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Nvidia and Micron stocks bounce after OpenAI projects $70 billion in revenue by year-end

What happened

OpenAI told investors it expects annualized revenue to reach or exceed $70 billion by end of 2026, easing concerns that had hit chip stocks Thursday

Summary assembled by rule from the sources below

Why it's spreading

Timeline

  1. First appeared on QuartzQuartz
  2. Bloomberg Technology started reportingBloomberg Technology

Sources