Noteworthy S&P 500 Movers on Monday
4 hr 22 min ago
Advancers
- Advanced Micro Devices (AMD) shares added nearly a quarter of their value in Monday’s session, outpacing every other stock in S&P 500, after the chipmaker announced a major artificial intelligence partnership with OpenAI. The ChatGPT owner, which recently surpassed SpaceX as the world’s most valuable startup, agreed to purchase several generations of AMD’s AI chips in a long-term deal that could also see OpenAI acquire a stake in the semiconductor firm.
- Other stocks with exposure to AI infrastructure also moved higher following the announcement from AMD and OpenAI. Shares of Monolithic Power Systems (MPWR) and AI server maker Super Micro Computer (SMCI) added over 5%. DoorDash (DASH), and Uber (UBER), which got a shoutout from OpenAI during its DevDay developer conference, were also among the day’s top performers.
- Tesla’s (TSLA) stock climbed 5.5% after the EV maker teased a Tuesday event that raised speculation the company could announce a lower-priced EV. During the company’s earnings call in July, executive had suggested Tesla would make “more affordable models” available in the fourth quarter of this year.
Decliners
- AppLovin (APP) shares tumbled 14%, suffering the heaviest losses in the S&P 500 following reports the Securities and Exchange Commission has been looking into its data collection practices. Despite Monday’s losses, the stock is up about 80% for 2025.
- Verizon (VZ) shares sank 5.1% after the telecom giant named former PayPal (PYPL) chief Dan Schulman as its new CEO, effective immediately. Schulman, who has served on Verizon’s board since 2018, is replacing Hans Vestberg, who will remain on the board of directors and serve as a special advisor over the coming year as the telecom giant aims to close out its pending acquisition of fiber-optic internet provider Frontier Communications.
Why AppLovin Shares Plunged 14% on Monday
4 hr 31 min ago
Shares of AppLovin tumbled Monday, a stumble in what has largely been a powerful upward run for the stock in 2025.
AppLovin (APP) finished the day down 14%, with most of that following an afternoon report from Bloomberg that, citing people familiar with the matter, said the Securities and Exchange Commission was investigating the mobile app monetization company’s data-collection practices after a whistleblower’s complaint.
An AppLovin spokesperson in a statement said that “we regularly engage with regulators and if we get inquiries we address them in the ordinary course. Material developments, if any, would be disclosed through the appropriate public channels.” The SEC did not provide a statement, citing the ongoing government shutdown.
The news wasn’t well-received by investors, who through Friday’s close seen the shares more than double this year and in September cheered the company’s addition to the S&P 500 months after short-sellers had set their sights on the stock. The shares finished last week near $683; they ended today at $587, reflecting a slip to prices last seen roughly a month ago.
Analysts at Wedbush, meanwhile, had earlier today lifted their price target on the shares by $20 to $745, saying that the company’s “phenomenal growth will continue for the foreseeable future, with a staggering profit margin.”
They’re far from the only Wall Street bulls out there, to be sure: The average price target, as tracked by Visible Alpha, is just under $708.
These Stocks Got a Boost From OpenAI’s DevDay Buzz
4 hr 40 min ago
These days, a shoutout from OpenAI is all it takes to send stocks higher.
Shares of design software provider Figma (FIG) gained more than 7% in the wake of a mention from the ChatGPT maker at its DevDay developer conference Monday, while Expedia (EXPE) added about 2% and Coursera (COUR) closed slightly higher after rising as much as 8% during today’s session.1
The companies were named as just a few of several launch partners for OpenAI’s “App SDK,” which allows users to access their apps through ChatGPT, as of today.
Uber (UBER) and DoorDash (DASH), which OpenAI CEO Sam Altman said would join the lineup in the weeks ahead, each rose nearly 4%, propelling both into the list of top performers in the S&P 500 Monday.
Shares of Advanced Micro Devices (AMD), which announced a massive chip deal with OpenAI ahead of the event, saw its stock soar 24% to lead the benchmark index.
Benjamin Legendre / AFP / Getty Images
Though OpenAI isn’t publicly traded, the startup has become something of a “kingmaker” in the AI space, with the ability to drive optimism about the stocks of companies with close ties. Last week, shares of Etsy (ETSY) and Shopify (SHOP) soared after OpenAI said it launched an “Instant Checkout” feature in ChatGPT.
