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🔥 BIG: Meta to start manufacturing its in-house "Iris" AI chip in September, aiming to hit 14 gigawatts of compute capacity next year and cut reliance on Nvidia and AMD, per Reuters. https://t.co/oA3xX1RIb5 ...

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[music] >> I'm Jessica Ettinger. CNBC Wall Street opens Friday morning after a winning day for stocks. The AI trade gained steam while Iran tensions cooled.For many investors, the Dow was up 139 points. Cisco shares led it higher. They were up almost 4%.The S&P 500 index up 60 points. That was 8/10 of a percent. The Nasdaq was up 336 points.That was 1.3%. Chipmaker shares for the most part all higher. AMD up 5%, Micron up 4%.Nvidia was in the red, down a half a percent. The Carson Group's Ryan Detrick tells ...

The AMD Internship Program is extremely important because it's the way that we hire a significant proportion of the engineers into this company. They get to work with extremely skilled engineers and work on advanced technologies and products. The major thing that surprised me about working in AMD was how you're trusted to work independently.We have a very collaborative culture here at AMD where you're encouraged to ask questions and if you're stuck there's always going to be someone to help you. My first im ...