AMD's growth outlook, and Oracle's canceled contract

Easy version of the November 5 U.S. stock note. This is not investment advice. Later names were left out.

In one line, AMD said 2027 revenue could rise more than 80%, then gave back most of the gain on data center rule worry. Oracle fell on a report that it canceled a $7 billion AI-chip rental deal with Tencent.

AMD rose ▲ 0.99% to $488.68. Third-quarter adjusted earnings per share were $2.09 and revenue was $13.45 billion, up ▲ 45% from a year earlier. Adjusted means one-time costs were removed. Forecasts were $1.95 and $13.1 billion. CEO Lisa Su said 2027 revenue could rise more than 80%, above a 77% market hope. The stock jumped about 7% before the open, then gave most of that back after Democrats took Congress and the Texas governor-elect pledged a pause on new data centers. A data center is a large building of computers that runs AI calculations.

Oracle fell ▼ 1.89% to $123.80. A report said it canceled a $7 billion, five-year deal to rent about 100,000 AI chips in Southeast Asian data centers after pressure from the Trump administration. Oracle, Tencent, and the White House did not comment. A prior report said Nvidia told cloud partners to sell more than 51% of capacity to non-Chinese firms. A $20 billion stock and bond raise also highlighted funding pressure.

Intel fell ▼ 3.72% to $58.30. A filing showed CEO Lip-Bu Tan bought 150,000 shares on November 2 through a family trust, at an average of $64.73, about $9.71 million. The close was nearly 10% below that buy price. The stock had fallen 28.6% on October 30 and about 50% in a month.

Super Micro Computer fell ▼ 5.73% to $29.59 even after fiscal first-quarter revenue of $19.9 billion, about four times a year earlier. Second-quarter revenue guidance of $19.5 billion to $21.5 billion beat a $17.5 billion forecast, and adjusted earnings-per-share guidance of $1.66 to $1.90 beat $1.14. It jumped about 9% after hours, then closed down more than 5%. After-hours means trading after the regular close. DK read that as worry about margin, the share of revenue left after costs, and dependence on a few large customers.

Amdocs fell ▼ 30.08% to $43.65. It guided fiscal 2027 reported revenue down 14% to 18% because of a T-Mobile contract dispute, the end of a UScellular integration, and lower T-Mobile spending. The CEO called it isolated but would not disclose the T-Mobile revenue share. The close was below the 52-week low of $49.74. A 52-week low is the cheapest price in the past year.

Datadog fell ▼ 14.48% to $188.58. Third-quarter revenue of $1.197 billion, up 35%, and adjusted earnings per share of $0.81 beat forecasts. Fourth-quarter revenue guidance of $1.19 billion to $1.20 billion was almost flat with the third quarter, so growth-slowdown worry won. Adjusted operating margin of 28% and free cash flow of $251 million did not cover that worry. Free cash flow is cash left after capital spending.

Block rose ▲ 15.26% to $87.60. Third-quarter gross profit was $3.24 billion, up ▲ 22%. Adjusted operating profit was $923 million, up 92%. This year's gross-profit outlook rose from $11.98 billion to $12.63 billion. Cash App gross profit rose 27%, but bitcoin gross profit fell 50%.

Riot Platforms rose ▲ 9.77% to $15.39 on a 15-year, about $28 billion lease of its whole 910-megawatt Corsicana, Texas, campus to a leading AI lab. Average annual rent was about $1.8 billion. The tenant was not named in the official release. A report, citing a quarterly filing, said Anthropic. That is a report, not a confirmed fact here.

Arista Networks rose ▲ 5.07% to $178.52. Third-quarter adjusted earnings per share of $1.20 and revenue of $3.66 billion, up 58.5%, beat forecasts. A 9% after-hours jump shrank to a 5% regular-session gain.

Booking Holdings rose ▲ 9.88% to $171.05. Adjusted earnings per share of $4.66 beat $4.49. Room nights rose 7% and gross bookings 10%. Reported revenue fell 1% to $8.89 billion after a $900 million FTC-related charge, missing a roughly $9.5 billion forecast. Adjusted revenue rose 9%. Fourth-quarter room-night growth guidance of 1% to 3% was well below a roughly 5.9% hope, and the stock still rose.

Three lines to keep. A strong growth outlook was not fully kept in the price once data center rules became the story. Oracle faced a reported China-related cancellation and a funding raise. Payments, travel, and a data center lease went the other way.

Left out: names after Skyworks. The Riot tenant name is unconfirmed.