AMD(US:AMD) Zheng Quan Shi Bao·2025-10-09 00:17Market Overview - On October 8, U.S. stock indices closed mixed, with the Dow Jones slightly down, while the Nasdaq and S&P 500 reached new historical highs, with the Nasdaq closing above 23,000 for the first time [1][2] - The Dow Jones fell by 1.20 points to 46,601.78, the Nasdaq rose by 255.02 points (1.12%) to 23,043.38, and the S&P 500 increased by 39.13 points (0.58%) to 6,753.72 [1] Federal Reserve Insights - The Federal Reserve's September meeting minutes revealed internal disagreements regarding the extent of future interest rate cuts, with officials expecting two rate cuts by the end of 2025 [2][3] - The minutes indicated a strong inclination among Fed officials to lower rates due to a weak labor market, but there was divergence on whether to implement two or three cuts within the year [3] Government Shutdown Impact - The U.S. government shutdown entered its second week, with the Senate failing to pass competing temporary spending bills, which could pose greater risks to market sentiment if prolonged [3] Sector Performance - In the S&P 500, seven out of eleven sectors rose, with the technology and industrial sectors leading gains at 1.52% and 0.85%, respectively [6] - Major tech stocks saw significant increases, with AMD rising over 11% and achieving a three-day cumulative increase of 43% [5][7] AMD Developments - AMD's stock closed up 11.37%, reaching a historical high with a trading volume of $35.535 billion, following a four-year partnership with OpenAI to supply AI chips, expected to generate hundreds of billions in revenue [7] - Nvidia also saw a rise of 2.2%, driven by increased demand and CEO Jensen Huang's positive outlook on the company's investments in AI startups [7] Financial Sector Trends - The financial sector experienced a downturn, with major banks like Wells Fargo, Goldman Sachs, and JPMorgan falling over 1% [8] - Energy stocks also faced declines, with companies like Apache and ConocoPhillips dropping over 1% [8] Chinese Stocks Performance - Chinese stocks listed in the U.S. mostly rose, with the Nasdaq Golden Dragon China Index increasing by 0.87%, led by NIO and Futu Holdings, which both rose over 4% [8]