Topic
OpenAI Research
Finvaulta tracks 193 research reports on OpenAI, updated through September 14, 2026. Latest: “Highlights from GS Comm+Tech Conversations”.
Institutional research surrounding the AI theme shows high conviction among major asset managers despite rising geopolitical volatility and stagflation risks in the 2026 outlook. UBS Asset Management maintains a focus on AI-driven themes even as broader market uncertainty prompts a shift toward defensive relative value strategies. This persistent interest is reflected in the tech sector's performance, with software delivering its strongest results since 2002 and the Philadelphia Semiconductor Index gaining over 80% year-to-date. Investors are currently rotating within the AI ecosystem, moving from stalled leaders like NVDA and GOOGL toward infrastructure OEMs including DELL and HPE. While analysts express concern over AI-related market concentration and narrowness, institutional activity remains bullish, with hedge funds emerging as strong net buyers as SPX skew hits an 18-month low. Ultimately, the research suggests that while the software and hardware rally faces questions of durability heading into a catalyst-heavy June, the fundamental shift toward a global tech economy continues to underpin market sentiment.
Featured reports
The Expanding Role of Custom AI Silicon
New disclosures from OpenAI (Jalapeño), Google (TPU v8), Meta (MTIA 400), and Microsoft (Maia 200) highlight the rapid transition of custom AI ASICs from roadmap to production deployment. Rather than displacing merchant GPUs, custom silicon will create a heterogeneous compute environment where ASICs handle stable inference while GPUs retain their dominance in frontier training.
US Conviction List - Directors' Cut: September 2026 Update
Goldman Sachs' September 2026 US Conviction List - Directors' Cut adds Vertex Pharmaceuticals (VRTX) and removes Interactive Brokers Group (IBKR), maintaining 23 Buy-rated stocks with a median 12-month upside of 27%. The broader market remains driven by solid 2Q earnings delivery, with the S&P 500 trading at 20X forward P/E.
US Equity Strategy
J.P. Morgan has raised its 2026 S&P 500 price target to 8,000 following an upward revision to EPS estimates, driven by a strong earnings season and accelerating AI monetization by hyperscalers.
Playing the AI Infrastructure Dip
Morgan Stanley identifies the recent AI infrastructure stock pullback as a technical market event rather than a fundamental flaw. They remain bullish, recommending investment in compute bottlenecks, Chinese AI leaders, and power infrastructure.
GS TMT Spec Sales
This report highlights a market-wide technical drawdown in AI/momentum stocks and updates on major model launches including GPT-5.6 and Grok 4.5. It also flags increasing US telco satellite competition and provides previews for upcoming tech earnings.
Transformational Innovation Opportunities: Artificial Intelligence
UBS maintains a constructive stance on the AI theme for 2H26, citing ~10% potential upside, but advises caution regarding long-term capex sustainability and potential mid-cycle digestion risks in 2028.
AI in the Family Office
Family offices are at a turning point, leveraging AI to achieve operational leanness and institutional rigor while maintaining strict data privacy.
Trust in AI
The report highlights trust as the critical emerging factor for AI investors, shifting focus from capital expenditure to regulatory compliance, community acceptance, and ethical governance.
Highlights from GS Comm+Tech Conversations
Beyond the 2026 Boom: Momentum Persists, Pace Moderates
US Market Intelligence Morning Briefing
All reports
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AI at 70 (Part 2): 14 More Lessons from a Lifetime of Boom and Bust
Deutsche Bank · Sep 10, 2026
Nebius Group: Communacopia + Technology 2026 — Key Takeaways
Goldman Sachs · Sep 9, 2026
Reading 3,000 Earnings Calls: No Recession, but Capacity Constraints
Syz Private Banking · Sep 7, 2026
Private Markets Extended: Building Resilience in a Changing World
UBS · Sep 7, 2026
The Problem with This Earnings Season Is That Companies Have Too Much Demand
Syz Private Banking · Sep 2, 2026
The Great Rebalancing: The Connectivity Chokepoint
Deutsche Bank · Sep 2, 2026
The Atomic Steppe
Morgan Stanley Investment Management · Sep 1, 2026
The Expanding Role of Custom AI Silicon
UBS · Sep 1, 2026
Global Market Intelligence: August 2026 Recap
J.P. Morgan · Sep 1, 2026
US Conviction List - Directors' Cut: September 2026 Update
Goldman Sachs · Sep 1, 2026
Highlights from the Tech Conference
Deutsche Bank · Aug 31, 2026
Let Them Eat Cake (and AI's Price Is Right Moment)
Canaccord Genuity · Aug 28, 2026
SentinelOne: Cleaner Results as Platform Strength Broadens and Margins Improve
Goldman Sachs · Aug 28, 2026
Intelligence Weekly: NVIDIA - Strong FY28 Revenue Guidance Offsets Gross Margin Headwinds
UBS · Aug 27, 2026
Okta: Signs That Agent Identity Can Accelerate Growth
Goldman Sachs · Aug 27, 2026
Data Centers Are Hungry for Power, Green Steel Projects Backtrack, and Tailoring New Power Systems for Data Centers
BTIG · Aug 26, 2026
Booked, But Not Built Yet
Fred Alger Management, LLC · Aug 24, 2026
Datacenters Keep Lights On as Nuke Replace Upside Muted: Plan Intact on Review
Jefferies · Aug 24, 2026
US Market Intelligence Afternoon Briefing
J.P. Morgan · Aug 17, 2026
Summer of AI Financing
Morgan Stanley · Aug 16, 2026
JEF Macro Weekly: Fiscal Dynamics Deteriorating, Remains Underappreciated
Jefferies · Aug 15, 2026
Q2 2026 13F Recap
JonesTrading · Aug 14, 2026
Cross-Asset Weekly: The End of the Summer Lull
Bank J. Safra Sarasin · Aug 14, 2026
IR Kick Start: Europe Edges Higher, US CPI, Q2 Earnings - What Have We Learnt from the US Earnings
Goldman Sachs · Aug 14, 2026
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