Discord Confidentially Files for IPO, Elon Musk’s xAI Raises $20 Billion
The Rundown7 Jan

Discord Confidentially Files for IPO, Elon Musk’s xAI Raises $20 Billion

Market update for January 7, 2026

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In today’s episode:

  • storage stocks surge after Nvidia’s Jensen Huang highlights memory demand
  • Discord confidentially files for a U.S. IPO as the tech IPO market heats up
  • Elon Musk’s xAI raises a massive $20B with backing from Nvidia and Cisco
  • Mobileye jumps on its $900M humanoid robotics acquisition
  • Deckers slides after analysts downgrade Hoka’s growth outlook
  • Web traffic data shows ChatGPT losing ground to Google’s Gemini

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