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Stock impact report

Applied Digital, Lumen, Cogent, Grid Dynamics, and Pure Storage Shares Are Soaring, What You Need To Know [Yahoo! Finance]

Grid Dynamics Holdings, Inc. - Class A (GDYN) 
Company Research Source: Yahoo! Finance
A number of stocks jumped in the afternoon session after sentiment in the tech space improved, fueled by significant developments from OpenAI. OpenAI's valuation reportedly soared to $500 billion after a share sale, making it the world's most valuable startup and reinforcing investor confidence in the AI boom. Further fueling the rally, OpenAI announced partnerships with South Korean chipmakers SK Hynix and Samsung for its ambitious 'Stargate' project, a massive undertaking aimed at building AI infrastructure. This news created a positive ripple effect across the tech landscape, particularly for semiconductor companies, as it signals sustained, large-scale investment in the hardware that powers AI. The developments have bolstered the entire sector, pushing technology stocks to new records. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Enterprise Networking c Show less Read more
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