OpenAI’s quarterly revenue passed $10 billion for the first time, up about 50%, and its adjusted operating loss widened to $10.9 billion from $10.1 billion. Enterprise sales are now its largest line, ahead of consumer subscriptions. The panel steps back across the whole AI trade on a morning when Baird cut Nvidia to Neutral with a $200 target from $500, Nscale is reported to be delaying a $35 billion listing, and Anthropic is upsizing an oversubscribed IPO. Jake Conley also explains, from having covered them, what a 2.5% drawdown does to a hedge fund pod.
Featuring
Julie Hyman, Host, Yahoo Finance
Jake Conley, Breaking Business News Reporter, Yahoo Finance
Pras Subramanian, Senior Autos Reporter, Yahoo Finance
Timestamps
0:00 Stepping back on a month of carnage
1:48 What a 2.5% drawdown does to a hedge fund pod
9:52 OpenAI’s numbers against Anthropic’s
16:22 CoreWeave, and the cost of its debt
20:40 The CFTC, Kalshi and what counts as gambling
24:45 Break
30:00 Baird cuts Nvidia to $200 from $500
38:27 Anthropic upsizes, and there is no Elon
44:42 Credit cards, auto loans and a record $19.1 trillion
50:57 What Americans are still spending on
#OpenAI #Nvidia #AI #HedgeFunds #The830 #YahooFinance
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