Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

US-Börsen: Wall Street schließt im Minus – Starke Verluste bei KI-Werten wegen OpenAI-Umsatz

Ein Bericht über niedrigere Umsätze bei OpenAI belastet die US-Börsen. Gleichzeitig bremst die starke Nachfrage den Anstieg der US-Anleiherenditen.

Original German Read in English

US-Börsen: Wall Street schließt im Minus – Starke Verluste bei KI-Werten wegen OpenAI-Umsatz

The technology-focused Nasdaq stock exchange suffered significant losses on Thursday due to weak performance of artificial intelligence (AI) stocks. The setback was triggered by a media report about the revenue figures of OpenAI, the creator of ChatGPT, which fueled concerns over the sustainability of AI spending. On Wall Street, the standard values showed only a slight decline.

Earlier, U.S. President Donald Trump dismissed reports of a possible resumption of military operations against Iran, stating, "We will never attack Iran before the midterms, which are scheduled for November 3 in the United States." The Dow Jones Industrial Average remained largely unchanged at 51,231 points. The broader S&P 500 fell by 0.5 percent to 7,765 points.

The Nasdaq saw a 1.3 percent decrease, reaching 27,193 points. The Nasdaq 100, representing the 100 largest non-financial companies by market capitalization, decreased by 1.4 percent, settling at 30,726 points. According to the Financial Times, OpenAI informed investors that its AI business generated nearly $50 billion in revenue at the end of September, which was about 20 billion dollars less than previously reported.

OpenAI declined to comment to the Financial Times. Concerns about the Nasdaq's decline were heightened by rising oil prices, which affected U.S. bonds. Brent crude oil for delivery in December and U.S. oil WTI November futures increased by 5.2 percent each, reaching $105.46 and $92.84 per barrel, respectively. Fears of supply shortages due to the Middle East conflict and a hurricane impacting U.S. offshore drilling operations drove the market up.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Finance & Markets

More from Thursday 8 October →