AMD Predicts Strong Sales Growth, Fedex Gains, CoreWeave Tumbles

On this episode of Stock Movers:

- AMD (AMD) Nvidia's nearest rival in AI chips, predicted accelerating sales growth over the next five years, driven by strong demand for its data center products.Annual revenue growth will average more than 35% over the next three to five years, Chief Executive Officer Lisa Su said Tuesday at a company event in New York. AMD’s AI data center revenue will increase by an average of 80% over the same time period, she said. The company projects adjusted profit to reach more than $20 a share, and the operating margin to exceed 35%, in that time frame, executives said.

- Fedex (FDX) expects profit this quarter to improve from a year ago, easing investor concerns about a lackluster holiday season and volatile trade policies.Adjusted earnings in its fiscal second quarter, which concludes at the end of November, will surpass the $4.05 a share the courier generated last year, Chief Financial Officer John Dietrich told investors Tuesday at an industry conference. Analysts are anticipating $4.02 a share on average in estimates compiled by Bloomberg.

- CoreWeave (CRWV) shares tumbled after the cloud-computing provider reported its third-quarter results and said a data center delay would impact fourth-quarter expectations, prompting JPMorgan to downgrade the stock. Analysts note that the supply constraints are short term but highlight execution risks.

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