OpenAI CEO Sam Altman confirmed that high compute and memory costs are a significant challenge for the AI leader, but also announced a new model with a 54% token efficiency improvement for coding tasks. In a CNBC interview, he also addressed rumors about a potential U.S. government stake and the company's IPO timeline.
Apple is in discussions with stealth AI startup PrismML, which has developed technology to compress massive AI models to run entirely on a smartphone, potentially reducing the tech giant's reliance on cloud data centers.
The South Korean semiconductor giant is aiming for a price that would value its US debut above Alibaba's historic $25 billion IPO, capitalizing on soaring demand for its AI memory chips, according to a Bloomberg report.
William Blair began coverage of Advanced Micro Devices with a Market Perform rating, citing a balanced risk-reward profile where significant AI-driven growth is offset by intensifying competition.
Shares of the data storage company jumped following a report that Beijing may relax restrictions on advanced U.S. chip imports, a development that coincided with a wave of bullish analyst upgrades.
Systematic hedge funds saw a quarter of their year-to-date gains wiped out by a sharp reversal in crowded AI trades, according to Goldman Sachs. The selloff has prompted a significant reduction in hedge fund leverage to its lowest level in a year.
HSBC has lowered its 2026 and 2027 gold price targets after a recent pullback, but the bank maintains a long-term bullish outlook, citing persistent fiscal deficits and geopolitical tensions as key supports for the precious metal.
Kepler Cheuvreux has started coverage of specialty chemicals firm Elementis with a 'buy' rating, arguing that the market undervalues its recent operational transformation and potential for a stock re-rating.
Shares of the unmanned aircraft systems maker fell after RBC Capital downgraded the stock to 'Sector Perform,' citing a near-term end to its recent rally. Lingering legal issues and a broader market downturn are also weighing on the stock.
