OpenAI revenue reveal spooks AI stocks as Firmus pulls IPO

· Politics · United States

OpenAI's revenue reveal spooked AI stocks and raised concerns around CEO Sam Altman's much-anticipated plans to take the group public in 2027, according to a CNBC report. The disclosure came as Nvidia-backed Australian AI data centre operator Firmus withdrew its planned IPO, citing market volatility, scrapping what would have been Australia's biggest listing since Telstra. The developments signal deepening investor caution about AI valuations after a long rally.

Why it matters：The caution underscores how sensitive AI-related valuations are to revenue and market conditions.

Key points

  • OpenAI's revenue reveal spooked AI stocks.
  • Questions arose over Altman's 2027 IPO plans.
  • Firmus withdrew its IPO citing volatility.

Sources (original reporting)

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