Netflix, Inc.

Warner Bros. Discovery, Inc.

OpenAI is discussing raising more than $10 billion from Amazon and a possible move to Trainium chips, which means less dependence on Microsoft. Alphabet-owned startup Waymo is negotiating a $15 billion round, which would give it a valuation of $110 billion. These and other topics are covered in our review of key events for the morning of December 17.

Highlights for this morning: OpenAI mega-round, $15 billion for Waymo, Warner Bros. prefers Netflix

NVIDIA Corporation

Palantir Technologies Inc.

Cisco Systems, Inc.

Legendary investor Michael Burry, who predicted the 2008 mortgage crisis and was the hero of the book and movie "The Downgrade," <a href="https://oninvest.com/article/rynok-zdet-neskol-ko-trudnyh-let-glavnoe-iz-interv-u-b-urri-avtoru-the-big-short">says</a> there is a bubble in the market that is "eerily" reminiscent of the dot-com bubble. In his recent posts on social networks X and SubStack, he predicts that the current leaders of the AI race will repeat the fate of the investor favorites of the 1990s, whose fame faded after the collapse of the bubble. Oninvest looked at three of his key analogies to see what lessons Burry believes history has in store for today's investors.

Lessons from history: will Nvidia, Palantir and OpenAI repeat the fate of the stars of the dot-com bubble?

Oracle Corporation

Cloud services provider Oracle denied a <a href="https://oninvest.com/article/oracle-otlozila-sdacu-casti-data-centrov-dla-openai-na-2028-god-akcii-upali-na-6">report </a>that it will complete data centers for OpenAI - one of its key customers - in 2028, rather than 2027 as previously planned.

Oracle denied the report about the disruption of the commissioning of OpenAI data centers

Cloud capacity provider and software developer Oracle has pushed back the completion date for part of the data centers it is building for OpenAI (creator of ChatGPT) from 2027 to 2028, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-12-12/some-oracle-data-centers-for-openai-delayed-to-2028-from-2027?srnd=homepage-europe">reported</a>, citing sources.

Oracle has postponed delivery of a portion of its data centers for OpenAI until 2028. Shares fell 6%

Oracle shares have fallen by almost 40% since September, and the company's capitalization has shrunk by more than $360 billion: the market still lacks confidence in the sustainability of the business against the backdrop of dependence on OpenAI. The fall accelerated after the report for the second quarter of the fiscal year, which did not dispel investors' concerns and only caused a new wave of revisions of forecasts by Wall Street analysts.

Oracle shares are down 40% after a September rally. What does Wall Street advise doing?

Alphabet Inc.

OpenAI <a href="https://openai.com/index/gpt-5-2-for-science-and-math/">has unveiled </a>its most advanced artificial intelligence model, GPT-5.2, and it outperforms its predecessors in creating spreadsheets, preparing presentations, analyzing images, writing code and understanding long context, the company said. GPT-5.2 is available starting Dec. 11 for paid users of the ChatGPT chatbot and through a programmatic interface (API). With it, OpenAI hopes to attract more enterprise customers and increase revenue, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-12-11/openai-unveils-more-advanced-model-as-race-with-google-heats-up?srnd=homepage-europe&amp;sref=Y0jVLcFo">reports </a>.

OpenAI introduced a powerful new AI model. It was prepared in "code red" mode

The Walt Disney Company

Disney shares were up nearly 2 percent after the open of trading

Disney will invest $1 billion in OpenAI and give the rights to characters for its AI service

Microsoft Corporation

Investors will have to accept a difficult dilemma: there is no safe way to capitalize on the revolution. There is no way to predict the moment of collapse, and many will lose money, warns investment guru Howard Marks  

The Optimism Trap: Howard Marks on where the market is misguided about the bubble

Artificial intelligence is no longer a game for startups. In early December, it was <a href="https://www.ft.com/content/3254fa30-5bdb-4c30-8560-7cd7ebbefc5f">reported</a> that Anthropic, which created the Claude AI, had started preparing for an IPO. This is the third signal of this kind - in November, the leader of the AI race <a href="https://oninvest.com/article/prosto-normal-naa-kompania-na-1-trln-kak-openai-prokladyvaet-dorogu-na-birzu">OpenAI</a> and the startup <a href="https://oninvest.com/article/ne-na-blago-vsego-celovecestva-kakoj-ii-sozdaet-cohere-konkurent-openai">Cohere</a> indicated their intention to become public companies. It looks like the AI market is gradually maturing into a public offering, which will give retail investors a chance to directly participate in the AI boom, or bubble, which has been simmering for three years. To be prepared, let's take a closer look at Anthropic - this company is making much less media noise than OpenAI, but is steadily gaining momentum, remaining one of the favorites in the AI race.

Money loves silence: How Claude beat ChatGPT in the corporate segment

Meta Platforms, Inc.

Apple Inc.

Michael Burry continues to criticize Big Tech, now for hidden costs and diluting shareholder capital. Samsung has shown technology leadership by releasing an experimental TriFold before the debut of the foldable iPhone, and OpenAI has introduced a "code red" mode to urgently improve ChatGPT. Meta, meanwhile, is preparing for major layoffs. The main events from December 1 to December 5 are in our review.

Highlights of the week: Burry vs. Big Tech, OpenAI improves ChatGPT, cuts at Meta

Tesla, Inc.

OpenAI CEO Sam Altman was considering an acquisition or partnership with rocket company Stoke Space to create a competitor to Elon Musk's SpaceX, the Wall Street Journal (WSJ) <a href="https://www.wsj.com/tech/ai/sam-altman-has-explored-deal-to-build-competitor-to-elon-musks-spacex-01574ff7?mod=hp_lead_pos9">reported</a>, citing sources close to OpenAI. In the renewed company, Altman, according to them, hoped to get a controlling stake through a multibillion-dollar equity investment.

WSJ: The head of OpenAI wanted to create a SpaceX competitor. Why did he refuse?

Salesforce, Inc.

Meta has poached Apple's chief interface designer Alan Dye. Brevo has become the new unicorn in Europe, securing €500 million in funding to challenge Salesforce and HubSpot. These and other topics are in our review of key events for the morning of December 3.

Open AI