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US markets nudge higher led by chipmakers following AMD’s multibillion-dollar deal with OpenAI. Despite a federal government shutdown and political turmoil in France, the S&P 500 and Nasdaq edge to fresh highs, while Dow lags slightly amid mixed sentiment. Tech and AI sectors drive optimism as investors weigh economic uncertainties.
Advanced Micro Devices (AMD) secures major multibillion-dollar AI chip deals with OpenAI, underscoring a significant shift in AI infrastructure supply chains and intensifying chip market competition with Nvidia.
6 gigawatts – Capacity secured by AMD in AI chip deal with OpenAI
France plunges deeper into political turmoil with the rapid resignation of Prime Minister Sébastien Lecornu, raising uncertainties about government stability and investor confidence in the country.
The U.S. federal government shutdown drags into its sixth day amid partisan deadlock, with escalating concerns on economic impact and rising tensions over future negotiation prospects.
World Bank Raises China’s 2025 Growth Forecast to 4.8% Amid Turmoil
The World Bank upgrades China’s GDP outlook for 2025 to 4.8%, signaling resilience in the face of global challenges and supporting investor optimism.
More on breakingthenews.net
Tesla stokes investor anticipation with cryptic social media teasers hinting at a product unveiling, driving shares higher amid speculation of new offerings in their electric vehicle lineup.
Apple faces a criminal investigation in France over data privacy concerns related to Siri, highlighting expanding scrutiny on tech giants’ handling of user information amid global regulatory pressures.
France’s Government in Crisis as Prime Minister Resigns Within a Month
France plunges into political instability as PM Sébastien Lecornu resigns after just 27 days, sparking concerns over economic management and policy uncertainty.
More on semafor.com
OpenAI aggressively expands app ecosystem and AI capabilities, launching new developer tools and partnering with major tech firms to boost AI adoption and integration across platforms.
AppLovin stock plummets amid reports of SEC investigation into data collection practices, highlighting regulatory risks for AI-powered advertising companies in volatile market conditions.
US Supreme Court allows enforcement of antitrust ruling forcing major changes to Google’s Play Store, marking increased regulatory pressure on Big Tech.
JPMorgan restructures European leadership, appointing new CEOs to drive continuity amid a competitive banking landscape and shifting regional priorities.
The World Bank raises China’s GDP growth forecast to 4.8% for 2025, signaling confidence in economic resilience despite ongoing global trade tensions.
The demand for AI computing power is large enough for multiple chip companies to win.
— Brad Gerstner, Altimeter Capital Founder
European Union moves forward with antitrust enforcement against Google, including refusal of Supreme Court to delay app store reforms aimed at breaking its dominance.
Ukraine intensifies military strikes on Russian facilities and receives increased drone technology support from the US, amid ongoing hostilities and strategic engagements.
Significant mergers reshape U.S. banking sector as Fifth Third Bancorp moves to acquire Comerica, creating the ninth-largest bank amid ongoing industry consolidation.
AMD’s stock soars on robust AI-centric deal with OpenAI, marking a pivotal moment in semiconductor competition as investors price in future growth opportunities.
Cybersecurity issues and operational disruptions hit Jaguar Land Rover following a recent cyberattack, as the automaker prepares to resume production and restore manufacturing capacity.
Verizon shakes up leadership by appointing former PayPal CEO Dan Schulman to spearhead new growth phase amid fierce telecom competition and slowing subscriber gains.
Amid political confrontations, multiple U.S. states file lawsuits challenging President Trump’s deployment of National Guard troops to cities, underscoring rising tensions over federal authority and public safety measures.
Cryptocurrency markets rally with Bitcoin hitting new all-time highs and rising institutional interest, boosted by increased options market activity and growing stakeholder confidence.
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