The U.S. government shutdown has entered its second week. Japan elected its first female prime minister, Sanae Takaichi. She supports an expansionary fiscal policy and is expected to continue Abenomics. Her political stance is far-right. The Tokyo Stock Exchange surged +4.75% on Monday, hitting a record high.
U.S. stocks rose in pre-market trading, with broad gains across individual stocks.
Company News:
AMD announced a sales-for-equity deal with OpenAI. The agreement could bring $100 billion in revenue over the next four years. OpenAI can buy 160 million AMD shares at $0.01 each, up to 10% ownership. Analysts expect $32.78 billion in revenue this year alone. If all options are exercised, AMD’s stock could reach $600 per share. The stock jumped +36% pre-market. NVDA and AVGO fell slightly.
Quantum computing firm QUBT raised $750 million through a public offering. The stock dropped 15%, with RGTI and IONQ also falling.
Tesla (TSLA) announced an important event for Tuesday. The market expects a new low-cost model. The stock opened high last Thursday but then pulled back sharply for two days. It recovered in pre-market trading today.
Bitcoin hit a new all-time high. Stablecoin CRCL rose +5% pre-market, and COIN gained +2.5%. Shopify (SHOP) extended gains by +4% after adding OpenAI-powered payment services. Hydrogen energy stocks continued their strong rebound. BLDP jumped +23% on Friday and +12% pre-market; PLUG rose +35% Friday and +15% pre-market.
With few macroeconomic updates, the S&P 500 ETF (SPY) continues to climb slowly, showing small daily gains. Intraday resistance is at $672–673, and support remains near $667–668.
Next week marks the start of the Q3 earnings season. The medium- to long-term focus remains on positioning for earnings reports, especially in leading AI-related tech stocks.
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