amd, openai and nvidia Updates

The stock market is experiencing a surge, with the S&P 500 and Nasdaq composite reaching new records, largely propelled by excitement surrounding artificial intelligence. A major development is the partnership between Advanced Micro Devices (AMD) and OpenAI, where OpenAI will utilize AMD's AI chips for its services. This deal saw AMD shares jump significantly, with OpenAI potentially acquiring up to 160 million AMD shares. Foxconn, a key supplier for Nvidia and assembler for Apple, reported record revenue driven by high demand for AI products, signaling strong growth for AI hardware. Meanwhile, the broader AI boom is being financed heavily through debt, with companies raising billions for data center expansion. In other tech news, AppLovin's AI engine is showing strong performance, though its stock faced a dip due to probe reports. China Financial Leasing is raising funds to launch a new investment platform focused on cryptocurrency and AI. The market for AI in Chemical & Material Informatics is also projected for substantial growth, expected to reach $185.2 billion by 2032. Nvidia's stock saw an increase following Foxconn's positive report and Goldman Sachs raised its price target for Nvidia, citing strategic investments and partnerships, including with OpenAI, which is expected to require significant financing for its infrastructure.

Key Takeaways

• Advanced Micro Devices (AMD) shares surged significantly following a partnership with OpenAI, which will use AMD's AI chips.
• OpenAI may acquire up to 160 million AMD shares as part of the deal.
• Foxconn reported record revenue, driven by high demand for AI products, benefiting suppliers like Nvidia.
• The AI boom is being fueled by substantial debt financing, with companies raising billions for data center expansion.
• The market for AI in Chemical & Material Informatics is projected to reach $185.2 billion by 2032.
• Goldman Sachs raised its price target for Nvidia stock to $210, citing strategic AI investments and partnerships.
• OpenAI's infrastructure spending is anticipated to require significant financing, potentially up to $75 billion in 2026.
• China Financial Leasing is raising $11.1 million to launch a new investment platform focused on cryptocurrency and AI.
• AppLovin's AI engine is showing strong performance, but its stock experienced a decline due to probe reports.
• The S&P 500 and Nasdaq composite have reached new record highs, largely driven by AI-related stocks.

AMD surges on OpenAI deal, markets mixed amid government shutdown

The Dow Jones Industrial Average fell Tuesday while the S&P 500 and Nasdaq Composite rose, influenced by corporate earnings and the ongoing government shutdown. AMD shares jumped over 10% following a new partnership with OpenAI, which will use AMD's AI chips for its services. Analyst Mark Smith called it a significant win for AMD, positioning them in the AI market. However, market sentiment remained cautious due to the shutdown delaying economic data. Tesla shares fell 2% after missing delivery targets, while Apple shares were flat.

AI excitement drives stock market to new records

The stock market continues to set records, largely fueled by excitement in the artificial-intelligence industry. The S&P 500 and Nasdaq composite reached new all-time highs on Monday. Advanced Micro Devices (AMD) saw a significant jump of 23.7% after announcing a deal where OpenAI will use its chips for AI infrastructure, with OpenAI potentially owning up to 160 million AMD shares. This AI frenzy is a major driver of market records, though some worry about prices becoming too high. Other news includes Comerica jumping after a buyout offer and Tesla rising on hints of a product unveiling.

US stocks near records as AMD and OpenAI announce major AI partnership

Wall Street is approaching new record highs, with technology stocks leading the way. The S&P 500 saw a 0.4% increase, while the Nasdaq composite rose 0.7%. Advanced Micro Devices (AMD) experienced a significant surge of 26.9% following the announcement of a deal where OpenAI will utilize AMD's chips for its artificial intelligence infrastructure. OpenAI may also acquire up to 160 million AMD shares if certain milestones are met. This AI-driven market activity, while exciting, has also raised concerns about potentially inflated stock prices.

US stocks near records as AMD and OpenAI announce major AI partnership

Wall Street is approaching new record highs, with technology stocks leading the way. The S&P 500 saw a 0.4% increase, while the Nasdaq composite rose 0.7%. Advanced Micro Devices (AMD) experienced a significant surge of 26.9% following the announcement of a deal where OpenAI will utilize AMD's chips for its artificial intelligence infrastructure. OpenAI may also acquire up to 160 million AMD shares if certain milestones are met. This AI-driven market activity, while exciting, has also raised concerns about potentially inflated stock prices.

Foxconn revenue soars on high demand for AI products

Taiwanese electronics giant Foxconn has reported a jump in revenue, driven by a surge in demand for artificial intelligence products. The company, which manufactures servers for Nvidia, anticipates this growth trend to continue. This increase in demand highlights the expanding market for AI-related hardware and components.

Foxconn's record revenue signals strong AI demand, boosting Nvidia stock

Nvidia's stock saw an increase on Thursday after its key supplier, Foxconn, reported record revenue for the third quarter. This signals robust demand for artificial intelligence chips. Foxconn, the world's largest contract electronics manufacturer, achieved NT$618.4 billion (US$19.3 billion) in revenue from July to September. As a major assembler for companies like Apple and a server manufacturer for Nvidia, Foxconn's performance indicates strong underlying demand for Nvidia's essential AI GPUs.

