"It seems like any stock sitting adjacent to OpenAI has been punished severely in the past couple of months. Undoubtedly, it did not take long for sentiment to shift in the weeks and months that followed the launch of Gemini 3.0. Though OpenAI's "code red" response was decent, with GPT-5.2 launching surprisingly earlier than expected, it's clear that the momentum remains on Google's (the parent company is Alphabet ( NASDAQ:GOOGL) side."
"Even with all the uncertainty surrounding OpenAI and worries about the financial picture (could the firm really run out of cash in the middle of 2027 if it can't do more capital raises?), the current cap raise round could pin the firm at a valuation in the ballpark of $750 billion and $830 billion, up markedly in a few quarters. Despite the financial question marks and sky-high spending to come, can the ChatGPT maker really still be worth such a colossal sum? Possibly."
"It's too easy to be bearish on OpenAI these days, especially as AI bubble fears stay front and center. Either way, 2026 will be a big year for OpenAI. It might even leapfrog over Google Gemini again, as it explores monetization opportunities (ads). If rival Anthropic can find a path to profitability, so, too, can OpenAI, especially if the GPT-6 launch goes as well as GPT-4."
Stocks adjacent to OpenAI have fallen as sentiment shifted following Google's Gemini 3.0 launch. OpenAI responded with an earlier-than-expected GPT-5.2, but momentum currently favors Google. ChatGPT remains the user-base leader, and future GPT releases could change competitive positioning. OpenAI faces financial uncertainty and a possible cash runway issue through mid-2027, while a cap raise could value the company between $750 billion and $830 billion. A potential IPO could be historic and volatile, possibly approaching $1 trillion. OpenAI is exploring monetization options and 2026 will be pivotal for competitive and financial outcomes.
Read at 24/7 Wall St.
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