Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Monday, October 6th, and I'm your host, Kim Khan. Our top story so far.

Advanced microdevices signed a packed with Microsoft-backed OpenAI to roll out AI infrastructure.

The deal is expected to deliver tens of billion dollars in revenue for AMD, whose shares are soaring, up about 25%.

The company's inked an agreement for OpenAI to deploy six gigawatts of AMD GPUs over multiple years.

AMD has issued OpenAI a warrant for up to 160 million shares, which will vest upon

achievement of milestones.

The first tranche vests with the initial 1 gigawatt deployment, with additional tranches

vesting his purchases scale up to 6 gigawatts.

The targets require AMD's stock price to continue to increase in value, and future

exercise points include a tranche tied to a share price of $600.m.D. closed at 164-67 on Friday. A.I. Bulls at Wedbush called

the deal a major moment and said any lingering fears around AMD should now be thrown out the window

as this gives them a major platform to monetize the AI revolution. Among active stocks, Fifth Third Bank Corp and Comerica are merging in a $10.9 billion deal.

The combination will create the ninth largest U.S. Bank with $288 billion in assets.

The swap values Comerica at 8288 to share, a 20% premium to Comerica's 10-day average price.

Verizon slid after it appointed former

PayPal chief Dan Schulman as his new CEO. And can we call this a bond sell-off? Ashton Martin is

tumbling after the automaker issued a profit warning, flagging persistent tariff-related challenges.

The company now expects a 2025-adjusted operating profit to fall below the lower end of market

expectations and has scrapped plans for positive free cash flow in the second half, prompting

an immediate review of spending.

Ejectus, you're joking.

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