Stock Movers AMD Higher, BlackRock Falls, Uber Lower After Baidu Partnership
Jul 15, 2025
AMD sees a surge in its stock as it resumes AI chip sales to China, buoyed by government assurances. Meanwhile, BlackRock experiences a dip despite a record $12.5 trillion in assets, influenced by market volatility. Uber faces challenges with its stock declining, even as it partners with Baidu to introduce robotaxis in various global markets. The podcast explores these dynamic shifts in the stock market and the implications for major companies.
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AMD Shares Benefit From Regulatory Change
- AMD shares rose over 6.5% as US regulations eased for AI chip exports to China.
- Nvidia experienced similar benefits, recovering from export restriction losses.
BlackRock Shares Fall on Earnings Miss
- BlackRock shares fell about 6% after Q2 results missed key revenue and performance fee estimates.
- Despite a record $12.5 trillion in assets under management, recent numbers disappointed investors.
Uber-Baidu Robotaxi Partnership
- Uber shares dropped slightly despite announcing a partnership with Baidu to launch robotaxis outside the US and China.
- The move aims to expand autonomous ride services in Asia, the Middle East, Europe, and Oceania.