CNBC's "Fast Money" Markets Wrap Up Strong October… And Netflix Eyes Warner Bros. Assets 10/31/25
13 snips
Oct 31, 2025 
Gene Munster, managing partner at Deepwater Asset Management, shares keen insights on tech earnings and AI capex trends. He discusses how major players like Google and NVIDIA stand out in the AI landscape while others falter. The conversation also takes a turn towards Netflix's interest in acquiring Warner Bros assets, weighing the strategic implications and challenges of integration. With the market wrapping up a strong October, Munster captures the key tech dynamics driving today's investment landscape.
AI Snips
Chapters
Transcript
Episode notes
October Rally Driven By Tech Earnings
- October broke its reputation as a bad month with major indices posting solid gains and extended streaks.
- Tech earnings, led by the Nasdaq, drove the rally while individual names diverged sharply on AI narratives.
AI Spend Splits Market Winners And Losers
- AWS outperformance lifted Amazon while Meta fell after flagging much higher AI CapEx.
- Markets are differentiating winners and losers based on AI spending and perceived ROI.
Prefer Sensible Valuation With AI Exposure
- Favor companies that combine sensible valuation with clear AI opportunity, like Google per Tim Seymour.
- Do not reflexively abandon Meta, but monitor CapEx trajectory and ROI closely.