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S&P 500 hits new highs as AI fuels market rally
U.S. stocks climb on AI momentum with AMD-OpenAI deal, while global markets react to political shifts in Japan and France.
Trump administration eyes 10% stake in Intel amid US chip push
The Trump administration is negotiating a 10% stake in Intel by converting CHIPS Act grants. The move deepens U.S. government involvement in semiconductors as Trump pressures chipmakers to boost domestic production.
US will get a 15% cut of Nvidia and AMD chip sales to China under a new, unusual agreement
Nvidia and AMD have agreed to share 15% of their revenues from chip sales to China with the U.S. government, as part of a deal to secure export licenses for the semiconductors.
A rally for Apple leads Wall Street higher
Wall Street rose Wednesday with Apple jumping 6% ahead of a White House event. Strong earnings from McDonald's and Shopify helped lift stocks.
