Hot discussion on WSB | AMD, Alphabet-C leading the tech stock crash
Tech stocks are falling before the market opens, with AMD down more than 7% and Alphabet-C down more than 5%.
AMD Tops the Hot List, Releases Q4 Earnings Report, Company Expects AI Chip Sales of 3.5 Billion for the Year, Falling Short of Analyst Expectations, Pre-Market Plunges Nearly 7%. Some analysts believe that the lower-than-expected sales of AMD's AI chips in the future is actually good news for NVIDIA.
Microsoft ranks second on the Hot List and also released its earnings report, with growth slightly below expectations, causing a 2% pre-market drop. Microsoft's stock price has risen by 57% since 2023 and has accumulated a 9% increase since 2024.
NVIDIA ranks third on the Hot List, driven by AMD and Alphabet-C, with a pre-market drop of over 2%.
Tesla ranks fifth on the Hot List, with a pre-market drop of over 3.4%.
United Parcel Service (UPS) ranks sixth on the Hot List, with Q4 earnings falling short of expectations and revenue declining by 7.8%, resulting in an overnight drop of 8.2%.
Alphabet-C ranks seventh on the Hot List, with Q4 advertising business falling short of expectations, causing a pre-market drop of 5.6%.
Starbucks ranks eighth on the Hot List, with earnings falling short of expectations, but seeing a pre-market increase of nearly 3%. However, the stock had previously dropped from a high of $107 in November last year to a low of $91.
In terms of the overall market, Nasdaq futures took a short-term dive, falling by over 1.3%. The Federal Open Market Committee (FOMC) meeting of the Federal Reserve will be held tonight at 03:30, marking the first interest rate decision of the year.
Data Source: apewisdom, Hottest Stocks in the Past 24 Hours
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