OpenAI has cut its valuation by $150bn, from the $1.4tn it sought in talks with investors to $1.25tn after pushback, according to the Financial Times. The move reflects growing investor concern about the cost of sustaining the AI boom, coming after Meta said it needed to raise 'hundreds of billions of dollars' and more than $1tn was wiped off US tech stocks on Thursday. Japan's Nikkei 225 fell as much as 2.3% on Friday morning. OpenAI is seeking $30bn before a stock listing next year, and the $1.25tn valuation would still be 47% above the $852bn it was valued at when it secured a record $122bn in March. Anthropic is also preparing an IPO, but investors have discussed valuing it at about $1.5tn, down from the $2tn previously expected.
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NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/22/2026 | 212.28 |
| Change that session | -4.36% |
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▼ Likely negativeMicrosoft
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| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $4.0T |
| Close on 10/22/2026 | 521.58 |
| Change that session | -2.13% |
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