U.S. equities traded mixed in Monday’s midday trade, with the Advanced Micro Devices Inc. (AMD) rally following the announcement of the OpenAI deal, pushing the Nasdaq to a new all-time high. However, the Dow Jones Industrial Average edged lower.
The SPDR S&P 500 ETF (SPY), which mirrors the S&P 500 index, was up 0.38% at the time of writing, while the Invesco QQQ Trust (QQQ), which mirrors the Nasdaq, rose 0.85%. The SPDR Dow Jones Industrial Average ETF Trust (DIA), which tracks the Dow Jones Industrial Average, declined 0.23%.
Here are the top stocks making the biggest moves in Monday’s midday trade:
Advanced Micro Devices Inc. (AMD)
Advanced Micro Devices’ shares ripped over 29% in Monday’s midday trade after the announcement of a multi-year deal with OpenAI for six gigawatts worth of AMD chips. OpenAI will receive warrants for 160 million AMD shares at $0.01 per share. If OpenAI exercises these warrants, it will amount to a nearly 10% stake in AMD. The warrants will be awarded in phases, depending on OpenAI hitting certain deployment milestones.
AMD stock is up 76% year-to-date.
Critical Metals shares surged more than 75% in Monday’s midday trade following a report on Friday stating that the Trump administration is considering picking up a stake in the company. However, the administration denied any such plans, according to a Bloomberg report citing a White House official. Following the latest report, the shares pared some of their early gains.
CRML stock is up 106% year-to-date.
Verizon Communications Inc. (VZ)
Verizon shares were down nearly 5% in Monday’s midday session after the company announced a leadership change, appointing former PayPal Holdings Inc. (PYPL) CEO Dan Schulman as its new chief executive, effective immediately. Schulman will succeed Hans Vestberg.
VZ stock is up 4% year-to-date.
Comerica shares were up more than 14% in Monday’s midday trade after Fifth Third Bancorp (FITB) announced that it will acquire the former in a $10.9 billion all-stock deal. The deal would create the ninth-largest U.S. bank with about $288 billion in assets.
CMA stock is up 32% year-to-date.
Hive Digital Technologies Inc. (HIVE)
Hive Digital shares rose more than 22% in Monday’s midday session after the company announced that it had more than doubled its Bitcoin (BTC) production rate annually in September. Hive produced 267 BTC in September, representing a 138% increase compared to the same month in 2024.
HIVE stock is up 87% year-to-date.
Also See: Nike CEO Elliott Hill Reportedly Says Turnaround Will Take A While: 'It's Not Linear'
For updates and corrections, email newsroom[at]stocktwits[dot]com.