The Dow Jones surged 650 points to a new high of 54,740, and the S&P 500 also reached an all-time high, rising 0.7% to 7,790. However, tech stocks showed weakness with the Nasdaq up only 0.35%, dragged down by a 10% plunge in SpaceX shares after its first earnings report since listing, wiping $170 billion from its market value. AMD shares also fell despite strong revenue forecasts. Optimism around a potential Iran-Oman shipping agreement through the Strait of Hormuz and easing oil prices helped lift market sentiment. Investors are now focused on upcoming earnings from major companies like Eli Lilly, Disney, and Uber, while the ADP jobs report showed slower US private-sector hiring, potentially giving the Federal Reserve more room to cut rates.
In August 2026, AMD executives sold more than $40 million worth of company stock, including a notable $13.6 million sale by CTO Mark Papermaster. These insider sales coincided with a 17% decline in AMD's share price from its late June peak above $580...
AMD reported robust Q2 results with revenue reaching $11.5 billion, fueled by a 107% growth in its data center segment driven by strong AI compute demand. Margins improved year-over-year, reflecting better cost efficiency. The company projects Q3 rev...
Anthropic has secured a $45 billion, six-year deal to rent AI computing power from British startup Nscale, utilizing Nvidia's cutting-edge Vera Rubin chip system. This deal, starting in late 2027, adds to Anthropic's aggressive expansion of compute c...
Advanced Micro Devices (AMD) projects its Data Center revenue will more than double by 2027, with server CPU revenue growing over 70%. This growth is supported by AMD's Helios platform, which integrates MI450 GPUs, Venice CPUs, Pensando networking, a...
Anthropic has secured a $45 billion cloud computing agreement with UK-based AI infrastructure firm Nscale, renting 460 megawatts of capacity at a new data center in West Virginia. This deal, expected to be operational by the end of 2027, will use Nvi...
