OpenAI is postponing its planned initial public offering (IPO) from late 2026 to 2027 following a weak market response to SpaceX's recent debut, which saw its stock price fall sharply after an initial surge. The company aims to maintain a $1 trillion valuation and prefers to wait for better market conditions rather than accept a lower valuation for an earlier listing. OpenAI faces competition from Anthropic, which recently raised funds at a higher valuation and is expected to go public later this year. The delay allows OpenAI to wait for improved investor sentiment and avoid launching in a challenging market environment.
RBC Capital upgraded Rio Tinto to Sector Perform from Underperform, reflecting confidence in its lithium expansion and solid operational stability. The company is boosting lithium output to meet rising demand from electric vehicles and energy storage...
ASML continues to be a strong buy despite its premium valuation due to high demand for its EUV lithography machines, driven by AI development and memory chip shortages, especially High Bandwidth Memory (HBM). The shift to sub-2nm chip technology ensu...
Applied Optoelectronics stock surged 6% to $128.95 after completing a $600 million at-the-market equity program, which clears known share supply and strengthens its balance sheet. This is the company's third such program this year, aimed at funding e...
Kalshi withdrew its proposed Pepe (PEPE) perpetual futures contract just days after certification, before it became available for trading. The contract, named PEPEPERP, was certified on September 29 and withdrawn on October 1, meaning Pepe is not cur...
MTU Aero Engines AG reported a 13% revenue increase to €4.69 billion in the first half of 2026, driven by aftermarket growth that offset margin pressures from GTF maintenance. The company improved OEM margins despite lower sales and raised its cash c...
