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International Business Times

OpenAI projects $70 billion annualized revenue by end-2026, up 40% from September

OpenAI said its annualized revenue in September was $50 billion, below the $68 billion previously reported, a revision that weighed on stocks on Thursday. The company now expects annualized revenue to reach $70 billion by the end of 2026, up 40% from September. OpenAI is also seeking to raise at least $30 billion at a $1.4 trillion valuation, after raising $122 billion in March at a $852 billion valuation.

Humana shares jump 14% as 95% of Medicare Advantage members shift into higher-rated plans

Humana shares surged 14% after the company said 95% of its Medicare Advantage members have moved into higher-rated plans. Humana expects the shift to lift its quality bonus revenue in 2026. Meanwhile, rival CVS Health’s Aetna is facing a decline in ratings.

Applied Digital posts $342M revenue after 322% jump, alongside $221M continuing-operations loss

Applied Digital reported revenue up 322% year over year to $342M. The company also recorded a $221M continuingoperations loss over the same period. It carried $6. 4B in debt, underscoring the financial strain tied to its AI expansion.

Xiaomi shares jump 9.2% in Hong Kong after SkyNomad SUV tops 70,000 orders in first month

Xiaomi said its newly launched SkyNomad SUV series logged more than 70,000 nonrefundable orders in its first month on the market, helping lift its Hong Kong-listed shares as much as 9.2%. The tally trails the 240,000 nonrefundable orders the YU7 SUV drew within the first 18 hours of its release last year. The company said it delivered more than 40,000 vehicles in September, including 10,000 Skynomad SUVs.

Why Is Micron (MU) Stock Down 4.79% Today, Oct 8? OpenAI Revenue Report and Slower Memory-Price Growth Weigh on Shares

Micron (MU) fell 4.79% to close at $1035.84 on October 8, 2026, as reporting about OpenAI revenue and slowing AI-memory growth expectations pressured the semiconductor group. This draft examines the daily outlook, the limits of that sector explanation, and the technical levels traders are watching.

Why Is SpaceX (SPCX) Stock Down 4.19% Today, Oct 8? $40 Billion Financing Concerns and AI Selloff Weigh on Shares

SpaceX (SPCX) fell 4.19% to $160.57 on October 8, 2026, as reports about proposed financing for Nvidia AI-chip purchases coincided with a risk-off session. This draft examines the reported funding issue, the broader market backdrop, and the technical conditions traders can monitor next.

Why Is Broadcom (AVGO) Stock Down 4.35% Today, Oct 8? OpenAI Revenue Concerns and $60B Anthropic Chip Financing Weigh on Shares

Broadcom (AVGO) fell 4.35% to $360.14 on October 8, 2026, as reports about financing for OpenAI custom chips and lower reported OpenAI revenue rattled AI-infrastructure expectations. This draft examines the session, the risks behind the reaction, and the technical levels that could shape the next move.

Why Is Nvidia (NVDA) Stock Down 2.94% Today, Oct 8? OpenAI Revenue Concerns and Higher Oil Prices Pressure AI Stocks

Nvidia (NVDA) fell 2.94% to $230.48 on October 8, 2026, as reports about OpenAI revenue and a slowing-growth concern around AI memory weighed on AI hardware shares. This draft examines the session’s drivers, downside risks, and technical levels traders may watch.

Why Is Intel (INTC) Stock Down 5.34% Today, Oct 8? OpenAI Revenue Report and Rising Oil Prices Pressure Chip Stocks

Intel (INTC) fell 5.34% to $107.08 on October 8, 2026, as an OpenAI revenue report unsettled AI-linked semiconductor shares while oil and Treasury volatility weighed on technology risk appetite. This draft examines the session’s drivers, downside risks, and the technical levels traders can use to assess a recovery or further weakness.

Why Is Coherent (COHR) Stock Down 9.63% Today, Oct 8? Optical-Sector Profit-Taking and OpenAI Revenue Concerns Pressure Shares

Coherent (COHR) fell 9.63% to close at $302.35 on October 8, 2026, as profit-taking in optical-component stocks and weaker AI-infrastructure sentiment pressured the group. This draft examines the session's evidence, near-term risks, and technical levels traders can monitor.

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