The IPO market is coming back to life in 2025, fueled by a favorable business climate under President Donald Trump&#8217;s second term and a burst in investor demand for new equity stories as risk sentiment runs at full <a href="https://www.benzinga.com/markets">throttle on Wall Street. </a>



So far in 2025, 163 companies have gone public in the U.S., marking a 49.5% increase over the 109 IPOs of 2024. Total proceeds collected this year have reached $31 billion, a 17.1% rise from last year, and there's still a full quarter left to go.



The revival stands in stark contrast to the post-2021 cooldown, when high borrowing costs and rampant inflation had all but frozen new listings. 



While still far from the frothy heights of 2021 — when 397 IPOs raised a staggering $142.4 billion — the IPO market is showing its strongest momentum in four years.



<h2 class="wp-block-heading">Biggest Quarter For IPO Market Since 2021</h2>



According to Renaissance Capital, the third quarter of 2025 marked a turning point. The U.S. IPO market saw 64 deals that raised $15.3 billion, making it the most active quarter since 2021.



"Renewed interest in growth stocks allowed many of these names to price above the midpoint," Renaissance said, noting a steady ramp-up in issuance from July through September. 



Twenty-four IPOs raised over $100 million, led by headline names like Etoiles Capital Group Co. Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/EFTY">EFTY</a>) with $5.6 billion, Klarna Group plc (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/KLAR">KLAR</a>) with $1.3 billion and Figma Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/FIG">FIG</a>) with $1.2 billion. Figma, in particular, electrified Wall Street with a stunning 250% surge on its trading debut.



The shift in sentiment is also being reflected in market performance. 



The Renaissance IPO ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/IPO">IPO</a>), which tracks the performance of newly listed companies, is now outperforming the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SPY">SPY</a>) by roughly 1% in 2025, after lagging the benchmark by more than 6 percentage points last year.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="556" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07153410/image-171-1024x556.png" alt="" class="wp-image-1102951" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07153410/image-171-1024x556.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07153410/image-171-300x163.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07153410/image-171-768x417.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07153410/image-171-1536x834.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07153410/image-171-2048x1112.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h2 class="wp-block-heading">Five IPOs Have Already Gained Over 400%—Did You Miss the Rally?</h2>



IPO returns have been staggering for a select few. Below are five standout performers that have surged more than 400% since debuting this year.



5) Anbio Biotechnology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NNNN">NNNN</a>) Specializing in diagnostic and point-of-care biotech solutions, Anbio's February IPO priced at $5.00. Shares have soared to $28.27, a 470.34% gain despite recent volatility.



4) Diginex Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/DGNX">DGNX</a>) A fast-growing software company specializing in decentralized digital identity and compliance tools, Diginex raised $9 million in January. The stock has risen 492.88% since its $4.00 IPO.



3) Rich Sparkle Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/ANPA">ANPA</a>) A provider of commercial support services in Southeast Asia, Rich Sparkle listed in July at $4.00 per share. Its current price of $27.40 marks a 585% surge.



2) Jyong Biotech Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MENS">MENS</a>) This biotech firm, which focuses on hormone-related therapies, has exploded since its June debut. From an IPO price of $7.00, the stock now trades at $52.23, up 647.27%, giving it a market cap of over $4 billion.



1) Epsium Enterprise Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/EPSM">EPSM</a>) A distributor operating in niche industrial sectors, Epsium debuted in March at $4.00. Shares now trade at $32.30, up 707.63%. The company raised just $5 million through a modest 1.25 million share offering.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/10/48081970/ai-investing-us-china-tech-cqqq-qqq">Going All-In On US AI Stocks? You&#8217;re Missing The China Trade, Alpine Macro Says</a></li>
</ul>



Image created using photos from Shutterstock.

Broad U.S. Equity ETFs

Specialty ETFs

Small Cap

IPOs

Startups

Tech

ETFs

ANPA

DGNX

EFTY

EPSM

KLAR

MENS

NNNN

STUB

Trump Sparks A 2025 IPO Boom: 5 New Stocks Have Rallied Over 400%

Once convicted of fraud for misleading investors, Nikola Corporation founder and former CEO Trevor Milton is ready to make his comeback after being pardoned by President Donald Trump and <a href="https://www.benzinga.com/markets/equities/25/03/44528332/trump-pardons-nikola-founder-trevor-milton-short-seller-jim-chanos-reacts-please-tell-me-this-is-a-hoax">released from jail.</a>



<h2 class="wp-block-heading">Milton Targets New Sector</h2>



While at Nikola, Milton targeted the electric vehicle sector with a focus on hydrogen. On Tuesday, Milton announced he is now hoping to transform <a href="https://www.benzinga.com/topic/aerospace">the aerospace sector.</a>



"Finally. I get to tell you what I have been working on! I'm so excited to tell you about my new project: SyberJet," Milton said in a <a href="https://x.com/nikolatrevor/status/1975617031644062157">post </a>on X.



Milton said the SJ30 from SyberJet is the "farthest-flying light jet" to ever get certified by the FAA. He said the company will make the SJ36 next, pushing boundaries for speed, range, altitude and comfort.



"This is my comeback and it starts now with SyberJet."



In the video post, Milton shares what he's been up to, which includes being pardoned by Trump and recently having the SEC drop a case against him.



"I purchased this company with a group of people called SyberJet."



Milton said that the company was sitting dormant and he was able to scoop it up.



The former Nikola CEO is serving as CEO of the company as they push to get new planes in the sky.



"I get to transform the aviation industry, like I got to do for the transportation industry."



As CEO, Milton will help the company develop the SJ36, which is being designed as the first light jet capable of flying from Los Angeles to Hawaii or New York City to Los Angeles non-stop. The airplane will be designed for 10 people, one pilot, one crew member and eight passengers.



Milton said that everyone is doing electric and hydrogen-powered semi-trucks now because of what he started at Nikola.



"The world followed us."



Milton said he brought over several former Nikola employees, including engineers, to help him push SyberJet forward.



Read Also:<a href="https://www.benzinga.com/news/topics/25/07/46598941/tucker-carlsons-milton-interview-sparks-outrage-bill-ackman-backs-hindenburg-founder-against-former-nikola-ceo-calls-him-convicted-corporate-stock-market-fraudster"> Tucker Carlson&#8217;s Milton Interview Sparks Outrage: Bill Ackman Backs Hindenburg Founder Against Former Nikola CEO, Calls Him &#8216;Convicted Corporate Stock Market Fraudster&#8217;</a>



<h2 class="wp-block-heading">Milton's Comeback To Be Recorded</h2>



Trevor Milton was previously convicted of fraud for misleading investors, a conviction that resulted in a <a href="https://www.benzinga.com/news/23/12/36289800/nikola-founder-trevor-milton-sentenced-to-4-years-in-prison-for-fraud">four-year prison sentence</a>. Milton was pardoned by Trump in March 2025. 



"Talk about a comeback. It's like the American dream. Everyone falls down, everyone gets their butts kicked in life," Milton said in the video.



He said that everyone has to be willing to be okay with this and move on, something he is now ready to do. The former Nikola CEO said he feels 10 times stronger than when he was at the EV company.



Part of Milton's comeback includes creating a YouTube series that will follow SyberJet through production. The first episodes are expected to be released in fall 2026, according to the company.



With the company already securing FAA certification on a previous airplane model, Milton said the hope is to modify and change that model, bringing the latest automotive technology to the sector. This includes having SyberJet be the first airplane with over-the-air updating.



Milton's hope is to have production of airplanes in five to six years.



"Follow along with the journey. I'm so excited to bring you guys along."



