U.S. Stock Futures Rise as Tech Sector Rebounds on Optimistic OpenAI Revenue Forecast
U.S. stock futures are showing gains, particularly in the tech sector, following a Bloomberg report indicating that OpenAI anticipates reaching or exceeding $70 billion in annualized revenue by the end of 2026. This updated forecast has helped to alleviate investor concerns regarding AI valuations, which had led to a tech-led sell-off on Thursday after earlier reports suggested a lower revenue pace. The positive sentiment is contributing to a broader market rebound, with oil prices also easing and Treasury yields remaining largely unchanged.
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