OpenAI is nearing a funding round of up to $30 billion at a $1.25 trillion valuation, led by UAE investors alongside Coatue, with that valuation excluding the new capital. The company aims to get signatures by the end of next week, though the final size is still being determined. The raise is positioned as an “opportunistic” bridge ahead of a potential IPO, which CFO Sarah Friar has told employees will likely come in 2027. OpenAI is also negotiating a commercial deal that would secure more computing capacity from the UAE. The move comes amid choppy tech markets, with jitters around CoreWeave and concerns about financing as interest rates rise, while Anthropic's expected IPO will test investor appetite. OpenAI has filed confidentially to go public.
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NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/21/2026 | 221.87 |
| Change that session | +2.49% |
MSFT
• NeutralMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $4.0T |
| Close on 10/21/2026 | 532.81 |
| Change that session | +0.18% |
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