OpenAI CEO Altman says he continues to see rapidly growing demand; OpenAI has over 900mln weekly active users
Newsquawk Staff ·
OpenAI CEO Altman says he continues to see rapidly growing demand; OpenAI has over 900mln weekly active users.
What it means
OpenAI's CEO Altman highlighting the surge in demand and the impressive count of over 900 million weekly active users speaks volumes about the company's growth trajectory and market position. This level of user engagement positions OpenAI as a significant player in the tech space, particularly in the AI sector, which could translate into increased interest and optimism for companies involved with artificial intelligence, including Microsoft. Investors should monitor how this narrative impacts equity valuations in tech, particularly in systems software.
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings
- Verisk (VRSK) integrates insurance intelligence with Amazon (AMZN) and Microsoft (MSFT) AI platforms
- US PRE-MARKET MOVERS: SKHY, NXPI, ENPH, APH, GOOGL, HOOD, PPG, VRT, GEV, GEHC, BSX, ETSY, WEN, V
- [MARKET ANALYSIS] A busy morning for EU banking names, with tech stocks supported by upbeat SK Hynix earnings
- Newsquawk US Market Wrap - Stocks gain as AI fears fade while strong data supports the buck
Related headlines
- EUROPEAN OPEN: SKHY surges after Q3 profits; EQNR NO lifts FY production view; UBSG SW Q3 net income miss; DBK GY posts third straight record profit; MBG GY Q3 revenue & earnings fall; ULVR LN raises FY volume growth view; GSK LN Q3 profit & revenue beat6 hours ago
- Senior US Treasury trade official Eric Ettorre will leave to join Netflix (NFLX), reports Axios1 hour ago
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats2 hours ago
- T-Mobile (TMUS) CEO to step down from the board2 hours ago
- US Broker Moves: ENPH and DYN downgraded at Oppenheimer; FFIV downgraded at Piper Sandler2 hours ago
- GE Healthcare Technologies Inc. (GEHC) Q3 (USD): Adj. EPS 1.34 (exp. 1.20), Revenue 5.5bln (exp. 5.35bln), Adj. EBIT 913mln (exp. 838.8mln)4 hours ago
- Biogen Inc. (BIIB) Q3 2026 (USD): Adj. EPS 2.62 (exp. 1.98), Revenue 2.8bln (exp. 2.63bln). Raises lower end of FY26 diluted EPS guidance to USD 12.20-13.00 (exp. 12.23, prev. 12.00-13.00)5 hours ago
- South Korea fines Google (GOOGL) and Apple (AAPL) KRW 63.7bln for requiring in-app payments, sources say7 hours ago
- UK confirms it will be removing the standing charge on gas bills. Ofgem will be directed to do this in 2027, or as soon as possible8 hours ago
- US President Trump says there will be a meeting with Russian President Putin and Ukrainian President Zelensky set up soon, while Trump says there will be a meeting on disarmament during Asia trip10 hours ago
- Apple (AAPL) is set to unveil 14‑inch and 16‑inch touch MacBooks on Wednesday and discussed charging USD 2,899 for the new 14-inch touch Mac, while touch-screen Macs will be its priciest laptops17 hours ago
- Baker Hughes (BKR) Q3 (USD) EPS 0.70 (exp. 0.64), rev. 8.03bln (exp. 7.78bln)18 hours ago
- Major US technology company selects Baker Hughes’ (BKR) power generation and cooling solutions to scale high-density AI compute18 hours ago
- NXP Semiconductors NV (NXPI) Q3 2026 (USD): Adj. EPS 4.20 (exp. 4.12), Revenue 3.8bln (exp. 3.76bln), Adj. operating income 1.41bln (exp. 1.38bln); to increase share buyback by USD 5bln18 hours ago
- US President Trump says the US will officially ban the term "AI/Artifical Intelligence", due to inaccuracy 22 hours ago