

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.
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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.
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.
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.