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Wall Street closed the week riding a semiconductor rebound that pushed the AI infrastructure trade back into favor, even as a spike in Treasury yields tested the rally’s staying power. Advanced Micro Devices Inc. (NASDAQ: AMD ) supplied the week’s biggest milestone. Shares surged as much as 10% on Monday, pushing the c
Jane Street is reportedly seeking to refinance roughly $11 billion of debt through a private credit deal involving investors including PIMCO, which could support further investment in artificial intelligence (AI) infrastructure. Private Credit Deal Could Fuel AI Expansion The trading firm is discussing moving its debt
Meta Platforms Inc. (NASDAQ: META ) is reportedly in talks with Samsung Foundry of parent Samsung Electronics Co Ltd. (OTC: SSNLF ) for manufacturing its forthcoming AI chips, in a deal valued at over 10 trillion won ($6.53 billion). Samsung Foundry is likely to be responsible for the production of Meta’s proprietary A
Meta considers entering cloud computing market if data center spending exceeds needs. Potential new revenue stream for the company.