NEW YORK — Intel shares dropped 4.5 percent in after-hours trading following its Q2 earnings report. The company projected Q3 revenue below analyst estimates, citing slowing enterprise demand for its data center CPUs. CEO Pat Gelsinger said macro headwinds are weighing on client computing sales, complicating the company's recovery in a competitive market.
AMD climbed 3.2 percent after hours after Q2 results surpassed expectations. Strong demand for its MI300X AI accelerators drove revenue growth in the data center segment, offsetting softer PC sales. AMD's guidance for the second half of 2026 reinforced its competitive position against Nvidia, which traded at $208.76. The results reflect investor preference for chipmakers with clear AI growth catalysts.
Boston Beer Company shares fell 6.8 percent after the market close. The brewer reported Q2 sales below Wall Street consensus, with declines across its Samuel Adams and Truly Hard Seltzer brands. CEO David Burwick said consumers continue shifting away from hard seltzers while competition in the craft beer segment has intensified. The company is working to refresh its product portfolio.
Deckers Brands, parent of Ugg and Hoka, rose 5.1 percent in after-hours trading. Q1 earnings beat estimates, driven by Hoka footwear sales and a positive forecast for the holiday season. Deckers raised its full-year revenue guidance, pointing to sustained consumer demand for premium athletic and casual footwear despite broader economic concerns.
The divergent moves came with the Nasdaq down 2.2 percent on the day. AI-driven demand is lifting select chipmakers, while traditional computing and certain consumer brands face pressure from shifting preferences and a tighter macro environment.
