Micron’s Earnings, Soft Inflation, and OpenAI Valuation Chatter Revive Speculative AI Trade

Micron’s earnings, soft inflation, and OpenAI valuation chatter revive speculative AI trade

All the big news since Wednesday’s close points in one direction for speculative AI stocks....

Micron reports best growth in US semiconductor history, but is it too late to buy MU shares?

Micron Technology (NASDAQ: MU) rallied some 15% today after reporting top- and bottom-line growth for its fiscal Q1 that Morgan Stanley dubbed the “best in the history of the US semis industry” outside of Nvidia. For the current quarter, the memory-chip maker forecast adjusted earnings of $8.42 per share on $18.7 billion in revenue, well above Wall Street expectations of $4.78 per share and $14.2 billion in sales. Following the post-earnings sur…

Here’s how much OpenAI stock would be worth in IPO

On December 18, it was reported by The Wall Street Journal that OpenAI was seeking to raise another $100 billion in funding, which would effectively bring the company’s valuation to $830 billion and maybe lay the groundwork for a potential OpenAI stock IPO.  Right now, OpenAI controls around 17% of the global chatbot market thanks to its flagship product, the ChatGPT series, which has numerous use cases on developer platforms and day-to-day appl…

Micron Says ‘We Are More Than Sold Out.’ Should You Buy MU Stock After Earnings?

Micron stock is up over 200% over the last 12 months and trades at a compelling valuation, given its stellar growth estimates.

OpenAI Has Discussed Raising Tens of Billions at About $750 Billion Valuation

An anonymous reader shares a report: OpenAI has held preliminary talks with some investors about raising funds at a valuation of around $750 billion, the Information reported on Wednesday. The ChatGPT maker could raise as much as $100 billion, the report said, citing people with knowledge of the dis...

Massive Funding Talks Could Value OpenAI at $750 Billion

According to The Information, OpenAI is in early-stage funding discussions with investors to raise tens of billions of dollars, potentially valuing the company at $750 billion. The company declined to comment on the report.