💥 OpenAI is taking over

Good evening. Friday’s edition didn’t land in your inbox due to a technical glitch, apologies for that. It’s still up online if you’d like to catch it.

Otherwise, some things never change: death, taxes, and your stock exploding when OpenAI mentions your name.

⬆︎⬇︎ 1-day change
Market data: today’s market close

WINNERS

⬆︎45.24% Critical Metals

The Trump administration is reportedly in talks to take a stake in Critical Metals, a mining company developing Greenland’s massive Tanbreez rare earths project (the same Arctic territory Trump once joked about buying). The discussions, still in early stages, involve converting a proposed $50 million government grant into an equity stake of roughly 8%. [Read more]

⬆︎23.71% AMD

OpenAI struck a deal with AMD that could give it up to a 10% stake in the chip company, as part of a multi-year agreement to deploy 6 gigawatts of AMD’s Instinct GPUs, one of the largest hardware deals in AI history. It highlights the increasingly tight loop of the AI economy, where companies like OpenAI, Nvidia, AMD, and Oracle are trading capital, chips, and ownership stakes. [Read more]

⬆︎13.68% Comerica

In one of the biggest regional bank mergers in years, Fifth Third is buying Comerica in an all-stock deal worth $10.9 billion, a price that values Comerica at roughly a 13–15% premium. The merger will create the ninth-largest U.S. bank, with $288 billion in combined assets and a strong footprint across the Midwest, Southeast, Texas, and California. [Read more]

⬆︎7.39% Figma

OpenAI CEO Sam Altman showcased its integration with ChatGPT on Figma’s design software, during the company’s DevDay event in San Francisco. Altman demonstrated how users can now ask ChatGPT to “turn this sketch into a diagram,” and Figma will automatically create a functional design using its built-in AI tools. [Read more]

⬆︎5.45% Tesla

The EV maker set off a wave of speculation after posting a mysterious teaser on X featuring the date “10/7”, and what appeared to be headlights cutting through smoke. Fans think the company could finally unveil the long-awaited next-generation Roadster or a new mass-market EV. Elon Musk recently said the new Roadster will be “something special beyond a car.” [Read more]

MORE WINNERS

⬆︎22.72% Sanmina
⬆︎17.89% Archer Aviation
⬆︎12.56% UiPath
⬆︎8.79% Oklo

⬆︎⬇︎ 1-day change
Market data: today’s market close

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LOSERS

⬇︎5.11% Verizon

The telecom heavyweight appointed former PayPal CEO Dan Schulman as its new chief executive, replacing Hans Vestberg, who will stay on as an adviser. Schulman called Verizon “at a critical juncture” and said his focus will be on expanding market share and driving stronger financial growth. [Read more]

⬇︎7.81% Abercrombie & Fitch

The clothing retailer is facing some mixed signals heading into the holiday season. JPMorgan downgraded the stock and cut its price target from $145 to $103, citing weaker-than-expected sales at the Abercrombie brand. Analysts said shoppers are spending less per purchase (known as lower “average unit retail”). [Read more]

MORE LOSERS

⬇︎4.40% AT&T
⬇︎4.99% Starbucks
⬇︎6.45% Harley-Davidson

⬆︎⬇︎ 1-day change
Market data: today’s market close

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