Advanced Micro Devices   shares climbed  Wednesday, after the chipmaker provided strong guidance on current-quarter sales and a solid full-year outlook.

AMD expects June quarter revenues in the region of $3.6 billion, with a range of plus or minus $100 million, and a non-GAAP gross margin of 47%. For the full 2021 financial year, AMD projects revenue growth of +50%, indicating a total of around $14.65 billion, on expectations that semiconductor supply chain bottlenecks will subside over the second half of the year.

The company’s first quarter earnings surged +150% year-over-year to 45 cents per share, with revenues up +92% to $3.45 billion. 

Revenue rose to $55.31 billion, up from $44.16 billion a year ago.

The company’s Google Cloud revenue for the quarter grew +46% year-over-year to $4.05 billion vs. $4.07 billion expected by analysts polled by FactSet.YouTube ads generated  $6.01 billion vs. $5.70 billion, according to StreetAccount.

According to a filing Tuesday, Alphabet’s board approved an additional stock repurchase of up to $50 billion on April 23.

Microsoft  posted its fiscal third quarter earnings that surpassed analysts’ expectations – in the ninth consecutive quarter.

The software behemoth’s earnings for the quarter came in at $1.95 a share, compared to  $1.77 a share expected by analysts polled by FactSet.

Revenue of $41.7 billion also beat estimates of $40.83 billion. Revenue grew at +19% annualized rate – the biggest quarterly growth since 2018.PC sales was a major contributor to growth.

The company said its Azure public cloud grew +50%, faster than the +46% growth analysts had expected, according to a CNBC review of 14 equity research notes.

Boeing’s adjusted core loss for the three months ending in March came in at -$1.53 per share, steeper than analysts’ expectations of -$1.16.It had a profit of $1.70 per share in the year-ago quarter.

Revenue fell -10.6% year-over-year to $15.22 billion, but was higher than the $15.02 billion expected by analysts surveyed by Refinitiv.

Boeing has been facing challenges related to the pandemic’s impact on travel and the extended grounding of its 737 Max aircraft (following two fatal crashes killed 346 people).

Penn National Gaming  shares got a buy rating from a Needham analyst who initiated coverage of the online gambling company on Tuesday.

Analyst Bernie McTernanat set a $151 price target on the shares.The analyst said that the risk-reward balance was compelling. 

Needham views the North America gambling market as an emerging $35 billion opportunity.

The delivery company’s adjusted net income came in at $5.47 a share, vs. an adjusted loss of -$2.87 a share in the year-ago quarter.Analysts polled by FactSet had expected earnings of $1.72 a share.

Revenue surged +27% from the year-ago period to $22.9 billion, also beating analysts’ expectation of $20.49 billion.

The company’s revenue in its U.S. domestic unit rose 22.3%, led by growth from small- and medium-sized businesses.

UPS has been benefitting from increased online deliveries as consumers staying at home during the pandemic order various items on digital platforms.

On Monday, e-commerce company Etsy's stock dropped premarket Monday after a KeyBanc analyst downgraded it to sector weight from overweight. 

Analyst Edward Yruma cited valuation and a lower near-term likelihood of positive earnings revisions as factors behind the revised outlook.

According to Yruma, Etsy has outperformed the broader market substantially  since KeyBanc first set an outperform rating on the company in October 2017.But at present, the analyst views the stock's valuation as "fair" and the current consensus analyst expectations "reasonable.

On Monday, Apple announced plans to invest more than $430 billion in the U.S. and create more than 20,000 new jobs over the next five years.“We’re creating jobs in cutting-edge fields - from 5G to silicon engineering to artificial intelligence - investing in the next generation of innovative new businesses, and in all our work, building toward a greener and more equitable future.”

Proofpoint shareholders will receive $176 in cash for each outstanding share, a 33.55% premium to its Friday closing price.

The  deal also includes a 45-day 'Go Shop" period that will expire on June 9.

“Proofpoint has established itself as a true powerhouse in the cybersecurity sector due to its innovative suite of market-leading products and impressive customer base of leading companies around the world,” said Thomas Brova partner Chip Virnig.“As the sophistication of cyberattacks continues to increase, Proofpoint is delivering the most effective solutions to help organizations protect their data and people across digital platforms.

But the Committee voted 10 to 4 with one abstention to advise the U.S. Food and Drug Administration (FDA) and the CDC to resume use of the vaccine without any conditions.

