AT&T Rises, Eli Lilly Jumps, AMD Higher After IBM Partnership
On this episode of Stock Movers:
- AT&T (T) shares rose after the company agreed to buy spectrum licenses from EchoStar for about $23 billion. AT&T said the acquisition will strengthen the company’s ability to deliver 5G and fiber services across the US.
- Eli Lilly (LLY) shares jumped after the company shared their obesity pill helped patients lose 9.6% of their body weight in a trial. It's the second trial; the first was conducted earlier this month and disappointed investors who had been expecting higher weight loss and lower rates of side effects.
- AMD (AMD) shares rose after the company announced plans to partner with IBM to develop next-generation computing architectures based on the combination of quantum computers and high-performance computing -- also known as quantum-centric supercomputing. Teams planning an initial demonstration later this year to show how IBM quantum computers can work in tandem with AMD technologies to deploy hybrid quantum-classical workflows
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