TechCrunch
31 Oct 2026, 16:12 UTC · 2h ago
OpenAI reportedly lowers funding target for new round
Impact · against what's priced in
OpenAI's reduced funding target and tepid investor response signal a cooling of the AI capital cycle, challenging the aggressive growth trajectories currently ignored by the market. For Nvidia, this supports the bear case that data center spending may plateau rather than accelerate toward the $1 trillion revenue projections the market is currently refusing to pay for.
- NVDA−0.20
Challenges what's priced in
- The price assumes
The $1 trillion cumulative revenue projection for Blackwell and Rubin architectures through 2027
The market is currently refusing to pay for the $1 trillion revenue projection for Blackwell/Rubin; reports that Wall Street investors are becoming 'wary of heavy AI infrastructure spending' and that OpenAI is struggling to hit its funding targets support the view that these projections may not materialize.
