Home / Business and Economy / AMD, Apple, MercadoLibre: Earnings Set November's Tone
AMD, Apple, MercadoLibre: Earnings Set November's Tone
2 Nov
Summary
- AMD stock has more than doubled this year, driven by AI infrastructure demand.
- Apple's report is expected to show its first fiscal year of double-digit growth in five years.
- MercadoLibre, a Latin American e-commerce giant, faces volatility after Brazil election results.
The first week of November will be shaped by critical earnings reports from three significant companies: Advanced Micro Devices (AMD), Apple (AAPL), and MercadoLibre (MELI).
AMD, a provider of CPUs and GPUs, has experienced substantial growth, more than doubling its stock value this year. This surge is largely attributed to its role in AI infrastructure. Analysts expect AMD to report a 42% revenue increase to $13 billion for its fiscal third quarter, with earnings per share projected to soar by 60%. Despite a recent stock dip, a strong report could reignite its upward trend.
Consumer tech giant Apple is also releasing its fourth-quarter results. This report is expected to mark the company's first fiscal year of double-digit growth in five years, with revenue projected to rise 11% to $113 billion. While its latest iPhone models have been well-received, market focus will likely be on future guidance.
MercadoLibre, which dominates Latin American e-commerce and fintech, is experiencing faster growth but its stock is down 19% in 2026. Recent volatility in Brazilian stocks, following election results, has impacted its performance. Despite currency fluctuations, MercadoLibre has demonstrated strong growth potential in its key markets.
