Aug. 19 at 10:23 AM
$SOXS $NVDA $MSFT $ORCL $QQQ
WSJ EXCLUSIVE: OpenAI Q2 financials trigger panic across the AI supply chain.
Key Bombshells:
• Burning Out of Control: Operating loss widened to
$12.3B in Q2 (vs
$9.3B in Q1) on just
$6.7B revenue (+18% QoQ).
• Anthropic Takes the Lead: Anthropic surged to
$11.6B revenue, surpassing OpenAI for the first time while reaching adjusted profitability.
• C-Suite Exodus: CRO Denise Dresser ousted; COO Brad Lightcap and top executives exit amid restructuring.
• The Existential Threat to Hardware: WSJ notes Nvidia & Oracle's performance hinges entirely on OpenAI fulfilling its massive multi-year computing commitments.
When the #1 buyer of GPUs is losing
$12B+ a quarter with slowing growth, the CapEx bubble bursts.