Wall Street Breakfast

AMD rockets on OpenAI deal

12 snips
Oct 6, 2025
AMD secures a groundbreaking deal to supply six gigawatts of GPUs to OpenAI, potentially reshaping its revenue landscape. Fifth Third and Comerica have joined forces in a major $10.9 billion merger, setting the stage for the ninth largest bank in the U.S. Meanwhile, the Granny Shots ETF continues to soar, surpassing $3 billion in assets. Young Wall Street interns reveal that emotional intelligence is becoming crucial in navigating the AI-dominated future, blending tech with human insights.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Huge AMD-OpenAI GPU Commitment

  • OpenAI will deploy 6 gigawatts of AMD GPUs across multiple years, creating a massive AI infrastructure commitment.
  • The deal includes warrants up to 160 million AMD shares tied to deployment and stock-price milestones.
INSIGHT

Warrants Tie Revenue To Share Performance

  • AMD issued OpenAI a warrant for up to 160 million shares that vests as GPU purchases scale from 1 to 6 gigawatts.
  • Some tranches require AMD's stock to hit future price hurdles, including a tranche tied to $600 per share.
INSIGHT

Major Midwest Bank Merger

  • Fifth Third Bancorp and Comerica are merging in a $10.9 billion transaction to form the ninth largest U.S. bank.
  • The deal values Comerica at $82.88 per share, about a 20% premium to its recent average.
Get the Snipd Podcast app to discover more snips from this episode
Get the app