for the Federal Reserve to keep rates steady on Sept. 20,with some on Wall Street suggesting that the Fed could be with rate hikes.
The results show the chipmaker has addressed two focus areas investor concern, Deutsche Bank says, boosting revenue from AI and easing its reliance on cyclical businesses including broadband and server storage connectivity. Dell Technologies , meanwhile, reported second-quarter results that topped Wall Street estimates and investors cheered further progress on its foray into artificial intelligence.
Xpeng rose 5%, meanwhile, after it reported a 43% rise in EV deliveries to 13,690 vehicles compared with the same month year earlier.
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