Tech Stocks

A wave of AI data-center IPOs is set to hit the market in the coming months, including the largest data-center IPO ever, as firms look to cash in on massive investor interest.

Memory stocks jumped this week following a White House directive to Apple challenging the iPhone maker to stop buying memory chips from China. Prices have surged 500% over the past year.

OpenAI released its second-quarter financials, and the results are so bad – a loss of $12.3 billion – that they should call into question the viability of the AI lab.