U.S. stock futures were near flat Thursday night after an underwhelming revenue report from OpenAI took some steam out of the high-flying artificial intelligence trade.
S&P 500 futures were up 0.09%, while Nasdaq 100 futures added 0.05%. Dow Jones Industrial Average futures advanced 23 points, or 0.04%.
Shares of SpaceX rose 2% in extended trading after the rocket company announced a deal to buy a nationwide spectrum portfolio. Shares of AT&T, Verizon and T-Mobile slid as investors wondered worried the agreement could drive up competition.
AI stocks dropped on Thursday after CNBC confirmed that OpenAI told investors that it saw $50 billion in annualized revenue at the end of September. A $68 billion figure was widely reported last month, though a person familiar with the matter said it also included gross revenue from partners.
CoreWeave fell more than 7%, while Oracle, Intel and Super Micro Computer all lost around 5%. Advanced Micro Device slid close to 4%, while Nvidia shed almost 3%.