Articles by Michael Okonkwo
Z.AI's $5B Capital Raise Triggers Stock Slip, Dilution Fears
Z.AI's Hong Kong shares dropped 7.4% after a $5B raise that could expand share count 10.4%, as investors weigh dilution against growth plans.
SoftBank Tumbles 11% as OpenAI IPO Delay Strains AI Bets
SoftBank Group shares dropped 11.4% after OpenAI confirmed it won't list in 2026, raising questions about the $10 billion payment due in October and the valuation of its AI bet.
OpenAI Delays IPO to 2026 as AI Safety Concerns Mount
OpenAI will not go public in 2026, CEO Sam Altman confirmed, as he joined Anthropic's CEO in advocating for a more cautious approach to AI development.
Enflame Tech Soars 179% on Debut Despite Losses, Tencent Ties Loom
Enflame Technology (688801) closed its first day up 179% at CNY 397, valuing the AI chip designer at $25.5B despite losses. Tencent supplies 84% of revenue, posing concentration risk.
Cerebras Insiders Sell $29.6M, But Executives' Trades Were Preplanned
Cerebras insiders sold $29.6M in shares on Sept. 4, but CEO and CTO trades were preplanned. Stock fell 8.6% since, while director's sale lacks 10b5-1 plan.
Enflame's 179% Debut Surge Raises Float Concerns on STAR Market
Enflame Technology surged 179% on its STAR Market debut, but the tiny 4.16% float raises concerns about valuation sustainability and customer concentration.
D'Ieteren Stock Retreats as Belron Listing Hype Meets Reality
D'Ieteren shares surged on Belron IPO news, then reversed as investors weighed unknowns. The review focuses on minority stakes, not the parent's exit.
Anthropic Researcher Exit Raises IPO Valuation Questions for AMZN, GOOGL
Researcher Jacob Coxon quit Anthropic before his equity vested, raising governance questions ahead of a potential IPO. Amazon and Alphabet's exposure to Anthropic is in focus.
SpaceX Shares Dip 3.9% as Lockup Tranche Unlocks, But Buyers Absorb Supply
SpaceX shares fell 3.9% as a new lockup tranche became eligible for sale, but the stock held above its IPO price, suggesting buyers absorbed the supply.
Anthropic Safety Exit Sparks $2 Trillion Valuation Scrutiny
Anthropic researcher Jacob Coxon resigns over AI safety, raising concerns as the company eyes a $2 trillion IPO valuation. Amazon and Alphabet face exposure.
SpaceX's $2 Trillion Valuation Faces Key CFO Test This Thursday
SpaceX shares hit $153.47, pushing market cap to $2.02 trillion. All eyes on CFO Bret Johnsen's Thursday remarks to justify the lofty valuation amid heavy AI and infrastructure spending.
Holtec Nuclear Sets IPO Range at $15-$18, Governance Concerns Loom
Holtec Nuclear's IPO targets up to $10.2B valuation, but new investors get just 1% voting power. Public shares represent 8.8% of total, raising governance concerns.