By Rising Star Stocks 
June 20, 2026
Why U.S. Bank CEOs Are Panicking Right Now
Featured: OpenAI Filed Its S-1. The Math Nobody Is Running Is the Scary Part.
Editor’s Note: Please read the following note from 60-year Wall Street veteran Marc Chaikin, who explains what Fed Chair Powell’s recent emergency meeting – called in response to a major AI lab breakthrough – could mean for your wealth.
Dear Reader,
Something unprecedented just happened in Washington D.C…
And the ripple effects could hit your money in a major way.
Treasury Secretary Scott Bessent and Fed Chair Jerome Powell recently summoned the CEOs of America’s biggest banks to an emergency meeting.
Why?
That’s why the U.S. government is rushing to deploy this technology across every major federal agency…
And why every major bank on the planet is now racing to get their hands on it.
JPMorgan is already in. So is Bank of America.
Goldman Sachs is even setting it to work on their most complex, back-office operations.
In other words, the U.S. government and the most powerful financial institutions in the world are begging one private AI lab for access to their technology.
And right now, there’s still a little-known way to claim a backdoor stake in this private firm for less than $40 – before what could be the biggest IPO of the year.
But please don’t delay. This profit window closes on October 6.
Regards,
Marc Chaikin
Founder, Chaikin Analytics
P.S. My award-winning system turned BULLISH on every member of the Magnificent Seven before they soared spectacularly…
Like Tesla in 2017 before it soared as much as 2,915%…
And Nvidia in 2014 before it soared as much as 55,000%.
Now it’s flashing BULLISH on a little-known “pre-IPO backdoor” into the most sought-after private AI firm in the world.
Best part of all? It trades for less than $40 a share.
Click here to see why I recommend swinging into action before October 6.
FEATURED
OpenAI Filed Its S-1. The Math Nobody Is Running Is the Scary Part.
On June 8, 2026, OpenAI confirmed it had filed a confidential S-1 with the SEC. Goldman Sachs, Morgan Stanley, and JPMorgan are running the deal. The company is targeting a public listing as early as September 2026, with a valuation above $1 trillion, though OpenAI itself has noted timing is far from locked in.
The headline grabbed everyone. The details are where it gets complicated.
Pop Quiz: What’s the 3rd Greatest Investment Since 2000?
Everyone knows NVIDIA is #1.
Some are shocked to learn Monster Energy is #2.
But #3? Nobody’s ever heard of it.
Even though it’s averaged 29% returns every year since 2000… enough to turn $1,000 into $556,454.
It doesn’t trade like a tech stock. And it was started as a private “trust fund” for the financial elite.
Click here to discover why it’s so insanely profitable… and how anyone can access “The 29% Account.”
Here is the number that keeps getting buried: OpenAI lost approximately $1.22 for every dollar it earned in Q1 2026. The company is running at roughly $25 billion in annualized revenue as of early 2026, against a projected $14 billion in operating losses for the full year on a non-GAAP basis. One independent analysis puts GAAP losses for 2026 closer to $25 to 26 billion, roughly 80% above the widely circulated figure. Profitability, per OpenAI’s own guidance, is not expected until around 2030.
The valuation math is this: a company that may lose $25 billion this year is being priced at $852 billion, or roughly 34 to 40 times forward revenue. That assumes flawless execution for years in a market where competition is accelerating every quarter.
Slight tangent, but it matters. According to the most recent SimilarWeb data through March 2026, ChatGPT’s share of generative AI web traffic has dropped from about 77% a year ago to roughly 57% today. Gemini has climbed from around 6% to over 25% over the same period. That is not a crisis for OpenAI. But it is not a monopoly story either, and it is the kind of trend that institutional investors will ask hard questions about during the roadshow.
What’s interesting is the Anthropic situation. Anthropic filed its own confidential S-1 on June 1, one week before OpenAI, at a $965 billion valuation. It is targeting an October listing. Anthropic’s annualized revenue has grown roughly tenfold in a year, and it surpassed OpenAI in enterprise AI spending share for the first time in April 2026. Investors will get to see both sets of audited financials within months of each other. That direct comparison has never happened before at this scale, and it will either validate private AI valuations or complicate them significantly.
The governance structure adds another layer. OpenAI converted from a nonprofit to a public benefit corporation earlier this year, with the nonprofit foundation retaining a meaningful equity stake. That structure is something public market investors rarely have to price. The SEC will scrutinize it. Institutional investors will have opinions about it that will not all be favorable.
On the infrastructure side, OpenAI has already committed to substantial long-term compute spending. The company has signed deals including $38 billion with Amazon Web Services over seven years and $300 billion with Oracle over five years starting in 2027. The IPO, if it happens, does not solve the funding gap. It may just open a new, more public chapter of it.
The part people skip: this will be the first time OpenAI’s actual revenue, margins, and cost structure are disclosed publicly. Every private AI company that has raised money at elevated valuations over the past two years will effectively be stress-tested the moment that S-1 goes live. The ripple effects across venture capital, private credit, and public market AI multiples could be wider than most investors are currently modeling.
They’re calling it the ‘Freedom-Dividend’
Tech titans like Elon Musk, Sam Altman, and Mark Zuckerberg are calling for Universal Basic Income as AI threatens to eliminate millions of jobs.
But there’s a critical question few are asking: Who will pay for it?
Instead of relying on taxpayer funding, Mode Mobile is using attention as currency, already paying out $1B to their users. Deloitte crowned them North America’s fastest-growing software company in 2023 after their revenue soared 32,481%.
And investors have a window to get in early before this becomes the template for post-AI income redistribution.
They’ve secured their Nasdaq ticker $MODE, and their $0.50/share pre-IPO offering may not be open much longer.
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Who benefits if this works: Microsoft, which receives 20% of OpenAI’s revenue under their agreement through 2030 (now capped at a $38 billion total), Amazon and Nvidia, which backed the March 2026 round alongside SoftBank, and retail investors getting first-ever direct access to OpenAI equity.
Who loses if it doesn’t: Anyone who bought at $852 billion expecting a profitable business on a near-term horizon. The broader private AI market, which gets re-rated the moment audited financials hit public markets.
The highest-probability outcome is not a blowup. It is something more subtle: a listing that prices at a premium, trades well for a quarter, and then forces a slow reckoning with the gap between the mission and the income statement. The question is not whether OpenAI is an important company. It almost certainly is. The question is whether $852 billion is the right price to pay for the privilege of finding out.