Stock Movers Closing Bell: AMD Posts Best Three-Day Gain, AST Spacemobile Climbs, Fair Isaac Tumbles
Oct 8, 2025
AST Spacemobile's shares soared after announcing a major agreement with Verizon, putting it in competition with SpaceX's Starlink. Advanced Micro Devices celebrated its best three-day rally in nine years, fueled by a lucrative chip deal with OpenAI that positions it against Nvidia in the AI realm. Meanwhile, Fair Isaac faced a significant drop due to Equifax's new low-priced mortgage score offering. A dynamic market overview highlights tech's strength but reveals ongoing struggles in financials.
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Verizon Deal Boosts ASTs Competitive Edge
- AST Space Mobile struck a deal with Verizon to provide direct-to-cellular connectivity starting in 2026.
- William Blair called the agreement a competitive win versus SpaceX's Starlink.
OpenAI Deal Propels AMD Momentum
- AMD gained 11% after OpenAI agreed to deploy tens of billions of dollars worth of chips from the company.
- The deal gives AMD a chance to challenge Nvidia in the AI computing industry and drove a multi-day rally.
Strong Sephora Launch Lifts Elf Beauty
- Elf Beauty rose after Morgan Stanley raised its price target based on a strong Sephora launch for the Rode brand.
- Analysts see the Rode rollout as evidence of strong retail traction for the beauty firm.
