Reported 3 days ago
The stock market saw gains today, largely driven by Advanced Micro Devices (AMD) surging over 28% after its significant deal with OpenAI, which is generating optimism about the AI sector's potential impact on corporate profits. The Nasdaq 100 reached an all-time high, while broader market gains were somewhat restrained by rising bond yields and the ongoing U.S. government shutdown, which is expected to delay critical economic reports. Global political uncertainties are pushing some investors towards safer assets like gold and Bitcoin, with cryptocurrency-related stocks also experiencing a rally.
Source: YAHOO