AI's Biggest IPO

OpenAI files to go public in what could become one of Wall Street’s largest listings.

Author

Josh Banuelos
June 10, 2026

Your Daily Dose of Market & Career Clarity

📬 Delivered to 150,000+ ambitious readers

Silver banana goes to…

Get a Top Job Offer, Guaranteed (or tuition is free) | Apply Here


Market Snapshot

📉 Banana Bits

F2 Raises $24M to Scale its LLM-Agnostic AI Operating System for Private Credit

F2, the compounding intelligence platform for private markets, has raised $24 million in total equity — including a new $14 million seed round led by HighlandX, on top of $10 million previously raised. Backers include Left Lane Capital, NFX, Y Combinator, and Torch Capital.

Now live across 100+ private credit funds and commercial banks, F2 automates screening, underwriting, and portfolio monitoring at 5x throughput, with enterprise-grade security and zero data retention.

What's new for your deal team:

  • Adam — an LLM-agnostic deal agent that's faster, more token-efficient, and more capable than leading frontier models on complex credit work.

  • Institutional Knowledge — a living repository of your team's deal history and context that informs every financial workflow.

The results are showing: monthly active users are up 650%, and deals analyzed have grown 10x to over 15,000 this year.

See what F2 can do for your team at f2.ai. Request a demo today

Market News

Wall Street's Favorite Addiction

The stock market moved higher today, with both the S&P 500 and Nasdaq reaching new record highs. Technology stocks were the main driver of gains, especially companies tied to artificial intelligence.

Micron was one of the biggest winners after receiving a higher price target from analysts, helping boost confidence across the semiconductor industry. Investors remained optimistic about future growth in AI despite ongoing concerns about inflation and global events.

News that tensions between the United States and Iran may be easing also helped improve investor sentiment. While oil prices remained elevated, they were not enough to stop the market's upward momentum. Overall, investors continued focusing on growth opportunities in technology and AI.

Another major trend today was the continued strength of chip and AI-related stocks. Companies involved in AI infrastructure, data centers, and semiconductor production led the market higher once again. 

Investors appear confident that demand for AI technology will continue growing, leading many to buy shares of companies expected to benefit from that trend. At the same time, investors are still monitoring inflation and interest rates, as both could affect future market performance. 

Energy prices and developments in the Middle East also remained important topics throughout the day. Despite those concerns, most investors seemed willing to focus on positive earnings expectations and strong demand for technology. The overall tone of the market was optimistic, with AI remaining the biggest driver of investor interest.

Peel Take: Wall Street’s current strategy remains refreshingly simple: buy AI, ask questions later. Every time concerns about inflation, oil prices, or interest rates try to steal the spotlight, another chip stock rally shows up, and everyone forgets what they were worried about.

What's Ripe

Visa (V) 1.7%

  • Investors remained confident in consumer spending trends, which support Visa's transaction growth. Visa’s business model is directly tied to the volume of global transactions. Recent earnings reports highlighted robust 17% year-over-year revenue growth.

  • The company is viewed as a stable large-cap stock with strong earnings and consistent cash flow, attracting buyers during market uncertainty. With a market capitalization in the $600 billion range, investors often view it as a reliable "toll booth" on global commerce and a defensive holding during times of market uncertainty.

  • Peel Take: Visa keeps proving why investors love boring businesses that print money. As long as consumers keep swiping cards, Visa gets paid without worrying about inventory, manufacturing, or whether AI is replacing humanity this week. It's basically Wall Street’s favorite toll booth.

JPMorgan Chase & Co (JPM) 0.5%

  • Financial stocks gained as investors remained confident in the strength of the U.S. economy. Higher interest rates can help large banks generate more revenue from lending activities.

  • Banking giants like JPMorgan Chase & Co often benefit from broader economic strength, which fuels lending demand and increases non-interest income from investment banking and market activities.

  • Peel Take: Higher interest rates may be a headache for some companies, but they’re still pretty good for big banks. With the economy holding up and lending activity staying healthy, JPMorgan continues to benefit from being the financial equivalent of “the house always wins.”

What's Rotten

Micron Technology Inc (MU) 1.4%

  • Micron pulled back after a sharp rally, as investors locked in gains from recent increases. Despite strong long-term AI demand, some traders sold shares following the stock's recent surge and analyst upgrades.

  • Prior to the pullback, the stock experienced a parabolic run, gaining over 200% year-to-date, reflecting enormous optimism about high-bandwidth memory (HBM) used in AI data centers.

  • Peel Take: After a 200%+ run, Micron finally discovered that stocks occasionally take a day off. The long-term AI story hasn’t changed, but when expectations get this high, some investors would rather lock in gains than wait around to see if reality can keep up with the hype.

NVIDIA Corp (NVDA) 0.2%

  • Nvidia shares fell as investors took profits after the stock's strong run and recent record highs. Some investors became more cautious ahead of upcoming earnings and economic data releases.

  • Stronger-than-expected U.S. jobs reports frequently spark concerns that the Federal Reserve will keep interest rates higher for longer. Higher borrowing costs can slow the massive spending on data centers and AI infrastructure that drives Nvidia's core sales.

  • Peel Take: Nvidia’s decline had less to do with bad news and more to do with investors catching their breath. After months of record highs and AI-fueled excitement, traders are starting to wonder whether higher interest rates could eventually slow the spending spree that made Nvidia the king of the market. Even royalty gets profit-taking days.

🧠 Technical Trip

Interview Q&A from Ares

👉 Want 1-on-1 recruiting help from Ares bankers & 2,000+ top mentors? Apply to WSO Academy

🦈 Deal Dispatch

M&A, IPOs, And Other Notable Transactions

Banana Brain Teaser

Previous

Seven pieces of rope have an average (arithmetic mean) length of 68 centimeters and a median length of 84 centimeters. If the length of the longest piece of rope is 14 centimeters more than 4 times the length of the shortest piece of rope, what is the maximum possible length, in centimeters, of the longest piece of rope?

Answer: 134

Today

A photography dealer ordered 60 Model X cameras to be sold for $250 each, representing a 20 percent markup over the dealer’s initial cost per camera. Of the cameras ordered, 6 were never sold and were returned to the manufacturer for a 50 percent refund of the dealer’s initial cost. What was the dealer’s approximate profit or loss as a percent of the dealer’s initial cost for the 60 cameras?

❝

Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.

Warren Buffet

How Would You Rate Today's Peel?


Happy Investing,
Chris, Ankit, Mitchell, Fernanda, Nick, & Patrick