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Chip, Cloud Stocks Edge Up Overnight After OpenAI’s $50B Revenue Figure Sparks Selloff: Analyst Calls Reaction ‘Overblown’
Stocktwits ·
Stocktwits reports: Shares of Nvidia Corp. (NVDA), Oracle Corp. (ORCL) and CoreWeave (CRWV), as well as other chipmakers, edged higher in overnight trading late Thursday after OpenAI’s weaker-than-reported revenue disclosure triggered a sharp slide in the regular session. NVDA rose 0.5%, while ORCL and CRWV inched up 0.7% and 0.3%, respectively. Additionally, shares of Advanced Micro Devices (AMD), Broadcom (AVGO), Intel Corp. (INTC), and Super Micro Computer (SMCI) rose 0.2% to 0.5%. The…