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Micron shares fell 0.6% Friday and remain range-bound as investors weigh the AI trade. UBS analyst Timothy Arcuri said major buybacks could begin Dec. 9 under the company’s 2024 U.S. Chips Act funding conditions.
OpenAI’s annualized revenue reportedly fell short of expectations — but analysts say that reflects differences in how the figure is reported, not weakness in AI demand.
US stock indices closed lower on Thursday after the Financial Times reported that OpenAI's revenue was sharply below figures previously published by other outlets. The S&P 500 fell 0.5% and the Nasdaq slipped 1.4%, while the Dow closed 52 points higher. The report cited documents indicating annualized revenue of $50 bi
Dow E-minis were up 0.1%, S&P 500 E-minis 0.11% and Nasdaq 100 E-minis 0.24% at 7:20 a.m. ET. Brent crude hovered near $105 and the 10-year Treasury yield stayed near its highest level since 2007.
Dow E-minis were down 0.07%, S&P 500 E-minis down 0.04% and Nasdaq 100 E-minis up 0.06% at 5:06 a.m. ET. The report also noted gains in chip stocks, higher oil prices, a near-2007 10-year Treasury yield and upcoming US data and Fed remarks.