The Rundown Discord Confidentially Files for IPO, Elon Musk’s xAI Raises $20 Billion
Jan 7, 2026
In today's discussion, storage stocks skyrocket after NVIDIA's CEO highlights memory demand. Discord takes a big step by filing confidentially for a U.S. IPO, reflecting a budding tech IPO market. Meanwhile, Elon Musk's xAI secures a staggering $20 billion in funding, with major support from NVIDIA and Cisco. Mobileye makes headlines with a $900 million acquisition in humanoid robotics, while Deckers faces downgrades due to Hoka's sluggish growth. Lastly, ChatGPT experiences a 22% drop in web traffic as competition ramps up.
AI Snips
Chapters
Transcript
Episode notes
Storage Is The Next Big AI Hardware Market
- Jensen Huang warned AI demand will shift focus from GPUs to memory and storage, creating a largely unserved market opportunity.
- That comment helped send Sandisk, Western Digital, and Seagate sharply higher as investors priced in rising storage needs.
Discord's Filing Signals IPO Window Is Open
- Discord confidentially filed for a U.S. IPO while internally debating whether to go public.
- The filing signals a re-opened tech IPO window after 2025's rebound in tech listings.
xAI's Massive Raise Doubles Valuation
- xAI raised $20 billion, roughly doubling its valuation to about $230 billion with backing from NVIDIA, Cisco, and sovereign funds.
- The company is burning massive cash to build data centers and GPUs while expanding its Memphis campus toward multi-gigawatt scale.