CNBC Business News Update - Market Open: Stocks Higher, AMD Shares Lead Tech Trade Comeback, Google Sues Chinese Cyber Criminal Group 11/12/25

Episode Date: November 12, 2025

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored by CNBC's Jessica Ettinger. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

I'm Jessica Eddinger, CNBC, major averages all in the green out of the gate this morning. AMD leading the pack. The Dow is up 311 points, more than a half percent. It's on pace for its fourth winning day in a row today. The S&P 500 index up 21 points out of the gate this morning. The NASDAQ up 56 points. The Dow, by the way, notching a fresh record high today. AMD shares leading a bit of a tech trade this morning. A little comeback, CEO Lisa Sue telling CNBC that AI demand is insatiable. She sees 35% annual sales growth ahead. Computing is a limiting factor in how much people can adopt AI.

And you can see that in a number of different places. And so, yes, you have to invest ahead of the curve so that you can get the entire user base on there. But if you just take a look at the growth in users, not just at OpenAI, but across the entire AI ecosystem, we're seeing that growth, and we're seeing that growth because there is true productivity coming at the other end of it. And from that standpoint, you know, I think we are all, like I said, we're disciplined business people, but we see an incredible opportunity in front of us. Google suing the cybercriminal group behind the postal service and easy pass text fishing scams. The group is largely based in China. Mortgage demand from homebuyers

last week hit his highest since September, even with rising mortgage rates. The average rate on a 30-year fixed home loan is about 6.3% today, according to Mortgage News Daily. And some experts say it may be because sellers are dropping their prices. No mega-million's winner last night. Friday night's jackpot is $960 million. Jessica Eddinger, CNBC. This December, CNBC opens its doors for an exclusive of in-person experience at the iconic NASDAQ market side in New York City. Fast Money Live, trading the holidays. December 11th. Get your tickets now at CNBC Events.com slash fast money.