Midday need to know: AMD & Anthropic partnership, Reddit slides & more
Complete. Here is the key summaryWall Street traded mixed as investors awaited tech earnings. Key developments include AMD and Anthropic announcing a strategic alliance with up to $5 billion in investment; AT&T surging on strong Q2 earnings and an expanded buyback plan; Amazon cutting jobs in its AGI division amid broader cost optimization; and Reddit considering restricting Google's AI training access, causing shares to slide.
Wall Street’s major market averages traded mixed on Wednesday, as investors geared up to assess earnings reports from major technology companies. Now, here are four news stories that broke in the morning to watch out for: AMD and Anthropic announce multi-billion dollar strategic alliance: Chipmaker AMD (AMD) and AI startup Anthropic (ANTHRO) signe...