OpenAI Revenue $20B Below Previous Reports, ORCL, NVDA Tumble
New figures put OpenAI’s annualized revenue near $50 billion, about $20 billion below earlier reports, as AI stocks fell.
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Micron Analyst Sees Stock Nearly Tripling to $3,000, Warns Short Sellers: 'You Have an Expiry'
D.A. Davidson’s Gil Luria sees Micron reaching $3,000 as buybacks and AI-driven memory demand threaten short sellers.
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Shares of semiconductor and chip-related companies are trading lower after reports suggesting that OpenAI's annualized revenue is approximately $20 billion less than previously indicated, which may weaken demand and pricing sentiment in sectors exposed to compute buildout.
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Shares of memory- and storage-related chip companies are trading after reports suggesting that OpenAI's annualized revenue is approximately $20 billion less than previously indicated, which could weigh on demand sentiment in the AI-exposed hardware sector.