AMD-OpenAI deal, Fifth Third & Comerica, stock highs: 3 Things | | StockXpo

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AMD-OpenAI deal, Fifth Third & Comerica, stock highs: 3 Things

Published: Monday, October 6, 2025 · 1:08 PM  |  Updated: Monday, October 6, 2025 · 1:08 PM

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🗝️ Key Points

  • 00:00 Speaker A Let's get to the three things you need to know today.
  • First up, AMD scores a big win in its race to catch up to Nvidia thanks to Open AI.
  • 00:08 Speaker A The two companies reaching a deal that could have Open AI taking a 10% stake in AMD.

00:00 Speaker A

Let’s get to the three things you need to know today. First up, AMD scores a big win in its race to catch up to Nvidia thanks to Open AI.

00:08 Speaker A

The two companies reaching a deal that could have Open AI taking a 10% stake in AMD. It’s part of a massive computing partnership, a collaboration on AI data centers, with Open AI committing to purchase 6 gigawatts of AMD’s Instinct graphics processing units or GPUs.

00:23 Speaker A

That’ll take place over several years and across multiple generations of hardware.

00:28 Speaker A

And it’s a merger Monday on Wall Street. Fifth Third Bank Corp acquiring Comerica in an all stock deal valued at $10.9 billion.

00:34 Speaker A

This tie up between the two regional banks will create the country’s ninth largest bank with $288 billion in assets. Shares of Comerica surging on the news, Fifth Third shares under pressure.

00:45 Speaker A

And the corporate news helping lift the broader markets this morning as the US government shutdown showing no end in sight, but that’s not weighing on investors.

00:52 Speaker A

The Dow and S&P 500 set to open at new all-time highs.

00:55 Speaker A

And we’re also seeing record-breaking moves in both gold and Bitcoin. Over the weekend, Bitcoin topping $125,000, and gold also moving higher into fresh record territory.

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