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Market Chatter: OpenAI Forms $10 Billion AI Deployment Venture With Private Equity Backing

Microsoft (MSFT)-backed OpenAI has secured more than $4 billion from investors for a new joint venture valued at $10 billion to expand adoption of its artificial intelligence products, Bloomberg News reported Monday, citing a person with knowledge of the matter.The venture, dubbed The Deployment Company, is backed by 19 investors, including TPG (TPG), Brookfield Asset Management (BAM), and Bain Capital, the source reportedly said.OpenAI will retain majority ownership and control, according to the report.The initiative is intended to use investor networks, which include more than 2,000 portfolio companies and clients, to accelerate enterprise uptake of OpenAI's technology, Bloomberg quoted the source as saying.The development comes as OpenAI and Anthropic compete to grow enterprise sales of AI software ahead of potential public listings, Bloomberg reported.OpenAI, TPG, Brookfield and Bain did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $416.49, Change: $+2.30, Percent Change: +0.55%

$BAM$MSFT$TPG

Commodities55d ago

US Natural Gas Update: Futures Gain as Light Storage Build, Output Dip Support Prices

US natural gas futures were up on Monday, supported by a smaller-than-expected injection into storage, lower output and bullish weather forecasts.The front-month Henry Hub contract and the continuous strip both edged up 1.26% to settle at $2.81 per million British thermal units.This comes following the US Energy Information Administration's Weekly Storage Report showing a net injection of 79 billion cubic feet into storage for the week ended April 24, down from 103 Bcf the prior week, and falling short of forecasts of 83 Bcf, according to data compiled by Investing.com.At the same time, production has dropped over the past week by 2 Bcf per day, dropping to a 12-week low of 107.6 Bcf per day, according to TradingEconomics.US LNG feedgas deliveries are near-record levels, but have edged lower at 18.03 Bcf per day, according to estimates by the Bloomberg LNG Feedgas Model, compared to the 30-day moving average at 19.48 Bcf.Nearly two-thirds of the country is expected to see above-normal temperatures from May 11 to May 17, compared to below-normal temperatures in recent weeks, according to the National Weather Service.According to NRG Energy, this could turn bullish, as a warm West and Midwest during this period often translates into higher early-summer cooling demand.

Wire55d ago

Jefferies Adjusts Price Target on Cognizant Technology Solutions to $65 From $80, Maintains Buy Rating

Cognizant Technology Solutions (CTSH) has an average rating of overweight and mean price target of $74.30, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $52.47, Change: $+0.04, Percent Change: +0.08%

$CTSH

Wire55d ago

Jefferies Adjusts Price Target on Deckers Outdoor to $110 From $118, Maintains Hold Rating

Deckers Outdoor (DECK) has an average rating of overweight and mean price target of $128.37, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $99.87, Change: $-1.02, Percent Change: -1.01%

$DECK

Wire55d ago

Jefferies Adjusts Price Target on Aflac to $100 From $97, Maintains Hold Rating

Aflac (AFL) has an average rating of hold and mean price target of $112.21, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $112.25, Change: $-0.66, Percent Change: -0.59%

$AFL

Wire55d ago

Baird Adjusts Revvity Price Target to $125 From $129, Maintains Outperform Rating

Revvity (RVTY) has an average rating of overweight and mean price target of $111.36, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $87.24, Change: $+0.56, Percent Change: +0.65%

$RVTY

Wire55d ago

CICC Research Adjusts QUALCOMM Price Target to $185 From $160, Maintains Outperform Rating

QUALCOMM (QCOM) has an average rating of Hold and mean price target of $170, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $171.14, Change: $-5.90, Percent Change: -3.33%

$QCOM

Wire55d ago

Jefferies Adjusts Price Target on Builders FirstSource to $80 From $85, Maintains Hold Rating

Builders FirstSource (BLDR) has an average rating of overweight and mean price target of $98, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $75.41, Change: $-0.31, Percent Change: -0.42%

$BLDR

Wire55d ago

Jefferies Adjusts Price Target on Fair Isaac to $1,700 From $1,800, Maintains Buy Rating

Fair Isaac (FICO) has an average rating of overweight and mean price target of $1,510.65, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $1065.30, Change: $+29.92, Percent Change: +2.89%

