Advanced Micro Devices reported sharp increases in both profit and sales for the latest quarter as the chip designer moved deeper into artificial-intelligence data centers and increased sales of personal computer processors. The chip maker posted a profit of $1.96 billion, or $1.20 a share, compared with $1.5 billion, or 92 cents a share, a year earlier. Adjusted earnings per share beat estimates, according to analysts polled by FactSet. Data center revenue rose 22% to $4.3 billion. Client and gaming sales rose 73% to $4 billion, while sales in the company’s embedded segment declined 8% to $857 million. Client revenue, which includes PC processors, set a record. “The demand for compute has never been greater as every major breakthrough in business, science and society now relies on access to more powerful, efficient, and intelligent computing. These trends are driving unprecedented growth opportunities for AMD,” Chief Executive Lisa Su told investors.

After languishing in negative territory till well past mid afternoon on Tuesday, the Swiss market recovered in the final hour of the day's session to settle on a firm note. The benchmark SMI, which dropped to 12,100.51 around late morning, closed with a gain of 71.35 points or 0.58% at 12,306.89, the day's high. Geberit climbed 3.6% after the plumbing materials maker raised its 2025 sales forecast. Alcon closed higher by about 3%. Novartis and Roche Holding gained 2% and 1.73%, respectively. Lindt & Spruengli, Zurich Insurance, Nestle and Galderma Group ended up by 1.2 to 1.6%. Swiss Re, SGS, Swiss Life Holding and Givaudan posted moderate gains. VAT Group closed down by 3.8%. Logitech International ended 3.28% down, while Richemont, Swatch Group, ABB and Kuehne + Nagel lost 2 to 2.7%. Swisscom, Straumann Holding, Partners Group, Sika and Julius Baer also ended notably lower.

Europa
European stocks closed lower on Tuesday and most of the markets in the region dropped to multi-week lows before regaining some lost ground, as worries about the potential impact of U.S. government shutdown and growth concerns due to tariffs forced investors to tread cautiously with regard to riskier assets. Rising possibility of the European Central Bank holding interest rates at current levels, and slightly fading enthusiasm for AI also appeared to be rendering the mood cautious. Investors awaited the Bank of England's monetary policy announcement this week. The BoE is widely expected to hold interest rate at 4%. The pan European Stoxx 600 closed down by 0.3%. Germany's DAX and France's CAC 40 lost 0.76% and 0.52%, respectively. The U.K.'s FTSE 100 edged up 0.14%, and Switzerland's SMI climbed 0.58%. Among other markets in Europe, Czech Republic, Denmark, Finland, Greece, Iceland, Netherlands, Norway, Poland, Portugal, Sweden and Turkiye closed weak. Belgium, Ireland and Russia ended higher, while Austria and Spain closed flat. In the UK market, JD Sports Fashion, Burberry Group, Entain, Hikma Pharmaceuticals, Antofagasta, Whitbread, Endeavour Mining, Easyjet and Howeden Joinery Group lost 2 to 5%. Associated British Foods closed lower by about 3%. The company's full-year attributable profit was also down 29.6% to 1.03 billion pounds for the 52 weeks ended Sept. 13. Group revenue fell 2% to 19.46 billion pounds sterling.

Stati Uniti
Stocks staged a recovery attempt an early slump on Tuesday but showed a notable move back to the downside over the course of the trading session. The major averages all moved lower on the day following the mixed performance seen during trading on Monday. The tech-heavy Nasdaq posted a particularly steep loss on the day, plunging 486.09 points or 2.0 percent to 23,348.64. The S&P 500 also slumped 80.42 points or 1.2 percent to 6,771.55, while the narrower Dow slid 251.44 points or 0.5 percent to 47,085.24. The sell-off on Wall Street came amid concerns about the valuations of tech stocks, which have helped lead the markets to record highs amid optimism about artificial intelligence. Palantir Technologies (PLTR) led the way lower, plunging by 8.0 percent even though the software company reported better than expected fiscal fourth quarter results and raised its revenue guidance. 'It speaks to just how supercharged Palantir's share price has been in 2025 that even a set of numbers as impressive as those it produced for its third quarter were insufficient to sustain the momentum,' said Dan Coatsworth, head of markets at AJ Bell. He added, 'Even in the context of the booming AI sector, the company's valuation has reached high levels as investors have seized on its perceived close links with the Trump administration and AI-driven revenue growth.' Ride-hailing and food-delivery company Uber Technologies (UBER) also tumbled by 5.1 percent despite reporting third quarter revenues that exceeded analyst estimates. On the other hand, shares of Yum! Brands (YUM) surged by 7.3 percent after the fast food giant reported better than expected third quarter results. Airline, steel, networking and energy stocks also saw significant weakness, moving lower along with most of the other major sectors.

Asia
On Wednesday, stock markets in Southeast Asia fell sharply for the second day in a row. However, both the Nikkei and Kospi recovered from their daily lows during the course of the day. The sell-off on Wall Street set the tone.

Obbligazioni
In the U.S. bond market, treasuries moved higher after closing roughly flat for two straight sessions. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, dipped 1.7 basis points to 4.089 percent.

Analisi
UBS raises Porsche SE to Hold (Sell) – Target EUR 37 (32)
Bank of America raises Ryanair target to EUR 30.50 (30) – Buy
Bank of America raises Unibail-Rodamco to Buy (Underperform) – Target EUR 105 (80)

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