Good Morning. This is the Investor Lookout with the daily digest.

Here’s what we got today:

• 📈 Love, Trust, and a 7% Pop: Inside Unity’s Rally

• 🏦 Citi & BofA Exit the Net-Zero Stage

• 🤖 ChatGPT Layouts For-Profit Structure

Love, Trust, and a 7% Pop: Inside Unity’s Rally

Ever seen Rick James lyrics push a stock? Unity ($U) soared 7% after a “Roaring Kitty” post referencing “Unity,” a song emphasizing love, trust, and harmony. Though no SEC filing shows Keith Gill has purchased shares, his cryptic social media hints have stirred share spikes before. The meme-stock influencer, who reemerged last year with moves affecting GameStop and Chewy, remains a focal point for retail traders. Meanwhile, Unity’s stock is still down about 40% over the past 12 months, despite Thursday’s bounce. Rick James once sang about the need for honesty, confidence, and some love, and it seems investors latched onto that message in the post.

• Gill’s username on Reddit is “DeepF—ingValue.”

• He sold Chewy after a Toy Story 2 post, per SEC filings.

Citi & BofA Exit the Net-Zero Stage

Citigroup and BofA have politely excused themselves from net-zero. Citigroup ($C) and Bank of America ($BAC) just joined Wells Fargo ($WFC) and Goldman Sachs ($GS) in exiting the Net-Zero Banking Alliance. They cite progress on individual climate goals while avoiding political friction. Historically linked to fossil fuel financing, these institutions had joined the alliance to cut emissions. Now, Citi says it’s confident in its own net-zero roadmap, and BofA insists it will still help clients manage emissions.

• Net-Zero Banking Alliance aims to slash financed emissions to zero by 2050.

• Last month, BlackRock, Vanguard, and State Street faced lawsuits from Republican-led states over alleged climate activism.

ChatGPT Layouts For-Profit Structure

In a plot twist ChatGPT might have scripted, OpenAI is shifting to a public benefit corporation to attract deeper pockets. Its nonprofit parent will keep significant shares, balancing public good with investors’ stakes. Critics point to debates over mission versus profit, but OpenAI insists it needs massive funding for advanced AI. The reorganization follows showdowns with former co-founder Elon Musk and skepticism from other tech giants. The move aims to increase competitiveness and adopt the same structure as its rivals.

• Previously secured $6.6B at a $157B valuation.

• Formed in 2015 as a nonprofit, pivoted in 2019.

#1

Posts by well-known influencers like Gill sometimes signal shifts in market psychology, which can help investors gauge short-term price fluctuations.

#2

Banks might focus on core banking operations without additional regulatory or activist scrutiny, which can sometimes stabilize earnings.

#3

By adopting a structure similar to other for-profit tech firms, OpenAI may accelerate product releases, form new partnerships, and grow its market share in AI—potentially benefiting investors in the broader AI ecosystem.

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