Breaking Overnight News#

Overnight, the AI complex was jolted after AMD and OpenAI announced a multi-year, multi-generation partnership to deploy 6 gigawatts of AMD Instinct GPUs, with an initial 1 GW rollout slated for the second half of 2026 and an option for OpenAI to take up to a 10% stake in AMD. Multiple outlets reported the development, with coverage from CNBC, and company statements via GlobeNewswire and Business Wire. The news positions AMD more directly against Nvidia in hyperscale AI buildouts and could reshape investor expectations for AI supply chains at the open.

Global risk signals were also active. In Japan, reports noted that ruling-party leadership results drove the yen above 150 per dollar and lifted the Nikkei nearly 5% to a record high, according to MarketWatch and Reuters. In Europe, French markets and the euro slumped after the government’s collapse introduced fresh budget and policy uncertainty, as covered by Bloomberg. Separately, European LNG demand is set to rise meaningfully this winter as storage sits lower and pipeline flows from Russia and Algeria fade, increasing reliance on U.S. cargoes and price volatility, per Reuters. Finally, the U.S. government shutdown remained unresolved, complicating economic data flow and policy visibility into the week ahead, as summarized by Reuters and Bloomberg.

Market Overview#

Yesterday’s Close Recap#

According to Monexa AI, Friday’s closes and index-level moves were as follows.