From Schwab Brokerage · Joe Mazzola · · 1m 30s
Stocks Rise as AI Jitters Fade
AI stock fears ease as OpenAI revenue reports stabilize markets.
In brief
AI stock fears ease as OpenAI revenue reports stabilize markets. AI stocks rebounded early Friday after OpenAI's revenue expectations clarified, lifting markets from AI bubble concerns. Originally reported by Schwab Brokerage.
Markets open higher
Stocks rose early Friday as AI jitters eased and oil prices stabilized.
OpenAI revenue clarity
Bloomberg reported OpenAI expected to hit $70 billion annualized revenue by year-end.
Thursday's AI stock drop
AI stocks fell 1.3% Thursday after OpenAI's revenue reports contradicted earlier estimates.
Oil prices stabilize
WTI crude oil fell 0.05% Friday after surging 3% Thursday amid Middle East tensions.
S&P 500 performance
S&P 500 rose 0.47% Friday after falling 0.6% Thursday.
Nasdaq Composite
Nasdaq Composite fell 1.25% Friday after dropping 1.3% Thursday.
Treasury yields rise
10-year Treasury yield rose 0.03% Friday after falling two days.
AI debt concerns
Investors seek credible AI guidance amid high debt levels for AI buildout.
Samsung and TSM performance
Samsung stock fell 25% from June high after reporting ninefold profit increase.
Tariff impact on inflation
Tariffs contributed 2.9 percentage points to consumer goods inflation in February 2026.
Earnings expectations
FactSet expects S&P 500 earnings to grow 29.5% for third quarter.
SpaceX mobile deal
SpaceX reached deal to buy cellular spectrum licenses for Starlink Mobile.
Apple production cuts
Apple told suppliers to cut iPhone parts production due to soft demand.
What to remember
AI stocks rebounded early Friday after OpenAI's revenue expectations clarified, lifting markets from AI bubble concerns.
