Stocks in OpenAI's Orbit Get Second Look as Traders Eye Rebound [Yahoo! Finance Canada]
NVIDIA Corporation (NVDA)
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Source: Yahoo! Finance Canada
The shares of companies tied to OpenAI have come under heavy pressure in recent months. A basket of companies connected to OpenAI has tumbled 13% this year, while a basket of Alphabet-tied stocks is up 22%. So that vibe shift is sorely need. On Thursday, the OpenAI basket rose 0.2% while the Alphabet basket jumped 1.2%. But there's growing optimism among investing pros that OpenAI's also-ran status is temporary. Should sentiment continue to improve, it could spur rallies in its major partners like Nvidia Corp., Oracle Corp., Microsoft Corp., CoreWeave Inc. and Advanced Micro Devices Inc. Perceptions about OpenAI's leadership in the technology landscape shifted last fall after Alphabet's Gemini AI model received broad acclaim. This year, the story has been Anthropic's Claude model, which has sparked repeated selloffs in companies considered to be in its competitive path. “Other AI companies are doing well,” Barbetta said. “But so far we haven't seen evidence that their success
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