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/24/06/39239670/nikola-founder-and-convicted-felon-trevor-milton-files-lawsuit-against-present-chief-legal-officer-d">Nikola Founder And Convicted Felon Trevor Milton Files Lawsuit Against Present Chief Legal Officer, Directors Alleging Malpractice</a></li>
</ul>



Photo: SJ30 courtesy SyberJet

Short Sellers

Management

Nikola Founder Trevor Milton Is Out Of Jail: His 'Comeback Story' Targets This Sector

IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/IBM">IBM</a>) and Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GOOGL">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GOOG">GOOG</a>) Google are chasing error correction with superconducting qubits. Still, Rigetti Computing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/RGTI">RGTI</a>) CEO Subodh Kulkarni says the company's proprietary chiplet architecture gives it a measurable edge.



<ul class="wp-block-list">
<li>Track RGTI stock <a href="https://www.benzinga.com/quote/RGTI">here</a>.</li>
</ul>



"Having already validated our chiplet-based approach, we are confident that our 100+ qubit system planned for the end of 2025 will achieve the same fidelity," Kulkarni told Benzinga in an exclusive email interview, highlighting the company's 2025 roadmap toward quantum advantage.



Read Also: <a href="https://www.benzinga.com/markets/tech/25/07/46473075/exclusive-this-stocks-up-1300-but-ceo-says-the-real-payoffs-4-years-away" target="_blank" rel="noreferrer noopener">EXCLUSIVE: This Stock&#8217;s Up 1,300% — But CEO Says The Real Payoff&#8217;s 4 Years Away</a>



<h2 class="wp-block-heading">Cepheus-1-36Q: Scaling With Precision</h2>



The Cepheus-1-36Q system, Rigetti's latest multi-chip quantum computer, combines four 9-qubit chiplets into the largest system on the market. "Cepheus-1-36Q…achieved a 99.5% median 2-qubit gate fidelity. This is half the error rate of our single-chip 84-qubit Ankaa-3 system," Kulkarni noted. 



He also pointed to other critical IP for scaling, including "3D signaling and inter-module connectivity technology, and a novel chip fabrication process for more precise frequency tuning of our qubits (Alternating-Bias Assisted Annealing)," underscoring the company's focus on reducing errors while expanding qubit counts.



<h2 class="wp-block-heading">Partnerships And Modular Advantage</h2>



Rigetti's architecture allows partnerships that further strengthen its position in the quantum ecosystem. "We have an open, modular architecture that allows us to partner with companies like Riverlane for error correction, Quanta for control systems, NVIDIA for CUDA-q, etc.," Kulkarni said. By integrating Nvidia Corp's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NVDA">NVDA</a>) CUDA-q and other specialized partners, Rigetti is positioning itself to execute faster than competitors while maintaining flexibility across hardware and software layers.



<h2 class="wp-block-heading">Why It Matters</h2>



Rigetti's combination of proven chiplet architecture, high-fidelity multi-chip systems, and strategic partnerships with Nvidia and other technology providers provides investors with tangible milestones to monitor.



As IBM and Google race to scale error-corrected qubits, Rigetti's roadmap — validated by Cepheus-1-36Q — provides measurable progress and a clear path toward its 2025 100+ qubit target.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/hedge-funds/25/09/47917388/rigetti-stock-boom-ken-griffin-tudor-jones-land-163-windfall-in-88-days">Rigetti Stock Boom: Ken Griffin, Tudor Jones Land 163% Windfall In 88 Days</a></li>
</ul>



Photo: Shutterstock

Long Ideas

Exclusives

Trading Ideas

Interview

GOOG

GOOGL

NVDA

RGTI

EXCLUSIVE: Rigetti Leverages Nvidia, Chiplets To Outpace IBM And Google In Quantum Race

Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/TSLA">TSLA</a>) on Tuesday unveiled that the price of its new Model Y would be set below $40,000, sparking interest among <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/10/48058934/cathie-wood-tom-lee-align-on-these-10-stock-picks-some-might-surprise-you">investors and consumers. </a>



<h2 class="wp-block-heading">Model Y</h2>



The company&#8217;s announcement coincides with the release of a new version of its supervised self-driving technology, further fueling anticipation in the electric vehicle market, <a href="https://www.cnbc.com/2025/10/07/tesla-stock-roadster-budget-model-y.html">according </a>to CNBC.



Read Next: <a href="https://www.benzinga.com/trading-ideas/movers/25/10/48079990/trump-ignites-metal-stock-frenzy-these-names-could-be-next">Trump Ignites Metal Stock Frenzy—These Names Could Be Next</a>



Excitement reached a fever pitch over the weekend when Tesla teased a <a href="https://www.benzinga.com/markets/tech/25/10/48035768/elon-musk-led-tesla-releases-cryptic-teasers-could-this-finally-be-affordable-model-y-or-roadster">mysterious spinning part</a> emblazoned with its logo, leaving followers guessing whether it was a fan, wheel cover, or something entirely unexpected. 



The cryptic video concluded with "10/7," pointing to a reveal date. Another teaser followed, showing the silhouette of headlights glowing in the dark, boosting online speculation.



Investor attention quickly translated into financial momentum. Tesla's stock surged by 5% on Monday, reflecting hopes for a budget version of the Model Y and curiosity about updates on the next-generation Roadster—a model CEO Elon Musk has discussed for years, but has yet to deliver.



The new Model Y, priced at $39,990, marks the first new addition to Tesla&#8217;s lineup since the introduction of the Cybertruck, the brand's distinctive steel pickup truck, which launched in late 2023.



Despite much marketing fanfare, the Cybertruck stumbled at its unveiling event in 2019 due to a broken window demonstration and failed to capture the mass appeal of the Model 3 or Model Y. It has also faced several voluntary recalls in the U.S.



<h2 class="wp-block-heading">Optimus</h2>



Tesla's ambitions also extend to <a href="https://www.benzinga.com/markets/tech/25/10/48035011/elon-musk-releases-video-showcasing-optimus-robot-performing-martial-arts-moves-says-not-teleoperated-amid-ai-push">humanoid robots</a>, with Musk touting future factory helpers and household assistants. 



Still, the Optimus robot has yet to go on sale, while competitors have already launched their bipedal robots.



The company's stock, after slumping 36% in the year's first quarter, rebounded sharply and climbed 40% in the third quarter, partly thanks to Musk purchasing $1 billion in Tesla shares. 



Tesla stock is now up 9% in 2025. 



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/10/48082767/datavault-ai-stocks-face-melting-720-rally-what-to-know">Datavault AI Stock&#8217;s Face-Melting 720% Rally—What To Know</a></li>
</ul>



Photo: Shutterstock

Large Cap

News

Movers

TSLA

Tesla Model Y Debuts At $39,990 On Heels Of Cryptic Video

The Trump administration's direct investments in the metals sector has triggered a sweeping rally, with rare earths and battery metal stocks rocketing on prospects of federal backing and <a href="https://www.benzinga.com/trading-ideas/movers/25/10/48058066/trilogy-metals-stock-soars-after-us-government-announces-10-stake">strategic policy changes.&nbsp;</a>



<ul class="wp-block-list">
<li>TMQ stock is soaring.<a href="https://www.benzinga.com/quote/TMQ"> See the real-time price action here. </a></li>
</ul>



The White House has already <a href="https://www.benzinga.com/markets/equities/25/10/48061018/trump-administration-now-holds-stakes-in-5-public-companies-heres-a-list-intc-mp-lac-and-more">taken stakes</a> in MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MP">MP</a>), Lithium Americas Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/LAC">LAC</a>) and most recently, Trilogy Metals, Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/quote/TMQ">TMQ</a>).&nbsp;



Investors are scouting other companies that could draw interest and support from the Trump administration.&nbsp;



Read Next: <a href="https://www.benzinga.com/markets/large-cap/25/10/47996067/tesla-rivals-brace-for-ev-market-collapse-thanks-to-trump">Tesla, Rivals Brace For EV Market &#8216;Collapse&#8217;—Thanks To Trump</a>



"Investors have to ask ‘who's next?' because the stocks are moving fantastically on this news no matter what the actual details are of these announcements," David Deckelbaum, analyst with TD Cowen,<a href="https://www.bloomberg.com/news/articles/2025-10-07/investors-place-bets-on-trump-team-s-next-investment-target"> told </a>Bloomberg.



