Microsoft said on Thursday it plans to offer its cloud computing customers a platform of AMD artificial intelligence chips that will compete with components made by Nvidia, with details to be given at its Build developer conference next week. Microsoft's clusters of Advanced Micro Devices' flagship MI300X AI chips will be sold through its Azure cloud computing service.
Reddit will give artificial intelligence startup OpenAI access to its data. Reddit stock jumped, moving toward an aggressive entry.
While Mag 7 stocks like Nvidia go AWOL, Core & Main again sees demand from top funds, lifting CNM stock into yet another buy zone.