Closing Bell
Closing Bell Overtime: AMD CEO Lisa Su On New AI Chip, Growing Market Share 10/10/24
Oct 10, 2024
Lisa Su, the CEO of AMD, shares insights on the cutting-edge MI325X AI chip, aimed at rivaling NVIDIA while enhancing customer efficiency. Stephanie Drescher, from Apollo Global Management, discusses the surging interest in private market investments and emerging opportunities. Mike Santoli offers a look at the banking sector's current stability, and analysts like Steve Sosnick and Craig Irwin weigh in on market trends, including Tesla's ambitious robo-taxi initiative and its implications for future technology sectors.
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Quick takeaways
- AMD's new AI chip MI325X aims to outperform NVIDIA by enhancing performance while reducing infrastructure costs significantly.
- The upcoming earnings season is crucial as bank performance forecasts indicate a slowdown, impacting market stability and guidance on recovery.
Deep dives
Inflation and Employment Data Impact Markets
Market dynamics have recently been influenced by inflation and employment data, with hotter-than-expected Consumer Price Index (CPI) figures raising concerns. Despite an uptick in job claims, attributed partly to hurricane impacts, the market responded by shifting focus towards employment numbers. Analysts note that while the Fed may not rush to cut rates immediately, overall economic strength is crucial for future stock performance. The earnings season, particularly for banks, will provide further insights into market stability as expectations have lowered for earnings growth.
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