The Federal Reserve announces its decision on interest rates, and AMD releases a new GPU chip to challenge Nvidia. Here’s what investors need to know today.

1. The Fed is expected to keep rates unchanged

For the first time since rate hikes began in March 2022 Federal Reserve System he is expected to leave interest rates unchanged when it announces the outcome of today’s meeting at 2:00 PM ET. Even if the Fed leaves rates at 5-5.25%, investors will look to the Fed’s policy documents for signals on how it will handle interest rates at its next meeting in July. Also today, USA Producer Price Index producer prices are expected to have fallen 0.1% last month when an inflation gauge is released at 8:30 a.m. ET.

2. AMD launches new AI GPU chip

Advanced Micro Devices (AMD) said it will begin shipping its new Artificial Intelligence (AI) GPU chip later this year and will introduce a challenge for nvidia and its dominance of an 80% share of the AI ​​chip market. AMD CEO Lisa Su told investors and analysts that AI is the company’s biggest and most strategic long-term growth opportunity. AMD shares rose more than 2% in premarket trading.

3. Amid a string of stock wins, Tesla raises the price of the Model Y slightly

Tesla (TSLA) slightly raised the price of its Model Y electric vehicle in the US, with the website reflecting a $250 increase to $47,740. It’s the third time Tesla has raised the price of the Model Y since April 19, when the EV automaker reduce prices on some models. Tesla shares rise for 13 straight days longest winning streak for the stock and in premarket trading rose more than 1%.

4. Shell raises dividend, announces $5 billion share buyback

Shell shares (SHEL) traded more than 1% higher premarket after the company said it would increase its dividend by 15% while boosting natural gas production. In addition to the dividend increase that will occur this quarter, Shell said it will buy back $5 billion in shares in the second half of 2023.

5. Google launches new AI products for ad tech

Google will launch two new AI-based features for its ad tech business to help users find the best ad placements across the company’s brands. Testing shows the technology helps brands get 40% more video views on average, the company said. Shares in Google’s parent company Alphabet (GOOGLE) were 0.3% lower in pre-market trading.