Stock Market Update: Dow Futures Rise Amid Earnings Reports from McDonald's, AMD, and More

Dow futures rise as McDonald's jumps and Nvidia rival AMD dives on earnings. Wall Street digests corporate earnings reports from companies like Super Micro Computer and Astera Labs.

Dow Jones Industrial Average futures traded higher in morning action on Wednesday, as Wall Street digested a number of corporate earnings reports. Among the big movers were blue chip component McDonald's (MCD), Nvidia (NVDA) rival Advanced Micro Devices (AMD), Super Micro Computer (SMCI), and Astera Labs (ALAB).

McDonald's stock jumped 3.4% after the burger giant's global sales beat expectations for the second quarter. Affordable meal bundles and promotions drew in budget-conscious diners, leading to a strong performance.

Advanced Micro Devices (AMD), however, saw its stock sink 6.2% after unveiling underwhelming quarterly revenue at its crucial data center business. The unit, which houses its all-important artificial intelligence chips, missed expectations, causing the stock to fall.

Super Micro Computer (SMCI) shares slumped 17% after the AI server maker missed fourth-quarter revenue estimates. The company reported quarterly adjusted earnings of 41 cents per share, lower than the same quarter last year, and analysts expected earnings of 44 cents per share. Revenue rose 8.5% to $5.76 billion, but it missed expectations by $110 million. Despite the earnings miss, the company's outlook for Q1 of FY2026 remains positive [1].

Astera Labs (ALAB) was not explicitly mentioned in the provided materials, but it is part of the broader earnings season being digested by Wall Street.

The earnings reports are seen as critical barometers of the companies' abilities to navigate the challenging landscape for AI hardware suppliers and other key sectors. Investors will continue to monitor these companies closely for any updates or changes in their financial outlook.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TY00A:0-super-micro-computer-inc-reports-results-for-the-quarter-ended-june-30-earnings-summary/
[2] https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-amd-stock-earnings/
[3] https://www.investing.com/news/stock-market-news/amd-walt-disney-and-snap-fall-premarket-mcdonalds-capri-rise-4172849