News broke that OpenAI is close to filing paperwork for an IPO.
While most retail traders won’t be able to participate directly, Scott Bauer told Fox Business exactly what he would consider trading instead.
His pick? Oracle (ORCL).
Scott explains why he believes ORCL could be the strongest proxy play and how the stock could move off a potential OpenAI IPO.
The analysis, insights, and strategies shared by Prosper Trading Academy’s coaches in Prosper Insider are strictly for educational and informational purposes only. All content reflects the personal opinions of the coaches and should not be construed as specific investment advice or recommendations. Any examples discussed are illustrative in nature and do not represent actual live trade signals or instructions to buy or sell securities. Trading involves risk, and individuals should carefully evaluate their own financial situation before making investment decisions.
Scott covers:
- The $300 billion contract that hasn’t hit the books yet
- Why he likes ORCL at current levels
- How to think about proxy stocks when a major IPO is on the horizon
- Why heightened volatility could make IPOs a dangerous trade
- What the OpenAI IPO filing could mean for stocks tied to it
