Market Today: AMD and Pfizer Struggles Amid Strong Alphabet and Visa Earnings

AMD and Pfizer Fall Short

Advanced Micro Devices (AMD) and Pfizer both reported earnings that fell short of expectations, leading to a decline in their share prices. AMD's revenue missed estimates due to lower demand for its graphics cards, while Pfizer's profits were impacted by increased costs and generic competition.

Alphabet and Visa Surge

In contrast, Alphabet and Visa posted strong earnings, driving their stock prices higher. Alphabet's revenue growth was fueled by its advertising and cloud computing businesses, while Visa benefited from increased consumer spending and travel.

Market Outlook

The mixed earnings reports have left investors cautious about the overall market outlook. Some analysts believe that the weaker-than-expected results from AMD and Pfizer could signal a slowdown in the tech and healthcare sectors, while others remain optimistic about the long-term prospects of the market.