TLDR

MARKET RECAP → Stocks climbed on Thursday, with the S&P 500 (VOO) reaching a new high after positive U.S. economic data boosted investor sentiment.

OPENAI CTO STEPS DOWN→ 🚀 OpenAI CTO Mira Murati is leaving the company after six years of pushing AI boundaries—just as the firm contemplates a major restructuring. Plot twist: who’s steering the AI ship now?

CHIP STOCKS SURGE ON MICRON BOOST → 📈 Micron’s (MU) rosy revenue forecast sent chip stocks soaring, with investors betting that the memory chip market’s rebound might just be the tech comeback they’ve been waiting for.

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

OpenAI CTO Steps Down

🚀 Mira Murati, OpenAI’s CTO, announced her departure, ending a six-and-a-half-year tenure. She was instrumental in advancing OpenAI's technology and played a key role in the development of groundbreaking AI models.

💼 Her exit came amid discussions about restructuring OpenAI, potentially shifting to a for-profit model. Murati’s departure raised questions about the company's direction and leadership stability as it navigated this pivotal moment.

🧠 Murati’s contributions left a lasting impact, but her decision to leave highlighted the ongoing challenges and pressures within the rapidly evolving AI landscape.

TODAY’S TOP NEWS

Chip Stocks Surge on Micron Boost

📈 Global chip stocks soared after Micron (MU) issued a strong revenue forecast, surpassing market expectations. The news sent shares of companies like ASML up 4% as investor confidence in the semiconductor industry grew.

💾 Micron’s upbeat outlook signaled a potential recovery in the memory chip market, which had been struggling due to weak demand and oversupply issues. This renewed optimism sparked a broad rally across tech sectors.

🌍 The rally reflected broader market sentiment, with investors betting that the worst may be over for the chip industry, even as challenges like fluctuating demand and geopolitical tensions lingered.

BULL VS. BEAR

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