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Nasdaq Jumps Over 150 Points; Skye Bioscience Shares Plunge - Critical Metals (NASDAQ:CRML), Advanced Micro Devices (NASDAQ:AMD)
AMDAMD(US:AMD) Benzinga·2025-10-06 17:09

Market Overview - U.S. stocks showed mixed trading, with the Nasdaq Composite gaining over 150 points, while the Dow decreased by 0.16% to 46,684.03 and the S&P 500 rose by 0.40% to 6,742.80 [1] - Information technology shares increased by 0.9%, while real estate stocks fell by 0.8% [1] Company Highlights - Advanced Micro Devices (AMD) shares surged over 27% following a significant agreement with OpenAI to deploy up to 6 gigawatts of AMD Instinct GPU power for AI infrastructure [2] - The initial phase of the agreement includes a rollout of 1 gigawatt of AMD Instinct MI450 GPUs in the second half of 2026, with plans for further expansions [2][3] - Spruce Biosciences, Inc. shares increased by 298% after receiving U.S. FDA breakthrough therapy designation for its enzyme replacement therapy [8] - OneMedNet Corporation shares rose by 130% after selecting Palantir Technologies for healthcare AI operations [8] - Critical Metals Corp shares gained 92% after entering a securities purchase agreement to raise $35 million [8] - Quantum Computing Inc shares dropped by 11% following a $75 million oversubscribed private placement announcement [8] - Skye Bioscience, Inc. shares fell by 53% after failing to meet primary endpoints in a study [8] - Dragonfly Energy Holdings Corp shares decreased by 22% after pricing a $25 million public offering [8] Commodity Market - Oil prices increased by 0.8% to $61.37, while gold rose by 1.7% to $3,976.90 [6] - Silver traded up by 1.1% to $48.490, whereas copper fell by 1.2% to $5.0485 [6] European Market - European shares were mixed, with the eurozone's STOXX 600 slipping by 0.02% and Spain's IBEX 35 Index falling by 0.10% [7] - London's FTSE 100 decreased by 0.11%, while Germany's DAX 40 rose by 0.11% and France's CAC 40 dipped by 1.30% [7] Asian Market - Asian markets closed mixed, with Japan's Nikkei 225 gaining 4.75%, Hong Kong's Hang Seng index falling by 0.67%, and India's BSE Sensex increasing by 0.72% [9]