Stock Movers FICO Starts Direct License Program; Chipmakers Rally; Stellantis Gains
Oct 2, 2025
A major shift is underway as FICO launches a program for lenders to send scores directly to customers, causing TransUnion and Equifax stocks to plummet. Meanwhile, Samsung and SK Hynix are riding high on new contracts to supply chips for OpenAI's Stargate project, signaling a big boost for AI. In a positive turn, Stellantis reported a rise in US deliveries, driven mainly by Jeep, marking its first sales gain in over two years. Exciting developments are shaping the market and the tech landscape!
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FICO Cuts Out Credit Bureaus
- Fair Isaac's direct license program lets mortgage lenders calculate and distribute FICO scores without relying on nationwide credit bureaus.
- That shift threatens credit-reporting firms by cutting their role and sparked sharp stock moves for FICO, TransUnion, and Equifax.
Korea Firms Power OpenAI's Chip Supply
- Samsung Electronics and SK Hynix struck initial agreements to supply chips for OpenAI's Stargate project, reinforcing their AI memory leadership.
- The partnership and possible massive wafer demand lifted both companies to multi-year highs and boosted market value materially.
Host's Personal Jeep Reference
- Tom Keene shares a personal Jeep reference, mentioning he is a Jeep owner and the "Jeep wave" tradition.
- The casual anecdote humanizes the Stellantis coverage and connects the hosts to the brand discussion.