<h2 class="wp-block-heading">Next in Line? Northern Dynasty Minerals (NAK)</h2>



Northern Dynasty Minerals Ltd. (AMEX:<a class="ticker" href="https://www.benzinga.com/quote/NAK">NAK</a>) could also be targeted by the Trump administration for investment, given its Pebble Project in Alaska—one of the largest undeveloped copper-gold-molybdenum deposits in the world.&nbsp;



<h2 class="wp-block-heading">USA Rare Earth (USAR): White House Talks Ignite Rally</h2>



USA Rare Earth, Inc. (USAR) has drawn attention from investors after the CEO's confirmation of ongoing "close communication" with the Trump administration<a href="https://www.benzinga.com/trading-ideas/movers/25/10/48015198/usa-rare-earth-stock-jumps-on-white-house-talks-will-trump-take-a-stake"> amplified speculation</a> that a federal investment could be coming.&nbsp;



The company is currently working on a rare earth mining project in Sierra Blanca, Texas, and a magnet manufacturing site in Stillwater, Oklahoma.&nbsp;



Read Next: <a href="https://www.benzinga.com/trading-ideas/movers/25/10/48023764/tesla-set-to-hit-3-trillion-in-2026-dan-ives">Tesla Set To Hit $3 Trillion in 2026—Dan Ives</a>



<h2 class="wp-block-heading">TMC The Metals Company (TMC): Deep-Sea Surge</h2>



TMC The Metals Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/TMC">TMC</a>), focused on deep-sea mining of cobalt and nickel, has surged more than 650% year-to-date on signals of White House support and added uncertainty from U.S.-China trade tensions.&nbsp;



TMC's innovative approach to resource development has drawn heightened interest from both investors and policy makers as the U.S. aims to bolster domestic production.&nbsp;



<h2 class="wp-block-heading">Critical Metals (CRML): Strategic Greenland Bet</h2>



Critical Metals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/CRML">CRML</a>) spiked on Monday following reports the Trump administration is actively considering an equity stake in the company, reflecting its alignment with national security objectives surrounding the supply of rare earths.&nbsp;



However, the stock pulled back after a White House official <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/10/48050981/critical-metals-crml-stock-pulls-back-after-white-house-denies-investment">said the administration</a> is not actively pursuing an agreement with Critical Metals for its rare earths project in Greenland.



<h2 class="wp-block-heading">Outlook</h2>



Critical mineral stocks, companies tied to rare earths, lithium and battery metals could continue to see increased volatility as investors jockey to find the next White House darling to receive federal backing.&nbsp;



However, investors should be cautious as the future can be hard to predict.&nbsp;



"This is more speculation than anything else at this point," Deckelbaum told Bloomberg.&nbsp;



"The retail crowd, especially, is going to follow flows and momentum. And once the momentum stalls, you know, you can obviously see an opposite reaction," he said.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/10/48019438/trending-quantum-stocks-rigetti-and-d-wave-are-popping">Trending Quantum Stocks—Rigetti And D-Wave Are Popping</a></li>
</ul>



Photo: Shutterstock

Politics

CRML

USAR

Trump Ignites Metal Stock Frenzy—These Names Could Be Next

Risk sentiment is taking a breather after days of a relentless rally, with all major Wall Street indexes trading in negative territory and sharper declines hitting the most speculative <a href="https://www.benzinga.com/markets">assets, such as cryptocurrencies.</a>



Investors are showing early signs of profit-taking after the Nasdaq 100 and S&amp;P 500 surged roughly 50% and 40%, respectively, from their lows in April.



The blackout in economic data due to the U.S. government shutdown hasn't dented expectations that the Federal Reserve will continue to cut interest rates. Markets continue to price in a 95% chance of a 25-basis-point rate cut at the October 30 meeting.



Volatility is also on the rise, with the VIX up approximately 5%, while only defensive sectors—namely, consumer staples, utilities and healthcare—are avoiding losses.



Small caps are underperforming large caps, with the Russell 2000 down 1.1% in what could be its worst session since mid-August.



Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMD">AMD</a>)'s rally continues, rising another 4% after Monday's explosive 23.7% surge following its deal with OpenAI, as both Bank of America and Goldman Sachs raised their 12-month price targets to $250 and $210, respectively.



Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/F">F</a>) stands out among the laggards, plunging 6.5% in its worst day since February after a fire at Novelis, a key aluminum supplier, which is expected to disrupt production until early 2026. General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GM">GM</a>) also slipped 2.2%.



Gold futures smashed through the $4,000 mark in another historic session for the yellow metal, which has been setting record highs almost daily. It marks gold's eleventh gain in the past thirteen sessions. Silver, however, fell nearly 2%, dropping below $48 per ounce.



The crypto rally also took a pause. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) slid to $121,500, down 2.5%, snapping a six-day winning streak. Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) lost 4% to $4,500, Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) fell 4.2% to $223, and Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MSTR">MSTR</a>) tumbled 7%.



<h2 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h2>



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Major Indices</td><td>Price</td><td>1-day % chg</td></tr><tr><td>• Dow Jones</td><td>46,587.54</td><td>-0.2%</td></tr><tr><td>• S&amp;P 500</td><td>6,718.92</td><td>-0.3%</td></tr><tr><td>• Nasdaq 100</td><td>24,851.29</td><td>-0.5%</td></tr><tr><td>• Russell 2000</td><td>2,458.67</td><td>-1.0%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated by 1:15 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:



<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/VOO">VOO</a>) slipped 0.4% to $614.90.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DIA">DIA</a>) slipped 0.2% to $465.74.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/QQQ">QQQ</a>)&nbsp;eased 0.5% to $604.64.</li>



<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/IWM">IWM</a>) dropped 1% $244.26.</li>



<li>The&nbsp;Utilities&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/XLU">XLU</a>) outperformed, up 0.9%; the&nbsp;Consumer Discretionary&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/XLY">XLY</a>) lagged, down 1.1%.</li>
</ul>



S&amp;P 500&#8217;s Top 5 Gainers On Tuesday



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th>Name </th><th>% Change</th></tr></thead><tbody><tr><td>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/APP">APP</a>)</td><td>+7.26%</td></tr><tr><td>The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/EL">EL</a>)</td><td>+4.24%</td></tr><tr><td>PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PYPL">PYPL</a>)</td><td>+3.46%</td></tr><tr><td>Advanced Micro Devices, Inc. </td><td>+3.34%</td></tr><tr><td>Kenvue Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/KVUE">KVUE</a>)</td><td>+2.84%</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">S&amp;P 500&#8217;s Top 5 Losers On Tuesday</h2>



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th>Name (Exchange: Ticker)</th><th>% Change</th></tr></thead><tbody><tr><td>Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/STX">STX</a>)</td><td>-7.20%</td></tr><tr><td>Ford Motor Company </td><td>-6.26%</td></tr><tr><td>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DHI">DHI</a>)</td><td>-5.36%</td></tr><tr><td>Western Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/WDC">WDC</a>)</td><td>-4.87%</td></tr><tr><td>Teradyne, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/TER">TER</a>)</td><td>-4.35%</td></tr></tbody></table></figure>



Read now: 



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<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/10/48074088/amd-openai-deal-ai-chip-race-nvidia-partnership">AMD&#8217;s OpenAI Deal Could Spark A New AI Arms Race With Nvidia</a></li>
</ul>



Photo: Shutterstock

Equities

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$BTC

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$SOL

KVUE

MSTR

PYPL

Stocks, Bitcoin Slip, Gold Hits $4,000: What's Moving Markets Tuesday?

