Advanced Micro Devices (NASDAQ:AMD) shares fell 8% on Wednesday after the chip company's revenue forecast failed to impress investors looking for a bigger windfall from the AI boom.

Oil prices rose in Asian trade on Wednesday, recouping a measure of recent losses as industry data showed an unexpected draw in U.S. inventories, while the Middle East conflict remained in focus.

Japanese stocks rallied, while the yen weakened after Japan’s ruling coalition lost its parliamentary majority in a recent election, with UBS flagging increased near-term volatility in local markets. 

Advanced Micro Devices on Tuesday forecast fourth-quarter revenue just shy of estimates and raised its artificial intelligence chip sales forecast to $5 billion for 2025 - not enough to impress investors.

The dollar hit three-month highs against the yen on Tuesday, but was little changed on the day against most major currencies as traders bided their time ahead of next week's U.S. election and a slew of incoming economic data.

Apple (NASDAQ:AAPL) is expected to report its biggest quarterly revenue jump in two years on Thursday, with iPhone demand faring better than recent years toward the end of the company's annual release cycle, especially in China.