Stocks Defy AI Bubble Chatter as AMD Powers Rally | Closing Bell
October 6, 2025
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10:33Now PlayingStocks Defy AI Bubble Chatter as AMD Powers Rally | Closing Bell
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as posted by the channelComprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. A rally in chipmakers sent stocks to all-time highs as Advanced Micro Devices Inc.’s deal with OpenAI added fuel to the artificial-intelligence frenzy that has powered Wall Street. Bonds fell. The dollar rose.
With the bull market on track for its three-year anniversary, momentum shows few signs of abating. The S&P 500 climbed for a seventh straight session - the longest advance since May. AMD soared 24%. While giant Nvidia Corp. slid, a key gauge of semiconductors jumped about 3%. Tesla Inc. led gains in megacaps as a series of social-media posts teased the unveiling of a product.
Stocks rise on OpenAI-AMD deal.
Monday’s AMD deal is the latest big-budget data center agreement this year. It follows last month’s announcement that Nvidia was planning to invest as much as $100 billion in OpenAI amid demand for tools like ChatGPT and the computing power needed to make them run.
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