Core Insights - Advanced Micro Devices Inc. (AMD) shares increased by over 6% following reports that IBM can utilize AMD's chips for quantum computing algorithms [1][2] - IBM's upcoming paper will demonstrate the capability of running a quantum error-correction algorithm on AMD's field-programmable gate array chips [2] - The collaboration between AMD and IBM aims to develop quantum computing technologies, with IBM planning to launch a quantum computer by 2029 [2] Company Developments - AMD's stock performance was positively impacted by the news of its chips being used in quantum computing [1] - IBM's stock also saw a gain of approximately 6% in response to the announcement regarding the use of AMD's technology [1] Industry Trends - The quantum computing sector is experiencing heightened interest, with major technology companies like Google, Microsoft, and Amazon actively developing their own quantum technologies [3] - Recent advancements in quantum computing, such as Microsoft's first quantum chip and Google's breakthrough Willow, indicate a competitive landscape [3] - Stocks of other quantum computing firms, including D-Wave Quantum, Rigetti Computing, and IonQ, also rose following the announcements in the industry [3]

Core Viewpoint - The Philadelphia Semiconductor Index experienced a 2.3% increase at the beginning of trading, indicating positive market sentiment towards semiconductor companies [1] Company Performance - AMD saw a significant rise of over 6% in its stock price [1] - Intel's stock increased by more than 5% [1] - Micron Technology's shares rose by over 3% [1] - Broadcom's stock experienced an increase of over 2% [1]

Year-to-date, AMD shares have climbed 90%, far outpacing the Philadelphia Semiconductor Index’s 32% gain. AI revenue now accounts for 21% of total sales, driven by rapid datacenter demand. Q2 revenue hit $7.69 billion, up 32% year-over-year, with Q3 guidance at $8.7 billion. IBM also adopted AMD chips for quantum computing, using FPGA processors to correct errors and accelerate computation. IBM noted these chips are cost-effective, boosting AMD’s credibility in next-generation technologies. Wall Street is ...

Market Performance - On October 24, U.S. stock markets opened higher, with all three major indices reaching historical highs during the session. The Dow Jones increased by 0.77%, the S&P 500 rose by 0.73%, and the Nasdaq Composite gained 1.00% [1] Technology Sector - Most large-cap tech stocks saw gains, with Google rising over 2%, Nvidia increasing by over 1%, and Amazon, Apple, Microsoft, and Meta experiencing slight increases. However, Tesla fell by over 2% [3] - Chip stocks collectively strengthened, with AMD surging nearly 7% to a record high, Intel rising nearly 6%, Micron Technology increasing by over 4%, Broadcom gaining over 2%, and TSMC rising over 1% [4][5] Chinese Stocks - Among popular Chinese stocks, Bilibili rose over 2%, Alibaba, Xpeng Motors, and iQIYI increased by over 1%, while Weibo, Li Auto, and NIO experienced declines [6] Economic Indicators - The U.S. Bureau of Labor Statistics reported that the core Consumer Price Index (CPI), excluding volatile food and energy prices, rose by 0.2% from August, which was below economists' expectations of 0.3%. This was primarily influenced by the smallest increase in housing costs since early 2021 [7] - The release of the September CPI report was delayed due to the federal government shutdown. The lower-than-expected reading is seen as a surprise, particularly for Federal Reserve officials concerned about further rate cuts. The market has fully priced in expectations for two 25 basis point rate cuts by the end of the year [7][9]

