US stocks were mixed on Thursday as OpenAI buzz boosted techs. The Nasdaq rose 0.1%, S&P 500 declined 0.1%, and Dow fell 0.2%. S&P 500 hit a new high, surpassing 6,700. AI chip stocks surged worldwide, with Nvidia, AMD, and SK Hynix gaining. OpenAI’s valuation soared to $500 billion.
Alibaba stock rose after JPMorgan raised its price target by almost 45%. US government shutdown continues with no end in sight. Friday’s September jobs report likely to be delayed. Challenger, Gray & Christmas report showed hiring plans at lowest level since 2009.
Fermi stock fluctuated after rising over 54% on its first day of trading. The data center REIT aims to build hyperscale data centers and power grids. Co-Founder and CEO Toby Neugebauer highlighted the importance of going public for its global supply chain.
OpenAI’s $500 billion valuation led to a rally in AI stocks. Nvidia, Broadcom, and AMD all saw gains in early trading. Nvidia hit an all-time high of $190. OpenAI also announced a new AI model and partnership with Samsung and SK Hynix. OpenAI employees sold $6.6 billion of stock, boosting valuation to $500 billion. Tesla surpasses Q3 delivery estimates, stock initially up 3%. S&P 500, Nasdaq rise on AI optimism. Treasury yields steady. Government shutdown could impact GDP growth. Layoffs down, hiring plans low. FICO stock soars after offering scores to lenders directly. Berkshire to acquire Occidental’s OxyChem for $9.7 billion. Amazon’s stock appeal is challenged by rising competition in cloud computing, impacting its shares. OpenAI surpasses Elon Musk’s SpaceX with a $500 billion valuation. Equifax stock drops 10%, Alibaba rises 2%, Samsung Electronics gains 3%, and SK hynix shares rise 9%. Goldman Sachs remains bullish on gold, with prices up 46% year to date. Fermi’s shares jump 14% after a successful IPO. Energy REIT founded by Rick Perry raised $682.5 million in US listing. Global chipmakers added $200 billion in value as AI buzz fuels record rally. OpenAI closes share sale at record-breaking $500 billion valuation. 1. In a groundbreaking discovery, scientists have identified a new species of dinosaur in Australia. The dinosaur, named the Australotitan cooperensis, is estimated to have been the largest dinosaur to roam the continent during the Cretaceous period.
2. The European Union has announced plans to lift travel restrictions for vaccinated tourists from the United States. This decision comes as a major relief for the tourism industry, which has been severely impacted by the COVID-19 pandemic.
3. A new study has found that regular exercise can significantly reduce the risk of developing Alzheimer’s disease in older adults. The research suggests that physical activity can help protect the brain from the cognitive decline associated with the condition.
4. The Tokyo Olympics are set to go ahead as planned, despite concerns over the ongoing COVID-19 pandemic. Organizers have implemented strict safety protocols to protect athletes and spectators, with the games scheduled to begin on July 23.
5. In a landmark ruling, the Supreme Court has upheld the Affordable Care Act, also known as Obamacare. The decision ensures that millions of Americans will continue to have access to affordable healthcare coverage through the government-run insurance exchanges. 1. The United Nations released a report stating that global temperatures are rising faster than previously expected, with some regions experiencing record-breaking heat waves and extreme weather events.
2. A new study found that plastic pollution in the world’s oceans is much worse than previously thought, with microplastics being found in the deepest parts of the ocean and even in Arctic sea ice.
3. The World Health Organization declared the outbreak of a new coronavirus in China a global health emergency, urging countries to take necessary precautions to prevent the spread of the virus.
4. Researchers have discovered a new species of dinosaur in Argentina, named “Llukalkan aliocranianus,” which had sharp teeth and large eyes, making it a fearsome predator during the Late Cretaceous period.
5. The European Space Agency successfully landed a probe on Mars, marking a major milestone in the exploration of the Red Planet and providing valuable data on its geology and atmosphere.
Read more at Yahoo Finance: Dow, S&P 500, Nasdaq mixed as AI optimism blots out US shutdown risks