πΊπΈ NASDAQ: U.S. stock futures rose Friday as tech stocks rebounded after Thursday's AI selloff, with Nasdaq-100 futures up 0.8%.
The selloff began when the Financial Times reported that OpenAI's annual revenue had reached $50 billion, $20 billion short of estimates.
Bloomberg later reported that OpenAI expected to reach or exceed $70 billion in annual revenue by the end of the year, which helped calm concerns that the AI boom was running out of steam.