U.S. stocks showed mixed results Wednesday, dragged down by a decline in Advanced Micro Devices that reignited skepticism around the AI trade and weighed on software stocks.
Cantor Fitzgerald’s C.J. Muse lowered his price target on Qualcomm to $160 from $185, maintaining a Neutral rating ahead of the chipmaker’s quarterly report due Wednesday. Qualcomm shares gained roughly 2.9%, trading at $151.41 in early action.
Shares of Robinhood Markets fell once more on Wednesday, dragged down by another decline in Bitcoin. The stock’s steep retreat shows no signs of easing, unsettling one of the market’s most volatile retail trading names.
Advanced Micro Devices shares dropped nearly 7% in premarket Wednesday after the chipmaker’s Q1 sales outlook missed the mark for investors hungry for faster growth from its AI chips. Bernstein analyst Stacy Rasgon summed it up: “Overall results weren't all that much beyond ‘inline’ without the China boost.” https://www.reuters.com/business/amds-frankfurt-listed-shares-fall-after-weaker-sales-2026-02-04/
Advanced Micro Devices shares dropped nearly 7% in premarket trading Wednesday after the chipmaker projected first-quarter revenue below its record fourth-quarter figure. AMD forecast about $9.8 billion, plus or minus $300 million, factoring in a $390 million lift from China-bound Instinct MI308 AI chip sales under a U.S. license. Bernstein analyst Stacy Rasgon said some investors wanted clearer signs of sustained momentum. CEO Lisa Su expects demand for next-gen AI servers, including shipments to OpenAI, to pick up in the second half and downplayed concerns over the global memory-chip shortage.
AppLovin shares dropped roughly 12% early Wednesday as software stocks took another hit and fresh concerns emerged over AI disrupting mobile ad tech. Unity Software wasn’t spared, sliding about 10%. https://www.investing.com/news/stock-market-news/applovin-stock-falls-amid-broader-software-selloff-and-mobile-ad-tech-concerns-4484979
July 10, 2026, 11:18 AM EDT. Calamos Convertible Opportunities and Income Fund (CHI) said its shares will go ex-dividend on July 14, 2026 for a monthly cash payout of $0.095, payable July 21. That amounts to about 0.71% of CHI's recent $13.34 share price. Its annualized yield sits at 8.55%. In the past year, shares traded between $10.10 and $13.50, with a recent print near $13.39. CHI was down around 0.1% in late Friday action. Many investors look to the fund's regular dividends for income from convertibles and other holdings.