OpenAI is seeking up to $20 billion in a new funding round, down from an earlier target of up to $30 billion, according to CNBC; the round has not closed, so figures may change. The Financial Times reported the target was cut by $10 billion and that OpenAI would seek a post-money valuation of $1.25 trillion, with some investors reducing their allocations. Investors from the United Arab Emirates are leading the round alongside Coatue. The move follows a week in which investors questioned whether big tech's AI spending will deliver adequate returns, and AI-linked stocks fell, with Intel down 25% on weak revenue guidance, Micron down 5.5% and Nvidia down 4%. Microsoft, Alphabet and Amazon all issued capex figures or forecasts last week below analysts' estimates, and Alphabet had its worst trading day ever after search revenue fell short of expectations.
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
MSFT
• NeutralMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/30/2026 | 521.90 |
| Change that session | -1.55% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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