Gold Soars as ETFs Hit Record Inflows; AMD Surges on $100B OpenAI Deal; Tesla Sparks Hype with New Self-Driving Tech Teaser.
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Our AI analysis points to a predominantly bullish sentiment across market news this week, despite some bearish signals persist.
Our AI detects selective bullish momentum across key stocks, such as AMD, etc.
Here’s a breakdown of key stock events by our AI Event signal for today, 10/7.
The Must-Know News Stories for Today, 10/7.
Our AI cuts through the noise, saving you 15 minutes by delivering the heart of today’s events in seconds!
Forbes
BearishShortTermS&P 500Industry News
Gold ETF Inflows Break Records In September, Says World Gold Council
- Gold ETFs saw record inflows of $17.3 billion in September.
- North American investors led with $16.1 billion in inflows.
- Gold prices surged by 17% in Q3, peaking at $3,983 per ounce.
- Investor sentiment shifts towards gold amid equities reaching highs.
- Geopolitical risks and speculation on rate cuts support gold demand.
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Full ArticleInvestopedia
VeryBullishLongTermAMDCorporate Developments
Watch These AMD Price Levels as Stock Continues Surging on OpenAI Deal
- AMD shares hit a 19-month high after a deal with OpenAI.
- OpenAI plans to purchase several generations of AI chips from AMD.
- AMD is projected to net over $100 billion in revenue from the deal.
- Stock has risen 77% this year, surpassing Nvidia's 40% growth.
- Investors should monitor price levels around $227 and $272 for future movements.
CNBC
BullishShortTermTSLACorporate Developments
Tesla releases driver assist tech update ahead of expected major unveiling
- Tesla reveals full self-driving tech but seeks bigger news.
- New product teaser raises investor anticipation for game-changers.
- Shares jumped 5% amid speculation of additional-model announcements.
- Sales slump driven by competition and consumer backlash against Musk.
- Musk's stock purchase boosts confidence amid uncertainty.
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