S&P 500 and Nasdaq extend winning streak. AMD's $4.9 billion acquisition. GM to cut 1,000 jobs.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeserver maker ZT Systems for $4.9 billion to strengthen its AI chip and hardware portfolio. The move allows AMD to roll out AI chips at the scale customers such as. AMD, which had $5.
The unexpected withdrawal of President Biden from the election race and his endorsement of Vice President Harris as the Democratic nominee have shifted betting odds in Harris's favor, likely impacting the stock., 7% lower than Monday's close. While acknowledging Apple's potential AI success, analyst Craig Moffett argues that this is already
"I don't think it changes anything for the next 1 to 2 years," said Doug Clinton, managing partner at Deepwater Asset Management, on CNBC's "Closing Bell." He emphasized that AMD's focus is on becoming more competitive in training clusters, supporting hyperscalers in building data centers. However, Nvidia already excels in this area. "
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