The Rundown – October 13, 2025

Host: Zaid Admani
Episode Theme:
A fast-paced recap of recent wild stock market moves, a deep dive into OpenAI’s new partnership with Broadcom, notable corporate headlines, and a look at viral pop-culture’s impact on stocks—all under 10 minutes.

Main Storylines and Insights

1. Market Turmoil from Trump’s Surprising Tariff Threat

Timestamps: 00:30–02:50

• Trump’s Announcement: On Friday, President Trump posted on Truth Social about imposing 100% tariffs on China starting Nov 1, in response to China’s increased export restrictions on rare earth metals.

• Immediate Market Reaction:

  • S&P 500: -2.7%
  • Nasdaq: -3.6%
  • Worst day since April 10 (previous trade escalation).
  • Nearly $2 trillion in market value wiped out; crypto also hit hard.

• Trump Walks It Back: By Sunday, Trump reassured via Truth Social not to “worry about China,” suggesting a bounce back was coming.

• Host’s Self-Reflection:

  “I had an all-time generational jinx on Friday's episode. If you missed it, I pretty much said the markets didn’t care about tariffs anymore and boy, was I humble.” (01:20 – Zaid Admani)

• Upcoming Volatility:

  • Ongoing US government shutdown adding economic pressure (federal workers missing paychecks).
  • Earning season beginning—expect a “roller coaster” week.

2. OpenAI and Broadcom’s AI Chip Partnership

Timestamps: 02:50–05:10

• Deal Details:

  • OpenAI will build custom AI chips designed by themselves and manufactured/integrated by Broadcom.
  • Partnership has been in quiet works for 18 months—now officially launched.
  • Targeting 10 gigawatts of computing capacity over 4 years from H2 2026.

• OpenAI’s Chip Sourcing Strategy:

  • Recently announced deals with AMD and Nvidia; OpenAI’s total AI chip capacity purchases now stand at 26 gigawatts.
  • Massive ambition: CEO Sam Altman told employees he aims for 250 gigawatts by 2033 (an estimated $10 trillion spend).

  “I don’t know how OpenAI is going to get their hands on $10 trillion… their latest revenue numbers are estimated to be around $12 billion a year.” (04:15 – Zaid Admani)

• Market Reactions & Intrigue:

  • Broadcom stock up 7% on news.
  • Confusion about Broadcom’s other mysterious $10B client (not OpenAI).
  • Host speculates about OpenAI potentially moving away from Nvidia/AMD in the future.

• Listener Resources:

  • References previous episode featuring Kyla Scanlon and Tech Insider Alex Heath discussing OpenAI’s ambitions.

3. JP Morgan’s $1.5 Trillion “Security and Resiliency” Initiative

Timestamps: 05:10–06:00

• The Plan:

  • 10-year, $1.5 trillion initiative; $10 billion direct JP Morgan investment.
  • Focus on U.S. economic and national security: supply chain, advanced manufacturing, defense/aerospace, energy, and frontier tech (AI).

• Jamie Dimon’s Statement:

  “America has become too reliant on unreliable sources for critical minerals, products and manufacturing.” (Implied: targeting China’s dominance in supply chains.)

• Strategic Benefits:

  • Positions JP Morgan as a key facilitator of major investments and as an ally to the Trump administration.

4. Notable Stock Moves and Industry Headlines

Timestamps: 06:00–07:40

• Bloom Energy:

  • Shares up 30% after $5 billion deal with Brookfield Asset Management to install fuel cells in AI data centers (so-called "AI factories").
  • Fuel cells (using natural gas, biogas, hydrogen) can help solve the AI data center energy bottleneck.

• Beyond Meat:

  • Shares plunge almost 60% following all creditors accepting a debt-for-equity swap that will massively dilute existing shareholders.
  • Over $1.3 billion in debt; last quarter’s sales down 20% to $75 million.
  • Stark contrast: once nearly $200/share in 2020, now trading under $1.

  “This stock has been absolutely crushed this year.” (07:10 – Zaid Admani)

5. Pop Culture Virality – Samyang’s Bulldog Ramen Phenomenon

Timestamps: 07:40–09:10

• The Trend:

  • Korean instant noodle “Bulldog” becomes TikTok sensation, especially among Gen Z and Gen Alpha (fire noodle challenges).
  • Samyang Food Co., the parent company, sees stock double in 2025; US sales at $185 million.

• Host’s Personal Note:

  “I have never felt so old in my life…my daughter’s asking me for these Korean noodles.” (08:23 – Zaid Admani)

  • Wonders if the noodles are worth the hype; invites listener participation in comments.

Notable Quotes & Moments

• [01:20] – Zaid Admani: “I had an all-time generational jinx on Friday's episode…turns out the markets still very much care about tariffs and especially when it comes to China.”
• [04:15] – Zaid Admani: “I don’t know how OpenAI is going to get their hands on $10 trillion… their latest revenue numbers are estimated to be around $12 billion a year.”
• [07:10] – Zaid Admani: “This stock has been absolutely crushed this year. It started the year above $6 a share and now it’s trading under a dollar.”
• [08:23] – Zaid Admani: “I have never felt so old in my life…my daughter’s asking me for these Korean noodles.”

Episode Structure, Tone, and Takeaway

• Fast-paced, punchy, and conversational. Zaid blends sharp financial analysis with humor and personal anecdotes.
• Mixes breaking business headlines with relatable commentary on market psychology and pop trends.
• Useful For:
  • Investors wanting quick, high-level summaries with context on how major moves might impact the market and culture.
  • Anyone curious about the interplay between tech, policy, finance, and pop culture.

Key Timestamps

| Segment | Time | |-------------------------------------------|------------| | Trump Tariffs & Market Impact | 00:30–02:50| | OpenAI x Broadcom Partnership | 02:50–05:10| | JP Morgan’s National Security Investment | 05:10–06:00| | Bloom Energy & Beyond Meat Moves | 06:00–07:40| | Samyang’s Bulldog Ramen TikTok Craze | 07:40–09:10|

Summary:
Monday’s “Rundown” session delivered a rollercoaster recap of market reactions to policy shocks, bracing moves in AI and finance, dramatic stock swings, and a reminder that in 2025, even instant noodles can drive share prices—all clearly, concisely, and with a smile.