AMD said it will invest more than $10 billion in Taiwan, partnering with ASE, Powertech, Inventec and Sanmina, with a focus on advanced packaging capacity for AI chips.

AMD shares fell to an intraday low on July 24 and were down 4.72%, according to market data from BIT (bit.com), after having risen as much as 0.66% earlier in the session. The stock move came as AMD CEO Lisa Su said the company had unveiled the Helios AI server rack system. Su added that Helios has fully entered production and is about to begin shipping. She also said the MI450 AI accelerator will be the highest-performing AI accelerator in the industry. The update combined a sharp reversal in AMD’s share price with fresh product comments from the company’s chief executive.

AMD CEO Lisa Su said on July 24 that the artificial intelligence accelerator market is expected to reach $1.4 trillion by 2030. AI accelerators are specialized chips built for AI workloads, including matrix operations used in deep learning, and are designed to handle large-scale parallel tasks with much higher efficiency and energy performance than traditional CPUs. Mainstream products in the segment include Nvidia GPUs and custom ASICs made by companies such as Broadcom. These chips form the core compute layer behind the training and inference of large language models and other advanced AI systems. The comments point to the scale AMD expects for demand in specialized AI hardware over the rest of the decade.

U.S. stocks closed lower overnight as investors turned more defensive under a three-part pressure mix: rising oil prices tied to tensions around the Strait of Hormuz and the Red Sea, renewed inflation and rate worries in the bond market, and growing concern that big AI companies are spending faster than cash flow can support. Brent crude climbed above $96 a barrel and WTI approached $88, both reaching six-week highs. At the same time, the 30-year U.S. Treasury yield rose to about 5.14% and stayed above 5% for a 13th straight session, reviving talk of “bond vigilantes” as investors demand higher compensation to hold long-term debt. The earnings backdrop added another layer of stress. Alphabet and Tesla both reported revenue above expectations, yet each saw free cash flow turn negative while raising or defending heavy investment plans, triggering after-hours share declines. Market leadership continued to narrow toward AI infrastructure names tied to chips, servers, networking and power equipment. AMD, Broadcom and Super Micro Computer outperformed, while parts of software and several megacap technology names weakened. Investors are now watching a packed calendar that includes the European Central Bank decision, U.S. jobless claims, AMD’s Advancing AI event and Intel’s earnings call.

Bitget UEX’s July 23 market note pointed to a risk-off tone spreading across assets after U.S.-Iran tensions pushed crude higher and lifted expectations for a Federal Reserve rate hike in September. CME’s FedWatch tool showed the probability of at least one hike before the September meeting nearing 80%, a backdrop that supported safe-haven demand for gold and, to a lesser extent, the dollar while weighing on risk assets. In commodities, WTI and Brent both advanced sharply, and spot gold and silver also firmed. In crypto, BTC slipped to about $66,199 and ETH held near $1,937, while total crypto market capitalization fell to roughly $2.33 trillion. Bitcoin spot ETFs still recorded a seventh straight day of net inflows, though the pace slowed. The report also highlighted a liquidation cluster above current BTC prices, suggesting a move through $66,500 could trigger short covering. U.S. equities closed mixed to lower, with the Nasdaq under the most pressure. Semiconductor names outperformed, but software and parts of consumer tech lagged. Bitget UEX said strong revenue from Alphabet and Tesla did not settle investors, as higher capital spending and negative free cash flow sharpened concerns about the pace of cash burn. The note also reviewed earnings from Texas Instruments, ServiceNow and IBM, and flagged several market catalysts on the calendar, including Intel earnings, comments from Trump, and AMD’s Advancing AI event.

A New York Times investigation reveals the CIA briefed Tim Cook, Jensen Huang, and other tech leaders in 2023 about China’s potential military action against Taiwan before 2027. Loss of Taiwan’s chip supply would cause an 11% U.S. GDP drop—double the 2008 crisis. TSMC is investing heavily in Arizona but capacity remains limited.

U.S. equities rebounded Tuesday, ending a three-session losing streak, with the Dow Jones Industrial Average up 0.74%, the S&P 500 up 0.89%, and the Nasdaq Composite gaining 1.29%. The move was led by technology shares, especially semiconductors and AI hardware names, after some of the market’s hardest-hit momentum stocks bounced sharply. Still, the broader tone stayed cautious. BTIG strategist Jonathan Krinsky said the advance looked less convincing beneath the surface because market breadth remained weak and trading volume was light. Goldman Sachs noted that high-volatility tech stocks had fallen as much as 33% in a short period, leaving the group deeply oversold and vulnerable to short covering. Goldman and UBS said the momentum selloff may be nearing its end, while BTIG argued the rebound was approaching resistance. At the same time, rising geopolitical tension between the U.S. and Iran pushed Brent crude back above $91 a barrel and WTI above $85, reviving inflation concerns and sending Treasury yields higher. In equities, memory-chip names led the surge: Micron rose 12.17%, SanDisk 14.27%, SK Hynix 13.75%, Western Digital 12.51%, and Seagate 11.14%. Investors also tracked tariff signals from Washington, upcoming earnings from Tesla and Google, and a major share lockup event approaching for SpaceX.

Bitget UEX’s July 22 market note said U.S. equities staged a sharp rebound after a multi-session pullback, led by memory and semiconductor shares, while gold, silver and crude oil all moved higher at the same time. In crypto, Bitcoin traded around $66,666 and Ether near $1,940, with spot Bitcoin ETFs posting a sixth straight day of net inflows. The report highlighted a dense long-liquidation zone at $65,500 to $66,000 and a sizable short-liquidity pocket between $67,500 and $69,000, leaving traders focused on whether BTC can break above $67,000 and push through the broader $68,000 resistance area. The note also pointed to a packed earnings schedule for July 22, with Alphabet, IBM and Tesla set to report after the bell, making corporate guidance a key near-term signal for AI spending, cloud growth, Robotaxi progress and overall risk appetite. Beyond equities and crypto, the report tracked fresh developments across ETFs, listed Bitcoin treasury companies, Circle’s earnings date, Korean market regulation and Morgan Stanley’s latest Bitcoin accumulation.