OpenAI-AMD Deal; Fifth Third Buys Comerica; Tesla Advancing
Oct 6, 2025
AMD's shares soar following a groundbreaking deal with OpenAI to supply 6 gigawatts of GPUs, promising massive revenue while impacting competitors like Intel and Nvidia. Meanwhile, Fifth Third Bancorp is making waves by acquiring Comerica for $10.9 billion, shaping the ninth-largest bank in the U.S. Lastly, Tesla ignites curiosity with cryptic social media posts teasing a mysterious product launch, sending shares higher. Tune in for insights on these market movers!
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insights INSIGHT
AMD Wins Massive OpenAI Infrastructure Deal
Advanced Micro Devices signed a deal with OpenAI to deploy gigawatts of AMD GPUs over multiple years, implying massive infrastructure demand.
Tom Keene notes the scale equals roughly the peak electricity demand of New York City, signaling tens of billions in revenue for AMD.
insights INSIGHT
Framing GPU Demand With City Power Analogies
The hosts contextualize 'six gigawatts' by comparing it to city-scale power needs to convey the infrastructure magnitude.
This framing shows how AI hardware deals translate into significant grid and revenue implications.
insights INSIGHT
Fifth Third Acquires Comerica To Expand Reach
Fifth Third will buy Comerica for about $10.9 billion in stock, creating the ninth-largest U.S. bank with $288 billion in assets.
Tom Keene highlights the strategic fit: Fifth Third expands in the Southeast while Comerica brings middle-market commercial banking exposure.
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On this episode of Stock Movers: - Advanced Micro Devices (AMD) shares are soaring on news it signed a deal with OpenAI to deploy 6 gigawatts of AMD GPUs over multiple years. AMD has given OpenAI a warrant for up to 160 million shares, which will vest as milestones are achieved, including targets tied to AMD's stock price. The agreement is expected to deliver tens of billions of dollars in revenue for AMD while accelerating OpenAI's AI infrastructure buildout. Intel (INTC) and Nvidia (NVDA) dropped on the news. - Comerica (CMA) is higher while Fifth Third Bancorp (FITB) dropped on news Fifth Third Bancorp agreed to buy Comerica Inc. for about $10.9 billion in stock, creating the ninth-biggest US bank with about $288 billion in assets. Comerica’s stockholders will receive 1.8663 Fifth Third shares for each Comerica share they hold, or about $82.88 per share based on the Oct. 3 closing price. When the deal is completed, Fifth Third shareholders will own roughly 73% of the combined company. - Tesla (TSLA) shares are advancing after a cryptic social media post teased a product unveiling. The company managed to pique the interests of investors with a series of social media posts that sent the carmaker’s shares higher in early trading. First, the company posted a video clip of a black hubcap-like object with a Tesla logo spinning before flashing the numbers 10/7, likely referencing a product unveiling on Tuesday. A second post appears to show a car parked in pitch-black darkness, revealing only its headlights. - Critical Metals Corp (CRML) shares are soaring on news of the US mulling to buy a stake in the company. Shares surged more than 100% in premarket trading on Monday after Reuters reports Trump administration officials have discussed taking a stake in in the metal mining company. If finalized, deal would give US government a direct interest in the largest rare earths project in Greenland, according to the Reuters report.
Stock Movers