Edition 372: 3 things investors need to know from last week!
This week’s market roundup covers GameStop’s CEO buying spree, Bitcoin’s renewed rally, and AMD’s historic $1 trillion milestone.
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AMD Crosses $1 Trillion as AI Chip Demand Fuels Rally: AMD surpassed a $1 trillion market capitalization for the first time after shares jumped 10%, extending a five-day rally that lifted the stock about 25%. Strong AI chip demand is driving growth, with data center revenue more than doubling year over year and AMD projecting further expansion.
Source: CNBC
Bitcoin Rebounds as Analysts Declare Crypto Winter Over: Bitcoin climbed back above $86,000 following a sharp rally, with analysts citing renewed ETF demand, short covering, and improving risk appetite. The broader crypto market also advanced, although total market capitalization remains well below its previous record as regulatory uncertainty persists.
Source: Yahoo Finance
CEO’s $26M Bet Sends GameStop Higher: GameStop shares jumped about 4% after CEO Ryan Cohen disclosed a $26 million purchase of roughly 1.1 million shares. The stock has gained about 30% over the past month, supported by debt reduction, improved quarterly profits, and gains tied partly to its eBay investment.
Source: Yahoo Finance
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