Cathie Wood is the biggest OpenAI bettor among major public funds, at least by share of her portfolio. Fidelity, however, holds the largest position by dollar value, according to an analysis from Bloomberg Intelligence.
OpenAI is the company behind ChatGPT, which has grown into one of the world’s most widely used consumer AI products.
» Read more about: Cathie Wood buys $69 million of the hottest AI company »
The Nikkei Average ended trading on October 6 at 70,683.98 yen, recovering to the 70,000 yen level. The rise in U.S. high-tech stocks has spread to the Japanese market, with the technology sector leading the index’s gains.
However, a rise in stock prices is not the same as a reduction in the burden on households.
Marvell Technology shares gained nearly 6% at close after the company announced a higher long-term revenue target at its Investor Day.
Advanced Micro Devices stock jumped nearly 3% higher after Citi raised its price target to $800 from $575 and maintained a ‘Buy’
Stock Market Today, 7 October, 2026: The Indian stock market is in a turmoil these days. But did you know it is not just the Indian indices that affect the stock market every day? There are several global factors that affect the Indian stock market.
These are stock markets from all over the globe.
William Lee, Chief Economist and Managing Director at Global Economic Advisors, said the US economy is showing “a lot of cracks” beneath the strength of the artificial intelligence (AI) boom, with high interest rates hurting housing, construction and other interest-sensitive sectors. He said the strong demand for capital, particularly from AI-related investment, is helping keep the broader economy and equity markets resilient despite elevated bond yields.
On October 6, the interest rate on 10-year government bonds became a bit of news. The coupon rate for new 10-year government bonds issued by the Ministry of Finance reached 3.1% per annum. This was a sharp increase from the previous 2.7%, marking the highest level in about 30 years since 1996. In the actual auction,
A $40,000 AI raise sounds like a windfall, but for a 63-year-old already collecting Social Security, two separate federal rules each take a cut in ways most high earners never see coming.
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The S&P 500 rose to an all-time intraday on Tuesday, touching 7844.52 and surpassing its August 13 intraday peak when it hit 7,830. The benchmark also closed for the first time over 7,800.
The recovery comes after months of oil shocks,
» Read more about: Chart: A look at the S&P 500's remarkable and defiant trip to a new record »
The remarks by prominent U.S. investor Ray Dalio (founder of the major hedge fund Bridgewater Associates) serve as a warning that ‘the ballooning debt of nations and corporations, combined with overheated stock prices driven by the AI boom, are becoming a major bomb for the financial markets.’
Here, we will break down the background of these remarks and their potential impact on a recession and the stock market in an easy-to-understand manner.