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AI/Data Center Investment Momentum Faces Volatility: IPO Postponement and OpenAI's Reported Revenue Miss
Nvidia-backed Firmus cited market volatility in postponing a planned IPO; OpenAI's annualized revenue reportedly reached about $50 billion, below expectations.
TLDR
One investor sees AI infrastructure as the market's driving theme, with semiconductors at its core and power and data centers supporting it. Nvidia-backed Firmus postponed a planned large IPO, citing market volatility. OpenAI reportedly reached about $50 billion in annualized revenue, below expectations, pressuring related stocks including Nvidia, Oracle and CoreWeave.
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