AI Stocks Tumble as OpenAI Revenue Misses High Bar

TREE NEWS reports: AI-related stocks experienced a broad selloff after OpenAI’s Q2 revenue growth of 18% fell short of expectations, while its operating loss widened to $12.3B. Concurrently, the 30-year Treasury yield hit 5.3%, a 2007 high, and geopolitical tensions rose, amplifying market jitters. Bank of America, however, argues Nvidia is undervalued by up to 50%.