KEY TAKEAWAYS:
AMD surges nearly 27% after OpenAI chip deal announcement
Fifth Third- Comerica merger boosts Comerica stock 12.7%
Tesla rises 4.2% amid potential new product reveal
Global markets move: Japan jumps, France slumps after political changes
Wall Street is ticking toward more records on Monday, and technology stocks keep leading the way.
The S&P 500 added 0.4%, coming off its latest all-time high. The Dow Jones Industrial Average was down 117 points, or 0.3%, as of 12:50 p.m. Eastern time, and the Nasdaq composite was 0.7% higher.
Advanced Micro Devices helped lead the market and soared 26.9% after announcing a deal where OpenAI will use its chips to power artificial-intelligence infrastructure. As part of the deal, OpenAI could own up to 160 million shares of AMD