The hangover from the First Brands bankruptcy may be far from over for<a href="https://www.benzinga.com/money/what-is-private-equity-investing"> the private equity industry. </a>



While Wall Street's rally continues to break records, private equity stocks remain under pressure. Analysts now say the pressure may not ease soon.



In a note shared Tuesday, 22V Research's analyst Bill Hebel said private equity firms remain particularly exposed to the weakest parts of the consumer credit spectrum. 



<h2 class="wp-block-heading">Private Equity Still Under Pressure After First Brands Fallout, 22V Research Warns</h2>



In a research note shared on Tuesday, Bill Hebel of 22V Research stated that private equity firms are more exposed than banks to the weakest segments of consumer credit.



That vulnerability, he noted, ties them closely to the same structural pressures that helped topple First Brands—slowing income growth, the rollback of Affordable Care Act (ACA) benefits, rising tariffs and tighter immigration policies.



"Given the headwinds facing the low-end consumer—slowing labor income growth, the One Big Beautiful Bill&#8217;s ACA rollbacks, tariffs and immigration policy—going long high-end credit and short low-end credit is interesting right now," Hebel said.



<h2 class="wp-block-heading">Regional Banks vs. Private Equity Firms</h2>



The latest 22V analysis builds on a trend that's been emerging since First Brands' $10 billion bankruptcy last month. 



Despite the rate cut from the Federal Reserve and record equity valuations, private equity giants such as Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BX">BX</a>), Apollo Global Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/APO">APO</a>) and KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/KKR">KKR</a>) have dropped more than 10% in less than two weeks.



The slide began after First Brands' $10 billion bankruptcy, which exposed how complex debt structures, off-balance-sheet financing and overlapping claims can mask instability in private credit. While the collapse doesn't appear to pose systemic risk, 22V says it highlights structural weaknesses that investors can't ignore.



"We have high conviction that the low-end will not negatively impact the economic cycle," the firm said. "But it will have an impact on equity internals."



In other words, the economy may hold up—but not every sector will.



<h2 class="wp-block-heading">Chart: Two Weeks of Pain For Private Equity Stocks</h2>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="556" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07095944/image-166-1024x556.png" alt="" class="wp-image-1102360" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07095944/image-166-1024x556.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07095944/image-166-300x163.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07095944/image-166-768x417.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07095944/image-166-1536x834.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07095944/image-166-2048x1112.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h2 class="wp-block-heading">A Macro Divide: High-End vs. Low-End Credit</h2>



Hebel said the current environment "favors high-end over low-end consumer credit," reflecting the widening gap between financially secure households and those more vulnerable to inflation and policy shifts.



22V's trade idea mirrors that divide. The firm recommends going long SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/KRE">KRE</a>)—seen as a proxy for stronger credit quality—and shorting an equally weighted basket of private equity stocks: Apollo Global Management Inc., Ares Management Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/ARES">ARES</a>), Brookfield Corp., (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BN">BN</a>) Blackstone Inc., KKR &amp; Co. Inc. and Blue Owl Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/OWL">OWL</a>).



Hebel added that if 22V's forecast for higher 10-year Treasury yields materializes—driven by rising deficits and elevated term premiums—macro headwinds for private equity firms will likely persist.



<h2 class="wp-block-heading">Cracks Beneath The Surface</h2>



The collapse of First Brands may have stemmed from company-specific issues, including allegations of fraud and poor due diligence, but its broader implications have rippled across the credit landscape.



For now, investors continue to chase yield in a market still priced for perfection. 



Wall Street's main indexes sit at record highs, credit spreads remain tight and risk appetite shows few signs of fading. But the First Brands fallout suggests that in parts of the credit market—especially private equity—beneath the shine, the foundation may be shifting.



Read now: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/large-cap/25/10/48055643/private-equity-stocks-selloff-first-brands-jefferies-tricolor-holdings">Private Equity Stocks Burn While Wall Street Parties—Is A Credit Crunch Brewing?</a></li>
</ul>



Photo: Shutterstock

Macro Economic Events

ARES

Why Analysts Are Bearish On Private Equity Stocks After First Brands' Collapse

Advanced Micro Devices Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMD">AMD</a>) multi-year deal with OpenAI could unlock $135 billion in revenue and mount a serious challenge to Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NVDA">NVDA</a>) long-standing <a href="https://www.benzinga.com/topic/ai">dominance, according to Goldman Sachs</a>. 



In a note shared Tuesday, the bank&#8217;s analyst James Schneider called the announcement "a strong positive" for the AMD&#8217;s long-term GPU business and significantly raised its earnings estimates and price target. 



Goldman hiked its 12-month price target on AMD stock to $210, up from $150. The firm kept a &#8220;Neutral&#8221; rating due to funding risks and heavy customer concentration.



See Also: <a href="https://www.benzinga.com/markets/equities/25/10/48064110/tom-lee-sees-powerful-tailwinds-despite-goverment-shutdown-calls-current-scenario-the-most-hated-v-shaped-rally">Tom Lee Sees &#8216;Powerful Tailwinds&#8217; Despite Goverment Shutdown, &#8216;Most Hated V-Shaped Rally&#8217;</a>



<h2 class="wp-block-heading">How Big Is OpenAI&#8217;s Opportunity For AMD?</h2>



The <a href="https://www.benzinga.com/markets/tech/25/10/48039154/chatgpt-parent-openai-amd-partner-in-landmark-ai-deal">AMD-OpenAI deal</a> involves deploying a staggering 6 gigawatts (GW) of AMD GPUs—graphics processing units—to power OpenAI's expanding data center infrastructure over the next several years.



In return, OpenAI could receive up to 160 million AMD shares—valued at around $75 billion, or roughly 10% of the company—through performance-based warrants that vest in stages as GPU deployments progress, with the final tranche triggered by the sixth gigawatt and a $600 AMD share price.



According to Goldman Sachs, the OpenAI deal represents a $135 billion revenue opportunity for AMD based on projected average selling prices for GPU deployments. 



The bank now expects AMD's earnings per share (EPS), excluding stock-based compensation, to rise by 21% in 2026 and 62% in 2027.



Goldman's new assumptions forecast staggered GPU deployments starting with 0.25GW in 2026 and scaling to 2GW by 2030. 



Based on this timeline and estimated GPU pricing of $22.5 billion per GW, AMD could see massive top-line growth while also capturing a meaningful share of the AI accelerator market currently dominated by Nvidia.



The deal also gives AMD access to OpenAI's training stack—previously a near-exclusive Nvidia stronghold—signaling a potential shift in AI chip architecture preferences among leading developers.



See Also: <a href="https://www.benzinga.com/markets/equities/25/10/48061268/analysts-react-to-openais-wild-100-billion-deal-with-amd-were-in-the-second-inning-of-a-nine-inning-game-says-dan-ives">Dan Ives Reacts To OpenAI&#8217;s &#8216;Wild&#8217; $100B Deal With AMD: &#8216;We&#8217;re In The Second Inning of A Nine-Inning Game&#8217;</a>



<h2 class="wp-block-heading">AMD Partners With OpenAI: Is Nvidia Losing Ground?</h2>



Nvidia remains the clear leader in AI chips, particularly for training large language models. But the AMD-OpenAI tie-up represents a "modest incremental negative" for Nvidia. According to Goldman Sachs, it reduces the firm's lock on OpenAI's training workloads.



Still, the bank isn't signaling a massive transfer of market share just yet. 



Nvidia remains a key player, but it now faces an emboldened rival backed by one of the world's most prominent AI developers.



