Governent Shuts Down And Records Continue

Company Developments - Advanced Micro Devices (AMD) announced a multi-year deal to supply artificial intelligence chips to OpenAI, which has the potential to generate billions of dollars in revenue for AMD. OpenAI also has the option to purchase up to 10% of AMD [5]. - AMD's stock surged more than 20% in premarket trading following the announcement of the deal with OpenAI [5]. Market Trends - The Dow and S&P 500 set records, marking the seventh winning week in the last nine, with the S&P 500 up 14.2%, the Dow up 9.9%, and the Nasdaq up 18% year-to-date [2]. - Investors are currently focused on the probability of a rate cut, viewing the government shutdown as a temporary political issue that is not significantly impacting market sentiment [3]. - The merger between Fifth Third Bank and Comerica, valued at approximately $10.9 billion, is contributing to a positive market outlook [5].