A Trillion Dollars Vanished From Tech Stocks as OpenAI Hit a $1.25T Valuation the Same Afternoon

Nvidia's warning of an AI funding crunch triggered a broad selloff — the leveraged semiconductor ETF SOXL fell more than 21% intraday — even as OpenAI's valuation climbed to $1.25 trillion, crystallizing the market's central contradiction about AI economics.

Over $1 trillion was erased from the stock market in a single session, according to @AtlasSignalai, who noted the grim symmetry: the same afternoon, OpenAI was valued at $1.25 trillion. The market, in other words, destroyed roughly one OpenAI's worth of value while simultaneously minting one.

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