$FICO

Oil & Energy55d ago

US Oil Update: Futures Gain on Skepticism Over Project Freedom

Crude rose on Monday despite the US "Project Freedom" plan to move trapped vessels, as traders remain skeptical that trade flows can resume anytime soon through the Strait of Hormuz.Front-month West Texas Intermediate crude futures added 0.2% to $102.18 per barrel, while Brent futures were up by 1.6% to $109.90/bbl."Oil remains the macro anchor as markets watch whether the US plan to help free ships stuck around the Strait of Hormuz can ease supply pressure," Saxo Bank analysts said."The market remains fragile because the plan's implementation is uncertain, and Kuwait's oil exports reportedly falling to zero underlines how severe the regional supply disruption has become," Saxo Bank analysts added.Sentiment was briefly shaken by the announcement of "Project Freedom," a US plan to guide commercial ships out of the Strait of Hormuz.However, initial selloffs were quickly reversed as the market grew unconvinced by the plan's scope.Initial reports of an Iranian attack on an Adnoc-owned tanker in the Strait of Hormuz were confirmed Monday after the UAE government released a statement condemning the incident.Analysts note that without active US Navy escorts for inbound vessels, the move likely only provides temporary relief by clearing out existing floating storage rather than restoring normal trade flows.Supply concerns are further exacerbated by a lack of progress in diplomatic channels and shifts within OPEC+.Although the group announced a 188,000 b/d supply increase for June, its first meeting since the UAE's surprise exit, market experts doubt the full volume will reach the market.Over half of the scheduled increase is tied to Persian Gulf producers currently restricted by the Strait of Hormuz blockade.With President Trump reportedly labeling Iran's latest peace proposal "unacceptable" and Tehran refusing to discuss nuclear terms until port blockades are lifted, crude prices continue to hold a significant risk premium.

Mining & Metals55d ago

TSX Down 120 Pts Early Monday; Comes After Losses In 6 of Last 7 Full Sessions

S&P/TSX CompositeS&P/TSX Composite

Oil & Energy55d ago

Iran Targets Adnoc Tanker Transiting Hormuz Strait

Iran struck an Adnoc-owned tanker while it was transiting the Strait of Hormuz on Monday, an attack which the UAE government said it "strongly condemned".Two drones hit the tanker in a "flagrant violation" of United Nations Security Council resolution 2817, the Ministry of Foreign Affairs said.There were no injuries reported from the attack, the government confirmed.

Wire55d ago

IonQ Launches Capabilities for Millimeter-Scale Earth Monitoring

IonQ (IONQ) has commercially launched Interferometric Synthetic Aperture Radar capabilities through its space missions line, the company said Monday.The new capabilities allow millimeter-precision ground deformation monitoring, enabling users to detect and track physical change on the Earth's surface consistently on an automated tasking platform, according to a statement.Financial terms of the new offering were not provided.Price: $46.61, Change: $+0.41, Percent Change: +0.89%

$IONQ

Wire55d ago

Street Color: Goldman Sachs, Blackstone, Anthropic, Hellman & Friedman Form New AI Services Entity

$AMZN$BX$GS

Wire55d ago

Jefferies Adjusts Price Target on GoDaddy to $95 From $100, Maintains Hold Rating

GoDaddy (GDDY) has an average rating of overweight and mean price target of $115.87, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $90.00, Change: $+3.22, Percent Change: +3.71%

$GDDY

Wire55d ago

Jefferies Adjusts Price Target on Ralph Lauren to $425 From $410, Maintains Buy Rating

Ralph Lauren (RL) has an average rating of overweight and mean price target of $428.29, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $359.30, Change: $-2.90, Percent Change: -0.80%

$RL

Equities55d ago

Market Chatter: EU Eyes More Free Carbon Permits in Planned Methodology Adjustment

The European Commission is considering increasing the number of free carbon permits available to polluting companies by adjusting the benchmarks used to calculate the size of such allocations.Under the proposal, the benchmarks will now also take into account indirect emissions instead of just direct emissions, Bloomberg News reported Monday, citing a document shared with EU member states on April 30.The updated benchmarks are planned to undergo public consultation from early May until the start of June before being up for approval by the EU's Climate Change Committee. The free carbon permits will then be allocated for the 2016 to 2030 period.The European Commission did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^SXXP

Wire55d ago

Morgan Stanley Adjusts Price Target on Advanced Micro Devices to $360 From $255, Maintains Equalweight Rating

Advanced Micro Devices (AMD) has an average rating of overweight and mean price target of $310.28, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $357.58, Change: $-2.96, Percent Change: -0.82%

$AMD

Wire55d ago

TD Cowen Adjusts Price Target on Valero Energy to $276 From $255, Maintains Hold Rating

Valero Energy (VLO) has an average rating of overweight and mean price target of $262.53, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $247.32, Change: $+0.49, Percent Change: +0.20%

$VLO

Wire55d ago

TD Cowen Adjusts Price Target on Becton, Dickinson and Company to $163 From $189, Maintains Hold Rating

Becton, Dickinson and Company (BDX) has an average rating of overweight and mean price target of $183.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $149.95, Change: $+0.66, Percent Change: +0.44%

$BDX

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Oil & Energy55d ago