The S&P 500 and the Nasdaq Composite rose for the eighth straight session, up 0.97% and 1.39%, respectively, marking their longest winning streak of the…
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeserver maker ZT Systems for $4.9 billion to strengthen its AI chip and hardware portfolio. The move allows AMD to roll out AI chips at the scale customers such as. AMD, which had $5.
"I don't think it changes anything for the next 1 to 2 years," said Doug Clinton, managing partner at Deepwater Asset Management, on CNBC's"Closing Bell." He emphasized that AMD's focus is on becoming more competitive in training clusters, supporting hyperscalers in building data centers. However, Nvidia already excels in this area."
Nvidia's dominance is so strong that Bank of America expects its earnings report on Aug. 28 to be a bigger market catalyst than Powell's speech at Jackson Hole on Aug. 23, CNBC's Sarah MinJan Hatzius, Goldman Sachs chief economist, told CNBC's"Squawk on the Street," that the investment bank could lower the probability further depending on the next jobs report in September.
"If the data supports 50 , they should do 50, and I think they will do 50 but I think it much more likely that things would look good enough for a series of 25 basis point cuts to do the job."CNBC's Alex Harring, Kevin Breuninger, Samantha Subin, Jenni Reid, Rohan Goswami, Michael Wayland and Spencer Kimball contributed to this report.
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CNBC Daily Open: Wall Street's ‘dress rehearsal'Markets were reassured that Japan’s central bank will not raise rates in a volatile environment and that the U.S. economy isn’t on the verge of a…
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CNBC Daily Open: Wall Street 'dress rehearsal'Markets were reassured that Japan's central bank will not raise rates in a volatile environment and that the U.S. economy isn't on the verge of a recession.
Read more »