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Why Applied Digital Stock Zoomed Nearly 9% Higher Today

2 years 11 months ago
Data center operator Applied Digital (NASDAQ: APLD) was a hot item among investors on Monday. The company's share price enjoyed a very pleasant boost of almost 9% on the day, on some big news in the artificial intelligence (AI) industry and the appointment of a seasoned tech indu

EXCLUSIVE-OpenAI investors considering suing the board after CEO's abrupt firing - sources

2 years 11 months ago
Some investors in OpenAI, makers of ChatGPT, are exploring legal recourse against the company's board, sources familiar with the matter told Reuters on Monday, after the board ousted CEO Sam Altman and sparked a potential mass exodus of employees. Sources said investors are working with legal advisers to study their options. It was not immediately clear if these investors will sue OpenAI. Investors worry that their hundreds of millions invested in OpenAI, a crown jewel in some of their portfolios, could suffer catastrophic losses as a result of what appears to be a potential collapse of the hottest AI startup in the rapidly growing generative AI sector.

S&P 500, Nasdaq Nab 5 Straight as Tech Stocks Rally

2 years 11 months ago
The Dow barged into the holiday-shortened week with a 203-point gain, marking its sixth daily win in seven. Microsoft (MSFT) helped fuel today's rally, after news that former OpenAI CEO Sam Altman will lead the company's new artificial intelligence (AI) research team. Tech stoc

Dow Movers: CAT, BA

2 years 11 months ago
In early trading on Monday, shares of Boeing topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.7%. Year to date, Boeing registers a 12.2% gain.
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