U.S. stock futures were up Monday morning, despite an ongoing government shutdown, thanks to a multi-year deal between OpenAI and chipmaker Advanced Micro Devices (AMD) and the $10.9 billion acquisition of Comerica (CMA) by Fifth Third Bancorp (FITB). Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 0.89%, 0.40%, and 0.19%, respectively, at 8:19 a.m. EST on October 6.
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In major news, OpenAI (PC:OPAIQ) and AMD have reached a deal that involves a warrant that could see the Sam Altman-led company take a 10% stake in the chipmaker. Under the deal, OpenAI will deploy up to 6 gigawatts of AMD Instinct GPUs over multiple years, starting with a 1-gigawatt deployment of AMD Instinct MI450 GPUs in the second half of 2026. AMD stock rallied 25% in pre-market trading.
Meanwhile, Fifth Third Bancorp announced that it will acquire fellow regional bank Comerica in an all-stock deal valued at $10.9 billion, creating one of the largest U.S. banks by assets. CMA stock was up 13% as of writing.
Investors appear largely unconcerned about the potential consequences of a prolonged government shutdown, which has delayed the release of key economic data, including the September nonfarm payrolls report, originally scheduled for release on Friday.
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