From Yahoo Finance: [published_date]

Wall Street investors are bullish on tech as AI transforms operations, Reddit (RDDT) outperforms after its market debut as an AI play. Bedrock Founder Geoff Lewis discusses AI disrupting sectors, specifically OpenAI. Lewis compares OpenAI’s legal situation to early Facebook, sees rapid revenue growth. Reddit surges post-IPO, fueled by AI promise and potential.

Jeff Lewis of Bedrock sees AI as a positive tailwind for tech, major investment in OpenAI powering partnerships with Microsoft. OpenAI revenue rapidly rising, enterprise offerings expanding. Musk lawsuit against OpenAI viewed as a bullish sign, signals growth potential. OpenAI a clear winner in generative AI landscape, partnership with Microsoft providing an edge.

Elon Musk’s lawsuit against OpenAI over open source promises raises questions about company’s future direction. Revenue ramp for OpenAI rapid, with $2 billion run rate. Lawsuits seen as positive sign for company’s potential and growth. Partnership with Microsoft gives OpenAI unfair advantages in the market.

Investors may not be interested in TikTok despite potential spin-off from Chinese parent company due to negative societal impact and high valuation. TikTok’s addictiveness and influence on young children seen as negative. Divestment may be challenging given complicated transaction history of tech acquisitions. Jeff Lewis believes in investing in companies that make the world better.



Read more at Yahoo Finance: ‘Like the early days of Facebook’