OpenAI Just Cut Its Valuation Target by $150 Billion

Impact · against what's priced in

The OpenAI valuation haircut is largely noise for Microsoft, as the stock's value depends on the Azure revenue stream rather than the mark-to-market value of its equity stake. The core driver remains the conversion of the $678 billion cloud backlog into revenue growth, which remains intact.

MSFT+0.00: Already priced in
The price assumes: A cloud platform backlog of $678 billion, which is already ten times quarterly cloud revenue.

OpenAI Just Cut Its Valuation Target by $150 Billion

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OpenAI Just Cut Its Valuation Target by $150 Billion

What matters in this story

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Adobe vs. CrowdStrike: Which Technology Stock Is a Better Buy in 2026?

OpenAI Just Cut Its Valuation Target by $150 Billion

What matters in this story

Next reads from the same story arc

Adobe vs. CrowdStrike: Which Technology Stock Is a Better Buy in 2026?

How each ticker is affected

Connected tickers

Track these names every morning.

Prediction: Oracle Could Become a Much Bigger AI Winner Than Investors Expect

The Year-End Rally Is Well Underway

Arm's Ready-Made Blueprints: The Blueprint Attack on Marvell's Challenger Crown

10-year Treasury yield drops back to 5% this week as investors seek cover from AI worries