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Real-time News
July 22 - Advanced Micro Devices (SMCI.O) expects fourth-quarter revenue to be near the bottom of its guidance range of $11 billion to $12.5 billion. Gross margin for the fourth quarter is projected to be 15%-17%, significantly higher than the previous guidance of 8.2% to 8.4%. The companys order backlog reached a record high at the end of the fiscal year, with over $60 billion in new orders pending delivery this quarter. SMCI shares rose over 20% in after-hours trading.The API crude oil inventory data for the week ending July 17 will be released in ten minutes.Faraday Future (FFIE.O) will implement a 150-for-1 stock consolidation before the market opens on July 24, 2026.On July 22, Iranian President Pezechzian emphasized on the 21st that Iran must maintain internal unity and cohesion and should not unjustly belittle the results of the negotiations. Speaking at the National Industry and Mining Day celebrations, Pezechzian said that Iran has made steady progress on important issues such as the reopening of the Strait of Hormuz and the resumption of oil exports during the negotiations. Despite the US breach of contract, Irans achievements in these processes have "far exceeded expectations." Pezechzian said that discussions about the methods and results of the negotiations are welcome within Iran, but the results should not be belittled with unfounded statements. He stressed that maintaining unity and internal cohesion is crucial to Irans current situation.Market sources indicate that U.S. Chairman of the Joint Chiefs of Staff General Dan Kane has not explicitly stated whether a U.S.-Iran conflict would include ground troop operations.
