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Afternoon Note

AMD deal powers Semiconductors

By Karina Hernandez, Senior Research Analyst
10/6/2025 1:36 PM

Major indices, except the Dow Jones, are moving higher and mostly unbothered by the 6th date of the government shutdown.

According to the Fear & Greed index, the market has entered the greed territory.

The announcement of a partnership between Advanced Micro Devices (AMD) and OpenAI sent semiconductor stocks rallying. As a result, Technology (XLK) holds the widest gains of the seven advancing sectors. Safe-haven sectors are underperforming today, with Real Estate (XLRE) as the worst performer.

In conjunction with the Technology (XLK) sector gains, the iShares Semiconductor ETF (SOXX) has taken off to new highs.

There is a big parade of Fed speakers this week.


 

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