Closelook@AI Trade
Capex Sold, Apps Bought
OpenAI’s revenue came in at $50 billion, not the $70 billion that had circulated. Chips fell and the software that uses AI rose — since the 22 June chip high, build is down, operate and use are up.
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0:00 OpenAI’s revenue came in at $50 billion, not the $70 billion that had circulated.
0:04 Four things in under a minute.
0:10 Chips fell. The software that uses AI rose.
0:14 Since the chip high on 22 June, our three AI indices went separate ways.
0:20 Build −15.8%. Operate +21.1%. Use +29.8%.
0:26 Across the AI chain, cloud and cybersecurity lead. Chips, data centers and power trail.
0:32 In every tech cycle, the profits moved from those who build to those who use.
0:38 No reason to leave tech. A reason to watch where the money goes next.
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Research diary, not investment advice. Figures as stated in the video, to the date shown.