Keysight Rallies 23% on Tech Rebound After AMD’s $100B Meta Deal
Keysight Technologies shares surged 22.7% as part of a broad technology rebound after AMD secured a $100 billion, five-year deal to supply Meta with six gigawatts of data-center chips. The Nasdaq 100 gained 1.2% and software stocks rebounded, boosting investor risk appetite.
1. Broad Tech Rally Fueled by AMD-Meta Deal
Advanced Micro Devices secured a five-year, $100 billion infrastructure agreement to supply Meta Platforms with up to six gigawatts of data-center chips, sending AMD shares up 9% and lifting the Nasdaq 100 by 1.2%, as risk sentiment improved across technology segments.
2. Keysight Among Top Russell 1000 Gainers
Keysight Technologies jumped 22.7% to rank second among Russell 1000’s top five gainers, benefiting from the sectorwide rebound that also propelled software names like Salesforce and Adobe by over 4%, and contributing to a 1.5% recovery in the tech-software ETF.