Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Monday, February 9th, and I'm your host, Kim Kong. Our top stories so far.

Despite intensifying competition, OpenAI CEO Sam Altman told employees that ChatGPT is back to growing more than

10% a month. CNBC reports Allman wrote in an internal Slack message that OpenAI expects to

release an updated chat model this week, and that Codex, its AI coding tool, has grown by about

50% in just the past week. The report estimates Chat chat GPT now has more than 800 million weekly active users,

a number that is echoing just how mainstream AI has become.

Among active stocks, Monday.com is plunging after its revenue outlook came in below estimates.

For the full year, the company expects revenue of about $1.46 billion versus the 1.48 consensus.

Kroger is getting a lift after tapping former Walmart exec, Greg Ferran, as its new CEO.

The move comes nearly a year after Rodney McMullen stepped down following an internal investigation

into conduct deemed inconsistent with company policy.

And the Wagovi saga continues, and Novo Nordisk filed a lawsuit against Hymns and hers, accusing the telehealth platform

of violating its rights to a key U.S. patent for the weight loss drug.

Hems called the suit a blatant attack targeting millions of Americans who rely on compounded

medications for access to personalized care. Looking to the economy,

Chinese regulators are urging major financial institutions to curb their exposure to U.S. treasuries,

signing concentration risk and market volatility.

Bloomberg reports officials of advised banks

to limit new purchases of U.S. government bonds

and asks firms with large existing positions

to gradually reduce their holdings.

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