Mega IPOs on the Horizon
According to Semafor, “2026 set to be a bumper year for M&A, IPOs”, three major U.S. private tech firms — SpaceX, OpenAI and Anthropic — are preparing public offerings, spotlighting *IPO* scale and renewed investor appetite. ([semafor.com](https://www.semafor.com/article/01/02/2026/2026-set-to-be-a-bumper-year-for-ma-ipos)) [Semafor](https://www.semafor.com/article/01/02/2026/2026-set-to-be-a-bumper-year-for-ma-ipos)
Asia’s AI IPO Wave
According to Reuters, “China AI chipmaker Biren soars in Hong Kong debut as IPO wave builds”, Shanghai Biren rallied on its market debut while Baidu’s Kunlunxin filed for a Hong Kong IPO, underscoring surging *AI* hardware demand and regional listing momentum. ([archive.vn](https://archive.vn/2026.01.02-033710/https%3A/www.reuters.com/world/asia-pacific/china-ai-chipmaker-biren-surges-82-hong-kong-debut-kicking-off-2026-listings-2026-01-02/?utm_source=openai)) [Reuters](https://www.reuters.com/world/asia-pacific/china-ai-chipmaker-biren-surges-82-hong-kong-debut-kicking-off-2026-listings-2026-01-02/)
Chip Supply Crunch Looms
According to Reuters, “Exclusive-Nvidia sounds out TSMC on new H200 chip order as China demand jumps, sources say”, Nvidia has asked TSMC to ramp H200 output after Chinese firms ordered 2m+ units, fueling concerns about *supply* tightness for AI GPUs. ([archive.ph](https://archive.ph/2026.01.02-044918/https%3A/www.reuters.com/world/china/nvidia-sounds-out-tsmc-new-h200-chip-order-china-demand-jumps-sources-say-2025-12-31/?link_source=ta_first_comment&taid=695612174d046500019aa66a&utm_source=openai)) [Reuters](https://www.reuters.com/world/china/nvidia-sounds-out-tsmc-new-h200-chip-order-china-demand-jumps-sources-say-2025-12-31/)
Volatility — According to AP, “Early gains mostly fade as Wall Street wobbles into 2026” as tech-led strength softened and U.S. benchmarks traded mixed on Jan. 2, reflecting investor caution heading into the first full week of the year. ([apnews.com](https://apnews.com/article/491d6d4e0f3e4b3f8c0e48ae2b1455b3?utm_source=openai)) [AP News](https://apnews.com/article/491d6d4e0f3e4b3f8c0e48ae2b1455b3)
Markets — According to Reuters, “S&P 500, Nasdaq dip to start 2026 after last year’s robust gains” as declines in communication and consumer discretionary names offset gains in chips and industrials, leaving a cautious tone for the new year. ([reuters.com](https://www.reuters.com/business/us-stock-futures-make-positive-start-2026-risk-appetite-returns-after-recent-2026-01-02/?utm_source=openai)) [Reuters](https://www.reuters.com/business/us-stock-futures-make-positive-start-2026-risk-appetite-returns-after-recent-2026-01-02/)
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