Stock Market Today: AMD Soars After Announcing Big Deal with OpenAI

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Happy Monday. This is TheStreet's Stock Market Today for Oct. 6, 2025. You can follow the latest updates on the market here in our daily live blog.

Update: 7:11 a.m. ET

Everything Happening Today (That We Know Of)

Good morning. U.S. equities are set to rise again this morning, despite the government shutdown entering its first full week. Futures for the Nasdaq (+0.64%) and Russell 2000 (+0.57%) are looking the best, with about two hours left until the market open.

The 10Y Treasury rose 3.5 basis points to 4.154%. Gold also extended its year-long gains, setting a new record. At last look, continuous contracts were up 1.38% to $3,962.70, inching closer to a milestone $4K. WTI Crude (+1.3%) sat at $61.68 and Silver (+0.67%) also rose.

Here are the big developments on deck for today:

AMD Soars 25% Premarket On OpenAI Chip Deal

Advanced Micro Devices  (AMD)  is poised to be today's best-performing stock, rising over 25% in the premarket after announcing a monster deal with OpenAI. 

The deal will see the ChatGPT parent spend billions on the company's compute products. Specifics were not detailed. In addition, it might take up to a 10% stake in the business.

The deal would represent a considerable escalation of OpenAI's efforts with hardware producers; building on existing partnerships with chipmaking competition Nvidia  (NVDA)  and Broadcom  (AVGO) .

Japan's Nikkei 225 Hits Record

Japanese stocks soared to record highs after the country's ruling Liberal Democratic Party tapped ultra-conservative lawmaker Sanae Takaichi to take over the party and country. Taikaichi is expected to embrace market-friendly policies. In response to their selection, the Nikkei 225 index jumped nearly 5% to an all-time high, while the Yen jumped above 150. 

Earnings Today

There's only one earnings report due out today of real heft: spirits goliath Constellation Brands  (STZ) , which is reporting after the market close. With its stock down 41.5% over the past year, its report will be closely evaluated for signs of life and excitement in the tepid alcohol market.

Economic Data & Events

There won't be any serious economic datapoints or events out today, but investors will have to learn to live without some reports this week, as the gov't shutdown continues into its first full week.