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Chip happens
Description
Dip buyers pile back into chip stocks. China's May exports beat forecasts, fueled by a jump in memory chip prices - raising fresh inflation concerns for the Fed. Plus, OpenAI files confidentially for an IPO targeting a $1 trillion valuation, the third of the mega IPOs expected this summer.
Today’s recommended read: Will AI become a public utility?, Mike Dolan
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Read more from Amanda Cooper and Anna Szymanski
Produced by Eliza Davis Beard and Abisoye Adelusi
Sound engineering and music by Sebastian and Josh Sommer
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