The race to go public in artificial intelligence (AI) just accelerated. After Anthropic led the way, OpenAI is reportedly preparing its own move onto US public markets.
For retail investors, this is more than a startup story. Names you can already trade, like Microsoft and Nvidia, are the most direct way to follow the theme.
Wall Street closed Monday (6/8) modestly higher, lifted by a rebound in chip stocks. The S&P 500 rose 0.30% and the Nasdaq gained 0.86%, while the Dow slipped.
| Stock | Movement | What to Watch |
|---|---|---|
| MSFT | Steady near $415 (6/8) | OpenAI's largest backer, the clearest beneficiary if the IPO proceeds |
| NVDA | Rode Monday's chip rally | Core AI compute supplier, AI IPO buzz adds to demand |
| CRWD | Down ~8% after earnings | Beat plus a 4-for-1 split, but cautious guidance triggered profit-taking |
| LLY | Fresh all-time high (6/5) | Positive next-gen weight-loss drug trial, strong pharma momentum |
OpenAI is reportedly working with Goldman Sachs and Morgan Stanley on its IPO plans. The odds of a 2026 listing are pegged near 75%, with its latest valuation above $850 billion.
The move follows Anthropic's earlier listing and signals the opening of a trillion-dollar AI IPO pipeline. Microsoft (MSFT), as OpenAI's largest backer, is the clearest beneficiary if that valuation keeps climbing.
CrowdStrike (CRWD) reported revenue of $1.39 billion, up 26% year over year, with earnings of $1.10 per share above the $1.07 estimate. It also announced a planned 4-for-1 stock split.
The split applies to holders of record on June 25 and begins split-adjusted trading on July 2. Notably, the stock still fell around 8% as forward guidance was seen as conservative.
Eli Lilly (LLY) set a new all-time high after positive results from its next-generation weight-loss drug trial. Pharma sentiment stays strong heading into tonight's session.
Tonight, GameStop (GME) reports after the close, alongside Casey's General Stores. Both could set the tone for the next session.
US futures are trading cautiously into the open, with focus on whether the chip rebound holds. Micron and Marvell led Monday's semiconductor recovery, each up more than 7%.
Marvell is also set to join the S&P 500 on June 22. That news adds to the positive backdrop for chips.
Oil climbed amid Middle East tension, with Brent up 3.18% to $96.05 a barrel. Rising oil and bond yields capped gold, which touched a two-month low.
The big theme tonight is an AI market opening wider through a wave of IPOs. If you are watching your portfolio, Microsoft and Nvidia are the most direct way to track this trend without waiting for the IPO itself.
CrowdStrike and Eli Lilly offer two different stories, one about post-split valuation and one about pharma momentum. Watch how they move before you make a decision.
What stocks are you watching tonight? Check your watchlist on Gotrade now!
Disclaimer
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
