Squawk on the Street Riding the OpenAI Trade, Gold Hits $4,000, "The Year of Magical Investing" 10/7/25
Oct 7, 2025
A tech rally is underway, driven by the OpenAI trade and AMD's partnership with ChatGPT. Gold has surged past $4,000 for the first time, fueled by supply constraints and rising demand. The hosts declare 2025 as 'the year of magical investing,' showcasing growth stock picks. There's buzz around Tesla’s upcoming product event and a $2 billion investment in Polymarket, suggesting a shift in betting trends. The conversation also touches on chip supply issues, employment data, and the competitive landscape between AMD and NVIDIA.
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OpenAI As A Platform Catalyst
- OpenAI's developer push turned ChatGPT into a platform for interactive, adaptive enterprise apps.
- Jim Cramer sees this as a broad market catalyst that explains tech rallies and partnerships.
CEO Execution Driving AI Rallies
- CEOs at Dell, IBM, and AMD are delivering on big AI-related execution promises.
- Cramer credits strong CEO execution as a key driver of recent tech gains.
AI Creates New Competitive Threats
- OpenAI and other AI players are perceived as existential competitive threats to big tech verticals.
- That threat partly explains why some large caps trade near correction levels despite broader AI optimism.