AMD(US:AMD) ZACKS·2025-10-24 16:50Market Overview - US stocks opened higher, indicating a potential second consecutive winning week, following President Trump's confirmation of a meeting with Chinese President Xi, which alleviated trade tensions [1] - The volatility index (VIX) surged last week but has since dropped about 40% from its intraday peak, a bullish sign as October concludes [5][7] Earnings Reports - The third-quarter earnings season has started positively, with 99 S&P 500 companies reporting a total earnings increase of 13.7% year-over-year and an 8.2% rise in revenues, with nearly 87% surpassing EPS estimates [2] Trade Relations - Optimistic comments from US government officials, including Treasury Secretary Scott Bessent, suggest upcoming trade talks between the US and China, following a "constructive" virtual meeting with Chinese Vice Premier He Lifeng [3] - President Trump has shifted his stance on tariffs, calling the "100% tariff" threat on China "unsustainable," and has outlined key agenda items including rare earths and soybeans [4] Inflation Data - The Consumer Price Index (CPI) for September showed a year-over-year increase of 3.0%, slightly below expectations of 3.1%, indicating lower-than-expected inflation [10] Stocks to Watch - Advanced Micro Devices (AMD) reached a new all-time high, up over 5% in early trading, driven by a partnership with Open AI, resulting in a more than 50% increase over the past month [12] - Vertiv Holdings (VRT) reported third-quarter earnings of $1.24 per share, a 24% positive surprise compared to consensus estimates, with revenues of $2.68 billion exceeding projections by 3.6% [13]