<h2 class="wp-block-heading">What Are The Risks For AMD?</h2>



Despite the upside, Goldman is not turning outright bullish. 



The bank maintains a neutral rating on AMD, citing "significant customer concentration," with OpenAI potentially accounting for more than 40% of AMD's revenue by 2027.



There are also questions about OpenAI's ability to secure sufficient funding to support this multi-year GPU deployment plan. 



If OpenAI fails to meet its financing goals, AMD&#8217;s projected revenue gains could be delayed or reduced.



<h2 class="wp-block-heading">Upside Is Limited—For Now</h2>



Following AMD&#8217;s 23% rally on Monday, the new target implies only a 3.1% upside from Monday&#8217;s closing price of $203.71. This suggests that much of the optimism is already priced in.



The risk-reward profile, however, could improve quickly if AMD executes well and OpenAI secures continued funding. In such a scenario, Goldman said it could become "more constructive" on AMD shares in future quarters.



Now Read:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/large-cap/25/10/48055643/private-equity-stocks-selloff-first-brands-jefferies-tricolor-holdings">Private Equity Stocks Burn While Wall Street Parties—Is A Credit Crunch Brewing?</a></li>
</ul>



Image: Shutterstock

AMD's OpenAI Deal Could Spark A New AI Arms Race With Nvidia

McCormick &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MKC">MKC</a>) shares dropped in premarket trading Tuesday despite the company's third-quarter earnings surpassing analyst estimates. The decline was driven by investor concerns over rising costs and a trimmed outlook for earnings per share.

The global manufacturer,&nbsp;marketer, and&nbsp;distributor&nbsp;of&nbsp;spices,&nbsp;herbs,&nbsp;extracts,&nbsp;and seasonings <a target="_blank" href="https://www.benzinga.com/pressreleases/25/10/n48068256/mccormick-reports-third-quarter-performance-reaffirms-strong-sales-growth-and-updates-2025-profita" rel="noreferrer noopener">reported</a> third-quarter adjusted earnings per share of 85 cents, beating the analyst consensus estimate of 81 cents.



Quarterly sales of $1.724 billion outpaced the Street view of $1.713 billion.



Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/25/10/48065664/stock-market-today-dow-jones-nasdaq-futures-slip-amid-delay-in-trade-deficit-data-during-shutdown-trilogy-metals-amd-applovin-in-focus" rel="noreferrer noopener">Stock Market Today: Dow Jones, Nasdaq Futures Slip Amid Delay In Trade Deficit Data During Shutdown—Trilogy Metals, AMD, Applovin In Focus</a>



Net sales rose 3% in the third quarter, including a 1% currency tailwind.



Consumer segment net sales increased 4% from the third quarter of 2024 to&nbsp;$973 million, including a 1% favorable impact from currency.



Organic sales increased 3%, driven by volume and product mix. Brendan M. Foley, CEO, stated, &#8220;Our third quarter results marked our fifth consecutive quarter of volume-led growth, reflecting our differentiation and the benefit of continued investments in our brands, expanded distribution, and innovation.&#8221;



Total Flavor Solutions sales rose 1.2% as reported in the quarter under review.



Adjusted gross profit fell 0.6% year over year to $646.1 million. Adjusted gross margin fell 120 basis points to 37.5%. The contraction was driven by higher commodity costs, tariffs, and costs to support increased capacity for future growth.



Adjusted operating income increased to $294 million from $288 million. Adjusted operating margin fell 20 basis points to 17%.



The company exited the quarter with cash and equivalents worth $94.9 million. Operating cash flow, or net cash from operating activities, totaled $420.2 million for the nine months ended August 31, 2025, down from $463.2 million in the same period last year.



<h2 class="wp-block-heading">Outlook</h2>



McCormick &amp; Co. trimmed its full-year 2025 adjusted EPS outlook to $3.00–$3.05 from $3.03–$3.08, versus the $3.04 consensus estimate. The company maintained its constant-currency net sales growth guidance of 1%–3%.



&#8220;Amid rising inflation from higher commodity costs and tariffs, we continue to invest in our growth plans, supported by our cost savings initiatives, which strengthen our resilience and differentiated fundamentals,&#8221; the CEO added.&nbsp;



MKC Price Action: McCormick stock was trading lower by 1.89% to $67.00&nbsp;premarket at last check Tuesday.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/10/48061127/famed-short-seller-jim-chanos-questions-amds-revenue-forecast-following-openai-deal-shouldnt-this-deal-bring-in-more-for-amd" target="_blank" rel="noreferrer noopener">Famed Short-Seller Jim Chanos Questions AMD&#8217;s Revenue Forecast Following OpenAI Deal: &#8216;Shouldn&#8217;t This Deal Bring In More… For $AMD?&#8217;</a></li>
</ul>



Photo via Shutterstock

Earnings

Guidance

Markets

General

Spices Giant McCormick Cuts Profit Outlook As Tariffs And Costs Bite

Fundstrat&#8217;s Tom Lee has expressed optimism about the U.S. economy despite the ongoing government shutdown, citing two key factors that could drive investor confidence. 



<h2 class="wp-block-heading">AI and Dovish Fed Could Spark Growth</h2>



In an interview with CNBC on Monday, Lee said massive investments in the artificial intelligence sector and the Federal Reserve&#8217;s dovish stance are &#8220;powerful tailwinds&#8221; for the economy.



The Fed&#8217;s 9-month pause on <a href="https://www.benzinga.com/markets/economic-data/25/09/47723450/federal-reserve-interest-rate-decision-september-2025-dot-plot-economic-projections">interest rate cuts until September</a> kept the Institute for Supply Management (ISM) Manufacturing Purchasing Managers&#8217; Index (PMI) below 50 for 31 consecutive months, Lee said.



Now the Fed&#8217;s dovish, which is basically a lifeline for the economy, he added. 



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Tom Lee: This is the most hated V-shaped rally" width="500" height="281" src="https://www.youtube.com/embed/F1XpXyGSMuI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



He also suggested that once the cautious manufacturing sector crosses the 50 mark, the economy will shift back to expansion mode, benefiting financial stocks, small caps, and the tech rally.



<h2 class="wp-block-heading">Market Rally ‘Hated,' Fed May Ease Policy: Lee</h2>



Lee said a government shutdown disrupts economic activity and weakens confidence, necessitating a more dovish stance from the Fed. 



&#8220;A shutdown makes people nervous, and so the Fed will have to be even more dovish&#8230; that&#8217;s why stocks can rally even more than they have already.&#8221;



He added that despite a 30% rally in stocks, investors have been really skeptical, ahead of the fourth quarter, leading to what he calls &#8220;the most hated V-shaped rally.&#8221;



See Also: <a href="https://benzinga.com/crypto/cryptocurrency/25/10/48060058/pepe-outpaces-bitcoin-xrp-after-3-spike-analyst-draws-parallels-with-earlier-1000-rally-calls-price-action-insane" target="_blank" rel="noreferrer noopener">PEPE Outpaces Bitcoin, XRP After 3% Spike, Analyst Draws Parallels With Earlier 1000% Rally, Calls Price Action &#8216;Insane&#8217; &#8211; Benzinga</a>



<h2 class="wp-block-heading">Lee Counters Fed Caution</h2>



The Wall Street analyst&#8217;s comments come in the wake of his <a href="https://www.benzinga.com/markets/economic-data/25/09/47837669/tom-lee-claps-back-at-powells-overvalued-markets-warning-says-fed-has-never-considered-stocks-attractively-priced">previous response to Federal Reserve Chair</a> Jerome Powell&#8217;s assertion that stock prices are &#8220;fairly highly valued.&#8221; Lee had then urged investors not to view Powell&#8217;s comments as a warning sign, suggesting that such caution is typical of the central bank.



