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Sam Altman says ChatGPT growth tops 10% monthly amid competition. (0:15) Monday.com plunges as revenue outlook misses. (0:43) China urges banks to curb U.S. Treasury exposure. (1:26)
This is an abridged transcript of the podcast:
Our top story so far, despite intensifying competition, OpenAI (OPENAI) CEO Sam Altman told employees that ChatGPT is back to growing more than 10% a month.
CNBC reports Altman wrote in an internal Slack message that OpenAI expects to release an updated Chat model this week — and that Codex, its AI coding tool, has grown by about 50% in just the past week.
The report estimates ChatGPT now has more than 800M weekly active users — a number that is echoing just how mainstream AI has become.
Among active stocks, Monday.com (MNDY) is plunging after its revenue outlook came in below estimates. For the full year, the company expects revenue of about $1.46B versus the $1.48B consensus.
Kroger (KR) is getting a lift after tapping former Walmart (WMT) executive Greg Foran as its new CEO. The move comes nearly a year after Rodney McMullen stepped down following an internal investigation into conduct deemed inconsistent with company policy.
And the Wegovy saga continues: Novo Nordisk (NVO) filed a lawsuit against Hims & Hers (HIMS), accusing the telehealth platform of violating its rights to a key U.S. patent for the weight-loss drug.
Hims called the suit “a blatant attack” targeting “millions of Americans who rely on compounded medications for access to personalized care.”
Looking to the economy, Chinese regulators are urging major financial institutions to curb their exposure to U.S. Treasuries, citing concentration risk and market volatility.
Bloomberg reports officials have advised banks to limit new purchases of U.S. government bonds — and asked firms with large existing positions to gradually reduce their holdings.
The guidance, delivered in recent weeks to some of China’s largest banks, does not apply to China’s official state holdings of U.S. Treasuries.
And Bloomberg says regulators framed the move as risk diversification — not a geopolitical signal, and not a loss of confidence in U.S. creditworthiness.
Chinese banks held about $298B in dollar-denominated bonds as of September.
In other news of note, the Seattle Seahawks took home the Lombardi Trophy on Super Sunday — but are they also bringing home the bacon for investors?
The Super Bowl Indicator says an NFC win is bullish for stocks, while an AFC champion can foreshadow a weaker year. The theory dates back to the late 1970s and ties to the old split between the NFL and AFL before the 1970 merger.
According to Investopedia, from 1967 to 2025, the indicator has been right about 71% of the time. But since 2005, accuracy has fallen to around 40% — so… maybe don’t build a portfolio around it.
And for the record, the biggest prop-bet payout was Seahawks rookie tight end A.J. Barner scoring the first touchdown at 12-1.
And in the Wall Street Research Corner, Wedbush added Salesforce (CRM) and ServiceNow (NOW) back to its IVES AI 30 ETF (IVES) after removing them in December, saying it strongly disagrees with the idea that software and tech behemoths are losers in the AI revolution.
The firm removed Roblox (RBLX) and Baidu (BIDU) from the list.
Wedbush added that many customers still won’t rush into aggressive AI migration projects if it puts their data at risk.
Editor’s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.
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