Weird split today. 🔴 Nasdaq: down 1.25% 🔴 S&P 500: down 0.47% 🟢 Dow: up 0.10% The FT reported OpenAI's annualized revenue is around $50 billion. The number people had been working off was closer to $70 billion. A lot of the AI buildout is priced around that one customer, so the chip and cloud names got marked down fast. $NVDA lost about 3%. The smaller names took it way harder: $ALAB fell more than 9% and $NBIS more than 7%. I own both, so yeah, felt this one 😅 Worth noticing how much of this trade hangs on one private company's numbers. Not financial advice, just my read.
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Nate
@hoodnate · 14d
That split is wild, Nasdaq down while the Dow barely budged. The OpenAI revenue number being the trigger makes me realize how much of AI is riding on vibes right now.
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