The bullish outlook also contrasts with billionaire hedge fund legend Paul Tudor Jones&#8216; <a href="https://www.benzinga.com/markets/hedge-funds/25/10/48047351/paul-tudor-jones-sees-stock-market-blow-off-with-a-really-really-bad-end">warning of a potential &#8220;blow off&#8221; rally</a> with a &#8220;really, really bad&#8221; end. Jones had pointed out similarities between today&#8217;s tech-heavy market and the late 1990s dotcom surge, cautioning that the current fiscal-monetary combination is unprecedented since the early postwar period.



<h2 class="wp-block-heading">Price Action</h2>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SPY">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/quote/qqq">QQQ</a>) climbed 3.51% and 4.98% over the past month, respectively, according to <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro</a> data.



READ MORE:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/10/48044753/3-undervalued-energy-stocks-turning-into-hot-buys">3 Undervalued Energy Stocks Turning Into Hot Buys</a></li>
</ul>



Image via Shutterstock



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

Tom Lee Sees 'Powerful Tailwinds' Despite Goverment Shutdown, Calls Current Scenario 'The Most Hated V-Shaped Rally'

Leading analysts are hailing Advanced Micro Devices Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMD">AMD</a>) <a href="https://www.benzinga.com/markets/tech/25/10/48039154/chatgpt-parent-openai-amd-partner-in-landmark-ai-deal">new partnership</a> with OpenAI as a breakthrough moment for the chipmaker, one that could propel it to the center of the AI arms race. 



<h2 class="wp-block-heading">Just The Start For AMD</h2>



Analyst Dan Ives of Wedbush Securities said that the deal, which involves ChatGPT parent OpenAI deploying up to 6 gigawatts of AMD Instinct GPU power, brings the chipmaker &#8220;right into the AI revolution,&#8221; and that &#8220;any lingering fears around AMD should now be thrown out the window,&#8221; while speaking on CNBC&#8217;s Closing Bell on Monday.



Ives also termed the partnership as a &#8220;validation moment for AI&#8221; and said the &#8220;street is still massively underestimating the spending on the AI revolution.&#8221;



See Also: <a href="https://www.benzinga.com/markets/tech/25/10/48051479/amd-stocks-sellerless-surge-cramers-crystal-ball-says-bubble-or-boom">AMD Stock&#8217;s Sellerless Surge: Cramer&#8217;s Crystal Ball Says Bubble Or Boom?</a>



Ives added that he believes this market is still in its early stages. &#8220;We're in the second inning of a nine-inning game,&#8221; he said. &#8220;I think this is actually just the start for AMD, before this next stage of the AI revolution takes hold.&#8221;



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Great to be on <a href="https://twitter.com/CNBCClosingBell?ref_src=twsrc%5Etfw">@CNBCClosingBell</a> with <a href="https://twitter.com/ScottWapnerCNBC?ref_src=twsrc%5Etfw">@ScottWapnerCNBC</a> discussing the watershed OpenAI/AMD deal and why this is further validation for the AI Revolution &#x1f3c6;&#x1f525;&#x1f402;&#x1f3af;&#x1f37f;&#x1f447; <a href="https://twitter.com/CNBC?ref_src=twsrc%5Etfw">@CNBC</a> <a href="https://t.co/Bl970zIOTn">https://t.co/Bl970zIOTn</a> <a href="https://t.co/VS9FuIAP4q">pic.twitter.com/VS9FuIAP4q</a>&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1975295637404213734?ref_src=twsrc%5Etfw">October 6, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">OpenAI&#8217;s Getting GPUs At A Discount</h2>



New Street Research analyst, Pierre Ferragu, described the deal as &#8220;wild,&#8221; saying that &#8220;OpenAI is getting GPUs at an average 40% discount.&#8221; He also said that the deal increases AMD&#8217;s chances of becoming a &#8220;sustainable challenger&#8221; to NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NVDA">NVDA</a>).



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I suspect Jensen is pissed about this. It gives AMD 40% share in f GPUs at OpenAI and got them OpenAi to own 10% of them. For AMD… waow! It means the chances they become a sustainable challenger to Nvidia are now very high. <a href="https://t.co/kDaGUF9Pul">https://t.co/kDaGUF9Pul</a>&mdash; Pierre Ferragu (@p_ferragu) <a href="https://twitter.com/p_ferragu/status/1975181595561660445?ref_src=twsrc%5Etfw">October 6, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">OpenAI&#8217;s Planned Build-Out &#8216;Roughly The Size of Mexico&#8217;s Economy&#8217;</h2>



The Chief Market Strategist at Futurum Equities, Shay Boloor, notes that with the backing of Nvidia and AMD, OpenAI&#8217;s planned AI infrastructure buildout reaches $1.5 trillion, which he said was &#8220;roughly the size of Mexico's economy.&#8221;



&#8220;Wild times,&#8221; he said. 



Vulcan Stock Research, an equity research firm, has since responded to Boloor&#8217;s comments, saying that the $1.5 trillion outlay will include the entire infrastructure, such as power, cooling, and facilities, among several other things, and not just chips. 



In a post on X, the firm notes that the figure falls short of Mexico&#8217;s GDP, which currently stands at $1.789 trillion, but acknowledges it as an &#8220;unprecedented scale&#8221; of investment for AI. 



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Long both <a href="https://twitter.com/search?q=%24AMD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AMD</a> <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a> &#8211; 25GW buildout is massive but $1.5T might include full infrastructure (power, cooling, facilities) not just chips. NVDA&#39;s $100B for 10GW + AMD&#39;s &quot;tens of billions&quot; for 6GW suggests $200-300B in chips, which becomes $600-900B with infrastructure multipliers.…&mdash; Vulcan Stock Research (@VulcanMK5) <a href="https://twitter.com/VulcanMK5/status/1975174754223985100?ref_src=twsrc%5Etfw">October 6, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Shares of AMD were up 23.71% on Monday, closing at $203.71, after the deal was announced, and are up another 1.99% after hours. The stock scores high across the board in Benzinga&#8217;s Edge Stock Rankings, apart from Value, and has a favorable price trend in the short, medium and long terms. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">here</a> for deeper insights into the stock. 



<figure class="wp-block-image aligncenter size-large is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img loading="lazy" decoding="async" width="1024" height="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07041216/Screenshot-2025-10-07-at-1.41.53-PM-1024x147.png" alt="" class="wp-image-1101661" style="width:688px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07041216/Screenshot-2025-10-07-at-1.41.53-PM-1024x147.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07041216/Screenshot-2025-10-07-at-1.41.53-PM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07041216/Screenshot-2025-10-07-at-1.41.53-PM-768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07041216/Screenshot-2025-10-07-at-1.41.53-PM.png 1528w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



Read More: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/10/48061127/famed-short-seller-jim-chanos-questions-amds-revenue-forecast-following-openai-deal-shouldnt-this-deal-bring-in-more-for-amd">Famed Short-Seller Jim Chanos Questions AMD&#8217;s Revenue Forecast Following OpenAI Deal: &#8216;Shouldn&#8217;t This Deal Bring In More… For $AMD?&#8217;</a></li>
</ul>



Photo courtesy: Svet foto / Shutterstock.com

Analysts React To OpenAI's 'Wild' $100 Billion Deal With AMD: 'We're In The Second Inning of A Nine-Inning Game,' Says Dan Ives

Editor&#8217;s Note: The future prices of benchmark tracking ETFs and lede were updated in the story.)



US futures trimmed earlier losses to trade slightly above the flatline on Tuesday, following Monday&#8217;s mixed moves. Futures of major benchmark indices were trading higher.



The Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMD">AMD</a>) <a href="https://www.benzinga.com/markets/tech/25/10/48039154/chatgpt-parent-openai-amd-partner-in-landmark-ai-deal">deal with</a> OpenAI fueled the rally in AI-linked stocks on Monday, which has been powering Wall Street&#8217;s bull run this year.



