Stock Movers AMD Extends Three-Day Winning Streak, Jeffries Slides, FICO Falls
Oct 8, 2025
AMD's shares soared over 40% after securing a chip deal with OpenAI, marking a three-day winning streak. Meanwhile, Jeffries faced significant losses due to exposure from Point Bonita Capital's struggling $3 billion trade finance portfolio linked to First Brands. FICO's stock tumbled after Equifax announced it would cut mortgage score prices, intensifying competition with new market entrants like VantageScore. The episode dives into the implications of these market movements and the evolving dynamics of the credit scoring landscape.
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AMD Rides OpenAI Deal Momentum
- AMD's shares jumped repeatedly after the OpenAI chip deal, showing strong market enthusiasm for AI infrastructure partners.
- The OpenAI arrangement signals AMD can challenge NVIDIA as a major supplier for data-center AI chips.
AI Demand Lifts Multiple Chip Players
- The OpenAI-AMD tie-up not only boosts AMD stock but could allow OpenAI to take a sizable stake in the chipmaker.
- Market excitement around AI infrastructure demand is lifting multiple chip companies, not just NVIDIA.
Jefferies Hurt By Receivables Exposure
- Jefferies shares fell after exposure surfaced in a unit tied to Point Bonita Capital and First Brands' receivables problems.
- Bloomberg Intelligence estimates potential losses could be material relative to 2026 pre-tax income, highlighting contagion risk from asset-manager units.