Company News for May 23, 2017
• Shares of Advanced Micro Devices, Inc. AMD declined 3.3% following the news that Advanced Micro Devices has decided not to license its graphics technology to Intel Corp. INTC
• Blackstone Group LP’s BX shares advanced 6.7% after Saudi Arabia’s Public Investment Fund decided to contribute about $20 billion to Blackstone’s new infrastructure fund
• Shares of Cheetah Mobile Inc CMCM gained 7.5% after the company reported fiscal first-quarter revenues of $173 million, up 6.8% year over year
• Ferroglobe PLC’s GSM shares increased 8.7% after the company reported fiscal first quarter revenues of $388 million, beating the Zacks Consensus Estimate of $376 million
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