On this episode of Stock Movers:
- AMD (AMD) shares rise after the company said annual revenue growth will average more than 35% over the next three to five years. The total AI chip market, including accelerators, processors and networking products, will reach $1 trillion by 2030, AMD CEO Lisa Su said.
- Cisco (CSCO) shares gain after the company said results last quarter showed sales from AI projects picking up, and it has partnered with Nvidia Corp. to speed deployment of AI systems. Shares are up more than 20% this year, but prices are still below their peak in the dot-com era .
- JPMorgan (JPM) shares edge higher after news that President Donald Trump will host financial industry executives for dinner at the White House, an effort to bring the country's business elite behind his policies.
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