Amit Kukreja
OPENAI RELEASES A TON OF NEW NUMBERS, AMD UP 25%, BITCOIN NEW ALL TIME HIGHS | MARKET CLOSE
10/6/2025, 9:50:19 PM
Economic Summary
- OpenAI reported rapid scale: 4 million developers, ~800 million weekly ChatGPT users, and ~6 billion tokens/minute, implying huge ongoing cloud and GPU demand that benefits chipmakers like AMD and NVIDIA (NVDA).
- AMD struck a strategic commercial arrangement tied to OpenAI compute purchases; Bank of America raised AMD price target reflecting potential incremental revenue from AI data center deployments.
- Crypto ETF inflows remain large (multi-hundred-million daily), supporting ETH and BTC prices and lifting mining-equity sentiment (e.g., Bitmine/BMNR).
- Regulatory scrutiny in digital advertising (SEC probe into AppLovin/APP) highlights sector-specific policy risk that could compress growth for ad-tech companies.
- Market breadth improved with retail platforms showing rotation into names beyond the megacap AI leaders; earnings strength is cited as a key justification for current valuations despite bubble warnings.
Bullish
- OpenAI’s explosive user and token growth is driving massive compute demand, benefiting GPU suppliers like AMD and NVDA.
- AMD–OpenAI commercial relationship could meaningfully expand AMD revenue over coming years, supporting long-term upside.
- Large ETF inflows into Bitcoin and Ethereum are boosting mining-related equities (e.g., BMNR).
- Broader market earnings resilience and expanding corporate profit margins support continued equity appetite.
Bearish
- AppLovin under SEC probe for data collection practices, risking regulatory penalties and platform restrictions.
- High valuations and bubble comparisons (1999) could lead to sharp market corrections if earnings disappoint.
- Platform outages and technical issues can dent user trust and cause short-term selling pressure (e.g., HOOD).
- Ad tech firms using questionable tracking methods face platform shutdown risk and margin compression.
Bullish tickers
AMDNVDABMNRGRABSOFI
Bearish tickers
APPHOOD
AMD
2 price targets
200250
Bullish
Deal with OpenAI and strong AI compute demand could add substantial incremental revenue and re-rate AMD.
Bearish
Short-term disappointment possible if execution or supply issues delay AI revenue ramp despite the headline deal.
APP
Bullish
If the probe proves minor, the post-news selloff could present a buy-the-dip opportunity for growth investors.
Bearish
SEC probe into data collection practices risks regulatory action and platform delistings, pressuring growth.
BMNR
1 price targets
147
Bullish
Large ETH inflows and Bitmine’s disclosed ETH holdings support upside if ETH continues higher.
Bearish
Shares are sensitive to ETH/BTC prices and dilution concerns; a crypto sell-off would hit miner valuations hard.
NVDA
Bullish
Surging AI compute demand makes NVIDIA a primary beneficiary of increased GPU spending across cloud providers.
Bearish
Extremely high valuation leaves NVDA exposed if AI demand growth slows or earnings miss expectations.
HOOD
Bullish
User interest and broader market rallies can restore momentum after technical interruptions.
Bearish
Platform outages and profit-taking after big runs can cause short-term declines in Robinhood shares.
TSLA
Bullish
Potential new product announcements or partnerships could be meaningful positive catalysts for Tesla.
Bearish
Shares could face pressure from profit-taking and uncertainty around product announcements.
META
Bullish
AI integration and recoveries in ad markets support revenue upside and product engagement.
Bearish
Ad market regulation and competition in AI could pressure margins for legacy ad-driven businesses.
GOOGL
Bullish
Google can benefit if competitors face ad-tech headwinds; strong ad franchise and AI investments are supportive.
Bearish
Ad tech regulatory scrutiny could indirectly impact Google if broader ad ecosystem rules tighten.
ACHR
Bullish
Positive demo footage and rumors of partnerships drove strong call buying and short-term momentum.
Bearish
Archer faces execution and certification risk; rallies on demos may be premature.
GRAB
Bullish
Strong intraday moves reflect investor appetite for its recovery story; solid close would be constructive.
Bearish
Regional macro or execution issues could dent growth expectations.
SOFI
Bullish
New crypto partnerships (e.g., BitGo listing) and product expansion support SoFi’s growth narrative.
Bearish
Shares can be volatile on crypto and fintech partnership headlines; regulatory concerns remain.
ASTS
Bullish
Recent aerospace spectrum acquisition news boosted ASTS, showing M&A-driven upside potential.
Bearish
Speculative moves tied to M&A or announcements may reverse if deals stall.
HIMS
Bullish
Valuation viewed as cheap by the host; long-term recovery possible.
Bearish
Small position; could underperform if consumer demand softens.
People mentioned
Sam AltmanJensen HuangTom LeeNeil MohanPaul Tudor JonesStacy RasgonTannerAmitSteveElon MuskDonald TrumpJoe BidenSundar Pichai