US stocks rose to record levels shortly after the opening bell Monday as investors looked past the government shutdown, now in its sixth day. Instead they cheered a multibillion-dollar infrastructure deal that signaled the artificial intelligence spending boom remains on track. Source link
OpenAI signed a multi-year partnership Monday with chipmaker Advanced Micro Devices as the ChatGPT-maker continues an investment spree to secure massive amounts of computing power for rolling out generative artificial intelligence. The Barron’s news department was not involved in the creation of the content above. This article was produced by AFP. For more information go…
Shares of chipmaker AMD (AMD) soared in early trading on Monday after the company announced a multibillion-dollar deal with OpenAI (OPAI.PVT). The move will see AMD provide upward of 6 gigawatts of GPUs to the AI juggernaut over several generations, starting with its MI450 chips in the second half of 2026. As part of the…
(Reuters) – Wall Street’s main indexes opened higher on Monday, building on last week’s gains, as AMD’s chip-supply tie-up with OpenAI became the latest in a series of AI deals and offset concerns around a prolonged federal government shutdown. The Dow Jones Industrial Average rose 17.8 points, or 0.04%, at the open to 46,776.04. The…
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Check out the companies making headlines before the bell: AMD — The chipmaker surged more than 23% following a deal reached by OpenAI and Advanced Micro Devices that could see the ChatGPT parent take a 10% stake in AMD. Comerica , Fifth Third Bancorp — Fifth Third Bancorp announced a $10.9 billion all-stock deal to…
In a significant challenge to Nvidia’s dominance, OpenAI announced Monday it would buy 6 gigawatts of computing power from data centers that will run exclusively on AMD chips. Nvidia (NVDA) has become the go-to AI chipmaker in recent years, propelling it to a $4.6 trillion market capitalization that has made it the world’s most valuable…
France’s government collapsed Monday after the country’s Prime Minister Sébastien Lecornu tendered his resignation less than a day after appointing his cabinet. The resignation of the country’s second-highest-ranking public official plunged France further into a political crisis that has seen a rotating cast of five different prime ministers in less than two years. France has been…
Paris — French Prime Minister Sebastien Lecornu resigned Monday just hours after he unveiled his new cabinet, in a shock move that plunged the country further into political crisis. The prime minister – a key ally of embattled French President Emmanuel Macron – had not even been in office for four weeks, meaning he departs…
Stocks looked set to trade in the green yet again on Monday, as investors continued to shrug off the ongoing government shutdown. Futures tracking the Dow Jones Industrial Average rose 80 points, or 0.2%, and contracts tied to the S&P 500 were up 0.4%. Both indexes hit record closing highs on Friday, notching six-day winning…