AMD CEO Defends Big Tech AI Spending

MRKT Matrix - Wednesday, November 12th

• Dow scores first close above 48,000, buoyed by expected end of government shutdown (CNBC)
• White House says October jobs and inflation data may never be released because of the shutdown (CNBC)
• US Wants to Start Easing Flight Cuts Within a Week Post-Shutdown (Bloomberg)
• The Fed Is Increasingly Torn Over a December Rate Cut (WSJ)
• Car Loan Delinquencies Hit Record for Riskiest Borrowers (Bloomberg)
• AMD stock soars 7% on strong growth projections as CEO Su calls AI spending ‘the right gamble’ (CNBC)
• The AI Boom Is Looking More and More Fragile (WSJ)
• Anthropic to spend $50 billion on U.S. AI infrastructure, starting with Texas, New York data centers (CNBC)
• Private equity group Vista to cut staff in favour of AI (FT)

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MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets

Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs