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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