Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
Opinion: The potential IPO of OpenAI may trigger a chain reaction in infrastructure stocks
BlockBeats News, June 18 — MIT cognitive science PhD and AI researcher Gary Marcus warned that OpenAI’s potential IPO and cash burn issues could pose risks to some technology stocks that are highly dependent on AI computing power demand. This view offers a more bearish narrative for the currently hot AI infrastructure trading.
Marcus believes that the valuations of companies such as Nvidia, Oracle, and CoreWeave are partly built on the expectation that OpenAI will continue making large-scale purchases of chips and data center capacity. If OpenAI’s listing process does not go smoothly, its valuation faces pressure, or spending is cut due to price wars, these suppliers may see downward revisions to revenue forecasts.
This month, OpenAI has already filed a confidential S-1 to pave the way for a potential IPO. Meanwhile, the market is also watching its high computing costs, its competition with Anthropic, and whether corporate clients will reduce call volumes due to AI usage costs being too high.
Marcus’s concerns go beyond the stock level. He suggested that if AI data center financing, cloud computing contracts, and OpenAI’s demand become highly interlinked, a contraction in core customer spending could cause lenders to reassess the credit quality of AI-related assets.