Check out the companies making headlines before the bell: AMD — The chipmaker surged more than 23% following a deal reached by OpenAI and Advanced Micro Devices that could see the ChatGPT parent take a 10% stake in AMD. Comerica , Fifth Third Bancorp — Fifth Third Bancorp announced a $10.9 billion all-stock deal to buy regional bank Comerica, sending shares of the latter bank 12% higher. Fifth Third Bancorp’s stock shed 4%. Boeing — Shares ticked up nearly 1%, shortly after Bloomberg reported that the airplane maker plans to accelerate its production of jets in its 737 Max line. The company could reach a 42-jet output per month for its 737 Maxs as soon as October, the report said. Micron Technology — The memory storage stock popped 3.7% on the back of Morgan Stanley’s upgrade to overweight from equal weight. Morgan Stanley said to expect multiple quarters with price increases in the double digits. Tesla — Shares gained 2% after Tesla posted a teaser video on social media platform “X” that sparked speculation that the electric vehicle maker is ramping up the release of a new car. — CNBC’s Michelle Fox, Alex Harring and Liz Napolitano contributed reporting
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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