#stockmarkets

The Guardian | As the tech mega-IPO race hots up, has OpenAI missed its moment? by Aisha Down AI generated summary, Read the full article for complete information. OpenAI’s CEO Sam Altman has gone from touting a future super‑intelligence to walking back those grand visions as the company struggles to monetise ChatGPT, reporting $5.7 bn in first‑quarter revenue but a –122 % adjusted margin and ongoing cash‑burn from costly AI‐compute. While rivals such as Elon Musk’s xAI, Anthropic and Alphabet’s AI chip arm race toward record‑setting IPOs and massive fund‑raises, OpenAI—valued at $852 bn in its last round—faces internal debate over the timing and viability of a public offering, with CFO Sarah Friar questioning its readiness. Analysts note that the flood of mega‑AI IPOs could strain limited capital and that OpenAI’s fortunes, once the poster child of the boom, may no longer serve as a bellwether for the industry, especially if its stock were to flop and trigger broader market repercussions. Read more: https://www.theguardian.com/technology/2026/jun/03/as-the-tech-mega-ipo-race-hots-up-has-openai-missed-its-moment #OpenAI #aiartificialintelligence #ipos #stockmarkets #technologysector #ElonMusk #SamAltman #SarahFriar

The Guardian | Chip, chip ... boom? South Korea tech makers join the trillion-dollar club but some fear a short-circuit looms by Mark Saunokonoko AI generated summary, Read the full article for complete information. South Korea’s Kospi index surged past the 8,000‑point mark to an all‑time high of 8,880 in late May 2026, fueled by a “once‑in‑a‑generation” demand surge for AI‑related semiconductor chips; the rapid rise of chipmakers SK Hynix and Samsung—both newly valued at over $1 trillion—accounted for roughly 70 % of the market’s 220 % gain over the past year, prompting Goldman Sachs to lift its 12‑month target to 9,000, while analysts warn that the heavy reliance on just two firms makes the index vulnerable to AI‑spending cycles, supply‑chain shocks, and a potential bubble, as reflected by an unusually high Kospi VIX of 75 that signals panic‑buying despite the rally. Read more: https://www.theguardian.com/world/2026/jun/03/south-korea-ai-boom-tech-companies-trillion-dollar-club-kospi- #SamsungElectronics #SKHynix #TSMC #aiartificialintelligence #stockmarkets #JensenHuang