markets

Luke Kawa2/20/26

AppLovin jumps on unconfirmed social media report that it’s working with OpenAI on ChatGPT ads

AppLovin began to surge late in Thursday’s session, with the gains accelerating after the close thanks to an unconfirmed report suggesting the ad tech company had a nascent business relationship with OpenAI.

Market chatter about the potential partnership was sparked by this X post from hedge fund manager Jonah Lupton, who has more than 550,000 followers on the social media platform:

OpenAI Jonah Lupton post — Source: Jonah Lupton on X

In the post, which has since been lightly edited, Lupton discloses that he and his fund have a position in AppLovin.

Neither OpenAI nor AppLovin has issued any press release detailing any business arrangement between the two.

AppLovin and OpenAI did not immediately respond to requests for comment.

In January, OpenAI announced that it would be rolling out ads for users of the free tier and ChatGPT Go editions of its chatbot. The company had been testing these ads earlier this month.

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

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