Finance

Tech-sector projections, including reports that OpenAI expects its annualized revenue to hit or surpass $70 billion by the end of the year, helped soothe investor anxieties. The strong estimates diminished recent concerns surrounding the long-term profitability and sustainability of the broader artificial intelligence expenditure cycle.

Despite a mild reprieve in equity markets, the 10-year U.S. Treasury yield remains heavily pressurized near multidecade highs. Fixed-income investors continue to brace for potentially higher borrowing costs and structural deficit concerns, keeping the risk of yields reaching 6% at the forefront.

Digital assets experienced modest gains, with Bitcoin stabilizing above the $82,000 threshold and Ethereum holding close to $2,500. The broader cryptocurrency market has managed to steady itself after recent leverage liquidations, though traders continue to track macroeconomic data points for directional momentum.