The J&J vaccine use was put on hold last week, following reports of rare blood-clot conditions in six people, including one fatality.Dr. Anthony Fauci, President Joe Biden’s chief medical adviser, had expected that the U.S. use of the vaccine would resume as soon as Friday, perhaps with new restrictions.

However, the FDA is expected to include label warning on the J&J vaccine to women under the age of 50.

Personal care company Kimberly-Clark  reported a -12% drop in first-quarter earnings and a -5% decrease in revenue.

For the three months ended March 31, Kimberly-Clark’s  earnings came in at $1.72 a share, down from  the year-ago quarter’s $1.92 a share.

Revenue fell -5% year-over-year to $4.74 billion.

"First-quarter comparisons were impacted by COVID-19 related stock up in the year-ago period, consumer tissue category softness and commodity inflation.We also experienced temporary supply chain disruptions related to severe weather conditions in the southern part of the United States," Chairman and Chief Executive Mike Hsu  said.

For 2021, the company lowered its adjusted earnings per share projection to a range of $7.30 to $7.55, from $7.75 to $8.

Intel Corp.  reported first quarter earnings that surpassed analysts’ expectations.However, the semiconductor & tech behemoth indicated that investments in new manufacturing foundries would likely affect near-term profit margins.

Intel’s earnings came in at $1.39 per share , beating the $1.15 per share expected by analysts.

Spotify Technology shares got a buy rating from Jefferies, as the latter initiated coverage of the audio streaming company.The analyst also indicated that new technologies are less likely to disrupt Spotify’s business model.

According to Uerkwitz, the company’s shares have substantial long-term opportunity and is trading at a discount to other content platform companies.

IT-solutions company Citrix  got a rating upgrade from a Jefferies analyst, on expectations of the remote work environment.

 Analyst Brent Thill boosted his rating on the shares to buy from hold.Thill also raised his price target on the stock from $150 to $180 – which implies a 30% potential upside from Tuesday's closing price at $138.12.

Netflix shares plunged -11% after-hours, following a major miss of subscriber numbers in its first-quarter earnings report.

The video streaming giant’s global paid net subscriber additions were 3.98 million in the quarter, compared to 6.2 million expected by analysts polled by Factset.The company also said it only expects to add about 1 million subscribers in the current quarter.

Earnings per share of $3.75 per share,  however, beat expectations of $2.97 (according to Refinitiv survey of analysts).

Revenue came in at $7.16 billion, vs $7.13 billion expected by analysts polled by Refinitiv.

Trey Campbell is joining Luminar as vice president and leader of its investor relations department.Prior to joining Luminar, he worked 20 years at Intel, starting as a financial analyst and later becoming the vice president of investor relations.

Last month, Luminar provided estimates for 2021 revenue at $25 million to $30 million, compared with around $14 million for 2020.

Toymaker Mattel’s shares were boosted  by an analyst at Berenberg, ahead of the company’s  first-quarter earnings report.

Berenberg analyst David Beckel raised rating to buy from hold on the shares, while raising his price target to $25 from $14.Beckel believes that both companies' strategies are unique enough so both can be winners. The analyst has a buy rating on Hasbro as well.

Beckel expects both the toy giants to grow revenue at "a healthy pace" even amidst difficult industrywide comps in 2021.

The analyst cited industry-leading capacity growth, exposure to more “aspirational customers” and “… the longest liquidity runway and lowest leverage on fully recovered EBITDA” as factors behind the rating boost.

Earlier this month, Norwegian said that it plans to resume sailings from U.S. ports starting on July 4.The Centers for Disease Control and Prevention (CDC), on the other hand, has only said that cruises can be restarted in summer but didn’t specify a restart date. 

Earlier, the software behemoth was reportedly in talks to offer more than $10 billion for Discord .Other potential buyers included Epic Games and Amazon.com.

Last year, Microsoft sought to acquire social-media app TikTok.

Citigroup analyst J.B. Lowe hiked First Solar's share-price target to $100 from $88 a share.The analyst sees many tailwinds ahead for the company, such as the potential inclusion of a 10-year solar tax credit extension and the revival of the 48C Advanced Manufacturing Tax Credit. Lowe also sees benefits from U.S. trade policy, including the extension of Section 201 tariffs on imported Chinese panels and possible sanctions against solar products sourced from Xinjiang.