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From AMD (NASDAQ:AMD)'s $8.2 billion bet on World Labs to a $2.34 billion grocery-REIT buyout and a rejected mega-bid in gold mining, Monday, September 28 delivered a burst of dealmaking even as stocks fell.
Hours after a bruising session for chip stocks, AMD (NASDAQ:AMD) bet roughly $8.2 billion in stock on Fei-Fei Li's World Labs, a sign the AI race is now as much about models and minds as silicon.
Accelevation is lined up to price its initial public offering around Wednesday, September 30, joining Oura and SIYATA PTT in a crowded end-of-quarter window that also featuresInflationdata, Micron (NASDAQ:MU)'sEarningsand the jobs report.
Nvidia (NASDAQ:NVDA) added $150 billion to its share repurchase program on Monday, September 28, lifting its total authorization to about $235 billion. Here is what that means, and what it does not.
Smart-ring maker Oura is set to price its initial public offering around Wednesday, September 30, and its size and consumer-tech profile make it the week's marquee listing, even as yields climb and stocks wobble.
Nvidia (NASDAQ:NVDA) rose on Monday, September 28, after unveiling the largest buyback increase ever, but the rest of big tech sank under rising yields, a chip-sector rout and a sharp fall in Meta (NASDAQ:META), dragging the Nasdaq lower.
● Nvidia (NVDA) closed at $228.86 on Monday, up from $225.07, while most other major chip stocks fell.
● Former MongoDB CEO Dev Ittycheria, who led the company from 2014 to 2025, returned as interim chief executive on Monday.
● Faraday Future (FFAI) closed at $1.40 on Monday, down 13.35%, after a Friday rally of about 23% to $1.61.
● Advanced Micro Devices (AMD) announced an $8.2 billion deal to acquire World Labs, the AI firm founded by Fei-Fei Li.
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