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.will reach $400 billion by 2027. CEO Lisa Su is on a mission to capture a significant share of that market. However, it has to compete with, the industry leader. Analysts predict Nvidia's AI revenue from data centers will hit $105.9 billion this year, while AMD lags with $4.
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