US stock-index futures rose and Asian shares edged up after more details emerged about OpenAI’s estimated revenue, suggesting the weakness in Wall Street technology shares may be contained. Relief also came as Brent declined. Contracts for the S&P 500 Index gained 0.3% and those for the Nasdaq 100 Index climbed 0.4%. OpenAI expects to reach or exceed $70 billion in annualized revenue by year-end, driven largely by growth in its enterprise business, according to people familiar with the matter. That lifted sentiment after US shares retreated Thursday and a gauge of chipmakers slid 3.4%, following a Financial Times report that OpenAI’s annualized revenue was $20 billion below previously signaled levels. Asian shares edged up 0.2% and European equities were set to gain at the open.
Brent crude dropped 1.2% to $102.95 a barrel after President Donald Trump said the US won’t attack Iran ahead of November’s midterm elections. Treasuries held their gains from the US session, while a Bloomberg gauge of the dollar edged lower. Questions over returns from AI put spending under greater scrutiny, with elevated borrowing costs making vast investments in data centers and computing infrastructure harder to justify. The start of earnings season next week will provide a key test, with investors seeking evidence that revenue and profits can keep pace with the capital required to develop and run AI models. Elsewhere, gold advanced after long-dated US Treasury yields pulled back from their highest levels in more than two decades. Bullion rose more than 1% to about $4,175 an ounce. In Japan, the 10-year bond yield fell 5.5 basis points to 3.025%. OpenAI, Anthropic and other AI firms have often touted their annualized revenue — a projection of annual sales based on a shorter period — as a key growth metric. However, not all companies measure it the same way. Anthropic’s annualized revenue hit $65 billion by the end of July, Bloomberg previously reported. OpenAI shared the numbers with investors as part of discussions for its latest fundraising effort, said the people, requesting anonymity to discuss private information. On Thursday, tech shares led losses in the S&P 500 after reports that OpenAI’s annualized revenue would be lower than some previous estimates. In the last 18 months, there have been “waves of bad news” around AI, which settles down after a couple of days and markets revert back to optimism, Seema Shah, chief global strategist at Principal Asset Management, said in an interview with Bloomberg TV. US After Hours HELE +1.7% higher on earnings, HUM +13%, SPCX +2.6%, CVS -2.8%.
Nikkei -0.03% Hang Seng +1.56% CSI -0.03% Kospi -2.62% Shanghai -0.12% Shenzen -0.56%
Eur$ 1.1231 CNH 6.6969 CNY 6.6974 JPY 158.10 GBP 1.3244 CHF 0.8304 RUB 85.0100 TRY 49.3418 WTI$ 90.28 -1.17% Gold 4,186 +1.62% BTC 82,285 +0.85% ETH 2,490 +0.89%
S&P +0.33% Nasdaq +0.63% EuroStoxx +0.72% FTSE +0.86% Dax +0.79% SMI +0.96%
Macro :
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