Stocks tread water as traders try to shake off declines in AMD and Alphabet: Live updates

Stocks tread water as traders try to shake off declines in AMD and Alphabet: Live updates



Stocks rose on Wednesday despite mixed quarterly figures from Alphabet and AMD. The S&P 500 and Nasdaq both saw gains, while the Dow Jones Industrial Average climbed. Alphabet’s shares dropped 8% after a cloud revenue miss and increased spending on AI, leading to concerns about the company’s AI ambitions. AMD also saw a decrease in share price after disappointing fourth-quarter data center revenue. Tech companies like Nvidia and Vistra saw gains in response to the AI theme. Apple’s shares dropped after reports of a potential investigation into its App Store fees in China, amid escalating trade tensions between China and the U.S.





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