10-9
OpenAI pegs annualized revenue at $50 billion as market questions $850 billion-plus valuation
OpenAI disclosed that annualized revenue reached $50 billion at the end of September, well below the $68 billion figure widely reported previously, reigniting scrutiny of its valuation above $850 billion. CEO Sam Altman confirmed the company will not pursue an IPO this year, leaving it under pressure to back up its lofty valuation. Separately, rival Anthropic is reported to be seeking a $2 trillion valuation for a Nasdaq listing.
10-9
10-2
Nike set to open at a 2013 low after cutting adjusted EPS outlook to $1.15–$1.35
Nike reported fiscal 2026 Q1 earnings per share of $0.48, topping expectations, while revenue of $11.12 billion came in slightly below consensus. The company sharply cut its full-year adjusted EPS forecast to $1.15 to $1.35 and said it will lay off more employees as part of a restructuring. The stock fell 9% in premarket trading after the results and is expected to open at its lowest level since 2013, with shares down about 45% year to date.
10-2