Cisco Soars on Earnings; AMD, On End Higher
On this episode of stock movers:
- Advanced Micro Devices (AMD) rallied 9% after the chipmaker predicted accelerating sales growth over the next five years, driven by strong demand for its data center products.
- Cisco (CSCO) traded higher after hours after the largest maker of machines that run computer networks and the internet, gave an upbeat sales forecast, showing progress in its effort to capture more artificial intelligence spending.
- On Holding (ONON) climbs after the Swiss sneaker brand boosted its sales forecast for the year after better-than-expected third-quarter results in which consumers in Europe and Asia snapped up the Swiss sneaker maker’s high-priced footwear..
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