Eightco Holdings Inc (NASDAQ:ORBS) shares are trading higher on Wednesday. The stock is gaining momentum alongside a broader market uptick. The Nasdaq has gained 0.71% while the S&P 500 is up 0.51%.
• Eightco Holdings stock is showing exceptional strength. Why are ORBS shares rallying?
Deepening Ties With OpenAI
The rally follows Friday’s news that Eightco invested an additional $40 million into OpenAI. This brings the company’s total commitment to $90 million. OpenAI now represents approximately 30% of the ORBS total treasury position.
“Access to high-growth private companies has historically been limited to institutional investors,” said Kevin O’Donnell, CEO of Eightco. He noted the company offers retail investors meaningful exposure to the AI …
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