AI Ripple Rally Boosts Copper Miners… And The Fed’s Next Move As Rally Rolls On 10/8/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 8 October 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The AI ripple effect hitting another industry, as Copper miners get a boost. How the data center buildout is lifting those names, and the amount of metal needed to fuel the AI surge. Plus Fed Minutes giving investors more details behind the Central Bank’s rate policy. What to expect at this month’s meeting, and if the record rally on Wall Street can keep running. Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASDAQ market site right here in the heart of New York City's Times Square.
0:05.4	This is fast money. Here's what's on tap. A AI ripple effect. Demand from data centers been sending copper prices soaring.
0:14.3	And the miners are the big beneficiaries that trade today. How much higher can these names run?
0:20.1	Gold prices hitting their 44th record of
0:23.1	the year, but the chartmaster says glowing gains could be about to go dull. All that. Plus,
0:29.7	Eli Lilly gaining ground hitting more than five months highs. We are getting ready to kick off
0:34.7	earning season with two big names reporting tomorrow. And Zeta Global, Global CEO David Steinberg will join us straight from his company's investor day.
0:42.4	The big trends he is seeing now he is looking to shake up the ad business using AI.
0:49.3	Hi everybody. I am Brian Sullivan and once again for Melissa Lee coming to you live from Studio B at the NASDAQ market site.
0:55.6	On your desk tonight, Steve Grasso, Karen Feynman, Bono and Guy Adami.
1:02.4	Everybody, welcome.
1:03.6	Hello, Brian.
1:04.3	Hello, Brian.
1:05.5	All right, let's start out with the markets and your money.
1:08.2	The NASDAQ and S&P, you guessed it, closing into record highs today. If you are keeping score, and your money. The NASDAQ and S&P, you guessed it, closing at new record highs today,
1:11.9	if you are keeping score and your money certainly is, the NASDAQ, now up nearly 20% this year.
1:18.8	It's been a heck of a run. And we're going to have more on the macro in moments.
1:22.8	But let us start with a slightly different, less talked about groove that's maybe getting an AI adjacent lift.
1:31.5	And that guy, Domi, is copper. Copper prices rising again. Demand from data centers and
1:37.0	electricity, pushing the need for copper wiring. All that, helping the miners, you know,
1:43.3	the ones that take this stuff out of the
1:45.3	ground. Case in point, Freeport MacMaran, jumping more than 5%, southern copper, closing also at
	...

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