All clearly designed to cash in on the speculative value being given to AI companies.
Strategically I thought OpenAI's deal of getting 10% of AMD for driving their stock price to $600 was a pretty clever way of creating $97 Billion from nothing - effectively paying for the GPUs they'd purchase.
At the same time I would've thought this insider pump and cash-in strategy would be somehow illegal, but I guess anything goes with this administration.
These sorts of shenanigans happen under whatever administration happens to be in office at the end of a long business cycle and near the frothy peak of a hype cycle. And that frothy peak can be quite tall and last for years.
Just getting options and trying to get the company to do well isn't illegal or discouraged. Price manipulation can be illegal but I don't see any evidence of that so far.
Strategically I thought OpenAI's deal of getting 10% of AMD for driving their stock price to $600 was a pretty clever way of creating $97 Billion from nothing - effectively paying for the GPUs they'd purchase.
At the same time I would've thought this insider pump and cash-in strategy would be somehow illegal, but I guess anything goes with this administration.