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Oleksandr Pylypenko

Nasdaq Futures Climb as Chip Stocks Rebound on New OpenAI Revenue Report

OpenAI United States Alberto Musalem Christopher Waller Intel Corporation SpaceX US Federal Reserve BofA China Shanghai Composite Index Delta Air Lines

December Nasdaq 100 E-Mini futures (NQZ26) are up +0.81% this morning as chipmakers staged a partial rebound from yesterday’s selloff following a new report on OpenAI’s estimated revenue.

Chip and AI infrastructure stocks advanced in pre-market trading, rebounding from yesterday’s slump after Bloomberg reported that OpenAI expects to reach at least $70 billion in annualized revenue by year-end. The report helped ease worries that OpenAI’s revenue was coming in below earlier estimates. Marvell Technology (MRVL), Micron Technology (MU), and Intel (INTC) each gained more than +1%.

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