Dow Jones, S&P 500, Nasdaq: Techwerte erholen sich nach neuer KI-Angst – Ölpreise geben etwas nach

Recent declines in oil prices and easing concerns over the sustainability of the artificial intelligence (AI) investment boom have provided a boost to US stock markets on Friday. Relaxed geopolitical tensions in the Middle East also helped to lift investor sentiment. The Dow Jones Industrial Average climbed to 51,674 points, while the broader S&P 500 index posted a slightly higher reading of 7,788.

The technology-focused Nasdaq closed 0.4 percent higher at 27,294 points. The Nasdaq 100, which tracks the 100 largest non-financial companies by market capitalization, also showed a slight gain at 30,802 points. On the previous day, massive losses in AI-related stocks had severely depressed the Nasdaq. The catalyst for this was a media report on the revenue of ChatGPT developer OpenAI, which fueled fears that the high AI expenditures could no longer be justified.

According to the "Financial Times," OpenAI had recently informed investors that its AI company's revenues were nearly $50 billion on an annualized basis – about $20 billion lower than previously stated. Later that day, a Bloomberg report suggested OpenAI aims for a $70 billion annual revenue target by the end of 2026, driven primarily by growing corporate interest.

This new figure seemed to calm the market. However, many experts still view the high valuations of AI companies as exaggerated, especially given that these firms continue to operate at a loss. Critics argue that even the impressive growth rates do not justify such high valuations.