Five things to know ahead of the opening bell this morning. First up, AMD posting better than expected earnings and revenue and offering upbeat guidance. Separately, Amazon disclosed yesterday that it had sold all of its 822,000 shares in AMD.Net result, that stock is off by about 5 and a half% this morning. Pinterest shares plunging after the company reported profit that was below expectations and gave weak guidance. That stock down by close to 18% this morning.And then you've got EV maker Rivian reporting ...

Group 1: AMD and Amazon - AMD reported better than expected earnings and revenue, providing upbeat guidance [1] - Amazon disclosed the sale of all its 822,000 shares in AMD, leading to a decline in AMD's stock by approximately 5.5% [1] Group 2: Pinterest - Pinterest shares fell nearly 18% after reporting profits below expectations and offering weak guidance [1] Group 3: Rivian - Rivian reported a smaller than expected adjusted loss, with revenue exceeding estimates and gross profit at $24 million [2] - The market had anticipated a loss of over $38 million, resulting in a 3% increase in Rivian's shares [2] Group 4: Papa John's - Papa John's stock dropped 10% following a report that Apollo Global withdrew its offer to take the company private [2] - The stock experienced an additional decline of 1% in the morning following the report [2] Group 5: NASA Nomination - President Trump has renominated Jared Isaacman to run NASA after previously pulling his nomination [3] - Isaacman is known to be friends with Elon Musk, who expressed approval of the nomination on social media [3]

Core Insights - Pinterest shares dropped 18% on Wednesday due to a disappointing forecast, raising concerns about the company's ability to identify new growth opportunities amid competitive pressures and tariff challenges [1] Company Summary - The decline in Pinterest's stock price reflects investor anxiety regarding its growth prospects, particularly in light of increasing competition from larger rivals [1] - The company is facing significant challenges in finding new avenues for growth, which is critical for maintaining investor confidence and market position [1] Industry Context - The image-sharing platform industry is experiencing heightened competition, which is impacting Pinterest's market performance and strategic direction [1] - Tariff pressures are contributing to the difficulties faced by Pinterest, indicating broader economic factors that may affect the industry as a whole [1]

U.S. stock futures were fluctuating on Wednesday after Tuesday’s lower close. Futures of major benchmark indices were mixed.Investors interpreted the latest batch of corporate earnings as solid but not spectacular, offering a convenient excuse to take profits after strong year-to-date rallies.Palantir Technologies Inc. (NASDAQ:PLTR), one of the poster children of this year's AI-fueled rally, slumped around 8% despite easily beating Wall Street estimates and raising its full-year guidance.President Donald Tr ...

Market Overview - U.S. stock futures showed mixed performance after a lower close on Tuesday, with major indices fluctuating [1][3] - Investors viewed recent corporate earnings as solid but not exceptional, leading to profit-taking after strong year-to-date rallies [1] Company Performance - Palantir Technologies Inc. (NASDAQ:PLTR) experienced an 8% decline despite exceeding Wall Street estimates and raising its full-year guidance [1] - Advanced Micro Devices Inc. (NASDAQ:AMD) fell 2.81% in premarket trading, projecting fourth-quarter revenue of approximately $9.6 billion, plus or minus $300 million [6] - Qualcomm Inc. (NASDAQ:QCOM) was down 0.42% ahead of its earnings report, with expectations of $2.87 earnings per share on $10.77 billion revenue [7] - Robinhood Markets Inc. (NASDAQ:HOOD) rose 0.66%, with analysts anticipating earnings of $0.53 per share on $1.21 billion revenue [7] - Pinterest Inc. (NYSE:PINS) dropped 18.90% after reporting third-quarter revenue of $1.05 billion, with adjusted earnings missing estimates [7] - McDonald's Corp. (NYSE:MCD) slipped 0.36% before its earnings report, expected to be $3.33 per share on $7.09 billion revenue [7] Sector Performance - The sectors that posted the largest losses included communication services, consumer discretionary, and information technology, contributing to a negative close for most S&P 500 sectors [8] Analyst Insights - BlackRock maintains a positive outlook on U.S. stocks, highlighting artificial intelligence as a significant market driver, supported by solid tech earnings [10] - The firm anticipates Federal Reserve rate cuts, likely in December, due to a softening labor market, which could support U.S. stocks [11] - BlackRock's view suggests that U.S. valuations are backed by stronger earnings and profitability compared to other developed markets [12]

