AI Giant Takes Legal Action: Musk Sues OpenAI, Microsoft for up to $134 Billion
Musk has filed a lawsuit against OpenAI and Microsoft, seeking up to $134 billion in damages. He accuses them of deviating from their nonprofit mission and alleges that the alliance with Microsoft constitutes fraud. The case is set to go to trial in California in April. Experts representing Musk are basing their claim on his early $38 million investment and non-financial contributions, demanding a share based on the company's $500 billion valuation. OpenAI described the lawsuit as “baseless,” emphasizing that despite transferring 27% of its equity to Microsoft, the organization remains under the control of a nonprofit entity.
Trump threatens: possible tariffs on countries opposing U.S. plan to acquire Greenland
① U.S. President Trump stated that he might impose tariffs on countries that do not support U.S. control over Greenland; ② Trump insisted that the United States should take control of Greenland and expressed that if Greenland does not fall under U.S. control, it would be "unacceptable."
Google Has A Huge Edge Over OpenAI, Microsoft, Says Cloudflare CEO— And It All Comes Down To Data: 'Whoever Has The Most...Wins'
Next Tuesday! The U.S. Supreme Court has set the next tariff comment deadline. If not issued, it will be delayed by at least another month.
The U.S. Supreme Court has set Tuesday as the next date for releasing rulings. If the decision on the tariff case is not announced next week, it will likely take at least another month. Justices typically take the bench only when issuing opinions on cases they have heard, and Wednesday will be the last court conference before the next session, after which the court will recess until February 20.
"Father of HBM": The commercialization of High Bandwidth Flash (HBF) is progressing faster than expected and may be integrated into GPUs within 2-3 years, with a market size potentially surpassing that of HBM.
The latest forecast by Kim Joungho, known as the "father of HBM," indicates that the commercialization of High Bandwidth Flash (HBF) is progressing significantly faster than expected. This technology is expected to be integrated into GPU products from NVIDIA, AMD, and others within the next 2-3 years. With a tenfold capacity advantage brought by NAND stacking, HBF will address the memory gap for HBM in AI inference scenarios. The market anticipates its scaled application during the HBM6 phase, with its market size potentially surpassing HBM by 2038, becoming a key force in next-generation high-bandwidth memory.
U.S. Stock Market Close | Trump's Remarks on Fed Candidates Impact Markets, Three Major Indices Slightly Lower; Chip Stocks Continue Rally, Micron Technology Surges Over 7% Breaking $40 Billion Market Cap; Cryptocurrency Mining and Space Concepts Soar Acr
The Philadelphia Semiconductor Index rose by 1.1%. For the week, the Magnificent Seven underperformed compared to the S&P 493, with the financial sector delivering lackluster performance. The yield on the 10-year U.S. Treasury note increased by 5 basis points, while the U.S. dollar briefly fell below 99 before rebounding by 0.23% from its daily low, ultimately closing flat compared to Thursday's close. Spot gold declined by 0.7%, but still recorded a weekly gain of 2%. Silver fell by 2.4%, hovering around the $90 mark amid volatile trading. Copper prices continued their correction, with London copper dropping more than 2%, reversing earlier gains during the week.
Top 20 in trading volume | The storage chip rally continues, with Micron Technology surging 7%, hitting a new closing high alongside SanDisk; Walmart reshuffles leadership in its three core divisions, while Tesla's FSD safety investigation receives an ext
Walmart, the top stock by trading volume on the US market on Friday, closed 0.42% higher with a turnover of $49.465 billion. The company appointed new heads for its three core business units, completing a round of 'reshuffling' within the executive team of the world's largest retailer. On Friday (January 16), Walmart announced on its official website that David Guggina, Executive Vice President of the company's US operations and Chief E-commerce Officer, will become the President and Chief Executive Officer of Walmart's US business — the company’s largest and most important business division.
Exchange Traded Funds Top 10 Volume Leaders
U.S. Equity ETF Tracker | Secures Multi-Hundred Million Dollar Data Leasing Deal with AMD; 2x Long RIOT ETF Surges 32%; Space Concept Stocks Rally Across the Board, 2x Long ASTS ETF Climbs Over 28%
All three major U.S. stock indexes closed lower, with the Nasdaq Composite down 0.06%, the Dow Jones Industrial Average declining 0.17%, and the S&P 500 Index slipping 0.06%. Semiconductor stocks broadly advanced, with the Philadelphia Semiconductor Index rising 1.15%. Micron Technology jumped over 7%, while Broadcom, Applied Materials, and ASML Holding each gained more than 2%.