The Economy Shrugged Off Past Government Shutdowns, But This One Could Be Different
6 hr 27 min ago
The last few times the U.S. government shut down for days on end, the U.S. economy and financial markets emerged unscathed—but President Donald Trump’s threat to fire federal workers en masse complicates the outlook this time around.
Trump has threatened to permanently lay off government workers and end federally funded projects favored by Democrats during the shutdown. If carried out, those actions could deal a noticeable blow to the labor market at a time when hiring was already looking shaky.
Alex Wong / Getty Images
“Well, there could be firings,” Trump said last week in an interview on One America News Network. “And it could also be other things. We could cut projects they wanted, favorite projects, and they’d be permanently cut.”
In past shutdowns, hundreds of thousands of federal workers were sent home without pay. However, they were brought back to work and given back pay as soon as the shutdown ended, limiting the damage to the overall job market. Indeed, the U.S. economy added jobs during the three previous long shutdowns in 2019, 2013, and 1996.
Read the full article here.
Late Tax Filers Face Potential Delays Amid Government Shutdown
6 hr 54 min ago
If the government can’t secure funding by the Oct. 15 tax extension deadline, some taxpayers may run into problems.
Congress remains in a stalemate over health care cuts, and there is no expected end to the fight over government funding that has partially shut down the federal government. If the shutdown continues, taxpayers filing their returns will likely face delays in processing and communication with the IRS.
(Photo by Wesley Lapointe/For The Washington Post via Getty Images
According to the tax agency’s shutdown contingency plan, the IRS has funding to continue most of its functions for five business days, which in this case ends at 12:01 a.m. ET Wednesday. However, if the government is still shut down on Oct. 8, the IRS must enter another stage of the contingency plan, which would likely shutter most of the agency.
Taxpayers who were unable to complete their tax return in April or were affected by a disaster, like the wildfires in California at the beginning of the year, were eligible for an extension of their filing deadline. About 19 million taxpayers likely applied to extend their filing deadline to Oct. 15, the IRS estimated earlier in the year.
Read the full article here.
Here’s What These Analysts Think of ‘BNPL’ Company Klarna’s Stock After Its IPO
7 hr 40 min ago
Buy Klarna stock, analysts say, and it will pay off later.
Klarna (KLAR) shares, which closed Friday near $41, are poised to rise as the company’s business expands, analysts said. Deutsche Bank, Wedbush and Bank of America recently initiated coverage of the buy now, pay later provider, which went public about a month ago, issuing bullish ratings and price targets of $48, $50 and $51, respectively.
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Those targets reflect optimism that Klarna shares, which sold for $40 in its IPO, can move back toward the $52 where they started trading on their first session. They subsequently climbed past $57—but have since come down to about $42.50.
“We think the risk/reward is attractive for a leading global commerce network with an early opportunity in several underpenetrated regions and further optionality to unlock incremental [gross merchandise value] and revenues through new partnerships and product expansion,” Wedbush wrote Monday.
Read the full article here.
Bitcoin Price Levels to Watch After Cryptocurrency Hits Record High Above $125,000
8 hr 21 min ago
Bitcoin (BTCUSD) hit another record Monday after climbing above the closely watched $125,000 level over the weekend for the first time ever.
The largest cryptocurrency by market value has rallied as appetite for risk remains strong and as investors use bitcoin (and gold) to hedge their bets against geopolitical uncertainty and high government debt, in what JP Morgan analysts have referred to as the “debasement trade.” A growing pool of traders is also buying tokens as more crypto ETFs are launched and cryptocurrencies become more integrated into financial services. Last week, bitcoin ETFs recorded inflows of $3.2 billion, the second-highest haul since they launched in January 2024.
Bitcoin’s price has soared 34% since the start of the year, outpacing major stock indexes, but trailing safe-haven gold’s 50% return over the same period. The digital currency was trading at $125,500 recently, after hitting an all-time high today of around $125,800.
Bitcoin broke out from a two-month descending channel last week, potentially setting the stage for a continuation move to the upside.
Moreover, the relative strength index confirms bullish momentum and sits well below its December peak, providing ample room for the cryptocurrency to move further into price discovery before consolidating.
Read the full technical analysis piece here.
