Broadcom gets the OpenAi bump
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 13 October 2025
⏱️ 4 minutes
🧾️ Download transcript
Summary
Show Notes
30 stocks showing signs of froth
Beyond Meat craters
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. |
| 0:09.6 | Good afternoon. Today is Monday, October 13th, and I'm your host, Kim Con. Our top story, so far. |
| 0:15.8 | Broadcom is jumping after it announced a deal with OpenAI for 10 gigawatts of custom AI accelerators. |
| 0:21.8 | OpenAI will design the accelerators and systems which will be developed and deployed in partnership |
| 0:26.2 | with Broadcom. OpenAI says by designing its own chips and systems, it can embed what |
| 0:30.8 | is learned from developing frontier models and products directly into the hardware, unlocking |
| 0:35.4 | new levels of capability and intelligence. |
| 0:38.4 | The racks will meet surging global demand for AI with deployments across OpenAI's facilities |
| 0:42.9 | and partner data centers. The two companies will also co-developed systems that include |
| 0:47.4 | accelerators and Ethernet solutions from Broadcom for scale up and scale out. Among other stocks, |
| 0:56.9 | Warner Brothers' discovery is higher on an LA Times report that Paramount Skydance is preparing a second bid. You heard on Wall Street brunch that Paramount had a |
| 1:02.0 | bid of $20 a share rejected. WBD's shares are now trading around $18. Beyond meat is plummeting |
| 1:08.1 | as shareholders face a big dilution from an exchange offer for convertible |
| 1:11.5 | debt. The company said nearly all of its convertible note holders had agreed to a debt swap, |
| 1:16.2 | exchanging more than $1.1 billion of 2027 notes for new notes, and more than 300 million |
| 1:22.0 | shares of common stock. Rare earth stocks are hitting rarefied air as traders bet on a boon for |
| 1:27.3 | alternative mineral suppliers |
| 1:28.8 | after China restricted exports. AlbaMall was one of the S&P top gainers, while MP materials |
| 1:34.4 | rose to an all-time high. Australia is reportedly considering the introduction of mandated |
| 1:38.6 | floor prices for critical minerals and funding for new rare earth projects as part of a resource deal with the U.S. |
| 1:45.2 | And Bloom Energy is rocketing higher after announcing a $5 billion strategic partnership with |
| 1:50.2 | Brookfield asset management to become the preferred on-site power provider for Brookfield's |
... |
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