Latest / Investopedia Markets News (all except PF)
Worries About OpenAI’s Revenue Rattle the AI Trade
A report about ChatGPT maker OpenAI’s revenue is sinking tech stocks Thursday.Credit: Imen Ben Youssef / Hans Lucas / AFP via Getty ImagesKey TakeawaysAI-related stocks sank Thursday in the wake of a Financial Times report that OpenAI’s annualized revenue might be lower than previously anticipated.The discrepancy arose from investors’ efforts to arrive at a number more directly comparable to Anthropic’s figures, the FT reported. Fears that OpenAI’s revenue might be lower than expected are weighing on the AI trade.Nvidia (NVDA), Oracle (ORCL), Arm (ARM), CoreWeave (CRWV), and other AI-related…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.