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How AMD’s Earnings and Oil’s 9% Crash Shaped Markets Today — Market Wrap May 6
Today's AI insights from 7horns.ai reveal a broadly positive market mood driven by strong earnings and dramatic commodity moves. The Nasdaq futures led gains with a 1.25% rise, while the S&P 500 and Dow futures climbed 0.75% and 0.78% respectively. The standout story was Advanced Micro Devices soaring 18% pre-market after beating earnings estimates with $10.3 billion revenue and a 57% surge in Data Center revenue. Meanwhile, crude oil prices plunged over 9% amid easing Middle East tensions and hopes for a US-Iran ceasefire, causing volatility in energy stocks. Conversely, gold futures surged…
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