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US stocks opened higher with Nasdaq leading gains as optimism around AI chip deals, notably OpenAI-AMD pact, propels technology sectors. Despite federal shutdown challenges, investors favor growth names. European markets brace amid French political instability impacting regional sentiment.
OpenAI and AMD deepen AI infrastructure alliance with a multibillion-dollar chip supply deal, offering OpenAI an option to acquire up to 10% stake in AMD and commit to deploying massive GPU capacity over multiple years. This partnership intensifies competition with Nvidia in AI chip markets.
6GW – AI chip capacity OpenAI will deploy from AMD in new multiyear deal.
Government shutdown continues into sixth day as Republicans and Democrats remain deadlocked. The impasse raises concerns about mass federal layoffs and impacts on federal services, with President Trump threatening sharp measures if funding bills fail.
French political turmoil intensifies with the resignation of Prime Minister Sébastien Lecornu just weeks after appointment, plunging France into its worst crisis in decades. The crisis stokes investor fears and affects European markets.
AMD Stock Rockets Post OpenAI Partnership Announcement
AMD’s shares surged over 34% after announcing a landmark chip supply deal with OpenAI, signaling a major market win and strong growth prospects in AI technology.
More on breakingthenews.net
Bari Weiss’s independent media startup, The Free Press, is acquired by Paramount, leading to her appointment as editor-in-chief at CBS News. This move marks a new editorial direction and significant acquisition in the media landscape.
Japan’s ruling Liberal Democratic Party elects Sanae Takaichi as new leader, likely becoming Japan’s first female prime minister. The election triggers a surge in Japanese stocks and a weakening yen amid expectations of pro-stimulus policies.
French PM Resignation Triggers Political Turmoil, Markets Swoon
Prime Minister Sébastien Lecornu resigned after less than a month, deepening France’s political crisis and sparking stock selloff, highlighting economic instability risks.
More on zerohedge.com
AMD shares soar over 34% following announcement of landmark partnership with OpenAI to supply high-powered AI chips. This deal positions AMD as a major player in the AI chip market alongside rivals Nvidia.
Fifth Third Bancorp to acquire Comerica for $10.9 billion in all-stock deal, creating the ninth-largest bank in the US. This merger consolidates regional banking presence and aims at greater competitive scale.
Treasury Secretary Scott Bessent retains dual leadership at IRS and Social Security, consolidating agency oversight amid administrative reshuffle.
President Trump continues to send National Guard troops to Portland, Oregon, despite court bans and state opposition, escalating tensions and leading to legal challenges from California and Oregon governors.
Gold prices climb towards $4,000 an ounce driven by political uncertainty, U.S. government shutdown, and investor flight to safe-haven assets. The rally marks the highest point for gold in decades.
“We are at a tipping point where AI deals will define technology’s future.”
— OpenAI CEO Sam Altman
Ukrainian President Zelensky announces capability to produce $35 billion worth of drones and missiles in 2026, signaling a major boost to national defense and arms production amid ongoing conflict.
The US Supreme Court strikes down Ghislaine Maxwell’s appeal of her Epstein-related conviction, closing legal options and focusing attention on possible presidential pardon or sentence commutation efforts.
Verizon appoints Dan Schulman, ex-PayPal CEO, as new CEO, tasking him with navigating intense competition and pricing pressures in the telecommunications sector.
Firefly Aerospace expands defense technology footprint by acquiring SciTec for $855 million, aiming to strengthen national security offerings and defense market presence.
US Treasury Secretary Scott Bessent to retain dual roles as Social Security commissioner and IRS commissioner amid agency leadership changes, reflecting consolidation of leadership roles.
Stock markets opened higher with Nasdaq, Dow, and S&P 500 eyeing multi-day winning streaks fueled by optimism around AI deals, despite ongoing government shutdown concerns.
Supreme Court term begins focusing on key cases including voting rights, tariffs, and conversion therapy, with the Trump administration anticipating favorable rulings in coming months.
NATO ally Denmark accuses Russia of physically pointing weaponry at its warships and helicopters in strategic European waters, escalating regional maritime tensions amid ongoing Russia-Ukraine conflict.
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