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Open Text Corp
$21.16
+1.15 (+5.75%)
OTEX News30 articles
Opendoor Shares Slip on Russell 3000 Inclusion and Dilution Fears
Opendoor shares dropped 1.9% as the company prepares for Russell 3000 index inclusion, with investors concerned about dilution from convertible notes and anti-dilutive securities.
IBM Rises on OpenAI Security Pact and Quantum Orders
IBM shares rose 3.22% premarket after announcing an OpenAI cybersecurity partnership and new U.S. quantum computing orders, defying a broader tech selloff.
OpenAI's $100B Ad Revenue Goal Fuels IPO Ambitions Amid Cost Challenges
OpenAI expects $2.5B in ad revenue this year, projecting $100B by 2030, as it rolls out ChatGPT ads in emerging markets to strengthen its case for a $1T IPO.
Getty Images Surges on OpenAI Deal, Financial Details Remain Under Wraps
Getty Images (GETY) saw its stock jump 167% premarket after revealing a multi-year partnership with OpenAI to display licensed images in ChatGPT, but financial terms were not disclosed.
SpaceX's Thin Float Test: Lessons for Anthropic and OpenAI IPOs
SpaceX stock fell 21% from its peak, highlighting how a tiny tradable supply can cause massive swings, with implications for Anthropic and OpenAI's IPO plans.
Strait of Hormuz Reopens, Oil Prices Tumble as Supply Fears Ease
Oil prices plunged nearly 10% this week as tanker traffic resumed through the Strait of Hormuz after a US-Iran interim deal, but analysts caution that risks remain.
Alphabet Stock Dips as Gemini Co-Lead Departs for OpenAI
Alphabet shares edged lower after Gemini AI co-lead Noam Shazeer moved to OpenAI, sparking worries about Google's AI momentum and talent retention.
Oil Plunges as US-Iran Deal Reopens Hormuz, Gas Relief Slow
Oil prices dropped sharply after the US-Iran interim deal reopened the Strait of Hormuz, but tight gasoline inventories may delay relief at the pump.
OpenAI Lands Google's Noam Shazeer in AI Talent Coup
OpenAI has hired Noam Shazeer, Google's Gemini co-lead, as its architecture research lead, marking a significant talent win as AI competition heats up.
G7 Leaders Debate AI Model Access Amid OpenAI's $1T IPO Plan and Rising China Competition
G7 leaders debate AI model access as OpenAI files for a $1T IPO. Anthropic restricts models, China boosts local AI, and cybersecurity deals surge.
Opendoor Shares Edge Up Ahead of Fed Rate Decision, Housing Data
Opendoor shares traded higher pre-market as investors eye the Fed's rate decision and weak housing starts data. The stock is set to join the Russell 3000 Index after June 26.
Opendoor Stock Rises on Russell Index Inclusion Hopes, Q2 Profitability in Focus
Opendoor shares climbed 3.83% to $4.61 on anticipation of Russell 3000 inclusion, but analysts remain cautious with a 'Reduce' consensus. The company faces a key Q2 test as it targets breakeven adjusted EBITDA.
Opendoor Rises on Russell 3000 Inclusion, But Risks Linger
Opendoor shares jumped 3.8% to $4.61 as investors eye Russell 3000 inclusion after June 26, but the stock remains risky amid ongoing losses and mixed analyst targets.
Gold and Silver Rally as Oil Retreats on Strait of Hormuz Reopening Deal
Gold jumped 3% and silver climbed 4.6% as oil prices plunged to a three-month low after the U.S. and Iran agreed to reopen the Strait of Hormuz, easing inflation fears.
Fed Meeting, Oil Prices, and SpaceX IPO in Focus Ahead of Tuesday's Open
U.S. stocks face key risks as investors await the Fed's June 16-17 meeting, with inflation at 4.2% and Brent crude at $86.80. A potential U.S.-Iran deal could lower oil prices and ease inflation, while SpaceX's strong Nasdaq debut signals demand for AI-linked growth stocks.
