GameStop Shares Plummet Amid New Stock Issuance, Reddit Soars on OpenAI Deal

GameStop plans to sell 45 million new shares, while Reddit partners with OpenAI for AI content training.

GameStop's stock dropped significantly after announcing plans to issue up to 45 million new shares.
The company reported preliminary first-quarter results showing a decline in net sales and a larger-than-expected net loss.
Reddit's stock surged following the announcement of a partnership with OpenAI to provide content for AI model training.
The Dow Jones Industrial Average briefly crossed 40,000 points before retreating, while the S&P 500 and Nasdaq Composite remained flat.
Copper futures neared record highs due to concerns over the supply needed for the green energy transition.