AMD signs AI chip-supply deal with OpenAI, shares surge 34%

AMD said on Monday it will supply artificial intelligence chips to OpenAI in a multi-year deal that would bring in tens of billions of dollars in annual revenue and give the ChatGPT creator the option to buy up to roughly 10% of the chipmaker.

Private banks, consumption and metals drive optimism amid earnings season

Market experts are closely monitoring private banks for structural growth, expecting them to outpace the industry. Consumption plays are set to benefit from GST rationalization, while metals exhibit strong domestic volume growth and attractive valuations. The IT sector also presents appealing valuations, with earnings growth anticipated as macro factors remain constructive for overall economic acceleration.

Probal Sen sees stronger balance sheets, better margins for OMCs

OPEC’s tempered approach to output helps control global oil prices. This action provides market stability. Demand estimates remain uncertain, with US inventory builds noted. Price stability is likely for the near to medium term. Indian oil marketing companies benefit. They show solid earnings and stronger balance sheets. Valuations suggest adding positions in these stocks.

Pharma tariffs and value retailers: Sudip Bandyopadhyay shares market outlook

Sudip Bandyopadhyay advises caution in pharma due to US tariff uncertainties, recommending domestic-focused companies like Mankind Pharma for growth. He also anticipates a strong Q3 for value retailers, including V-Mart, driven by rising incomes and festive demand. Overall, domestic sectors offer safer growth amidst global volatility.

Apollo Hospitals, Max Healthcare, Fortis rise up to 5%. Here’s why

Hospital stocks surged up to 5% on Monday, October 6, after the government revised rates under the Central Government Health Services (CGHS) Scheme for nearly 2,000 medical procedures, effective October 13. This marks the first major update in over a decade, addressing complaints from empanelled hospitals that outdated rates previously discouraged them from offering cashless […]