News

AMD Stock Gains As New AI Deal Targets Critical Memory Bottleneck

Shares of Intel (NASDAQ:INTC) are down 7% at midday on Tuesday, while Advanced Micro Devices (NASDAQ:AMD) stock is sliding 6%. The pullback comes after a torrid multi-session rally in both names. Intel stock closed yesterday at $127.86, having climbed 18% over the past month. AMD stock ended Monday at $547.26, an all-time high. No fresh ... Intel Tumbles 7% Despite BoA Double Upgrade, AMD Slides 6% as AI Infrastructure Deal Can’t Stop Profit-Taking

Yahoo Finance's Julie Hyman takes a closer look at some of Tuesday's trending tickers and stories, including Yum Brands' (YUM) sale of Pizza Hut, Qualcomm's (QCOM) reported interest in acquiring an AI chip company, Robinhood (HOOD) cutting 10% of its workforce, and Rackspace's (RXT) job cuts.

Sister funds ARKQ and ARKX reported only sales on Monday, with no buys across the three Wood-managed ETFs that traded.

Rackspace Technology strikes a deal with Advanced Micro Devices to use AMD chips in its AI data centers.

Western Digital stock jumped again on Tuesday as the AI memory and storage trade reignited.

Western Digital jumped again on Tuesday as the AI memory and storage trade reignited.

Monday's sales follow a major liquidation last week that was used to fund purchases of SpaceX stock.

Recently, Zacks.com users have been paying close attention to Advanced Micro (AMD). This makes it worthwhile to examine what the stock has in store.

AMD, INTC, ARM, NVDA and QCOM are ramping AI server CPU efforts as agentic AI fuels a market projected to exceed $170 billion by 2030.

Rackspace announced an agreement with AMD for chips to power its data centers and to fund the project, the company is cutting 15% jobs across the board.

Deal targets costly data center bottlenecks for customers

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.

Major AI Compute Partnership Boosts Rackspace StockRackspace Technology (NASDAQ:RXT) shares surged 30% on Tuesday after the company announced a definitive agreement with AMD (NASDAQ:AMD) to deploy 30 megawatts of AI computing infrastructure powered by AMD technology. The deal formalizes the Memorandum of Understanding the two companies unveiled on May 7, 2026, and establishes AMD as a key strategic technology partner within Rackspace’s managed artificial intelligence platform.

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.

The chipmaker convinced Wall Street its recent growth was only the beginning, sparking a stock rally that never looked back.

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.