Today At A Glance:

AI euphoria carried stocks to more records as the S&P 500 and Nasdaq closed at fresh highs, while the Dow slipped slightly. The spark was AMD’s blockbuster multi-year chip-supply deal with OpenAI, which rocketed AMD shares and lifted the broader semi complex. Telecom weighed on the Dow after Verizon slid on a surprise CEO change. Despite the ongoing U.S. government shutdown, risk appetite held up and leadership stayed squarely in AI-linked names. Traders also digested regional-bank M&A headlines (Fifth Third to buy Comerica), which sent CMA sharply higher.

Today’s Index Performance:

• Dow Jones Industrial Average (^DJI): The Dow opened today at 46,776 and closed today at 46,694.97, with the percentage change of −0.1%.
• S&P 500 (^GSPC): The S&P 500 opened today at 6,733.86 and closed today around 6,744, with the percentage change of +0.4%.
• Nasdaq Composite: The Nasdaq opened today at 22,894.35 and closed today at 22,941.67, with the percentage change of +0.71%.

Gainers Of Note:

• Advanced Micro Devices (NASDAQ: AMD) – Leading AI/accelerator chips; soared ~24–27% after unveiling a multi-year AI chip-supply partnership with OpenAI that includes warrants for up to ~10% of AMD.
• Comerica (NYSE: CMA) – Regional bank; jumped ~14% after Fifth Third Bancorp announced a $10.9B all-stock acquisition to form the ninth-largest U.S. bank.
• Sanmina (NASDAQ: SANM) – Electronics manufacturing services; rallied ~20%+ in sympathy with the AI hardware build-out following the AMD–OpenAI news, aided by bullish chatter and target lifts.

Losers Of Note:

• AppLovin (NASDAQ: APP) – Ad-tech platform; tumbled ~14% on reports the SEC is probing data-collection practices, making it one of the day’s biggest large-cap decliners.
• Verizon (NYSE: VZ) – Wireless telecom; fell ~5% after naming former PayPal chief Dan Schulman as CEO, a leadership shake-up that pressured shares.
• Quantum Computing Inc. (NASDAQ: QUBT) – Quantum hardware/software; slid ~7–10% after announcing a $750M private placement.

Active Traders Of Note:

• Tesla (NASDAQ: TSLA) – EVs; heavy volume as shares rose ~5% on buzz around an upcoming product announcement and strong deliveries narrative.
• Palantir (NYSE: PLTR) – Data/AI software; active tape with gains noted as investors rotated back into AI-software beneficiaries.
• Coinbase (NASDAQ: COIN) – Crypto exchange; busy session alongside broader crypto strength as Bitcoin pushed higher.

Looking Forward:

Momentum rests on AI infrastructure spending and whether today’s chip-led surge broadens beyond mega-cap tech. With the shutdown still in effect, attention turns to potential delays in economic prints and to early Q3 earnings pre-announcements for the next catalyst. Watch for follow-through in semis and any rotation into cyclicals as traders gauge how durable the AMD-OpenAI halo effect will be.

Note: The stock performance summaries are based on general trends observed over the past ten trading days and are not indicative of future results.

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