📈 Stocks / Finance

AMD jumps 3.5% as AI chip price hike signals strong demand

Yahoo Finance

AMD stock rose 3.5% after plans surfaced to raise its MI350 AI chip price from $15K to $25K. Analysts see the move, plus momentum from the new MI355X GPUs, as bullish ahead of AMD’s Q2 earnings. Q3 GPU sales are forecast at $1.65B despite China export limits.

Tesla rises on $16.5B AI chip deal with Samsung

Trading View

Tesla shares jumped 3% after announcing a $16.5B chip supply deal with Samsung through 2033. Samsung’s Texas fab will produce AI6 chips, supporting Tesla’s Robotaxi and Autopilot plans. Analysts expect the pact to reduce cost volatility and strengthen AI capabilities.

UnitedHealth stock under pressure ahead of earnings report

Investopedia

UnitedHealth shares are down nearly 45% YTD as it faces DOJ billing investigations and lowered profit guidance. Q2 revenue is expected to rise 13% to $111.88B, but EPS may drop to $4.64. Analysts remain mostly bullish, with a $379 price target, over 30% above current levels.

🪙 Crypto

PayPal launches crypto payment option for merchants

CBS News

PayPal will allow businesses to accept over 100 cryptocurrencies via its new “Pay with Crypto” service, auto-converting payments to fiat or PYUSD. The rollout aims to lower cross-border fees and boost adoption following the GENIUS Act’s stablecoin regulation.

🌎 Global Economy

US-China restart tariff truce talks amid looming August deadline

The Business Standard

US and Chinese officials will meet in Stockholm to extend a 90-day tariff truce before the August 12 deadline. A failure to agree could trigger triple-digit US tariffs, disrupting global supply chains. Talks may also pave the way for a Trump–Xi meeting later this year.

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