AMD x Silo Merger! No More Trading For Congress? (7.11.24)

Prepping For The Next Move

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Simplify Wall Street
July 11, 2024

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AMD Acquisition

AMD to acquire Finnish startup Silo AI for $665 mln to step up in AI race

Silo AI

www.reuters.com/markets/deals/amd-acquire-Finnish-startup-silo-ai-665-mln-step-up-ai-race-2024-07-10

Acquiring Silo AI will help AMD improve the development and deployment of AMD-powered AI models and help potential customers build complex AI models with the company's chips, AMD said.

The key Question is, how does this acquisition increase revenue over time?

  • My thought process is that the research, data, and faster development access matter. It's an indirect impact on their revenue.

What about the Stock Price?

  • This looks good going into their earnings report pending for early August.

  • Big resistance near 183-185. The market is at all-time highs; does AMD follow?

  • I think it will take more than an acquisition to start treating 184 as support, but if the market assumes this acquisition will lead to more revenue or increase the product quality, we could see 200 trade before earnings.

Who is Silo AI? Find out below!

No More Trading For Congress?

Senators strike bipartisan deal for a ban on stock trading by members of Congress?

Senators strike bipartisan deal for a ban on stock trading by members of Congress

Nancy Pelosi dropped her resistance to a proposed ban on stock trading by legislators in 2022, allowing the policy push to pick up steam on Capitol Hill.

www.cnbc.com/2024/07/10/senators-strike-bipartisan-deal-for-a-ban-on-stock-trading-by-members-of-congress.html

Do you think Congress should be allowed to trade stocks and options?

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More Info:

  • A bipartisan group of senators reached a new agreement on legislation that would ban members of Congress from trading stocks.

  • The deal would forbid members of Congress their spouses and dependent children, as well as the president and vice president, from purchasing and selling stocks while in office.

  • The proposal is the latest chapter in a yearslong saga to limit lawmakers’ ability to play the stock market. Ethics experts say that legislators’ access to the kind of information they receive gives them the potential of having an unfair advantage to the investing public.

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