On this episode of Stock Movers:
- Advanced Micro Devices (AMD) shares rallied on Wednesday, extending gains in the wake of a chip sale agreement with OpenAI to more than 40% over a three-day winning streak. AMD's deal with OpenAI gives the chipmaker a chance to challenge Nvidia in the AI computing industry.
- Dell (DELL) shares rose after the announcement that the company roughly doubled its growth estimates for sales and profit for the next two years, citing demand for artificial intelligence products. Dell's "long-term financial framework" calls for sales to rise at a rate of 7% to 9% annually for the next four years, while earnings per share will increase 15% or more. Dell said that they also plan to release new products and focus on restoring growth and profitability to the consumer PC business.
- Fair Isaac (FICO) tumbled as much as 5.6% Wednesday, the most intraday since Aug. 1, after rival Equifax said its VantageScore 4.0 service will offer mortgage credit scores at $4.50 through the end of 2027.
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