Citigroup is expanding research coverage to include private tech firms, similar to JPMorgan Chase. The focus will be on influential companies in sectors like artificial intelligence, offering event-driven analysis. Reports will not include price targets or earnings forecasts. Private companies like OpenAI and SpaceX rival S&P 500 firms in valuations.
JPMorgan Chase is also providing research coverage for private companies with high valuations or delaying listings. This move reflects the growing influence of private firms like OpenAI, SpaceX, and TikTok-parent Bytedance. The distinction between public and private market influence is becoming blurred.

Read more at Yahoo Finance: Citi announces research expansion into private industry, mostly tech firms