OpenAI $20 billion revenue shortfall drags on Nasdaq as S&P 500 slips 0.5%
AI Market Summary
U.S. equities were mixed with clear tech weakness as a reported OpenAI annualized revenue gap raised concerns about AI demand and infrastructure spend-through, pressuring major AI-linked semiconductors. While Treasury yields eased modestly, they remain elevated and a 30-year yield spike underscored tight financial conditions. Oil jumped on Iran-related geopolitical headlines, adding an inflation-risk impulse that can further weigh on duration-sensitive growth stocks.
Impact level
● High
Affected assets
NCSKNVDA2USD/USDT-2.11%
AI Insight · NCSKNVDA2USD/USDTAI Insight
▼ Bearish
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U.S. stocks finished mixed Thursday, with the S&P 500 down 0.5% at 7,765 and the Nasdaq Composite falling 1.3% to 27,193 as tech shares slid on concerns tied to an OpenAI revenue gap. The Dow Jones Industrial Average edged up 0.1% to 51,231. Treasury yields moved lower, with the 2-year at 4.753%, the 10-year at 5.227% and the 30-year ending at 5.602% after touching a 24-year intraday high. WTI crude rose 3.6% to $91.49 a barrel amid media reports about potential U.S. military operations against Iran.
