Stock Movers Broadcom Jumps, Keurig Dr. Pepper Climbs, JPMorgan Chase Funnels $1.5T into Security Industries
Oct 13, 2025
Broadcom's shares soared after a major deal with OpenAI for custom chips, setting the stage for ambitious AI infrastructure. Keurig Dr Pepper experienced a surge following Starboard Value's stake acquisition amid investor concerns. Meanwhile, JPMorgan Chase made headlines with a bold commitment to invest $1.5 trillion over the next decade in sectors that enhance U.S. economic security. These market movements reveal fascinating shifts in tech, beverage, and financial strategies.
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Broadcom Rides OpenAI AI Deal
- Broadcom stock jumped ~10% after OpenAI agreed to buy its custom chips and networking gear in a multiyear deal.
- OpenAI will design hardware with Broadcom and aims to complete rollout by end of 2029, though payment details remain unclear.
OpenAI Pushes From Software Into Hardware
- OpenAI plans to take AI learnings directly to hardware to unlock new levels of compatibility and intelligence.
- The rollout is targeted by 2029 but the report highlights that OpenAI's payment method is not clearly detailed.
Starboard Stakes Keurig After Unpopular Deal
- Keurig Dr Pepper shares ticked up after the Financial Times reported activist Starboard Value built a stake in the company.
- Starboard started buying around the JDE Peet's deal announcement, which had previously pushed KDP shares down about 26%.