Diamonds and Dogs
A dog yesterday and a diamond today. Chipmaker, AMD (AMD) is jumping 8% today after dropping 8% yesterday on lackluster earnings. Today news broke that Microsoft will work and help finance AMD's expansion of AI chips processors. The two companies will team up to provide an alternative to Nvidia's AI chips.
Regional banks can't get out of their way. PacWest (PACW) is down 45% as They explore strategic alternatives, Western Alliance (WAL) is down 34% on similar rumors which they denied. First Horizon (FHN) is down 32% as TD Bank has terminated their merger with no reason. Another ugly day for the banks.
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