"Stocks were higher on the jump, with chipmaker Advanced Micro Devices ( Nasdaq: AMD) leading the charge. The chipmaker stock began rallying in pre-market trading and is holding its gains, soaring 8% as it inches closer to its 52-week high. However, wider market sentiment fizzled as the morning went on, with much of the Nasdaq Composite's gains dwindling to a whimper. Nvidia ( Nasdaq: NVDA) is a drag on the index, falling about 1%."
"AMD's rally comes on the heels of its earnings report in which CEO Lisa Su tossed around projections like AI data center peripherals ballooning to $1 trillion by 2030, which would in turn drive the company's revenue amid what she described as an "insatiable" craving for cutting-edge AI chips. Here's a look at the performance as of morning trading: Dow Jones Industrial Average: 48,292.86 (+0.76%) Nasdaq Composite: 23,473 (flat) S&P 500: 6,865.28 (+0.26%)"
"Nuclear stock Oklo ( NYSE: OKLO) is another gainer, rising 7.1% on the day on the heels of its quarterly earnings report. Oklo fell short of estimates but Wall Street remains bullish. Analyst firm Wedbush reiterated its "outperform" rating on OKLO stock with a $150 price target owing to the projected role of nuclear power in the AI era."
Advanced Micro Devices shares surged roughly 8% in pre-market trading as bullish AI data-center projections suggested sizable future demand for cutting-edge chips. Nvidia trimmed Nasdaq performance by falling about 1%, leaving overall Nasdaq gains muted despite strength in select names. Major indexes showed mixed moves: Dow rose about 0.76%, S&P 500 up roughly 0.26%, Nasdaq broadly flat. Nuclear company Oklo rallied 7.1% despite missing estimates, with analysts maintaining optimistic targets tied to nuclear power's potential in the AI era. Fintech Circle slid about 8% despite beating earnings, and Coinbase is relocating its headquarters from Delaware to Texas.
Read at 24/7 Wall St.
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