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Tech Giants Shake Up Markets: AMD Disappoints, Apple Pledges $100B
6 Aug
Summary
- AMD data center results disappoint, shares drop
- Apple to announce $100 billion domestic manufacturing pledge
- Super Micro misses Q4 sales estimates, Dell shares fall
The tech sector experienced a day of contrasting fortunes on August 6, 2025, as the markets digested a new round of corporate earnings.
The S&P 500 and Nasdaq indices edged higher, buoyed by strong performances from several tech companies. Arista Networks soared 13.6% after projecting quarterly revenue above analyst estimates, while Match Group, the parent company of Tinder, jumped 11.3% on surpassing revenue expectations.
However, not all tech giants fared as well. Advanced Micro Devices (AMD) tumbled 6.4% as its data center chip revenue disappointed investors. Meanwhile, Super Micro Computer plunged 16% after missing fourth-quarter sales estimates, dragging down rival Dell by 1.9%.
In a notable development, a White House official revealed that Apple Inc. plans to announce a $100 billion domestic manufacturing pledge, sending the company's shares up 2.8%.
The mixed earnings results came as the market awaits the next bullish catalyst, with traders increasingly betting on a September Federal Reserve rate cut to stimulate the economy. This follows recent data showing the U.S. services sector activity unexpectedly stalling in July, highlighting the impact of the Trump administration's tariff policies on businesses.
