Earnings Roulette – Tech Giants Shine While AI Chip Stocks Face a Reality Check

If November’s market story was a party, then the earnings season just crashed in with a mix of glitz and drama.

If November’s market story was a party, then the earnings season just crashed in with a mix of glitz and drama. This week, heavy hitters like Autodesk Autodesk, Inc., Workday Workday, Inc., and Dell Technologies Dell Technologies, Inc. dropped their quarterly numbers, and the AI chip makers faced some unexpected turbulence that’s got investors sitting up and taking notice.

First, the good news for shareholders. Autodesk dazzled earnings watchers, reporting Q3 revenue of $1.85 billion—beyond the consensus of $1.81 billion—and adjusted earnings per share at $2.67 versus expected $2.50. Autodesk also raised its full-year billings guidance, nudging up revenue forecasts to between $7.47 and $7.53 billion, from the prior range of $7.36 to $7.45 billion. That’s the kind of guidance upswing that makes investors smile wide and bid stocks higher.