Market News / Story
Asian markets mixed following tech selloff as OpenAI revenue concerns weigh
Seeking Alpha ·
Seeking Alpha reports: Asian equity markets traded mixed on Friday following an overnight selloff in U.S. technology shares, driven by revenue concerns surrounding OpenAI that pressured the broader artificial intelligence sector. Reports indicated OpenAI’s annualized revenue reached $50 billion at the end of September, coming in below the $68 billion figure reported the previous month. U.S. stock futures stabilized during Asian trading hours, with Dow futures up 0.20%, S&P 500 futures…