Core Viewpoint - Pinterest's stock dropped over 18% pre-market, closing at $26.94, following its third-quarter earnings report which showed mixed results [1] Financial Performance - Pinterest reported a 17% year-over-year revenue increase to $1.05 billion, meeting market expectations [1] - Adjusted earnings per share were $0.38, falling short of the anticipated $0.42 [1] Regional Performance - The North American market experienced a slowdown in advertising spending, generating $786 million in revenue, slightly below the market expectation of $799 million [1] Future Outlook - For the fourth quarter, Pinterest expects revenue to be between $1.31 billion and $1.34 billion, and adjusted EBITDA to range from $533 million to $558 million, both below market expectations of $1.34 billion and $554 million respectively [1]

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Group 1 - Wall Street anticipates McDonald's Corp. to report quarterly earnings of $3.33 per share with revenue of $7.09 billion [2] - Pinterest Inc. reported third-quarter revenue of $1.05 billion, meeting analysts' estimates, but adjusted earnings of 38 cents per share fell short of the expected 42 cents, leading to a 20.1% drop in shares to $26.30 [2] - Qualcomm Inc. is expected to post quarterly earnings of $2.87 per share on revenue of $10.77 billion, with earnings release scheduled after market close [2] - Advanced Micro Devices Inc. reported better-than-expected financial results for the third quarter and anticipates fourth-quarter revenue of approximately $9.6 billion, exceeding analysts' expectations of $9.15 billion, although shares fell 4.7% to $238.20 [2] - Humana Inc. is expected to report quarterly earnings of $2.82 per share on revenue of $32.01 billion [2]

Core Insights - Pinterest has transformed into an "AI-powered visual-first shopping assistant," integrating AI across its platform to enhance user experience and engagement [1][3] - The company reported a 17% increase in Q3 revenue to $1.049 billion, exceeding Wall Street expectations, with monthly active users rising 12% to 600 million [3][10] - AI integration has led to a 44% year-over-year increase in monthly queries, reaching 80 billion, indicating deeper user engagement and stronger commercial intent [4][7] Financial Performance - Q3 revenue was $1.049 billion, a 17% increase, with net income of $6 million compared to a $65 million loss a year earlier [3][10] - Global average revenue per user was $1.78, with the U.S. and Canada averaging $7.64, highlighting a monetization gap as international users represent 83% of the audience but only 25% of revenue [10] AI and User Engagement - AI systems are designed to predict user inspiration, allowing for proactive engagement rather than reactive search [3][6] - The company is testing a multimodal search tool and a voice-based Pinterest Assistant to enhance user interaction and search precision [5][6] Advertising and Revenue Growth - Outbound clicks to advertisers increased by 40% in Q3, indicating improved alignment between product discovery and commerce [9] - Pinterest expects Q4 revenue between $1.313 billion and $1.338 billion, projecting a year-over-year growth of 14% to 16% [11] Strategic Initiatives - The Holiday Edit campaign will be a key focus for Q4, featuring AI-assisted gift boards across various categories [8] - Pinterest's investment in AI is part of a broader trend among retailers, with 73% planning to increase investments in generative AI over the next year [6]

Core Insights - Pinterest's stock dropped over 19.6% to $26.44 following the release of its Q3 earnings report [1] Financial Performance - Pinterest reported Q3 revenue of $1.05 billion, a 17% year-over-year increase, meeting market expectations [1] - Adjusted earnings per share were $0.38, which fell short of the anticipated $0.42 [1] - Revenue from North America was $786 million, slightly below the market expectation of $799 million [1] Market Outlook - The company anticipates Q4 revenue to be between $1.31 billion and $1.34 billion, which is below the market expectation of $1.34 billion [1]