Stocks in OpenAI’s Orbit Get Second Look as Traders Eye Rebound
The shares of companies tied to OpenAI have come under heavy pressure in recent months.
Photographer: SeongJoon Cho/BloombergArtificial intelligence has made a lot of noise in the stock market lately, with bots from Alphabet Inc. and startups Anthropic and Altruist disrupting businesses from software to financial services. But one name has been conspicuously absent from the chatter: OpenAI.
The erstwhile AI kingmaker has been passed by its rivals, or at least that’s the public perception. However, Wall Street isn’t ready to throw in the towel on the maker of ChatGPT or the companies attached to it.