AMD Jumps on Earnings, Duolingo Gains, Block Reports

 

Stock Movers

Listen for Short conversations on today's biggest winners and losers in the stock market.  Subscribe for analysis on the companies making news in glo… 
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Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- Advanced Micro Devices (AMD) gave a revenue forecast that exceeded analysts’ estimates, indicating that demand for data center processors remains strong. The company's fourth-quarter revenue will be $17 billion, plus or minus 3%, compared with an average analyst estimate of $16.3 billion. AMD's data center growth has helped offset a slump in the personal computer market, where rising memory-chip costs have slowed production and depressed user demand. AMD shares gained about 6% in late trading after the report was released.

- Duolingo (DUOL) raised its outlook after investments in customer acquisition and subscription tier changes boosted the number of daily active users. The company expects 2026 bookings of about $1.3 billion and upgraded its guidance for revenue and adjusted earnings before interest, taxes, depreciation and amortization for the year. Duolingo saw daily active user growth of 29% over the third quarter and expects a similar growth rate in the fourth quarter, according to Chief Financial Officer Gillian Munson.

- Block's (XYZ) third-quarter gross profit was up 22% to $3.2 billion, compared with the average analyst estimate of $3.1 billion. Block now expects $12.6 billion in gross profit for 2026, according to a shareholder letter by founder Jack Dorsey, up from an earlier outlook of $12.5 billion. The company's stock traded at around $76 Tuesday, after surging following a revamp announcement in February, but remaining well short of its $289 record high reached in 2021.