US stock market closes deep in the green even as AMD, Snapchat, and SMCI plunge – Cryptopolitan

The stock market ended higher on Wednesday, even as major tech names collapsed. Apple’s 5% rally helped pull the indexes into positive territory, but AMD, Snapchat, and Super Micro Computer all crashed after disappointing earnings. The S&P 500 surged by 0.73% to 6,345.06, pushing the Nasdaq to 21,169.42 after a 1.21% climb. The Dow Jones barely moved, though, rising 81.38 points, or 0.18%, to settle at 44,193.12. That bounce came after a series of red days. Before Wednesday, the S&P 500 had dropped in five of its last six sessions. The Dow was also coming off six losses in the past seven trading days. But the boost from Apple flipped the narrative, at least at the index level. AMD falls after weak numbers and China worries Advanced Micro Devices (AMD) dropped more than 6% on Wednesday after it posted earnings that came in below what analysts had predicted. The chipmaker said it earned 48 cents per share on an adjusted basis. That missed the 49-cent forecast by analysts tracked by LSEG. AMD also didn’t give any solid timeline on when it would restart shipments to China, which added more pressure. Over in Santa Clara, Super Micro Computer (SMCI) got hit
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