AMD announced a partnership to develop next-generation gigascale AI campuses, leading to a 7% rise in shares.

The entities involved

• AMD →

  American multinational semiconductor company

  • A market sell-off hit major chip companies (AMD, Intel, Micron, Samsung, Nvidia) as the AI trade cooled and investors entered risk-off mode.Mon 17:34
  • Hyperscalers are competing for AI market share, driving high demand for semiconductors and boosting corporate profits.Mon 16:49
• Nasdaq →

  American fully electronic stock exchange

  • Apple Inc. stock is traded on Nasdaq, and Jefferies Financial Group restated a hold rating on the company.Mon 17:22
  • Vanguard Short-Term Inflation-Protected Securities ETF is disclosing its holdings to the SEC and trading on the Nasdaq electronic stock exchange.Mon 16:28

Related events

• Intel and AMD shares were traded on the Nasdaq exchange, with both stocks experiencing a sympathetic pullback.Sep 10
• SpaceX listed shares on Nasdaq and reached a $2 trillion valuation, while the company explores ambitious plans like AI data centers in space and profitable Starlink operations.Jun 12
• AMD's AI systems could benefit Broadcom as a partner, while Broadcom stock trades on Nasdaq exchange.Aug 11
• Nasdaq changed its methodology for SpaceX inclusion, which could potentially boost the company's stock.Sep 15
• Both AMD and Intel are currently raising capital to fund their expansion into the artificial intelligence sector.Aug 26