Intel (INTC) is the semiconductor stock that investors will watch today. INTC stock gained 12.92% on Tuesday. Similarly, Sandisk (SNDK) gained 11.98%.
Both firms might get another boost in mid-week trading. After the bell, Advanced Micro Devices (AMD) reported revenue growing by 37.8% Y/Y to $10.25 billion. EPS (non-GAAP was $1.37. In Q2, AMD is forecasting revenue to rise to around $11.2 billion. Its non-GAAP gross margin is also impressive at around 56%.
SNDK stock benefited from Micron Technology (MU) lifting the semiconductor sector. Investors who hold Nebius (NBIS), CoreWeave (CRWV), DigitalOcean (DOCN), and IREN (IREN) are on the rise. They benefit from enterprise customers buying AI cloud solutions.
On the flip side, Fiserve (FISV), a technology and payments provider for the financial services industry, dropped by 8.8% yesterday. The payment sector is underperforming. PayPal (PYPL) dropped after posting quarterly results. Visa (V) stock also faded, giving back some of its post-earnings gains.
In the first quarter, Fiserve reported a 2.3% drop in revenue to $4.68 billion. Non-GAAP EPS was $1.79. The stock is cheap, but investors are avoiding it. Profits are strong, but growth is poor, causing analysts to lower their estimates.
Pool fell to a 52-week low after naming a new CEO on May 4. It also said that its results will meet its full-year 2026 guidance. Stock markets are pricing in a sharp drop in swimming facility maintenance demand.