$100 Invested In NVIDIA 20 Years Ago Would Be Worth This Much Today
$1000 Invested In Microsoft 20 Years Ago Would Be Worth This Much Today
U.S. Stock Market Close: Slight Decline in Major Indices Amid Cautious Start to Earnings Season; Micron Technology Surges Over 7%, Market Cap Breaks $400 Billion
①The majority of popular Chinese concept stocks declined, with the Nasdaq Golden Dragon China Index falling by 1.15%; ②Novo-Nordisk A/S's U.S.-listed shares surged as the company’s weight-loss oral medication made a strong debut in the U.S. market; ③OpenAI announced it will begin testing advertisements to enhance ChatGPT's revenue-generating capabilities; ④Next week marks the peak of earnings season, with major companies such as Netflix, Johnson & Johnson, and Intel set to release their financial results.
ProShares UltraPro QQQ ETF Options Spot-On: On January 16th, 319.36K Contracts Were Traded, With 1.65 Million Open Interest
On January 16th ET, $ProShares UltraPro QQQ ETF(TQQQ.US)$ had active options trading, with a total trading volume of 319.36K options for the day, of which put options accounted for 39.14% of the
Top 10 Congress Stock Traders 2025: Nancy Pelosi, Marjorie Taylor Greene Both Bet Big On NVDA — But Who Came Out On Top?
OpenAI has announced that it will initiate advertising tests to enhance ChatGPT's revenue-generating capabilities.
①OpenAI plans to test ad placements in ChatGPT among some U.S. users, marking a significant shift in its commercialization strategy aimed at enhancing revenue generation capabilities; ②OpenAI stated that advertising revenue will help maintain ChatGPT's free and low-cost access, emphasizing that advertisements will not influence the content of responses and user dialogues will not be shared with advertisers.
Fed's Bowman: Given risks in the job market, the Fed should be ready to cut interest rates again.
①Vice Chair of the Federal Reserve, Michelle Bowman, warned that the labor market is fragile and could deteriorate rapidly; the Fed should be prepared to cut interest rates again. ②Bowman emphasized that monetary policy needs to remain flexible, avoiding signaling a pause in further rate cuts, and should be based on forecasts derived from a broad range of indicators and ongoing communication.
Express News | Federal Reserve Vice Chair Jefferson: Do not wish to prejudge the January interest rate decision; inflation is expected to return to the 2% track.
Cathie Wood's 2026 Outlook: The U.S. economy is like a compressed spring ready to rebound; it will take several years for an AI bubble to emerge; gold prices are showing extreme signals.
On January 15 Eastern Time, ARK Invest, led by Cathie Wood, released a report on its official website titled '2026 Macro and Technology Investment Outlook.' The core points are as follows. Current State and Prospects of the U.S. Economy: The U.S. economy is experiencing a 'rolling recession,' with pressures in housing, manufacturing, and non-AI capital expenditures. However, like a 'compressed spring,' it is expected to rebound strongly in the coming years. Deregulation, tax cuts, declining inflation, and falling interest rates will drive an economic reversal. Inflation and Productivity: Inflation may fall to low levels or even turn negative due to factors such as falling oil prices, declining housing prices, and increased productivity. The integration of technologies such as AI, robotics, and blockchain could push annual productivity growth to 4%-6%, reducing unit labor costs and potentially leading to deflationary effects. Wave of Technology Investment: AI is driving capital expenditure to historical highs,
CoreWeave (CRVW) Stock Soars Friday: What's Driving The Action?
Hassett: If Leading the Federal Reserve, Will Firmly Defend Its Independence
Hassett emphasized the importance of the Federal Reserve's independence for economic stability and pledged to uphold this principle firmly if leading the central bank. He expressed anticipation that the Department of Justice investigation would "not uncover significant issues," while revealing plans to accompany Trump to the Davos Forum next week, where a new policy allowing 401(k) funds to be used for housing down payments will be announced. Hassett also confirmed the advancement of the "Trump Card" financial innovation and expressed approval of several potential candidates for the position of Federal Reserve Chair.