AMD’s estimation for Q3 was $6.71 billion, it fell to $5.6 billion. Industry as other players like Nvidia (NVDA) and Intel (INTC) also fell in the post-market.
The stock market is one of the highly volatile investment tools which sees major disruptions throughout the year. Even the slightest trend or news can significantly impact the share prices of top companies.
Fluctuations throughout the day might encourage investors to buy or sell outside the standard daytime market participants, known as after-hours. Let’s go over the top trending stocks in the last few days.
Levi Strauss (LEVI)
The popular jeans maker’s share price declined 5% after the company lowered its forecast for the entire year. Levi Strauss mainly cited the supply chain issues and the strong dollar for its revised projections.
EPS (earnings per share) is now adjusted for the price range of $1.44 to $1.49. The new figures show a significant drop from its previous projections of $1.50 to $1.56.
Advanced Micro Devices (AMD)
AMD has been struggling in after-hours trading as it saw a fall in its share prices. Earlier this week, AMD didn’t post strong numbers for the third quarter. The company cited supply chain issues and slow demand in the PC market as the reason for the slow growth.
While AMD’s estimation for Q3 was $6.71 billion, it fell to $5.6 billion. The case is no different for the entire chip industry as other players like Nvidia (NVDA) and Intel (INTC) also fell in the post-market.
Tilray (TLRY) and Other Cannabis Stocks
The cannabis industry has witnessed steady growth in the last couple of years. The recent actions of President Biden have further accelerated the gains in extended training.
President Biden has now pardoned people with Federal offenses for the possession of marijuana. Moreover, he urged the states to follow the same lead. Furthermore, he asked the Attorney General and Secretary of Health and Human Services to review the classification of marijuana under federal law.