The latest reading on Personal Consumption Expenditures (PCE) showed a rise of 0.4% in January and 2.8% year-over-year. The key metric for the Federal Reserve was in line with expectations and saw its lowest raise in three years. Cleveland Federal Reserve President Loretta Mester joins Yahoo Finance exclusively at 3:30 p.m. to discuss the report. On the earnings front, Dell (DELL) reports after the bell, along with other key names, including Fisker (FSR) and Hewlett Packard Enterprise (HPE). Yahoo Finance trending tickers include Snowflake (SNOW), AMD (AMD), and C3.ai (AI). Key guests include: 3:15 p.m. ET - Sheryl Palmer, Taylor Morrison CEO 4:15 p.m. ET - Simon Khalaf, Marqeta CEO
(Bloomberg) -- Advanced Micro Devices Inc. shares jumped Thursday, with the chipmaker extending a surge to hit its latest in a series of fresh records this year.Most Read from BloombergFed’s Preferred Inflation Metric Increases by Most in a YearHow Much Wealth You Need to Join the Richest 1% Around the WorldApple to Wind Down Electric Car Effort After Decadelong OdysseyStocks Rise After ‘No New Bad News’ on Inflation: Markets WrapBiden Is Too Old But Trump Is Dangerous, Swing-State Poll ShowsThe
Chipmaker Advanced Micro Devices is the IBD Stock of the Day as investors take in the latest artificial intelligence news.