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U.S. Stocks May See Initial Strength On AMD, OpenAI Deal

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Following the mixed performance seen during last Friday's session, stocks are likely to move to the upside in early trading on Monday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.3 percent.

Technology stocks may help lead an early advance, as reflected by the 0.9 percent jump being shown by the Nasdaq 100 futures.

Shares of Advanced Micro Devices (AMD) are soaring by 35.7 percent in pre-market trading after the chipmaker announced a 6 gigawatt agreement to power OpenAI's next-generation AI infrastructure across multiple generations of AMD Instinct GPUs.

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