Tech Stocks Today: OpenAI's Growth Disappoints, Nvidia Earnings Provide Next Test for AI Trade The latest earnings reports from OpenAI and Nvidia have sent shockwaves through the tech industry, laying bare the fragility of the AI trade.
On closer inspection, these announcements reveal a more concerning picture. OpenAI's Q2 revenue growth numbers show an 18% increase from the previous quarter, but this figure is misleading.
The company's financial success has yet to translate into sustained profitability. In contrast, rival Anthropic reported a staggering $11. 5 billion in revenue, a 14x jump from the same period last year.