AMD & Oracle deal, Nova Minerals jumps, new Jeep Grand Wagoneer

Here are some of the stories Wall Street is watching on Tuesday, Oct. 14. AMD (AMD) and Oracle (ORCL) announced an AI chip agreement. Nova Minerals (NVA) shares are jumping after revealing the White House has expressed interest in its Alaska mining project. Stellantis's (STLA) Jeep unit unveiled its latest Jeep Grand Wagoneer.

Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

Video Transcript

00:01 Speaker A

It's time for Yahoo Finance's market Minute. Stocks off session lows, the Dow turning positive in fact. Investors digesting escalating US-China tensions as well as big bank earnings.

00:10 Speaker A

AMD and Arm both higher despite declines in the broader market on AI optimism. AMD announcing a deal to deploy 50,000 GPUs for Oracle's cloud infrastructure, and the information is reporting that Arms in talks to design chips for Open AI.

00:23 Speaker A

Shares of Australian-based mining company, it's a small cap, Novo Minerals, exploding today on news that the White House asked the company to prepare briefs on its gold and mineral extraction sites in Alaska ahead of a meeting with President Trump and the Australian Prime Minister.

00:36 Speaker A

And Stelantis announcing an overhaul of its Jeep Grand Cherokee Wagoneer lineup as it looks to turn the brand around. Jeep CEO saying, quote, we confused our buyers, we confused our dealers. I'm here to tell you, we got the message. We're fixing it. Those shares off three and a half percent.

00:49 Speaker A

And that's your Yahoo Finance Market Minute.

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