OpenAI, Anthropic Hype? Fundrise Growth Tech Fund (VCX) Stock Is Up 89% in 5 Days

Shares in the Fundrise Growth Tech Fund (VCX), which collapsed in late March following a short-seller attack, have jumped roughly 89% over the last five days alone. The rally appears to come from attention-grabbing headlines this week on leading AI startups OpenAI and Anthropic, which are among the fund's top holdings.Claim 55% Off TipRanksForget margin or options. Here's how the pros trade NVDA Are OpenAI and Anthropic Gearing Up for IPOs? The fund also holds a significant stake in Elon Musk's SpaceX aerospace firm. All three companies are expected to make their blockbuster initial public offerings (IPOs) this year, with investors piling into VCX as a way to gain pre-IPO exposure. Ahead of their market debut, these companies have continued to double down on their AI advantage. For instance, this week, Anthropic signed a major deal to deploy SpaceX's Colossus 1 AI supercomputer to meet the training and scaling needs of its advanced Claude AI models. As part of the tie-up, Anthropic is also looking to team up with the aerospace company — which wants to build data centers in space — to develop multiple gigawatts of AI computing power in orbit. AI Startups Make Key Moves In recent days, both OpenAI and Anthropic have also stepped into the joint venture space with the goal of boosting enterprise adoption of their AI tools. While the former raised over $4 billion for the venture — which is believed to be worth more than $10 billion before the new cash is factored in — the latter is said to be close to working out $1.5 billion in capital for its venture. Meanwhile, Nvidia's (NVDA) rival chipmaker Cerebras Systems — which counts several OpenAI execs and board members as part of its angel investors — on Monday kicked off its IPO roadshow. OpenAI's ties to the company also include a $1 billion loan from December that could make it one of the chipmaker's largest shareholders. Cerebras' IPO target, if met, would mark the biggest IPO this year and could pave the way for even bigger ones. Is VCX a Good Investment? TipRanks' overall consensus technical indicators suggest that Fundrise Growth Tech Fund's shares are a Strong Buy. This is based on one Netural and four Bullish signals logged over the past month.