View: The unwinding of the AI trade will have bigger consequences than we think
AI-generated summary OpenAI set out to raise $30 billion and appears likely to fall far short while lenders treat investment-grade giant SpaceX like a flier bet on a junk-rated startup. Glassmaker Corning gave up almost all of its gains after a $6 billion deal to outfit Meta data centers, and companies like Modine, Sherwin-Williams, and Carrier pivoted to artificial intelligence.