Stocks bounce back after sell-off tied to OpenAI’s revenue report

supports healthy liver function and liver enzyme levels. So the system working in the background can keep >> ALL RIGHT. WELCOME BACK. OPEN AI'S REVENUE ADJUSTMENT, RAISING NEW QUESTIONS ABOUT THE CIRCULAR FINANCING OF THE AI BUILD OUT. SEEMA MODY WITH MORE IN TODAY'S TECH CHECK. SEEMA. >> WELL HEY BRIAN IT DOES CERTAINLY CAST A LIGHT ON HOW DEPENDENT SOME OF THE BIGGEST NAMES IN THE ARTIFICIAL INTELLIGENCE BUILDOUT ARE ON THE FRONTIER LAB. TAKE NVIDIA FOR EXAMPLE COMMITTING ABOUT $100 BILLION TO INVESTING IN OPEN AI. MOST RECENTLY PUTTING $30 BILLION IN FEBRUARY. THAT CAPITAL OPENAI INVESTS IN LEASING DATA CENTERS FROM THE LIKES OF ORACLE WHICH IT HAS COMMITTED $300 BILLION TO ALL WHILE RENTING CLOUD STORAGE FROM THE HYPERSCALERS AND BUYING COMPUTE FROM AMD AND NVIDIA AS WELL AS THE NEO CLOUDS. THIS EXPLAINS WHY THE MARKET MAY HAVE TO LOWER ITS EXPECTATIONS IF OPENAI FALLS SHORT OF ITS REVENUE GOALS. BUT THE LATEST UPDATES FROM A NUMBER OF OPEN AI'S PARTNERS SUGGEST DEMAND IS HOLDING UP. GE RENOVA, FOR EXAMPLE, ITS GAS TURBINES POWER MANY OF OPENAI'S DATA CENTERS. ITS ORDER BOOK IS FULL THROUGH 2031. OVER THE PAST WEEK, SUPPLIERS LIKE MICRON AND MARVELL REFERENCING HOW TIGHT THE MEMORY AND NETWORKING MARKETS ARE. THE QUESTION REMAINS, THOUGH, WHO IS LEFT HOLDING THE RISK IF AI DEMAND SLOWS? AND WHAT HAPPENS TO THE FIXED INCOME INVESTORS? BRIAN, WHO HAVE BEEN FUNDING THE AI, BUILD OUT THE MOVE IN ORACLE'S CREDIT DEFAULT SWAPS. AS YOU CAN SEE, WIDENING THIS MORNING SUGGESTS CREDIT MARKETS ARE GETTING MORE CAUTIOUS. AND NOW PRIVATE EQUITY GETTING IN THE MIX. CNBC CONFIRMING EARLIER THIS WEEK THAT APOLLO CAPITAL IS HELPING FACILITATE SPACEX'S $40 BILLION DEBT SALE TO BUY MORE NVIDIA GPUS TO INVESTORS. WE SPOKE TO SAY DEMAND IS STILL SO HIGH FOR COMPUTE THAT IF OPENAI BUYS A LITTLE LESS, COMPETING FIRMS WILL BE THERE TO STEP IN. BRIAN. >> HOW BIG OF A CONVERSATION IS THIS STILL ON THE STREET? I KNOW IT WAS A BIG DEAL. PEOPLE WERE LIKE, WELL, THEY'RE PAYING THIS COMPANY TO PAY FOR THAT COMPANY THAT CAN BUY MORE STUFF THAT GOES BACK INTO THAT COMPANY. THAT'S WHAT THEY MEAN. ARE PEOPLE STILL TALKING ABOUT THIS AT THE SAME LEVEL AND VOLUME THAT THEY WERE A COUPLE OF MONTHS AGO? >> I THINK IT STILL GETS A LOT OF ATTENTION, ESPECIALLY WHEN A HEADLINE LIKE THE ONE THAT CAME OUT LAST NIGHT RAISING QUESTIONS ABOUT THESE REVISED FINANCIALS FROM OPENAI, IT CERTAINLY PUSHES INVESTORS TO LOOK BACK AT THE CIRCULAR NATURE OF THIS AI ECOSYSTEM. WHO'S INVESTED IN WHAT AND IF THERE IS SOME TYPE OF SLOWDOWN OR AN ADJUSTMENT IN EXPECTATIONS, WHICH COMPANIES COULD GET HIT EVEN IF IT'S NOT A BIG FINANCIAL HIT, THOSE MAY THAT MAY SEE JUST A LITTLE BIT LESS DEMAND. AND DOES THAT CREATE AN OPEN DOOR FOR A COMPETING FIRM TO STEP IN? >> YEAH. I MEAN, AND WHY WHY IS ORACLE AT SORT OF THE CENTER OF THIS CONVERSATION JUST BECAUSE THEY TOOK ON MORE DEBT THAN OTHERS? WHY? WHY ARE WE FOCUSED SO MUCH ON ORACLE. >> YEAH, BECAUSE ORACLE HAS PUT MUCH MORE MONEY ON THE LINE TO INVEST IN THE AI BUILD OUT AMID THIS EFFORT UNDER LARRY ELLISON, TO REINVENT THE COMPANY AS ONE THAT IS POSITIONED TO BENEFIT FROM THE ARTIFICIAL INTELLIGENCE BOOM. IT HAS A LOT TO LOSE AND IT HAS A LOT ON THE LINE. YOU KNOW, THERE'S A SEPARATE REPORT FROM BLOOMBERG THAT WITH ONE OF THE DATA CENTERS THEY'RE WORKING ON, THEY'RE ACTUALLY HAULING GAS VIA TRUCKS, WHICH TELLS US THAT THEY ARE BEING INCREDIBLY THOUGHTFUL ABOUT ENSURING THAT THE DATA CENTER TIMELINE IS NOT PUSHED BACK BECAUSE THE MARKET IS SENSITIVE TO ANY DELAYS AT THIS POINT, BRIAN. AND OF COURSE, THAT MOST OF ITS DATA CENTERS, ITS BACKLOG IS TIED TO OPEN AI. THE COMPANY HAS SAID IN RECENT EARNINGS CALLS THAT IT'S DIVERSIFYING ITS PIPELINE. IT'S GOT META, IT'S GOT NVIDIA IN THE MIX, BUT STILL ABOUT I WAS JUST CHECKING ESTIMATES ABOUT 60% OF ITS REMAINING PERFORMANCE OBLIGATIONS STILL TIED TO OPENAI. THAT'S WHY WHEN THERE'S A HEADLINE LIKE THIS YOU SEE ORACLE STOCK RESPOND TH