Tech Voices: OpenAI warns on stock tokens, CoreWeave-Nvidia, Apple

Seeking Alpha’s daily roundup of statements and remarks that could impact the technology sector.

• OpenAI and Elon Musk are advising investors that Robinhood’s (NASDAQ:HOOD) OpenAI tokens are not actual equity stakes in the privately held company.

“These ‘OpenAI tokens’ are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it. Any transfer of OpenAI equity requires our approval—we did not approve any transfer. Please be careful,” OpenAI said in a post on X.

“Your ‘equity’ is fake,” Musk added, in his own post on X. Musk, who currently serves as CEO of Tesla (TLSA), SpaceX (SPACE) and xAI, is a co-founder of OpenAI.

Robinhood (NASDAQ:HOOD) announced earlier this week that it would be offering tokens for over 200 U.S. stocks and ETFs.

• Nvidia-backed (NASDAQ:NVDA) CoreWeave (NASDAQ:CRWV) said it is the first AI cloud provider to deploy Nvidia GB300 NVL72 AI server systems.

“CoreWeave is constantly working to push the boundaries of AI development further, deploying the bleeding-edge cloud capabilities required to train the next generation of AI models,” said CoreWeave Co-Founder and CTO Peter Salanki, in a statement. “We’re proud to be the first to stand up this transformative platform and help innovators prepare for the next exciting wave of AI.”

CoreWeave said it collaborated with Dell (NYSE:DELL), Switch, and Vertiv (NYSE:VRT) to build the initial deployment of the NVIDIA GB300 NVL72 systems. CoreWeave (NASDAQ:CRWV) held its initial public offering in March.

• Apple (NASDAQ:AAPL) iPhone sales in China increased for the first time in two years last quarter, according to CNBC, which cited Counterpoint Research.

“Apple’s adjustment of iPhone prices in May was well-timed and well received, coming a week ahead of the 618 shopping festival,” said Counterpoint Research Associate Director Ethan Qi, in a statement.