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Stock Market Today: Dow Jones, Nasdaq Futures Slip Amid Delay In Trade Deficit Data During Shutdown—Trilogy Metals, AMD, Applovin In Focus - SPDR S&P 500 (ARCA:SPY)
Benzinga· 2025-10-07 09:48
U.S. stock futures fell on Tuesday following Monday’s mixed moves. Futures of major benchmark indices were lower.The Advanced Micro Devices Inc. (NASDAQ:AMD) deal with OpenAI fueled the rally in AI-linked stocks on Monday, which has been powering Wall Street’s bull run this year.Meanwhile, President Donald Trump indicated willingness to work with the Democrats on healthcare and other policies, but only after they reopened the government, which is in its seventh day of a shutdown that began on Oct. 1. The U. ...
Famed Short-Seller Jim Chanos Questions AMD's Revenue Forecast Following OpenAI Deal: 'Shouldn't This Deal Bring In More… For $AMD?' - Advanced Micro Devices (NASDAQ:AMD)
Benzinga· 2025-10-07 07:55
Renowned short-seller Jim Chanos has publicly questioned the financial benefits of the landmark partnership between Advanced Micro Devices Inc. (NASDAQ:AMD) and OpenAI, suggesting the deal may not be as lucrative for AMD as it appears.In a series of social media posts, Chanos scrutinized the deal’s structure, where AMD is set to receive “tens of billions of dollars in revenue” while providing OpenAI with equity warrants of a similar potential value.Check out AMD’s stock price here.Is The AMD-OpenAI Trade-Of ...