AI Stocks Recover as OpenAI, Anthropic Lower Prices

Key Takeaways

• <ul><li>US stock indexes opened higher with the Dow rising 403.09 points, S&P 500 gaining 33.80 points, and Nasdaq adding 159.07 points as AI stocks recovered.</li><li>The US trade deficit narrowed in September to $62.0 billion and third-quarter GDP growth came in at 2.1%, beating expectations.</li><li>Investor Steve Eisman warned that AI price cuts and slowing usage could trigger a massive stock market correction and a recession.</li><li>Nvidia has 70% of its accounts receivable from just five customers, and Oracle has about half of its $600 billion backlog tied to OpenAI.</li><li>Super Micro Computer posted preliminary September-quarter revenue of $18.5 billion to $19.5 billion, far above earlier guidance of $14.5 billion to $15.5 billion.</li><li>Bernstein flagged that 244 gigawatts or 55% of the data center pipeline faces political risk after the 2026 midterms.</li><li>RedBird Capital and Sound Ventures created a $1 billion AI investment fund, with Sound Ventures being an early investor in OpenAI and Anthropic.</li><li>OpenAI's fundraising stalled, expecting only about $15 billion instead of its $30 billion target, while its valuation sits at $1.25 trillion.</li><li>Anthropic doubled revenue in the first two quarters and filed to go public at up to $2 trillion, outpacing OpenAI's 18% sales growth to $6.7 billion.</li><li>AI is accelerating security spending as companies shorten decision cycles and invest more heavily upfront to address growing threats.</li></ul>

US stocks rise as AI stocks recover and oil prices drop

Wall Street indexes opened higher on Monday as technology and AI stocks recovered from a weak October. A US economic report showed growth of 2.1% in the third quarter, beating expectations. The US trade deficit narrowed in September to $62.0 billion. US crude oil futures fell 1.2% to $52.49 a barrel.

US stocks open higher as AI trade steadies and oil falls

US stock indexes opened higher on Monday as AI-related stocks steadied and crude oil prices dropped sharply. The Dow Jones rose 403.09 points or 0.78% to 52,173.40. The S&P 500 gained 33.80 points or 0.45% to 7,613.87. The Nasdaq Composite added 159.07 points or 0.63% to 25,596.07. Rising hopes of a US-Iran peace deal helped boost risk sentiment.

US stocks open higher as AI trade steadies and oil falls

Wall Street's main indexes opened higher on Monday as technology and AI stocks recovered. The Dow Jones Industrial Average rose 403.09 points or 0.78% to 52,173.40. The S&P 500 rose 33.80 points or 0.45% to 7,613.87. The Nasdaq Composite gained 159.07 points or 0.63% to 25,596.07. Oil prices fell sharply amid growing hopes of a US-Iran peace deal.

Investor Steve Eisman warns AI price cuts could cause stock market crash

Investor Steve Eisman warned that falling AI prices and slowing usage could trigger a massive stock market correction. He said OpenAI lowered the price of its latest model, which could pressure Anthropic to do the same. Eisman noted that businesses are cutting back on AI spending and focusing on measurable value. He warned that an AI downturn could push the US into a recession immediately.

Steve Eisman says AI spending risks could cause a recession

Steve Eisman warned that an AI downturn could trigger a massive stock market correction and a recession. He said the AI boom depends on concentrated spending, making it vulnerable to trouble at OpenAI or Anthropic. Nvidia has 70% of its accounts receivable from just five customers. Oracle reportedly has about half of its $600 billion backlog tied to OpenAI. Apollo Global Management economist Torsten Slok noted that AI benefits are mostly limited to large tech companies.

Super Micro Falls 5% Before Earnings as AI Server Stocks Keep Sliding

Super Micro Computer dropped 5% ahead of its Q1 FY2027 earnings report as AI server stocks continued to sell off. The company posted preliminary September-quarter revenue of $18.5 billion to $19.5 billion, much higher than its earlier guidance of $14.5 billion to $15.5 billion. Dell and Hewlett Packard Enterprise also fell amid concerns over memory costs and cash flow. Super Micro's results are seen as the next key test of whether AI demand can turn into profitable growth.

