
AI-generated summary
AMD reported Q2 revenue of $11.54 billion, marking a 50% increase year-over-year. The growth was significantly bolstered by the Data Center unit, which saw sales rise by 107%.
Advanced Micro Devices stock surged 9% on Monday, pushing shares to a record high and topping a $1 trillion market cap benchmark for the first time.
The chip giant's shares hit an intraday high of $613.92, which boosted the company's value just above $1 trillion.
AMD is riding a five-day winning streak, during which shares have gained about 24%. The recent rally has been a welcome sight for investors, who saw the stock fall last month after the company reported second-quarter earnings that beat expectations.
The company reported revenue of $11.54 billion during Q2, up 50% from $7.69 billion a year ago, and its artificial intelligence chips were at the heart of that growth. AMD's Data Center unit reported sales of $6.7 billion, up a whopping 107% from a year ago.

The Saudi Ministry of Energy denied the validity of the statement of Iraqi Oil Minister Bassem Muhammad Khudair al-Abadi, who claimed that the Kingdom had purchased 25 oil tankers worth $4.5 billion, and linked this to the high cost of transporting Iraqi oil, stressing that the rise in transportation costs is due to regional factors such as military escalation, Iranian attacks on ships, and navigational disturbances in the Strait of Hormuz.

Ilya Berdnikov has been appointed as the new general director of the Auchan Retail Russia trading network from September 19, 2026, replacing Asya Balabai, who will continue to work as executive director. The appointment occurred in the context of the decree of Russian President Vladimir Putin on the transfer to temporary management of the Russian assets of Auchan, Nestle and FM Logistic.

Royal Caribbean is nearing a $3 billion deal to acquire a 50% equity stake in Sandals, valuing the resort chain at $6 billion, according to an anonymous source. The deal would diversify Royal Caribbean beyond cruises into all-inclusive resorts and boost growth for both companies, though talks remain ongoing and may not conclude. Royal Caribbean shares fell roughly 6% on the news, extending a 25% decline over the past year due to softer demand for European sailings.

The head of the Russian Ministry of Agriculture, Oksana Lut, stated that Armenia’s ability to export products to Europe depends on the competitiveness and quality of the goods, noting that she wishes good luck to Armenian producers. Earlier, Rosselkhoznadzor, from June 12, limited the import and transit of regulated products from Armenia to the EAEU countries due to insufficient quality control by manufacturers.

Animoca Brands and Currenc Group have suspended merger talks after failing to reach definitive terms by the agreed deadline, citing evolving market conditions and misaligned timelines; Currenc gains flexibility to pursue financing while preserving the option to restart negotiations later.

Berkshire Hathaway has acquired a 10% stake in homebuilder Lennar through purchases of nearly 2.7 million Class A shares over three trading days, bringing its total holding to 23.7 million shares worth $1.8 billion. The investment, described as a classic value play by a CFRA analyst, comes amid rising interest rates that have hurt housing affordability and caused Lennar's stock to fall over 32% in the past year. Lennar recently reported weak Q3 earnings and lowered Q4 guidance due to mortgage rate pressures, while Berkshire continues to expand its presence in housing and building materials through prior acquisitions like Taylor Morrison and Clayton Homes.