Meanwhile, President Donald Trump indicated willingness to work with the Democrats on healthcare and other policies, but only <a href="https://www.benzinga.com/news/politics/25/10/48060962/trump-happy-to-work-with-democrats-on-policies-amid-shutdown-but-theres-a-twist">after they reopened the government</a>, which is in its seventh day of a shutdown that began on Oct. 1. The U.S. trade deficit data, which was supposed to be released today, will be delayed because of the shutdown. ,



The 10-year Treasury bond yielded 4.17% and the two-year bond was at 3.59%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 92.5% likelihood of the Federal Reserve cutting the current interest rates in its October meeting. 



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Dow Jones</td><td>0.047%</td></tr><tr><td>S&amp;P 500</td><td>0.022%</td></tr><tr><td>Nasdaq 100</td><td>0.099%</td></tr><tr><td>Russell 2000</td><td>0.088%</td></tr></tbody></table></figure>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SPY">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/QQQ">QQQ</a>), which track the S&amp;P 500 index and the Nasdaq 100 index, respectively, rose in premarket on Tuesday. The SPY was up 0.027% at $671.79, while the QQQ advanced 0.082% to $608.21, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Shutdown Continues &#x7C; Trilogy Metals, AMD, Applovin In Focus" width="500" height="281" src="https://www.youtube.com/embed/DBv6m0YFsno?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



<h2 class="wp-block-heading">Stocks In Focus</h2>



<h3 class="wp-block-heading">Trilogy Metals</h3>



<ul class="wp-block-list">
<li>Trilogy Metals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/TMQ">TMQ</a>) skyrocketed 180.38% in premarket on Tuesday as the White House announced plans to take a 10% stake through a $35.6 million investment to support mining exploration in Alaska's Ambler Mining District.</li>



<li>TMQ maintained a stronger price trend over the short, medium, and long terms, as per Benzinga&#8217;s Edge Stock Rankings. Additional performance details are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="151" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050836/TMQ-EDGE-1-1024x151.png" alt="Benzinga's Edge Stock Rankings for TMQ. " class="wp-image-1101815" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050836/TMQ-EDGE-1-1024x151.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050836/TMQ-EDGE-1-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050836/TMQ-EDGE-1-768x113.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050836/TMQ-EDGE-1.png 1159w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h3 class="wp-block-heading">Advanced Micro Devices</h3>



<ul class="wp-block-list">
<li>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMD">AMD</a>) rose 2.57% after inking a deal with OpenAI, which involves AMD supplying its Instinct GPU accelerators for OpenAI's next-generation AI infrastructure.</li>



<li>Benzinga&#8217;s Edge Stock Rankings indicate that AMD maintains a stronger price trend in the short, medium, and long terms. However, the stock&#8217;s value ranking is relatively poor. Additional performance details are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="164" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050847/AMD-EDGE-OCT-7-1-1024x164.png" alt="Benzinga's Edge Stock Rankings for AMD. " class="wp-image-1101817" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050847/AMD-EDGE-OCT-7-1-1024x164.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050847/AMD-EDGE-OCT-7-1-300x48.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050847/AMD-EDGE-OCT-7-1-768x123.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050847/AMD-EDGE-OCT-7-1.png 1164w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h3 class="wp-block-heading">Applovin</h3>



<ul class="wp-block-list">
<li>Applovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/APP">APP</a>) tumbled 2.56% as the Securities and Exchange Commission (SEC) is investigating its data-collection practices, including potential violations of partners&#8217; service agreements related to ad targeting.</li>



<li>APP maintained a stronger price trend over the short, medium, and long terms, with a poor value ranking. Additional performance details, as per Benzinga&#8217;s Edge Stock Rankings, are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="152" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050858/APP-EDGE-1024x152.png" alt="Benzinga's Edge Stock Rankings for APP. " class="wp-image-1101818" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050858/APP-EDGE-1024x152.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050858/APP-EDGE-300x45.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050858/APP-EDGE-768x114.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050858/APP-EDGE.png 1150w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h3 class="wp-block-heading">Telomir Pharmaceuticals</h3>



<ul class="wp-block-list">
<li>Telomir Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/TELO">TELO</a>) jumped 30.99% after the company released promising preclinical study results for its lead compound, Telomir-1.</li>



<li>Benzinga&#8217;s Edge Stock Rankings indicate that TELO maintains a stronger price trend in the short and medium terms, but a poor price trend in the long term. Additional performance details are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="151" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050805/TELO-EDGE-1024x151.png" alt="Benzinga's Edge Stock Rankings for TELO. " class="wp-image-1101813" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050805/TELO-EDGE-1024x151.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050805/TELO-EDGE-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050805/TELO-EDGE-768x114.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050805/TELO-EDGE.png 1156w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h3 class="wp-block-heading">SANUWAVE Health</h3>



<ul class="wp-block-list">
<li>SANUWAVE Health Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SNWV">SNWV</a>) dropped 14.28% as it issued preliminary third-quarter revenue results below estimates and also cut its FY25 revenue guidance from $48 million-$50 million to $44 million-$46 million.</li>



<li>SNWV maintained a weaker price trend over the short and medium terms, but a stronger trend in the long term. Additional performance details, as per Benzinga&#8217;s Edge Stock Rankings, are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="150" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050753/SNWV-EDGE-1024x150.png" alt="Benzinga's Edge Stock Rankings for SNWV. " class="wp-image-1101812" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050753/SNWV-EDGE-1024x150.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050753/SNWV-EDGE-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050753/SNWV-EDGE-768x112.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/07050753/SNWV-EDGE.png 1156w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h2 class="wp-block-heading">Cues From Last Session</h2>



With utilities, consumer discretionary, and communication services stocks recording the biggest gains, most sectors on the S&amp;P 500 closed on a positive note on Monday. However, consumer staples and real estate stocks bucked the overall market trend, closing the session lower.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>0.71%</td><td>22,941.67</td></tr><tr><td>S&amp;P 500</td><td>0.36%</td><td>6,740.28</td></tr><tr><td>Dow Jones</td><td>-0.14%</td><td>46,694.97</td></tr><tr><td>Russell 2000</td><td>0.41%</td><td>2,486.35</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">Insights From Analysts</h2>



Corporate America is positioned to deliver another strong earnings season for the third quarter of 2025, with the financial impact of the Trump administration&#8217;s tariffs expected to be &#8220;much less than… anticipated&#8221;. An LPL Financial report predicts a quarter with &#8220;little suspense,&#8221; forecasting a &#8220;low-teens earnings growth rate for the S&amp;P 500&#8221;.



Jeffrey Buchbinder, LPL&#8217;s Chief Equity Strategist, says a resilient economy, strong investment in artificial intelligence (AI), and a weaker U.S. dollar provide &#8220;an excellent opportunity to post another low-teens earnings growth rate&#8221;. The muted tariff effects are attributed to several factors, including AI-driven productivity gains, special investment deals for major companies like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AAPL">AAPL</a>) and Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/INTC">INTC</a>), and costs being spread between exporters, importers, and consumers.



This performance follows an &#8220;outstanding second quarter earnings season&#8221;. LPL Research believes a &#8220;5% beat seems like a reasonable expectation&#8221; above current consensus estimates for the third quarter. While more tariff pressure is likely, Wall Street analysts expect profit margins to continue expanding.



