Markets are navigating renewed volatility as investors react to headlines surrounding artificial intelligence and OpenAI’s reported annualized revenue. Errol Coleman joins the conversation from the Cboe trading floor in Chicago to discuss premarket activity and what traders are watching ahead of Friday’s session.
Coleman explains how reports about OpenAI’s revenue triggered a sharp overnight selloff in Nasdaq futures before the market recovered much of the decline. He says the reaction highlights how sensitive markets have become to AI related news, particularly as artificial intelligence has played a major role in the recent stock market rally.
The conversation also focuses on semiconductor stocks, including Micron and SanDisk, which are trading near record highs after significant gains. Coleman discusses the key price levels traders are monitoring and whether buyers can sustain the upward momentum or the market could see a pullback.