Oil Spike, The Technical Take, and Oppormunities 10/8/26

An FT report cutting OpenAI's revenue estimate by $20B triggered an AI-stock selloff even as technicians still see NVIDIA and the S&P hitting new highs.

• OpenAI revenue dispute: FT reported OpenAI's annualized revenue is near $50B, ~$20B below prior ~$70B figures; CNBC's Kate Rooney confirmed $50B is accurate, with the gap explained by stripping out revenue-sharing with partners like Amazon and Microsoft.
• AI stocks sell off: Nasdaq/S&P fell on the headline; IREN -8.5%, CoreWeave -8%, Nebius -7%, Arm -7%, Super Micro -6%, with more muted moves in Amazon (-1.9%) and Microsoft (-1.2%).

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