Stock Movers Closing Bell: Broadcom Climbs, Warner Brothers Higher, Fastenal Declines
Oct 13, 2025
Broadcom's stock soared nearly 10% after a major deal with OpenAI for custom chips, marking a significant shift in the semiconductor landscape. Warner Brothers rebuffed a low takeover bid from Paramount, igniting speculation about future strategies. On the downside, Fastenal faced its worst drop since 2020 after disappointing earnings. Meanwhile, casino stocks like Las Vegas Sands fell over 6% due to lackluster Golden Week data from Macau, showcasing a mixed bag for investors.
AI Snips
Chapters
Transcript
Episode notes
Broadcom Soars On OpenAI Chip Deal
- Broadcom jumped nearly 10% after OpenAI signed a multiyear deal for custom chips and networking equipment.
- The pact boosted the broader semiconductor sector and investor enthusiasm about AI infrastructure demand.
Critical Minerals Rally On Geopolitical Tensions
- Critical minerals and rare-earth stocks jumped as U.S.-China tensions raised bets on alternative suppliers.
- MP Materials and other names rallied amid renewed focus on securing domestic raw-material sources.
Warner Bros. Rejects Low Takeover Offer
- Warner Bros. rose about 4% after rejecting Paramount Skydance's initial takeover offer as too low.
- Paramount can raise its bid, go to shareholders, or seek financial partners in pursuit of Warner Bros.