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Investing.com -- Rackspace Technology (NASDAQ:RXT) shares rose 30% Tuesday after the company signed a definitive agreement with AMD (NASDAQ:AMD) for the phased deployment of 30 MW of AMD-based AI compute infrastructure.
Rackspace Technology strikes a deal with Advanced Micro Devices to use AMD chips in its AI data centers.
The acquisition aims to address escalating data centre memory bottlenecks driven by AI and cloud workloads.
Memory and storage chip companies surged on Monday, June 15, after the United States and Iran announced a peace agreement that will reopen the Strait of Hormuz. The rally didn't come about because the AI trade suddenly changed; it came about because the single biggest threat to it just got removed. ...
Qualcomm stock has risen 68% in three months ahead of an expected unveiling of its data-center chip plans and it could be lining up an acquisition to bolster its strategy.
Micron stock is setting records and Wall Street is racing to raise price targets for the memory-chip maker.
↗️ SpaceX (SPCX): Shares of Elon Musk’s rocket company are poised for another day of gains, following a two-day rally that pushed the stock up about 43% from its IPO price. Shares advanced 9% premarket.
Advanced Micro Devices, TeraWulf and Applied Materials surged to annual highs on Monday due to a series of announcements and growing Wall Street optimism.
For much of the artificial intelligence boom, investors have heard one simple story. Graphics processing units were at the center of it all. That thesis made Nvidia (NVDA) a must-have in the stock market. It also drove investors to Advanced Micro Devices (AMD), Broadcom (AVGO), Marvell Technology ...
AMD (NasdaqGS:AMD) agrees to acquire MEXT, adding memory optimization software aimed at improving AI data center efficiency. The company also introduces the Ryzen AI Halo developer platform, focused on running large AI models locally on high-performance hardware. These announcements highlight AMD's push to compete more directly with Nvidia in large-scale AI model deployment and infrastructure. For investors watching AI infrastructure, these moves help clarify where AMD (NasdaqGS:AMD) is...
The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +1.65%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.92%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.06%. June E-mini S&P futures (ESM26 ) rose +1.68%, and June E-mini Nasdaq futures...
The deal adds AI-driven flash storage optimization to AMD's data center portfolio as memory demand accelerates
Yahoo Finance Senior Reporter Brooke DiPalma comes on Market Domination to further discuss today's biggest headlines, including memory chip stocks like Micron Technology (MU) surging as Wall Street leans more bullish on the AI trade, oil prices (CL=F, BZ=F) moving closer to $80 per barrel on news of a US-Iran peace deal, and media giant Fox (FOX, FOXA) striking a deal to acquire Roku (ROKU) for $22 billion.
Advanced Micro Devices (NASDAQ:AMD) and Intel (NASDAQ:INTC) both reported Q1 2026 results that reframe how investors should think about the AI compute race. AMD posted a clean acceleration story powered by its Instinct and EPYC franchises. Intel delivered a noisy but improving turnaround quarter under CEO Lip-Bu Tan, with foundry traction and a surprise non-GAAP ... AMD vs Intel: Both Are Positioned for AI Data Center Growth But There Will Be Only One Winner
Advanced Micro Devices stock jumps Monday. The chip maker has made an acquisition to insulate it from rising memory costs.
Advanced Micro Devices is betting on AI-powered memory tech with MEXT acquisition to ease data center bottlenecks.
The growth of AI inference workloads in data centers is boosting demand for server CPUs, a market that's dominated by AMD and Intel.
Advanced Micro Devices stock jumps Monday. The chip maker has made an acquisition to insulate it from rising memory costs.
Advanced Micro Devices (AMD) stock has attracted fresh attention after recent trading performance, with the share price last closing at $511.57. Readers are watching how this valuation aligns with the company’s current earnings profile and growth metrics. See our latest analysis for Advanced Micro Devices. Recent trading has added to a period of strong momentum, with a 20.62% 1 month share price return and a 128.92% year to date share price return. This has been accompanied by a very large 1...
Top Analyst Backs AMD as Next-Generation AI Chips Take Center Stage
Chip stocks are leading a broad risk-on move at midday on Monday, June 15. Advanced Micro Devices (NASDAQ:AMD) stock is up 8% and just printed an intraday record near $558, pushing the company’s market value above $900 billion for the first time. NVIDIA (NASDAQ:NVDA) shares are climbing 4% to roughly $214, while Intel (NASDAQ:INTC) stock ... AMD Jumps 8% to a Record High, NVIDIA Climbs 4%, Intel Rises 3% in a Risk-On Chip Surge
Chip stocks rose broadly on Monday following an agreement to end the U.S.-Iran war. Big gainers included AMD and Micron.
AMD's Ryzen AI Halo developer platform is now available for $3,999, undercutting Nvidia's DGX Spark by $700 while offering support for running large AI models locally.
Marvell Technology Inc. CEO Matt Murphy says one of the most powerful things a leader can give another person is confidence, calling it the kind of support that can change the course of a life and career. Gifford's Confidence Helped...
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