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Update: Tech","url":"https://stock-news.laohu8.com/highlight/detail?id=2674600786","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2674600786?lang=en_us&edition=fundamental","pubTime":"2026-10-09 03:23","pubTimestamp":1791487393,"startTime":"0","endTime":"0","summary":"Tech stocks were lower late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF  falling 2.1% and the State Street SPDR S&P Semiconductor ETF  dropping 4.1%.The Philadelphia Semiconductor index shed 3.8%.In corporate news, Nvidia-backed  Firmus Grid is poised to delay its initial public offering amid slack investor demand, Bloomberg reported. The Australian data center company had been looking to raise as much as $5.5 billion including an over-allotment option, indicating a $30.4 billion valuation, and may consider a private funding round instead, the report said. 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Corp Stock (NVDA) Moved Down by 3.06% on Oct 8: What Signal Does It Send?","url":"https://stock-news.laohu8.com/highlight/detail?id=2674007896","media":"TradingKey","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2674007896?lang=en_us&edition=fundamental","pubTime":"2026-10-09 03:15","pubTimestamp":1791486931,"startTime":"0","endTime":"0","summary":"• Nvidia faced downward price pressure due to profit-taking and macroeconomic headwinds.  \n• The company announced a multi-year financial commitment for supercomputing infrastructure development.  \n• Nvidia achieved annual revenue of $215.94 billion, ranking first in its 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stocks drop after report that OpenAI’s revenue is lower than expected","url":"https://stock-news.laohu8.com/highlight/detail?id=2674000768","media":"CNN Business","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2674000768?lang=en_us&edition=fundamental","pubTime":"2026-10-09 03:07","pubTimestamp":1791486433,"startTime":"0","endTime":"0","summary":"Tech stocks dropped on Thursday after a news report that OpenAI’s annualized revenue is about $20 billion less than previously reported.OpenAI, the maker of ChatGPT, recently told investors that its annualized revenue was nearing $50 billion, according to the Financial Times, lower than the $70 billion figure previously reported by media, including the FT, based on information from investors.The discrepancy could rattle investors already questioning whether demand for AI will be strong enough to help companies like OpenAI and Anthropic turn a profit and justify the industry’s enormous spending on the AI buildout.A source familiar with the documents said the $70 billion figure did not come from OpenAI and likely came from a desire by firms to compare OpenAI’s numbers with Anthropic’s, which includes gross revenue from cloud providers. 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