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  • Daily stonks: OpenAI search, Altman nuclear energy, Novavax deal, and TSMC

Daily stonks: OpenAI search, Altman nuclear energy, Novavax deal, and TSMC

Author

Michael Luo
May 10, 2024

Here’s the latest “under the radar” stock news from Reddit in the last 24 hours that you don’t want to miss, as picked by Fluid Bot’s AI.

Happy Friday! Stay tuned - next week, AI will read through earnings reports for:

  • Roblox $RBLX

  • AMC $AMC

  • Airbnb $ABNB

  • Shopify $SHOP

  • OpenAI plans to announce an artificial intelligence-powered search product

  • The product is an extension of their flagship ChatGPT

  • Google and Perplexity are potential competitors

  • OpenAI ChatGPT has struggled with providing accurate and real-time information

  • Startup Perplexity has gained traction with an AI-native search interface

  • OpenAI's user base has been fluctuating

  • OpenAI has had past attempts to bring updated information to ChatGPT

  • Stock tickers: MSFT.O, GOOGL.O

  • Sam Altman, chairman of OpenAI, has taken nuclear energy company Oklo public through a SPAC called AltC Acquisition Corp.

  • Oklo is trading on the NYSE under the ticker symbol "OKLO" and was set to receive over $306 million in gross proceeds.

  • Oklo's business model involves using mini nuclear reactors to sell energy to end users like the U.S. Air Force and tech companies.

  • Altman sees nuclear energy as a solution to the growing demand for AI and the energy needed to power it without relying on fossil fuels.

  • Oklo is working on its first small-scale reactor in Idaho, targeting 2027 for deployment.

  • Novavax ($NVAX) and Sanofi signed a partnership deal worth over $1.2bn

  • Sanofi's investment values Novavax at over $1.8bn including milestone payments

  • 44m shares of Novavax are shorted (>30%)

  • Sanofi deal is better than Moderna deal

  • Matrix-M integration Deal and Sanofi Equity Investment mentioned

  • 140 million share float, 35% shorted, similarities to January 2021 rally predicted

  • Taiwan Semiconductor Manufacturing Co. (TSMC) saw a 60% jump in April sales to $7.3 billion

  • Sustained demand for artificial intelligence (AI) chips contributed to the sales increase

  • TSMC is expected to increase sales by a third in the current quarter

  • TSMC manufactures chips for companies like Nvidia and Apple

  • Nvidia's earnings report is scheduled for May 22, 2024

  • TSMC's shares hit an all-time high in April