Rumor of OpenAI Partnership: How a X Post Boosted AppLovin's Stock

The US ad-tech company AppLovin is currently at the center of wild market speculation. The trigger is not a solid quarterly report, but rather an unconfirmed rumor: the company is said to play a key role in the advertising monetization of OpenAI's ChatGPT in the future. This episode exemplifies how nervous and expectation-driven investors are acting in the realm of artificial intelligence. Key Takeaways: The Rumor: AppLovin is said to provide the technological infrastructure for ChatGPT advertising. The Trigger: A social media post by tech...