CNBC's "Fast Money" AI Ripple Rally Boosts Copper Miners… And The Fed’s Next Move As Rally Rolls On 10/8/25
Oct 8, 2025
David Steinberg, CEO of Zeta Global, discusses the powerful synergy between AI and copper mining, highlighting the rising demand driven by data centers. He reveals how Zeta leverages first-party data and AI to enhance marketing ROI, targeting significant revenue returns for clients. The conversation also touches on recent M&A strategies and Zeta's strengths in integrating AI for marketing effectiveness. Lastly, the panel analyzes the Fed's policy insights and market implications ahead of the upcoming meetings.
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AI Data Centers Drive Copper Demand Surge
- Data center builds for AI use 3–10x more copper than traditional centers, creating massive incremental demand.
- Combined rising demand and constrained supply from giant mines like FCX create a strong price rally for copper miners.
Market Suddenly Reprices Copper Miners
- Market recognition of copper's industrial role triggered rapid rerating in miners like Freeport and Southern Copper.
- Investment themes combine energy transition, data centers, and supply constraints to sustain the rally.
Play Copper Through Diversified Miners
- Consider diversified copper exposure beyond the highest-beta names to reduce headline and geopolitical risk.
- Look at large diversified miners like BHP and Rio as alternative plays to FCX.
