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McDonald's (MCD) adds a barista-style role to stores as part of the refreshers and crafted soda launch. (00:14) AMD shoots up as Q1 results, guidance top estimates. (01:22) Apple (AAPL) to pay $250M to settle shareholder lawsuit over Siri AI delays. (02:50)
This is an abridged transcript.
McDonald's (MCD) is adding six new crafted beverages to its menu today and a new position to make sure it’s made right.
The beverage specialist will be focused on making the new more complex drinks.
It includes three refreshers. Customers can choose from mango pineapple flavor with strawberry boba, blackberry passion fruit with freeze-dried dragon fruit, and a strawberry watermelon option.
In addition, three crafted sodas are being added to the menu. The crafted soda is a fountain drink enhanced with flavored syrups and cold foam. Sprite Berry Blast will have blue raspberry syrup. The Orange Dream resembles a Creamsicle. And the Dirty Dr Pepper is a classic Dr Pepper with vanilla flavor. Each topped with cold foam.
The new lineup will be closely watched by rivals such as Starbucks (SBUX), Taco Bell (YUM), Dutch Bros. (BROS), and Dunkin' looking to protect their market share.
The updated drink menu reflects McDonald's (MCD) push into higher-margin, customizable drinks that can attract younger consumers and create more traffic beyond lunch and dinner.
AMD (AMD) is up 18% in early trading after reporting first-quarter results and guidance that topped Wall Street's forecast.
Shares have gained more than 60% in the past month and more than 250% in the past 12 months amid investor enthusiasm about artificial intelligence spending.
For the period ending March 28, AMD said it earned an adjusted $1.37 per share as revenue rose 38% year-over-year to $10.25B.
Analysts had expected the company to earn $1.28 on revenues of $9.89B for the entire quarter.
AMD said it expects second-quarter revenue to be between $10.9B and $11.5B, with the mid-point of $11.2B above the $10.52B consensus.
On the earnings call, CEO Dr. Lisa Su said the company is seeing a “meaningful” acceleration for CPUs and now expects the market to grow 35% annually and hit $120B by 2030.
She added in response to the larger total addressable market, AMD is “working closely” with its supply chain partners to “meaningfully increase” its wafer and back-end capacity to support the growth.
Server CPU revenue is now forecast to grow more than 70% year-over-year in the second quarter, with “robust” growth in the second half of the year and into 2027, she added.
Apple (AAPL) agreed on Tuesday to pay $250M to settle a shareholder lawsuit that accused the company of delaying AI upgrades to its Siri voice assistant, as per reports.
Plaintiffs accused Apple of having "promoted AI capabilities that did not exist at the time, do not exist now, and will not exist for two or more years" in order to boost iPhone sales, the document - reviewed by AFP - stated.
The 2024 lawsuit followed the announcement, and promotion, of a range of AI upgrades at its annual developer conference that year, stating they would roll out with new iPhones in the fall.
In 2025, Apple said that the AI overhaul of Siri would not come until this year, and executives have now confirmed that the new Siri features will be unveiled at Apple's annual developer conference next month.
Apple (AAPL) did not admit to any fault in the settlement, which still needs approval from a judge.
The company said in a statement to Reuters, "We resolved this matter to stay focused on doing what we do best, delivering the most innovative products and services to our users."
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Catalyst watch:
Corning (GLW) will hold an event for investors and analysts at the New York Stock Exchange.
Shareholders with Penumbra (PEN) vote on the $14.5B buyout offer from Boston Scientific (BSX).
Anthropic (ANTHRO) is holding a Code with Claude event in San Francisco to highlight new Claude capabilities.
Disney (DIS) will hold its earnings conference call at 8:30am. Analysts will be focused on the update on the FCC investigation of ABC, streaming momentum, ESPN/NFL, theme park trends, broader content/AI strategy, and capital allocation plans.
Costco (COST) will release its monthly sales report.
Stock index futures are higher as investor sentiment improved on hopes of easing tensions between the U.S. and Iran.
Washington reaffirmed that the ceasefire between the U.S. and Iran remains in place, easing immediate fears of a broader escalation.
Crude oil is down 7.7% at $94. Bitcoin is up 1.1% at $81,000. Gold is up 3% at $4,699.
The FTSE 100 is up 2.2% and the DAX is up 2.3%.
The biggest movers for the day premarket: Lucid Group (LCID) -5% - Shares fell after reporting a Q1 top-line miss and a wider-than-expected loss, with revenue rising 20.2% Y/Y to $282.5M, below estimates, and an adjusted net loss of $2.82 vs. expectations of -$2.30.
Economic calendar:
8:15 am ADP Employment Report
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