Market Performance - On October 24, U.S. stock markets opened higher, with all three major indices reaching historical highs. The Dow Jones increased by 0.77%, the S&P 500 rose by 0.73%, and the Nasdaq Composite gained 1.00% [1] - Major technology stocks mostly saw gains, with Google rising over 2%, Nvidia up more than 1%, and Amazon, Apple, Microsoft, and Meta experiencing slight increases. Tesla, however, fell over 2% [3] Technology Sector - Chip stocks in the U.S. experienced a strong rally, with AMD rising nearly 7% to reach a historical high, Intel increasing by nearly 6%, Micron Technology up over 4%, Broadcom gaining over 2%, and TSMC rising over 1% [5] - Specific stock performances included AMD at $251.337 (+6.96%), Intel at $38.644 (+1.27%), and Micron Technology at $216.165 (+4.57%) [5] Chinese Stocks - Chinese stocks listed in the U.S. showed mixed results, with Bilibili rising over 2%, Alibaba, Xpeng Motors, and iQIYI increasing by over 1%, while Weibo, Li Auto, and NIO saw declines [6] Economic Indicators - The U.S. Bureau of Labor Statistics reported that the core Consumer Price Index (CPI), excluding volatile food and energy prices, rose by 0.2% from August, which was below economists' expectations of 0.3%. This was primarily influenced by the smallest increase in housing costs since early 2021 [7] - The delayed CPI report, originally scheduled for October 15, was impacted by the federal government shutdown, but the BLS managed to release it to assist in calculating the annual cost-of-living adjustment for Social Security, which will increase by 2.8% next year [7]

Let's get the gym and start training. >> I'm talking to a lot of people who are Nvidia billionaires and and I'm thrilled. They're regular people.Maybe we should start thinking about Lisa sillionaires. Okay. So, this month in 2014, she came in.The company was worth two uh $2.5% billion and now it's worth $400 billion. And it's up again today. She stayed in PC.She moved aggressively into the data center. Lisa Sue is one of the greatest executives of all time. >> Yeah.I mean, Time named her CEO of the year. Th ...

Core Viewpoint - The article highlights that the recent U.S. inflation data for September has come in lower than expected, which has led to increased market expectations for the Federal Reserve to cut interest rates in the near future [2][3][5]. Inflation Data Summary - The U.S. Consumer Price Index (CPI) for September showed a year-on-year increase of 3%, below the market expectation of 3.1%, and a month-on-month increase of 0.3%, also below the expected 0.4% [3][5]. - The core CPI, which excludes food and energy prices, also rose by 3% year-on-year, lower than the anticipated 3.1%, and increased by 0.2% month-on-month, below the expected 0.3% [5][6]. Market Reaction - Following the CPI report, U.S. stock indices surged, with the Nasdaq rising over 1% to reach a historical high, while the Dow Jones and S&P 500 also set new records [2][9]. - Major tech stocks performed strongly, with AMD increasing over 7%, marking a historical high, and other semiconductor stocks also seeing significant gains [9]. Federal Reserve Expectations - Analysts suggest that the CPI data strengthens the case for the Federal Reserve to lower interest rates again in December, with traders betting on a cumulative rate cut of 120 basis points over the next 12 months [2][6]. - The report indicates that the Fed is likely to maintain a focus on softening employment data, even if core CPI remains above the 2% target [9][10]. Government Shutdown Impact - The article notes that the government shutdown has affected the timely release of economic data, with the Labor Statistics Bureau unable to collect necessary price information for October, complicating future policy decisions for the Fed [8][10].

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Core Insights - IBM has successfully demonstrated the ability to run a crucial quantum computing algorithm using standard chips from Advanced Micro Devices (AMD) [2] Group 1 - The demonstration highlights the versatility and applicability of IBM's quantum algorithm beyond specialized hardware [2] - Jay Gambetta, IBM's vice president overseeing quantum initiatives, emphasized the significance of this achievement for the future of quantum computing [2]

Core Insights - IBM has successfully executed a key quantum computing algorithm using commonly available chips from Advanced Micro Devices, marking a significant step towards the commercialization of advanced quantum computers [1] Company Developments - The collaboration between IBM and Advanced Micro Devices highlights the potential for integrating quantum computing with existing semiconductor technology, which could accelerate the development of practical quantum applications [1] Industry Implications - This advancement indicates a growing trend in the quantum computing sector, where leveraging existing technologies may lead to faster commercialization and broader adoption of quantum solutions in various industries [1]