Oil Dips Below $90 as Iran Deal Reopens Hormuz, Supply Concerns Linger
Brent crude slid to $86.60 after a US-Iran deal to reopen the Strait of Hormuz, but IEA warns of depleted inventories and supply risks.
OpenAI CEO Cancels Abu Dhabi Visit Amid IPO Filing and Geopolitical Tensions
OpenAI CEO Sam Altman canceled a planned trip to Abu Dhabi, raising questions about the company's Stargate infrastructure plans in the UAE as it pursues a $1 trillion IPO valuation.
SpaceX Record IPO Sets Stage for OpenAI and Anthropic Public Listings
SpaceX's record IPO at $75 billion, valuing it at $1.77 trillion, sets a new benchmark as OpenAI and Anthropic prepare for their own public offerings.
Robinhood Surges as IPO Underwriting Nod Opens New Revenue Streams
Robinhood shares jumped 3% to $86.36 as the broker gains approval to underwrite IPOs, moving closer to Wall Street's core. The move comes as SpaceX's IPO draws massive retail demand and CFTC weighs event contract regulations.
Opendoor Closes India Operations, Cuts 250 Jobs to Accelerate AI Strategy
Opendoor is closing its India operations and cutting 250 jobs to refocus on AI and US customers. Shares rose 3.23% to $4.48, with Russell 3000 inclusion expected after June 26.
Fermi Shares Leap on OpenAI Data Center Speculation, Project Matador in Focus
Fermi shares jumped 22.6% to $6.89 after a report that OpenAI may lease a 10-gigawatt Ohio data center with Nvidia support, boosting optimism for Fermi's Project Matador.
BitGo Opens DeFi Vaults to Institutions Amid Stablecoin Arms Race
BitGo Bank & Trust launches DeFi gateway for institutions via Narval, granting access to Aave, Spark, and Tesseract while maintaining qualified custody and compliance controls.
OpenAI Sets Sights on IPO Within 12 Months, Targets $1 Trillion Valuation
OpenAI has filed a confidential S-1 for a U.S. IPO, with CEO Sam Altman targeting a public listing within the next year. The company aims for a potential $1 trillion valuation.
Fermi Stock Surges on OpenAI Data Center Speculation, Tenant Uncertainty Remains
Fermi Inc. shares surged 24% to $6.99 on heavy volume after OpenAI's Ohio data center plans fueled speculation, but the company still lacks tenant agreements and revenue.
Opendoor Shares Surge on 31% Jump in Acquisition Contracts Ahead of Russell 3000 Inclusion
Opendoor shares jumped 8% after a dashboard update revealed a 31% week-over-week increase in acquisition contracts, boosting turnaround hopes before the Russell 3000 reconstitution.
Opendoor Prepares for Russell 3000 Inclusion Amid Housing Market Challenges
Opendoor shares rose 0.8% to $4.34 as investors position for Russell 3000 inclusion. Q1 revenue fell to $720M with a $173M net loss, and the company warns of mortgage rate and housing market risks.
AmpliTech Surges 27% as 5G Radio Passes Open-RAN Interoperability Test
AmpliTech shares surged 27% after its 64T64R massive-MIMO radio was the only device of its kind tested at O-RAN Alliance PlugFest, though no purchase orders were announced.
OpenAI Files for IPO as AI Race Intensifies
OpenAI has confidentially filed for an IPO, with key financials hidden until the S-1 goes public. The move comes amid rising AI competition and infrastructure costs.
SoFi Technologies Hovers Near $16 as Market Awaits Monday Open
SoFi Technologies stock hovers near $16 in pre-market trading, with markets watching Monday's open after a sharp drop last week, as investors assess record Q1 results against unchanged guidance.
Fidelity Opens SpaceX IPO to Retail Investors with $2,000 Minimum
Fidelity slashes IPO access minimum to $2,000 for SpaceX, reserving up to 30% for retail investors. Allocations are set for June 12, but demand may outstrip supply and volatility is warned.