OpenAI Revenue Warning Sparks Big Tech and Chip Selloff

Bullish Gator

OpenAI revenue concerns sparked a tech-led selloff: Nasdaq 100 down 1.4%, chip index -3.4%. Oil rose, Treasuries gained after a strong 30-year bond sale; market nerves on AI spending growth.

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Bloomberg’s market-close coverage flagged a fresh worry: a revenue warning at OpenAI, the company behind ChatGPT, reignited doubt about the artificial-intelligence spending boom and knocked tech indices lower. The Nasdaq 100 fell 1.4 percent while a chip-giant gauge slid 3.4 percent, showing how sentiment around one high-profile AI supplier can ripple through hardware suppliers and software names. The clip also noted safe-haven moves as Treasuries rallied after a strong 30-year bond sale and oil briefly spiked on geopolitical comments.