The Rundown Broadcom Inks $10B Deal with OpenAI, Musk Eyes $1T Pay Package
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Sep 5, 2025 Dive into the recent stock market update, revealing a disappointing jobs report that signals potential economic slowdown. Find out how Broadcom's $10 billion deal with OpenAI is set to revolutionize AI technology with custom chips. Plus, explore the buzz around Elon Musk's ambitious $1 trillion pay package, tied to groundbreaking goals. The discussion also touches on the podcast's own evolution from market recaps to a top business platform, drawing parallels between the current AI boom and the dot-com bubble.
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Labor Market Cooling Suggests Rate Cuts
- The August jobs report showed a sharp slowdown with only 22,000 jobs added and a 4.3% unemployment rate.
- Zaid Admani interprets this as likely guaranteeing a Federal Reserve rate cut soon amid sticky inflation.
Broadcom's Big Bet On Custom AI Chips
- Broadcom struck a $10 billion deal to co-design an AI chip that will power OpenAI internally and ship next year.
- The deal pushed Broadcom's AI revenue outlook up and lifted its market cap above $1.5 trillion as shares jumped about 15%.
Record $1T CEO Package With Aggressive Targets
- Tesla's board proposed a $1 trillion, milestone-based pay package for Elon Musk over the next decade.
- The plan requires extreme targets like an $8.5 trillion market cap and 20 million annual vehicle deliveries to fully vest.