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Nasdaq falls on lowered OpenAI revenue outlook, oil prices drop following Trump remarks

AFP ·

NVDA NVIDIA Corp
$230.48 -2.94%
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  1. 1Reports indicate OpenAI's projected annual revenue of $50 billion for this year is lower than its previously announced $70 billion.
  2. 2The Nasdaq Composite fell more than 1% on Friday, while Nvidia dropped approximately 3%.
  3. 3Oil prices fell as both major contracts recorded declines of about 0.7% on Friday after Donald Trump ruled out the possibility of an attack on Iran.

So what's the key point?

Reports show that OpenAI's projected annual revenue of $50 billion for this year is lower than the $70 billion previously announced by the company.

Source AFP · View original ↗

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