{
  "id": 2139154,
  "title": "Tech stocks today: OpenAI's growth disappoints, Nvidia earnings provide next test for AI trade",
  "url": "https://urgent.news/2026/08/17/tech-stocks-today-openais-growth-disappoints-nvidia-earnings-provide",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T13:29:45.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/technology/live/tech-stocks-today-openais-growth-disappoints-nvidia-earnings-provide-next-test-for-ai-trade-132945569.html"
  },
  "original_language": "en",
  "account": "Tech stocks saw a slight increase on Friday as traders awaited key earnings reports. Nvidia's August 26th earnings release is expected to have significant repercussions for both hyperscalers and other businesses. Anthropic is reportedly planning to file its initial public offering documents by month-end, targeting an IPO value exceeding $75 billion, similar to SpaceX's June offering. Meta's ongoing social media trial in Oakland, California, is set to continue next week after a hearing was postponed due to a sick juror. The case, involving 29 state attorneys general, examines claims that Meta intentionally designed its services to keep children online for extended periods, potentially causing psychological harm. The trial could result in up to $1.4 trillion in damages, but the state attorneys general dispute this figure. Anthropic, an AI startup, is also preparing to file for an IPO soon. If successful, it would surpass OpenAI in terms of market timing, with OpenAI expected to go public later this year or early 2027. Anthropic, founded in 2021, gained prominence after its Claude Code AI coding agent surpassed OpenAI's offerings. The company has since introduced additional enterprise software and integrations with popular productivity tools. Anthropic recently raised $65 billion in a funding round, valuing the company at $965 billion. In contrast, OpenAI raised $122 billion, valuing the company at $852 billion. OpenAI reported $6.2 billion in revenue for Q2, a 18% increase from the previous quarter. Anthropic, however, reported $11.5 billion in revenue for its latest quarter, marking a 14-fold increase compared to the same period last year. Despite these impressive figures, Anthropic has faced scrutiny from the Trump administration, which designated the company a supply chain threat and limited its use in AI for fully autonomous weapons or mass surveillance. Both OpenAI and Anthropic must also contend with increasing competition from open-source AI software, particularly from China. SpaceX's stock experienced a brief dip following another share unlock, but recovered slightly in early trade. This comes on the heels of a Chinese company successfully landing a rocket booster on land, posing a competitive threat to SpaceX. The company's IPO stock was priced at $135, and around 319 million shares held by early employees and investors are set to become tradable on Thursday, marking the Day 70 tranche of a staggered lockup releasing about 88% of SpaceX's 13 billion shares through 2027. This stock movement highlights the growing competition and supply pressures in the market.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}