Micron’s Record Run Isn’t Over Yet, According to These Wall Street Bulls
8 hr 47 min ago
Micron Technology’s (MU) stock has had a strong run in 2025 so far, and some Wall Street bulls say it’s set to move. higher, as AI-driven orders grow.
The memory chip maker’s shares were up about 3% to around $193 in recent trading, extending their recent rally and putting them on track to top Friday’s closing record. The stock has added more than half its value since the year began, making it one of the S&P 500’s top performers for 2025.
Justin Sullivan / Getty Images
Morgan Stanley analysts upgraded the stock to “overweight” from a neutral rating on Monday, and lifted their price target to $220 from $160, a bit above the $196 average target compiled by Visible Alpha, pointing to booming demand for its high-bandwidth memory to support AI.
“Conviction from our purchasing contacts is very high,” the analysts said, adding “we see more room to run.”
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What’s Tesla Teasing? The Stock Is Rising as Investors Look Ahead to Tuesday
8 hr 57 min ago
Tesla is kicking off the week with a bit of mystery.
The company yesterday posted a short video on X depicting a spinning wheel and Tuesday’s date.It later shared another showing the headlights of a vehicle, details of which couldn’t be easily seen.
Tesla (TSLA) didn’t respond to Investopedia’s request for further comment in time for publication. On its YouTube page, where it sometimes posts product and other company news, there was no sign of an event set for tomorrow.
Costfoto / NurPhoto via Getty Images
That hasn’t stopped plenty of folks from reading between the lines.
The posts raised speculation that the company could announce a lower-priced EV. There’s reason for that: Executives during the company’s earnings call in July said Tesla expected to have “more affordable models available for everyone” in the fourth quarter of this year.
A range of reports seem to expect that the announcement will involve a Model Y, which currently starts a bit below $45,000. (Some have speculated that a Roadster might be arriving.) Whatever we may learn, it follows third-quarter deliveries news that exceeded Wall Street’s expectations, even as many investors are looking beyond quarter-to-quarter vehicle sales.
Read the full article here.
Boeing Stock Paces Dow on Report Plane Maker Is Set to Increase 737 Max Production Soon
9 hr 10 min ago
Boeing (BA) shares led the Dow industrials with a roughly 1.5% advance Monday afternoon following a report that the company is expecting to increase output of its 737 Max plane line.
Citing people familiar with the matter, Bloomberg said that Boeing “is guiding suppliers that 737 Max output could reach a 42-jet monthly tempo as soon as this month.”
Boeing shares are have added roughly a quarter of their value this year, above the roughly 10% rise of the Dow.
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CEOs and Founders Warn AI Could Cause Widespread Job Loss and Reshape The Workforce
9 hr 49 min ago
CEOs and founders across industries, from technology to automotives, say artificial intelligence (AI) could dramatically change how people work. Some believe AI may soon replace many office jobs, while others think it will simply help workers do their jobs better.
As investors put billions of dollars into AI and AI-related stocks, many leaders expect big productivity gains. Some are already planning to hire fewer people, betting that AI will reshape the workplace.
In June, Amazon CEO Andy Jassy informed employees that generative AI could potentially reduce the company’s workforce as business needs evolve.
Generative AI creates human-like content—such as text, images, or jokes—based on the data it’s trained on. Traditional AI, by contrast, follows set rules to complete specific, often complex tasks.
“We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs. It’s hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company,” Jassy wrote.
Executives at Walmart also anticipate a changing workforce. The company plans to maintain the size of its workforce at a stable level for the next three years while it assesses which roles may be eliminated or created due to the impact of AI.
Read the full article here.
Crypto Stocks Are Getting a Lift After Bitcoin’s Price Touches a Record High
11 hr 17 min ago
Bitcoin (BTCUSD) is giving crypto stocks a lift after its price topped $125,000 over the weekend, reaching a new record.
The world’s largest cryptocurrency had been on a weeklong rally, validating bitcoin bulls’ anticipation of fresh highs after September-end swoons. Bitcoin treasury Strategy (MSTR), crypto exchange Coinbase Global (COIN), and stablecoin issuer Circle (CRCL) were up at least 2% Monday morning. Bitcoin mining plays Marathon Digital parent company MARA Holdings (MARA) and Riot Platforms Inc. (RIOT) are up around 4%.
Romain Costaseca / Hans Lucas / AFP via Getty Images
The price of bitcoin was recently at around $124,700. Crypto’s collective market capitalization was more than $4.5 trillion, according to research firm Messari.
