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Wednesday, September 16, 2026

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Tech stocks today: OpenAI raising funds at $1.2 trillion valuation, SK Hynix and Intel moves

Tech stock news for the week of Sept. 14.

· 174 words

Tech stocks rose in pre-market trading on Tuesday, with the Nasdaq climbing 0.5%.SK Hynix (SKHY) released a statement Wednesday saying that it is "exploring various options" following a Reuters report that the company is seeking to manufacture its memory chips in the US for the first time at Intel's (INTC) planned fabrication facility in Ohio.A separate plan would see SK Hynix create a venture with Intel and cloud giants to build the chips.Shares of both Intel and SK Hynix rose more than 3%.OpenAI (OPAI.PVT), meanwhile, is reportedly planning another funding round that would value the AI startup at $1.2 trillion, according to The Wall Street Journal.The AI industry continues to grapple with warnings that the technology could eventually harm humans. On Saturday, Anthropic (ANTH.PVT) CEO Dario Amodei posted an essay responding to the posts, calling on AI companies to slow the pace of frontier AI development. OpenAI CEO Sam Altman agreed.But on Monday's All In podcast, Nvidia (NVDA) CEO Jensen Huang said that the fears of an AI doomsday scenario are simply made up.

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