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AI-related stocks fall following OpenAI revenue report

CNBC ·

NVDA NVIDIA Corp
$230.48 -2.94%
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  1. 1OpenAI told investors it recorded an annualized revenue of $50 billion at the end of September.
  2. 2The Nasdaq Composite fell by more than 1% on Thursday.
  3. 3Firmus withdrew its planned mega IPO, citing market volatility and conditions.

So what's the key point?

OpenAI announced it achieved $50 billion in annualized revenue. Following this news, AI-related stocks declined and Firmus canceled its plans to go public.

Source CNBC · View original ↗

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