Bitcoin has been buoyed by investors’ increasing appetite for risk, which has driven stocks to near records, as well as a growing pool of traders buying tokens as more crypto ETFs are launched and cryptocurrencies become more integrated into financial services. (Spot crypto ETF approvals have been put on ice since the government shutdown.)
Read the full article here.
–Crystal Kim and Nisha Gopalan
Comerica Stock Jumps on $10.9B Takeover by Fifth Third Bancorp
11 hr 37 min ago
Comerica (CMA) shares jumped Monday morning after Fifth Third Bancorp (FITB) agreed to purchase the financial firm for $10.9 billion.
Shares of Comerica were recently up some 14%. Fifth Third said the all-stock deal gives Comerica investors nearly 1.9 Fifth Third shares for every Comerica share they own, representing $82.88 per share based on Fifth Third’s Friday closing price, a more than 17% premium. First Third shareholders will control about 73% of the combined company, with Comerica investors holding the rest.
Fifth Third’s shares were recently down more than 1%. An index of regional banking stocks was up about 1%.
Luke Sharrett / Bloomberg via Getty Images
Fifth Third said the acquisition would create the ninth-largest U.S. bank with $288 billion in assets. It added that the move was part of the Ohio-based bank’s strategy to expand its footprint in high-growth markets and its commercial business.
CEO Tim Spence called the combination “a natural fit” that will create “a stronger, more diversified bank that is well-positioned to deliver value for our shareholders, customers, and communities.”
Read the full article here.
Verizon Stock Paces Dow Decliners After Company Replaces CEO
12 hr 3 min ago
Verizon Communications (VZ) decided to part ways with CEO Hans Vestberg. Investors are not responding positively to the development.
Verizon was the worst-performing stock in the Dow Jones Industrial Average in recent trading, with shares down about 3.3%.
The company appointed former PayPal Holdings (PYPL) CEO Dan Schulman its new chief executive, effective immediately. Vestberg “will serve as Special Advisor through October 4, 2026, during which time he will be focused on ensuring a smooth transition including the integration with Frontier Communications, which is expected to close in the first quarter of 2026,” Verizon said, adding that he will remain on its board until its 2026 annual meeting.
Verizon shares are up about 5% this year, barely half the advance of the Dow.
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AMD Stock Soars on OpenAI Partnership for AI Chips
12 hr 39 min ago
OpenAI, the world’s most valuable startup, is making a big bet on Nvidia’s rival.
The ChatGPT owner is committing to buying several generations of artificial intelligence chips from Advanced Micro Devices (AMD), as part of a deal that could see the ChatGPT owner take a stake in the chip designer. AMD said in the companies’ joint announcement that the deal would yield “tens of billions of dollars in revenue,” though the companies didn’t disclose the cost of the transaction.
Jonathan Raa / NurPhoto via Getty Images
The news sent shares of the chip designer soaring over 30% shortly after the open Monday, bringing their year-to-date gains close to 80%.
The computing deal comes just weeks after rival Nvidia (NVDA) said that it plans to invest in OpenAI, while the AI startup would buy the chip designer’s next-generation chips for its data centers. Shares of Nvidia were 2% lower in recent trading.
Read the full article here.
Klarna Rises as Deutsche Bank, Wedbush Initiate Stock at ‘Buy’ or Equivalent
13 hr 31 min ago
Klarna (KLAR) shares have gone in reverse since debuting last month. Deutsche Bank and Wedbush like what the stock anyway.
Deutsche Bank and Wedbush analysts initiated coverage at “outperform” and “buy,” respectively, on Monday, with rosy price targets.
Shares of the buy now, pay later firm opened at $52 on Sept. 10 but entered Monday at $40.69. Still, Deutsche Bank and Wedbush gave the stock a price target of $50 and $48, respectively, with the latter saying Klarna’s “emphasis on global expansion (particularly in the US), coupled with its strong brand recognition and high user engagement, further strengthens its long-term growth prospects.”
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Stock Futures Point Higher After Dow, S&P 500 Close at Records
15 hr 7 min ago
Futures tied to the Dow Jones Industrial Average advanced 0.2%.
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S&P 500 futures were up 0.3%.
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Nasdaq 100 futures rose 0.7%.
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