OPENAI'S REVENUE GAP RATTLES CHIP STOCKS

OpenAI told investors its annualized revenue run-rate stood near $50 billion at the end of September, well short of the nearly $70 billion some investors had already priced in. The company still says it expects to reach or exceed $70 billion by year-end. Chip stocks absorbed the shock, with a gauge tracked by $SOXX sinking 3.4% on the news. The gap shows how much growth the market is already demanding just to keep pace with AI hype.