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tz-plus logo U.S. Exchanges in Rally Mode - OpenAI Valued at $500 Billion - Tesla Reports Unexpectedly Good Quarterly Results - DAX Within Reach of All-Time High - Stock Market Newcomer Fermi Surges Over 50% - Fair Isaac Receives New Direct License for Credit Scores

M. Blattmann
Reading Time: 10 minutes

Tech Giants Drive Rally – OpenAI Becomes a $500 Billion Unicorn and Fuels AI Euphoria in the Markets! The technology sector continues its impressive comeback, catapulting the Nasdaq 100 to a new all-time high. The driving force behind the recent rally is the spectacular valuation of OpenAI , which is now considered the world's most valuable startup with a market capitalization of $500 billion after a substantial equity sale by current and former employees amounting to around $6.6 billion. The tech-heavy index rises by 0.5%, heading towards...

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