People are buying the wrong stock thinking it's part of OpenAI's Stargate Project [Yahoo! Finance]
Metagenomi, Inc. (MGX)
Company Research
Source: Yahoo! Finance
President Donald Trump was joined by leaders at Oracle, OpenAI, and SoftBank to announce the Stargate Project, a planned $500 billion venture to invest in artificial intelligence infrastructure. - Photo: Andrew Harnik (Getty Images) MGX stock is soaring Wednesday on the heels of the company's involvement with OpenAI and SoftBank's ( SFTBY ) new Stargate project. There's just one minor problem — it's the stock ticker for the wrong MGX. MGX represents shares of Metagenomi Inc., a biotechnology company focused on leveraging genome editing tools. Last week, the company said it is working on bringing its experimental treatment for hemophilia A to clinical trials in 2026. Investors were likely confused by a press release announcing that MGX would be among the initial equity funders in the Stargate Project, which seeks to invest $500 billion over the next four years in new artificial intelligence infrastructure for OpenAI. The MGX referenced there is a technology fund based in the Uni
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MGX
News
- Metagenomi (NASDAQ:MGX) had its "sell (e+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Metagenomi to Present Preclinical Data Supporting New Collaboration Target of APOC3 with Ionis Pharmaceuticals at Upcoming Nature Conference [Yahoo! Finance]Yahoo! Finance
- Metagenomi to Present Preclinical Data Supporting New Collaboration Target of APOC3 with Ionis Pharmaceuticals at Upcoming Nature ConferenceGlobeNewswire
- Metagenomi (NASDAQ:MGX) had its "sell (e+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Metagenomi to Present at Jefferies Global Healthcare Conference in LondonGlobeNewswire
MGX
Earnings
- 5/13/25 - Miss
MGX
Sec Filings
- 12/8/25 - Form 4
- 12/8/25 - Form 4
- 12/8/25 - Form 4
- MGX's page on the SEC website