This week, several stocks caught investors’ attention, driven by significant developments and market momentum. Here’s the breakdown of this week’s trending stocks:
AMD ($AMD) Partners with OpenAI on Multi-Year AI Infrastructure Buildout
AMD ($AMD) announced a major long-term partnership with OpenAI to supply up to 6 gigawatts of GPU power for the company’s next generation of AI systems. The deal will start with a 1-gigawatt deployment of AMD’s new Instinct MI450 GPUs in the second half of 2026, expanding over multiple generations of hardware.
According to the company, the collaboration positions AMD and OpenAI to jointly shape large-scale AI compute infrastructure for years to come. The two companies will co-develop and optimize future chip and software designs to handle increasingly complex AI workloads.
The agreement also includes a performance-based warrant giving OpenAI the right to earn up to 160 million AMD shares as deployment milestones are reached — aligning both companies’ incentives as OpenAI ramps up GPU demand.
This partnership follows a growing trend of OpenAI diversifying its compute suppliers. Earlier in September, OpenAI announced a similar large-scale deployment with NVIDIA and separate infrastructure partnerships with Oracle and Microsoft. For AMD, this represents one of its largest single AI deals to date, with management saying it could generate tens of billions of dollars in revenue over the life of the agreement.
Stock Price Reaction
$AMD shares surged 23.7% on the announcement, as investors viewed the multi-gigawatt partnership with OpenAI as a strong signal of AMD’s rising position in the AI infrastructure race.
Trilogy Metals ($TMQ) Gains U.S. Backing for Alaska Critical Minerals Project
Trilogy Metals ($TMQ) is a U.S.-based exploration and development company focused on copper and other critical minerals in Alaska. The company announced a binding agreement with the U.S. Department of War, together with joint-venture partner South32 (S32), to fund and accelerate development of the Upper Kobuk Mineral Projects (UKMP) — considered a key part of America’s future supply chain for energy, defense, and technology materials.
According to the company, the U.S. Government will invest about $35.6 million, including acquiring roughly 10% of Trilogy Metals through a mix of new shares and warrants. Funds will also support exploration and the proposed 211-mile Ambler Road, designed to connect the Ambler Mining District with Alaska’s transportation network and enable large-scale mineral production.
The agreement allows the Department of War to appoint one board member for three years and collaborate with state and federal agencies on financing the Ambler Road project. Trilogy said the investment underscores growing U.S. efforts to strengthen domestic sourcing of critical minerals amid rising geopolitical competition.
The UKMP assets are held by Ambler Metals, a 50/50 joint venture between Trilogy Metals and South32. The transaction is expected to close after reauthorization of the Defense Production Act and completion of required government reviews.
Stock Price Reaction
$TMQ shares soared more than 200% on the news, as investors viewed the U.S. government’s direct investment as a strong vote of confidence in the company’s Alaska projects and long-term strategic importance.
AST SpaceMobile ($ASTS) Signs Commercial Agreement With Verizon
ST SpaceMobile ($ASTS) — the company building the first space-based cellular broadband network that connects directly to ordinary smartphones — announced a definitive commercial agreement with Verizon ($VZ) to deliver satellite-to-cellular service across the continental United States starting in 2026.
According to the company, the partnership will combine Verizon’s terrestrial mobile network and AST SpaceMobile’s low-Earth-orbit satellite system using Verizon’s 850 MHz spectrum. The service aims to keep customers connected in areas without ground coverage, such as remote trails and rural regions, without requiring any specialized devices.
The announcement follows successful tests where voice, video, and RCS messaging were completed between two standard Verizon smartphones connected through an AST SpaceMobile satellite — demonstrating the potential for nationwide satellite-to-cell service.
AST SpaceMobile said the agreement expands on the strategic relationship formed in 2024 and marks another step toward launching its commercial broadband network, designed to operate across low- and mid-band spectrum globally.
Stock Price Reaction
$ASTS shares rose about 15% on the news
This article is for informational purposes only and is not investment advice or a solicitation to buy or sell securities. The content is based on publicly available information and reflects the author’s opinions as of the publication date, which may change without notice. All investments carry inherent risks, including the potential loss of principal, and past performance is not indicative of future results. Forward-looking statements, including references to projected revenues, market trends, or business developments, are based on current expectations and assumptions. Actual results may differ due to various factors, including regulatory changes, economic conditions, competitive pressures, and unforeseen market fluctuations. Readers should conduct their own research or consult a financial advisor before making investment decisions. BBAE holds no position in the securities mentioned, nor are they compensated by the companies mentioned.
