Finance

Advanced Micro Devices achieved a major financial milestone as its market capitalization crossed the $1 trillion threshold. Shares of the semiconductor giant surged roughly 10% during the session, fueled by ongoing optimism surrounding artificial intelligence hardware demand and signs of growth across the industry.

Global stock markets found relief as both crude oil prices and government bond yields eased from recent highs. U.S. crude dropped 4.5% to settle around $95.78 per barrel, while the 10-year Treasury note yield pulled back from the critical 5% technical threshold to close near 4.95%.

Cryptocurrencies staged a powerful rebound, with Bitcoin climbing past $85,000 to reach its highest level since January. The digital asset successfully shrugged off recent macroeconomic pressures, including a Federal Reserve interest rate hike and the Senate's failure to pass the Clarity Act, triggering massive short liquidations across the market.