China Financial Leasing raises $11.1M for new crypto and AI investment platform

China Financial Leasing Group is raising $11.1 million through a share placement to launch a new investment platform focused on cryptocurrency and artificial intelligence. The funds will support ventures in areas like DeFi, stablecoins, and AI. This move aligns with Hong Kong's goal to become a global crypto hub, causing the company's stock to rise 25%. Innoval Capital, led by Moore Xin Jin of Antalpha, is partnering in this strategic venture.

China Financial Leasing to raise $11.1M for crypto and AI investments

China Financial Leasing Group plans to raise approximately $11.1 million through a share placement with Innoval Capital to develop a new investment platform focused on cryptocurrency and artificial intelligence. This initiative aims to tap into the growing digital finance market by integrating blockchain and AI technologies. The company's stock surged nearly 34% following the announcement, reflecting optimism about its strategy and Hong Kong's supportive stance on digital assets.

AI in Chemical & Material Informatics market to reach $185.2B by 2032

The market for Artificial Intelligence in Chemical and Material Informatics is projected to grow tenfold by 2032, reaching $185.2 billion. This significant growth is driven by the increasing adoption of AI technologies in areas like drug discovery, materials science, and process optimization. The report highlights the crucial role of AI in enhancing discovery, operations, and supply chains within the chemical and material industries, offering substantial investment opportunities.

Debt fuels AI boom as companies raise billions for data centers

The artificial intelligence boom is being significantly fueled by debt financing, with tech companies raising approximately $193 billion in U.S. bond markets this year. Companies like Aligned Data Centers and Elon Musk's xAI are seeking billions in debt for data center expansion. While some experts express caution about the increasing leverage, others believe that sufficient revenue generated from AI projects will support this debt. This trend highlights the massive investment required for AI infrastructure, including data centers and power grids.

AppLovin's AI engine could make it a top growth stock

AppLovin, an adtech company, is emerging as a significant player in artificial intelligence with its Axon 2.0 optimization engine. This AI tool enhances mobile ad performance and targeting, showing strong results in gaming and expanding into e-commerce. The company's MAX mediation platform also shows impressive growth in ad impressions. AppLovin reported strong financial performance in the second quarter, with revenue up 77% and net income surging 164%, positioning it as a potential top growth story for the next decade.

Plug Power stock surges amid AI mania and nuclear power growth

Plug Power's stock has experienced a significant surge, nearly tripling in the past month, as investors explore its connection to the artificial intelligence boom. The hydrogen producer and fuel-cell company is seeing its stock price rise, with growth in nuclear power also seen as a potential boost to its production capabilities. This surge marks Plug Power's best week in a decade.

AMD stock soars on OpenAI deal; AppLovin plunges on probe reports

On Monday, October 6, 2025, the S&P 500 rose 0.4% and the Nasdaq climbed 0.7% to record highs, driven by tech gains. Advanced Micro Devices (AMD) shares surged nearly 25% after announcing a long-term deal with OpenAI to use AMD's AI chips, with a potential for OpenAI to acquire a stake in AMD. Other AI-related stocks like Super Micro Computer also rose. Conversely, AppLovin shares dropped 14% following reports of an SEC probe into its data collection practices. Tesla stock also climbed 5.5% on potential EV news.

Goldman Sachs raises Nvidia price target to $210 on AI investments

Goldman Sachs has increased its price target for Nvidia stock to $210 from $200, maintaining a Buy rating. This adjustment follows Nvidia's strategic investments and partnerships, including with OpenAI. Goldman Sachs notes that OpenAI's infrastructure spending will require significant financing, potentially up to $75 billion in 2026. While these deals strengthen Nvidia's role in AI, the bank cautions about potential dilution from equity investments in customers.

Sources

• Stock market today: Dow falls, S&P 500 and Nasdaq rise as AMD surges on OpenAI deal, shutdown drags on
• Stock market keeps setting records as AI excitement keeps building
• US stocks tick toward records as AMD deal with OpenAI creates buzz
• US stocks tick toward records as AMD deal with OpenAI creates buzz
• Foxconn revenue jumps as demand for AI products soars
• Nvidia Stock Rises. Sales From This Key Supplier Signals Strong AI Demand.
• China Financial Leasing to Raise $11M for Crypto and AI Investment Platform
• Crypto News: China Financial Leasing to Raise $11M for Crypto and AI Investments
• AI in Chemical & Material Informatics Market to Witness x10 Growth by 2032, Reaching US$185.2 Billion - Investment Opportunities and Adoptions Trends by Market and Region
• Big Debt Deals Throw Fuel on the AI Boom
• This AI Stock Could Be the Best Growth Story of the Decade @themotleyfool #stocks $APP
• Plug Power’s stock has been swept up in the AI mania. Can it continue?
• S&P 500 Gains and Losses Today: AMD Stock Pops on OpenAI Deal; AppLovin Plunges
• Goldman Sachs raises Nvidia stock price target to $210 on AI investments By Investing.com