Dick's Sporting Goods plunges on revenue miss; AMD rises on upgrade

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Summary · why it matters

Dick's Sporting Goods shares plunged more than 12% in premarket trading after the retailer reported revenue of $5.59 billion, below the $5.65 billion expected by analysts polled by LSEG, citing a challenging footwear market. Advanced Micro Devices gained 2% after Raymond James upgraded the chipmaker to strong buy from outperform with a $641 price target implying 40% upside from Monday's close, expecting AMD to overtake Intel in the CPU market. Chip stocks rose broadly, with Intel up more than 3%, Nvidia up nearly 1%, and the VanEck Semiconductor ETF climbing more than 1%. Kura Oncology jumped 11% after CEO Troy Wilson disclosed buying 100,000 shares, Navitas Semiconductor rose about 5% on a $232.8 million deal for Claros, and United Airlines gained 2.9% after announcing 2027 flights spanning Sardinia to Okinawa.

Impact on stocks 7

Artificial Intelligence · 2 stocks
Semiconductors · 2 stocks
Consumer Discretionary · 1 stocks
Biotech & Genomic Medicine · 1 stocks
Kura Oncology Inc
KURA
▲ PositiveCapitalrelevance

CEO Troy Wilson bought 100,000 shares, signaling confidence.

Industrials · 1 stocks