AMD Soars, Micron Rises, Verizon Falls After Replacing CEO
On this episode of Stock Movers:
- AMD (AMD) shares soar after the company signed a deal with OpenAI for AI infrastructure that could generate tens of billions of dollars in new revenue.
- Micron (MU) shares rise after Morgan Stanley upgraded the company to overweight from equal-weight saying the chipmaker is headed for multiple quarters of double-digit price increases.
- Verizon (VZ) shares fall after the company named Dan Schulman chief executive officer, replacing Hans Vestberg effective immediately. Vestberg will stay on through Oct. 4, 2026 to help ensure a smooth transition in leadership, including the integration with Frontier Communications.
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