Jensen Huang's Nvidia Lost $200 Billion in Value After OpenAI's Revenue Run Rate Came Up $18 Billion Below Expectations. Is This AI-Jitters Sell-Off a Buying Opportunity?
Key PointsOpenAI recently said that it has a $50 billion revenue run rate, which is less than the $68 billion that the market previously thought.
Nvidia lost $200 billion in value following news that OpenAI reported a $50 billion revenue run rate. According to the Motley Fool, this figure was $18 billion less than the amount previously circulating in the market. Nasdaq Markets also reported that the $50 billion run rate was lower than the $68 billion the market had previously expected.
The Motley Fool reports that Nvidia's stock has fallen 4% since the news, which equates to a $200 billion loss for the company. The decline in AI stocks follows concerns regarding whether demand for AI accelerator chips is waning. Because companies like OpenAI and Anthropic require significant data center processing power to support their growth, market sentiment regarding their trajectory impacts chipmakers like Nvidia.
Brief written by urgent.news from Nasdaq Markets, Motley Fool — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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