S&P rises over 2%, the best in nearly two years, with chip stocks up about 7%, Nasdaq and Chinese stocks up 2.8%, and US Treasury yields and the yen falling for three consecutive days.
The latest employment data alleviates concerns over the US economy, and US stocks rose more than 1.7%. Nvidia's stock rose more than 6%, and Tesla, Alibaba, PDD Holdings, and Tencent ADR rose more than 3%. Bullish on weight loss drug reports, Eli Lilly and Co's stock rose more than 13%, and Novo-Nordisk A/S's US stock rose nearly 8%. The 10-year US Treasury yield rose above 4%, and short-term bond yields rose by 10 basis points. Oil prices rose for the third consecutive day, gold halted its five-day decline, and digital currency had a big increase.
What's Going On With AMD Stock?
Check Out What Whales Are Doing With AMD
Why Nvidia, AMD and Other Chip Stocks Are Rallying Thursday
AMD Ryzen 5 9600X 6-Core "Zen 5" CPU Overclocked To 7 GHz
Express News | Shares of Semiconductor and Chip Stocks Are Trading Higher Amid an Overall Market Rebound After Softer-than-expected Jobless Claims Possibly Alleviated Some US Economic Concerns
Over 50% of the Nasdaq-100 Names Trade Below Their 200-day Moving Average
AMD Discontinues Radeon RX 6600 "RDNA 2" Series: Include RX 6600, RX 6600 XT, RX 6650 XT GPUs
MAINGEAR Rolls Out AMD Ryzen 9000 Series Processors Across All Desktop Gaming PC Lines
AMD Ryzen 7 9700X & Ryzen 5 9600X Now Available, First Zen 5 CPUs To Hit Desktop With 8 Cores For $359 & 6 Cores For $279
Intel in Focus as Mizuho Downgrades on Continued Headwinds; Gelsinger Buys Shares
Social Buzz: Wallstreetbets Stocks Mixed Premarket Thursday; Lumen Technologies to Decline, Intel to Open Higher
Driven by the demand for AI, the overseas CPU battle in the second quarter saw AMD surpassing intel!
According to Bank of America Merrill Lynch, AMD's CPU sales are expected to achieve a year-on-year growth of 38% in 2024, while Intel's growth rate is only expected to be 2%. By 2025, AMD's revenue share in the PC and server markets is expected to reach 25%, significantly higher than last year's 19%.
Is Advanced Micro Devices (AMD) a Better Buy Than Nvidia (NVDA) After Earnings?
Nvidia Stock Creeps Up. Why Investors Are Hesitating to Buy the Dip.
There Goes Tokyo: What We Bought During Monday's Market Meltdown
These Stocks Held Up During the Selloff. What That Reveals About the Market. -- Barrons.com
ARK Invest Fund hits a new low in 2024, 'Wood Sister' buys the dip of Amazon (AMZN.US), AMD (AMD.US), Meta (META.US), and so on.
When Casey Wood reached a new low in her flagship fund by 2024, she bought a lot of stocks in technology companies that were hard hit in the market downturn.
Cathie Wood's Ark Invest Loads Up On Robinhood Shares Amid Trading Platform's Q2 Revenue Beat, Also Shops For Amazon, Reddit And AMD Stock
"Wood Sister" bought the dip! Buy Amazon, AMD, Meta, etc. during the ARKK plummet.
The Ark fund strategist stated that ARKK has always been investing highly and concentratedly through its etf. The team tends to take advantage of significant market downturns to increase long-term investments in its strongest concepts.