OpenAI is about to close a $30 billion funding round at a $1.25 trillion valuation, led by investors from the United Arab Emirates and Coatue. The valuation is below the $1.5 trillion OpenAI initially sought but well above the $852 billion from the spring round, and the article suggests the lower target could be another sign of fatigue in the AI sector after a CoreWeave stock plunge and a Meta sell-off following negative free cash flow. Meanwhile, Anthropic is preparing an IPO targeting a $2 trillion valuation, and Sam Altman has told employees that now is not the right time for OpenAI to go public, though it still targets 2027. The article notes that Anthropic's IPO will be a key test for AI stocks, as the four major hyperscalers are set to spend upwards of $700 billion on AI infrastructure.
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NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/23/2026 | 210.96 |
| Change that session | -0.59% |
QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.40 |
| Change that session | -0.01% |
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