Wall Street’s main indices opened flat on Monday as AMD’s new chip-supply partnership with OpenAI added to the growing list of AI deals, helping to offset concerns about a prolonged federal government shutdown.
In the early hours of trading, Dow Jones Industrial Average rose by 17.8 points, or 0.04%, opening at 46,776.04. S&P 500 gained 18.1 points, or 0.27%, to open at 6,733.86, while the Nasdaq Composite climbed 113.8 points, or 0.50%, reaching 22,894.35.
AMD and OpenAI partnership
AMD announced on Monday that it has entered into a multi-year deal to supply artificial intelligence chips to OpenAI.
The deal will see AMD provide hundreds of thousands of its AI chips, or graphics processing units (GPUs), to OpenAI over several years, starting in the second half of 2026.
The deployment is expected to require the energy equivalent of six gigawatts, which is roughly the power consumption of 5 million US households, or three times the electricity produced by the Hoover Dam.
AMD executives see the agreement as transformative for both the company and the broader AI industry, with Mat Hein, AMD’s strategy chief, calling it a pioneering move that will influence the entire ecosystem.
\OpenAI CEO Sam Altman also said that the deal will be crucial in helping the company build the AI infrastructure needed to support its growth.
US government shutdown
US government entered its second week of a shutdown on Monday, October 6, 2025, as negotiations between Republicans and Democrats remained stalled.
The shutdown, which began last Wednesday, has left federal departments without funding and is severely impacting government operations.
Senate Democrats are holding out on providing the necessary votes to reopen the government, demanding an agreement on extending expiring healthcare subsidies.
The impasse, centered on these subsidies, has led to the House-passed temporary funding bill being blocked for a fifth time, leaving the government in a state of gridlock with no clear resolution in sight.