Stock Movers Closing Bell: Wells Fargo Higher, Fannie and Freddie Decline, Walmart Rises on ChatGPT Partnership
8 snips
Oct 14, 2025 Wells Fargo saw a significant surge, aiming for impressive profit targets despite a slight miss in net income. Walmart's innovative collaboration with OpenAI allows customers to shop directly on ChatGPT, boosting its stock value. Meanwhile, Fannie Mae and Freddie Mac face a downturn with emerging dilution risks, raising concerns among investors. Additionally, the hosts touch on decreased guidance from Orion Chemical and the impact on the tire market. Tune in for a lively discussion on these market movers!
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First Internship: Bloomberg Terminal Skill
- A host recalled his first Wall Street internship where his only skill was using the Bloomberg terminal.
- He described being the young person in the office who could use the terminal when the Dow passed 6,000.
Wells Fargo's Big Rebound
- Wells Fargo delivered strong revenue gains across its five major business lines, signaling operational recovery.
- The stock jumped over 7% as markets rewarded improving metrics and hopes management is 'getting their house in order.'
AI Drives Chip Deployment
- AMD rose after Oracle said it will deploy tens of thousands of upcoming M1450 chips in data centers next year.
- The announcement highlights accelerating AI-driven demand between chipmakers and large cloud customers.