Stock Movers AMD Soars, Micron Rises, Verizon Falls After Replacing CEO
Oct 6, 2025
AMD rockets after landing a monumental deal with OpenAI to enhance its AI infrastructure, potentially raking in billions. Micron also sees a rise as Morgan Stanley's upgrade hints at double-digit price increases in memory. Meanwhile, Verizon stumbles with the appointment of Dan Schulman as CEO amidst subscriber concerns and a leadership shift. Tune in for insights on these market movers!
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OpenAI Expands AMD GPU Footprint
- OpenAI will deploy six gigawatts of AMD GPUs over multiple years, expanding AMD's data-center footprint significantly.
- AMD also gets warrants for up to 160 million shares at $0.01 each, aligning potential upside with OpenAI milestones.
Warrant Structure Adds Big Potential Upside
- AMD receives a warrant for as many as 160 million shares at a penny apiece, representing roughly 10% of outstanding stock if milestones are met.
- The deal's milestone structure means upside depends on execution but markets priced in big gains immediately.
Micron Faces Multi-Quarter Price Upside
- Morgan Stanley upgraded Micron to overweight citing expected multiple quarters of double-digit price increases for memory chips.
- The bank lifted its price target to $220, implying a sizable upside from last week's close and boosting investor optimism.