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Articles tagged markets.

Why Micron Stock Fell: CXMT's Denser DRAM and What It Threatens
Markets & Money

Why Micron Stock Fell: CXMT's Denser DRAM and What It Threatens

Micron fell 3.88% to $989.04 on October 12 after China's CXMT said it will launch a server memory module on a denser cell design by year-end. CXMT's product is conventional DRAM, and its revenue share is 9.5% against 23.3% for Micron.

Sam Whitaker
OpenAI Revenue Run Rate: $50 Billion, and Where the $70 Billion Figure Came From
Markets & Money

OpenAI Revenue Run Rate: $50 Billion, and Where the $70 Billion Figure Came From

OpenAI told investors its annualized revenue was approaching $50 billion at the end of September, the Financial Times reported, about $20 billion below a figure that circulated a week earlier. The higher number was an investor estimate built to match how Anthropic counts revenue.

Sam Whitaker
Anthropic Moved Its IPO to November, and the Raise Could Top SpaceX's Record
Markets & Money

Anthropic Moved Its IPO to November, and the Raise Could Top SpaceX's Record

Anthropic is now targeting a November IPO that could value it near $2 trillion and raise as much as $100 billion, the Wall Street Journal and New York Times reported September 18. The later date lets its prospectus carry third-quarter results.

Sam Whitaker
OpenAI Ruled Out a 2026 IPO, and Chip Stocks Fell 5.9% on the Slowdown Talk
Markets & Money

OpenAI Ruled Out a 2026 IPO, and Chip Stocks Fell 5.9% on the Slowdown Talk

Sam Altman told Fortune on September 12 that going public this year would be "ill-advised" given safety concerns. After Altman and Elon Musk backed Dario Amodei's call to pace frontier AI, the Philadelphia Semiconductor Index fell about 5.9% on Monday. Anthropic is still targeting an October listing.

Sam Whitaker
Nvidia Beat at $96.2B and Guided to $108B. The Stock Added $442B in a Day.
Big Tech

Nvidia Beat at $96.2B and Guided to $108B. The Stock Added $442B in a Day.

Nvidia reported Q2 FY2027 revenue of $96.22 billion against $92.07 billion consensus, with Data Center up 117% to $89.02 billion. It guided Q3 to $108 billion and said revenue should grow about 70% next fiscal year.

Sam Whitaker
SpaceX Grew Revenue 92% in Its First Public Quarter. AI Spending Ate the Result.
Markets & Money

SpaceX Grew Revenue 92% in Its First Public Quarter. AI Spending Ate the Result.

SpaceX reported $7.8 billion in Q2 revenue, up 92%, in its first quarter as a public company. AI infrastructure spending doubled to $15.8 billion, the AI segment lost $1.26 billion, and the stock is down 24% since its debut.

Sam Whitaker
US Venture Hit $412.7B in Six Months. Over 80% Went to Megarounds.
Markets & Money

US Venture Hit $412.7B in Six Months. Over 80% Went to Megarounds.

US venture investment reached $412.7 billion in the first half of 2026, already topping any prior full year, with more than 81% of the dollars flowing into rounds of $100 million or more.

Sam Whitaker
Daily Roundup, May 29: The AI Money Kept Circling
Markets & Money

Daily Roundup, May 29: The AI Money Kept Circling

Anthropic's record raise, Snowflake's best day ever, and a trillion-dollar Micron. The thread is capital, and a lot of it is moving in a circle.

Sam Whitaker