3 AI Infrastructure Stocks to Watch in November 2026

Rising oil prices and global tensions are increasing demand for AI hardware, putting a spotlight on three key stocks. Western Digital supplies high-capacity hard drives for data centers and has a market value near $148 billion. Advanced Micro Devices provides server processors and accelerators, with data center revenue around $22.2 billion and a market value near $824.1 billion. Sandisk offers enterprise NAND flash storage for AI data centers and has a market value of about $191.5 billion.

The AI Trade Has Broken Down and Investors Face Big Questions

The AI investment story has weakened as money moves toward other sectors like biotech, food, and consumer goods. A major sell-off hit AI data center stocks, while lower interest rates made alternatives more attractive. The Federal Reserve's September rate hike and independent leadership under Chair Kevin Warsh are shaping market shifts. Investors are now weighing whether the AI buildout still holds long-term value or if rotation into other industries offers better opportunities.

RedBird Capital and Sound Ventures Create $1 Billion AI Investment Fund

RedBird Capital Partners and Sound Ventures formed a $1 billion partnership to invest in AI and media companies. RedBird brings its investment platform and experience scaling businesses, while Sound Ventures contributes its AI startup network and founder relationships. Sound Ventures was an early investor in OpenAI and Anthropic and also backed Spotify and Uber. RedBird's AI unit, RedBird X, will help evaluate the investments. No specific investment targets have been announced yet.

AI Is Speeding Up Security Sales Cycles as Risks Rise

Artificial intelligence is pushing companies to speed up security investments and shorten decision cycles. Customers are acting faster on patching and segmentation tools because delays now mean greater risk. Deals are becoming larger as enterprises invest more heavily from the start rather than expanding gradually. Companies like Illumio report more partners seeking certification as regulators and AI threats drive demand for stronger security defenses.

AI Power List reveals tech giants rival small nations

AI companies now hold wealth and power similar to small nation-states. A few dozen employees are becoming centimillionaires and considering political causes. The industry is always one breakthrough away from major changes. The question of who leads depends on specific experts. The article comes from New York Magazine via Transformer News.

Bernstein recommends AI infrastructure stocks despite election risks

Bernstein identified top AI infrastructure stocks as midterm elections create political risks for data centers. About 244 gigawatts or 55% of the data center pipeline faces political risk after the 2026 midterms. Data center projects represent 8% of state GDP in affected regions. Bernstein recommends stocks including Quanta Services, Eaton, Equinix, Digital Realty, Vertiv, GE Vernova, Siemens, and Schneider Electric.

OpenAI fundraising stalls as investors hesitate on big checks

OpenAI's fundraising efforts are stalling as investors refuse to keep funding the company. OpenAI originally targeted $30 billion but now expects only half that amount. The company is valued at $1.25 trillion, short of its $1.4 trillion goal. Anthropic doubled revenue in the first two quarters while OpenAI grew sales 18 percent to $6.7 billion. Anthropic filed to go public at up to $2 trillion. OpenAI is rushing to grow revenues to compete with Anthropic's Claude AI coding tools.

Sources

• US stocks open higher as AI trade steadies, oil falls
• US stocks open higher as AI trade steadies, oil falls
• US stocks open higher as AI trade steadies, oil falls
• ‘Big Short’ Investor Steve Eisman Warns AI Price Cuts and Slowing Usage Could Trigger a Massive Stock Market…
• ‘Big Short’ Investor Steve Eisman Warns AI Price Cuts and Slowing Usage Could Trigger a Massive Stock Market Correction — ‘...Could Go Into a Recession Immediately’
• Super Micro Drops 5% Ahead of Earnings as AI Server Selloff Extends; Dell Falls 4%, HPE Slides 3%
• Top 3 AI Stocks To Watch In November 2026
• The AI trade has broken down. How we got here and what investors should expect next
• RedBird Capital and Sound Ventures Form $1B AI and Media Investment Partnership
• AI accelerating security sales cycle
• The AI Power List
• Buy These AI Infrastructure Stocks Amid Midterm Election Risks, Bernstein Says
• OpenAI's Fundraising Efforts Sputter and Stall as Investors Refuse to Keep Cutting Checks