AMD Tops $1T, Nvidia, Meta Lead Nasdaq Record

Key Takeaways

• AMD surpassed a $1 trillion market cap for the first time, with its stock rising over 9% to a record high of $611.57, becoming the fourth U.S. chipmaker to reach this milestone after Nvidia, Broadcom, and Micron.
• The Nasdaq Composite hit a record high of 27,122.09 on September 21, up 2.26%, led by Nvidia, Meta, and AMD, following the Federal Reserve's 25 basis point rate hike on September 16.
• Meta's AI shopping assistant Muse was blocked from making purchases on Amazon, highlighting a growing clash between tech giants in the AI agent commerce space.
• Meta's stock rose 4.4% in pre-market trading, on track for its best day since October 2021, as its AI assistant Muse topped mobile app charts.
• Suno, an AI music company valued at $5.4 billion, released models licensed from Warner Music Group, BMG, and Believe, while the American Federation of Musicians sued Universal and Warner over unpaid musician royalties.
• Former President Barack Obama urged the government to regulate artificial intelligence quickly, comparing AI regulation to how airlines, drug companies, and food companies are treated.
• Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman have also called for AI safety measures.
• New York courts are addressing how AI records should be handled in legal discovery, requiring litigators to identify custodians, email systems, and messaging platforms early in a case.
• Speediance launched expanded AI tools including Votus for movement analysis, Oryn for training decisions, and Somni for long-term planning, along with new hardware like Gym Monster 3 and Speediance Strap.
• Hilton received 12,000 applications for 72 internship positions in 2026, with AI helping candidates apply more easily and creating a surge that recruiters struggle to manage.

AI stocks rebound after Fed rate hike as chip makers surge

After the Federal Reserve raised rates by 25 basis points on September 16, tech and chip stocks rebounded on September 17. Falling oil prices and lower Treasury yields eased pressure on high-value tech stocks. Nvidia, AMD, and Micron led the rally. Major cloud providers kept their AI spending plans intact.

AMD reaches $1 trillion market value amid chip stock rally

AMD surpassed a $1 trillion market cap for the first time on Monday. Its stock rose over 9% to a record high of $611.57. Intel and Micron also rallied strongly. The gain came as oil prices fell and Treasury yields eased. AMD is the fourth U.S. chipmaker to reach this milestone after Nvidia, Broadcom, and Micron.

Nasdaq hits record high as AI stocks and AMD surge

The Nasdaq Composite closed at a record high of 27,122.09 on September 21, up 2.26%. The S&P 500 and Dow also rose. Nvidia, Meta, and AMD led gains. AMD crossed $1 trillion in market value for the first time. Falling oil prices and lower Treasury yields helped lift the market.

Meta AI assistant Muse blocked from shopping on Amazon

Meta's AI shopping assistant Muse was blocked from making purchases on Amazon starting Sunday night. Users received error messages when trying to buy goods through the bot on Amazon. Amazon likely blocked Muse to avoid handling problems from bad AI-driven orders. This move highlights a growing clash between tech giants in the AI agent commerce space.

Meta stock set for best day in 13 months as Muse gains popularity

Meta's stock rose 4.4% in pre-market trading, on track for its best day since October 2021. The surge follows the popularity of its new AI assistant Muse, which topped mobile app charts. Amazon's decision to block Muse is seen as a sign that the bot threatens e-commerce. The Muse success has given investors new hope in Meta's future.

New York Courts Focus on AI Records Before Discovery Starts

New York courts are starting to address how AI records should be handled in legal discovery. Litigators must identify custodians, email systems and messaging platforms early in a case. Recent decisions are especially important in matrimonial litigation where AI is used in business valuation work.

Tencent Cloud and UTM Launch AI Hackathon in Malaysia

Tencent Cloud and Universiti Teknologi Malaysia signed a three-year MoU on August 18, 2026 to strengthen AI education. The AI CAN DO IT Hackathon ran from July 10 to August 13 and involved over 300 training and mentoring activities. Students used tools like WorkBuddy, CodeBuddy and Design Miora to solve real challenges from AmBank, JCorp, Silverlake and Arkie AI.

Speediance Expands Fitness Ecosystem With New AI Tools

Speediance announced expanded AI capabilities on September 19, 2026 including Votus for movement analysis, Oryn for training decisions and Somni for long-term planning. AEVIS connects these tools over time to adjust training based on recovery and lifestyle. The company also showcased Gym Monster 3, Gym Monster Ultra, Gym Nano and Speediance Strap hardware.

El-Sayed Criticizes Trump AI Rebrand as Inferior Intelligence

Senate candidate Abdul El-Sayed criticized President Donald Trump over his AI rebrand. El-Sayed responded to Trump's comments by calling the rebrand inferior intelligence. The exchange took place in Hunt Valley, Maryland on Saturday.

How APAC Companies Can Cut AI Costs Without Sacrificing Security

Asia Pacific firms are projected to outspend the world on AI but can reduce costs by filtering work before it reaches AI models. A GitLab security team lowered detection costs to about one dollar a day using layered rules and lightweight models. Human reviewers focus only on complex cases that automation cannot resolve.

Suno launches AI music models licensed from major labels

Suno, an AI music company valued at $5.4 billion, released models built with licensed music from Warner Music Group, BMG, and Believe. Rival Udio has deals with Universal Music Group and Warner. The labels are pitching AI as a new revenue stream for artists. However, payout terms, the number of participating artists, and musician input remain undisclosed. The American Federation of Musicians sued Universal and Warner, alleging recordings were used without paying musicians.

Obama urges government to regulate artificial intelligence quickly

Former President Barack Obama said the government should act fast to regulate artificial intelligence. He spoke at Colgate University and criticized the Trump administration for dismissing concerns about rapid AI development. Obama compared AI regulation to how airlines, drug companies, and food companies are treated. He encouraged voters to consider candidates' AI plans. Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman also recently called for AI safety measures.

Hilton receives 12,000 applications for 72 internship spots

Hilton received 12,000 applications for 72 internship positions, with only 0.4% of applicants accepted in 2026. The two-year rotational program is based in McLean, Virginia. Chief Human Resources Officer Laura Fuentes said AI is helping candidates apply more easily but creating a surge in applications that recruiters struggle to manage. For the 2027 cycle, Hilton has already received nearly 15,000 applications in less than a week.

Sources

• Why Did AI Stocks Rally After Fed Rate Hike? NVDA, MU, and AMD Lead Chip Sector
• AMD crossed $1T market cap as chip and AI stocks rally
• Nasdaq Hits Record High as AI Stocks Surge; AMD Tops $1 Trillion
• Meta's AI agent has been blocked from using Amazon.com
• META Stock Set For Best Day In 13 Months On Muse Popularity As Amazon Moves to Block It
• Before Discovery Begins, Map the AI Records
• Tencent Cloud and UTM Connect Malaysia's Emerging AI Talent with Real-World Industry Challenges
• Speediance Broadens Its Fitness Ecosystem With Expanded AI Capabilities and Connected Hardware
• Senate seeker El-Sayed jabs Trump over AI rebrand: 'Inferior Intelligence'
• Tokenmaxxing won't fly in APAC. How to shrink AI spend without limiting security
• Suno made a new AI music model with major labels. Here's what it means
• Obama says the government should ‘act fast’ and regulate AI
• Hilton gets 12,000 applications for 72 internships: Is AI reshaping Gen Z’s job race?