Stock futures rise as tech shares rebound following sell-off: Live updates
Stock futures rose as technology shares rebounded from a volatile sell-off sparked by recent reports regarding OpenAI revenue updates. The Nasdaq Composite had previously dropped more than 1% on Thursday, marking its biggest one-day loss since mid-August. Meanwhile, markets also reacted to falling oil prices and investors gearing up for upcoming bank earnings. Despite the initial confusion over AI revenue projections, companies like CoreWeave, Oracle, and Coherent experienced rebounds.
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- ✓ The Nasdaq Composite dropped more than 1% on Thursday, marking its biggest one-day loss since mid-August.
- ✓ US stock futures rose as tech shares rebounded following a sell-off driven by OpenAI revenue updates.
- ✓ CoreWeave, Oracle, and Coherent rebounded after OpenAI confusion.
What changed
US stock futures edged higher as technology shares recovered from a sharp sell-off driven by previous OpenAI revenue confusion.
Live updates
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US Stock Futures Rise Following Tech Rebound
Stock futures rose as technology shares rebounded from a volatile sell-off sparked by recent reports regarding OpenAI revenue updates. The Nasdaq Composite had previously dropped more than 1% on Thursday, marking its biggest one-day loss since mid-August. Meanwhile, markets also reacted to falling oil prices and investors gearing up for upcoming bank earnings. Despite the initial confusion over AI revenue projections, companies like CoreWeave, Oracle, and Coherent experienced rebounds.
Why it matters
The recent market turbulence highlights the sensitive dependence of the technology sector on artificial intelligence spending and revenue expectations. Fluctuations in oil prices and broader macroeconomic indicators continue to drive volatility across the S&P 500 and Nasdaq. Investors are carefully monitoring corporate earnings reports and upcoming Federal Reserve minutes to gauge the near-term trajectory of equities.
What is confirmed
- The Nasdaq Composite dropped more than 1% on Thursday, marking its biggest one-day loss since mid-August.
- US stock futures rose as tech shares rebounded following a sell-off driven by OpenAI revenue updates.
- CoreWeave, Oracle, and Coherent rebounded after OpenAI confusion.
Still unconfirmed
- OpenAI annualized revenues are $20bn less than previously signaled.
- OpenAI still expects $70 billion in annualized revenue by the end of 2026.
What to watch next
- Upcoming major bank earnings reports
- Federal Reserve minutes and monetary policy signals
- Further developments in energy markets and oil prices
confidence 90%Sources used for this update (20)
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- finance.yahoo.com — Stock market today: Dow falls, S&P 500 and Nasdaq retreat from records amid bond market jitters
- www.aol.com — RPM (RPM) Q1 2027 Earnings Call Transcript - AOL
- CNBC — S&P 500 futures are little changed after OpenAI's revenue report prompts tech sector turmoil: Live updates
- Financial Times — OpenAI annualised revenues $20bn less than previously signalled
- CNN — Tech stocks drop after report that OpenAI’s revenue is lower than expected
- Reuters — OpenAI's annualized revenue $20 billion less than previously signaled, FT reports
- www.cnbc.com — Stock market today: Live updates - CNBC
- Yahoo Finance — OpenAI Expects $70 Billion in Annualized Revenue by End of 2026
- Quartz — OpenAI is still projecting $70 billion in annualized revenue by end of 2026
- Barron's — CoreWeave Stock, Oracle, Coherent Rebound After OpenAI Confusion
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