See Also: <a href="ttps://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>



<h2 class="wp-block-heading">Upcoming Economic Data</h2>



Here's what investors will be keeping an eye on Tuesday;



<ul class="wp-block-list">
<li>August&#8217;s U.S. trade deficit will be delayed because of the government shutdown. Atlanta Fed President Raphael Bostic will speak at 10:00 a.m., and Federal Reserve Vice Chair for Supervision Michelle Bowman will speak at 10:05 a.m. ET.</li>



<li>Federal Reserve governor Stephen Miran will speak at 10:45 a.m. and again at 4:05 p.m., Minneapolis Fed President Neel Kashkari will speak at 11:30 a.m., and August&#8217;s consumer credit data will be out by 3:00 p.m. ET.</li>
</ul>



<h2 class="wp-block-heading">Commodities, Gold And Global Equity Markets</h2>



Crude oil futures were trading lower in the early New York session by 0.31% to hover around $61.48 per barrel.



Gold Spot US Dollar fell 0.20% to hover around $3,951.40 per ounce. Its last record high stood at $3,977.45 per ounce. The U.S. Dollar Index spot was 0.32% higher at the 98.4260 level.



Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was trading 0.04% higher at $123,954.19 per coin.



Asian markets closed higher on Tuesday, except Hong Kong's Hang Seng and Australia's ASX 200 indices. Japan's Nikkei 225, South Korea's Kospi, China&#8217;s CSI 300, and India&#8217;s NIFTY 50 indices rose. European markets were also mixed in early trade.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/10/48061127/famed-short-seller-jim-chanos-questions-amds-revenue-forecast-following-openai-deal-shouldnt-this-deal-bring-in-more-for-amd">Famed Short-Seller Jim Chanos Questions AMD&#8217;s Revenue Forecast Following OpenAI Deal: &#8216;Shouldn&#8217;t This Deal Bring In More… For $AMD?&#8217;</a></li>
</ul>



Photo courtesy: Frontpage / Shutterstock.com

Cryptocurrency

Market Summary

Futures

Treasuries

Federal Reserve

Pre-Market Outlook

Analyst Ratings

AAPL

INTC

SNWV

TELO

Stock Market Today: Dow Jones, Nasdaq 100, S&P 500 Futures Turn Green—Trilogy Metals, AMD, Applovin In Focus (UPDATED)

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index moved to the &#8220;Greed&#8221; zone on Monday.



U.S. stocks settled mostly higher on Monday, with the Nasdaq Composite gaining more than 150 points during the session. The S&amp;P 500 and Nasdaq Composite also settled at record highs on Monday.



All three major indices recorded gains last week, with the S&amp;P 500 gaining around 1.1% while the 30-stock Dow also jumped 1.1%.



Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMD">AMD</a>) shares jumped around 24% on Monday after the company announced a multi-year partnership with OpenAI to deploy 6 Gigawatts of AMD GPUs. Also, the company issued OpenAI a warrant for up to 160 million shares of its stock.



Most sectors on the S&amp;P 500 closed on a positive note, with utilities, consumer discretionary and communication services stocks recording the biggest gains on Monday. However, consumer staples and real estate stocks bucked the overall market trend, closing the session lower.



The Dow Jones closed lower by around 63 points to 46,694.97 on Monday. The S&amp;P 500 rose 0.36% to 6,740.28, while the Nasdaq Composite jumped 0.71% to 22,941.67 during Monday's session.



Investors are awaiting earnings results from McCormick &amp; Company Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MKC">MKC</a>) and Penguin Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PENG">PENG</a>) today.



What is CNN Business Fear &amp; Greed Index?



At a current reading of 56.7, the index moved to the &#8220;Greed&#8221; zone on Monday, versus a prior reading of 53.7.



The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/10/48039808/cramer-warns-on-one-chip-stock-says-broadcom-is-the-better-bet">Cramer Warns On One Chip Stock, Says Broadcom Is The Better Bet</a></li>
</ul>



Photo via Shutterstock

PENG

S&P 500 Settles At Record High, Investor Sentiment Improves, Fear Index Moves To 'Greed' Zone

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is up about 1% on Monday morning, with the &#8220;Supertrend&#8221; indicator turning bullish for the <a href="https://www.benzinga.com/money/bitcoin-price-prediction">first time since August.</a>



<h3 class="wp-block-heading">Supertrend Turns Positive As Breakout Zone Clears</h3>



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="2048" height="1440" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090636/btc-6th-oct-.png" alt="" class="wp-image-1100142" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090636/btc-6th-oct-.png 2048w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090636/btc-6th-oct--300x211.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090636/btc-6th-oct--1024x720.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090636/btc-6th-oct--768x540.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090636/btc-6th-oct--1536x1080.png 1536w" sizes="(max-width: 2048px) 100vw, 2048px" /></figure>



<a href="https://in.tradingview.com/symbols/BTCUSD/">BTC Key Technical Levels (Source: TradingView)</a>



Technical Analysis: The daily chart shows Bitcoin trying to break above a consolidation band between $107,000 and $125,000.&nbsp;



The Supertrend has flipped to a buy signal, while price action holds above the 20-day EMA at $117,259 and 50-day EMA at $115,256.



This marks the third breakout attempt in 2025. Unlike July and September's failed rallies, the latest move is supported by higher volume and indicator confirmation, adding weight to the bullish setup.



<h3 class="wp-block-heading">Bitcoin Inflows Top $400M As Institutions Fuel Rally</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="274" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06085952/image-128-1024x274.png" alt="" class="wp-image-1100129" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06085952/image-128-1024x274.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06085952/image-128-300x80.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06085952/image-128-768x206.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06085952/image-128-1536x411.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06085952/image-128.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://www.coinglass.com/currencies/BTC/spot">BTC On-Chain Activity (Source: Coinglass)</a>



On-chain flows confirm momentum. As per Coinglass data, Bitcoin recorded $59.9 million in net inflows today, following a larger print the day before on October 5, pushing the two-day total above $400 million.



After months of net outflows, the shift reflects renewed accumulation by larger holders and institutions.&nbsp;



Sustained inflows have historically preceded extended rallies when aligned with technical breakouts.



Read Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48034792/anthony-pompliano-says-stocks-are-not-productive-enough-if-they-get-beaten-by-bitcoin-and-gold-btc-is-the-hurdle-rate">Anthony Pompliano Says Stocks Are Not &#8216;Productive Enough&#8217; If They Get Beaten By Bitcoin And Gold: BTC Is The &#8216;Hurdle Rate&#8217;</a>



<h3 class="wp-block-heading">BTC Fear And Greed Index Hits 70</h3>



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="2048" height="1511" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090606/crypto-fear-and-greed-oct-6.png" alt="" class="wp-image-1100141" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090606/crypto-fear-and-greed-oct-6.png 2048w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090606/crypto-fear-and-greed-oct-6-300x221.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090606/crypto-fear-and-greed-oct-6-1024x756.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090606/crypto-fear-and-greed-oct-6-768x567.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/06090606/crypto-fear-and-greed-oct-6-1536x1133.png 1536w" sizes="(max-width: 2048px) 100vw, 2048px" /></figure>



<a href="https://www.coinglass.com/pro/i/FearGreedIndex">BTC Fear and Greed Index (Source: Coinglass)</a>



The Fear and Greed Index has climbed to 70, entering the greed zone. While not yet at extreme levels, the shift underscores improving sentiment following the breakout.



Readings above 70 often align with early rally phases but can also act as caution signals if extended.&nbsp;



Traders are watching whether sentiment overheats or continues to track steady inflows.



<h3 class="wp-block-heading">Outlook: Breakout Momentum Faces The Final Test</h3>



Bitcoin now faces the task of holding above the $122,000–$124,000 resistance box. A sustained move would target $130,000 and potentially $135,000, while support lies at $117,000 and $113,000 near the 100-day EMA.



For now, the bullish alignment of Supertrend, inflows, and sentiment suggests Bitcoin may finally have the ingredients to test new all-time highs.



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Bitcoin Targets $130,000—And This 'Supertrend' Indicator Just Flipped Bullish

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