Oct 8, 2026 · 11 min · 8 segments
The Nasdaq Composite slid on Thursday as new details about OpenAI spooked investors, putting the artificial intelligence trade under pressure. The tech-heavy Nasdaq was down 1.25% to close at…
Henry JenningsHost
There was reports in one media outlet that OpenAI revenue is facing a little bit of a setback.
Steno Larson, whoever he may be, but he was explaining why the annualised revenue is approaching 50 billion at the end of September rather than the 70 billion figure that was widely reported last month.
This comes down to accounting methodology, not a $20 billion hole in AI's business, he says.
up 2.2%, but the SOX semi-index, that was where the damage was done last night, 3.4% down.
I read somewhere that the Korean market is now 27% off its high on the back of that semiconductor boom, 27% down 1%.
We also had a little bit of volatility last night in the oil price with Donald Trump stirring things up.
And two years down 1.4 basis points to 4.758. Aussie 10s were down 4.4 basis points to 5.36.
There was reports in one media outlet that OpenAI revenue is facing a little bit of a setback.
Steno Larson, whoever he may be, but he was explaining why the annualised revenue is approaching 50 billion at the end of September rather than the 70 billion figure that was widely reported last month.
This comes down to accounting methodology, not a $20 billion hole in AI's business, he says.
up 2.2%, but the SOX semi-index, that was where the damage was done last night, 3.4% down.
I read somewhere that the Korean market is now 27% off its high on the back of that semiconductor boom, 27% down 1%.
We also had a little bit of volatility last night in the oil price with Donald Trump stirring things up.
And two years down 1.4 basis points to 4.758. Aussie 10s were down 4.4 basis points to 5.36.
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