OpenAI’s $20 BILLION MISS Wiped Out $370B from Tech Stocks

Welcome to Impact Theory! OpenAI told investors its annualized revenue was near $50 billion, far short of the roughly $70 billion investors expected. That miss helped wipe about $370 billion from Oracle, Nvidia, Broadcom, Micron, and AMD in a single session, while the Firmus data center IPO in Australia was pulled. We break down whether this is a healthy correction or the start of an AI bubble popping, and why private credit and mega-IPOs put everyday investors at risk.

Next, OpenAI says Iran-linked operatives used ChatGPT to invent fake Western journalists and got nearly 100 propaganda pieces published in U.S. outlets. That leads into the dead internet theory and how we verify what’s real online. Then the Trump administration freezes green card access for Microsoft and seven other major H-1B employers, and we debate what it means for American workers, foreign talent, and housing.

We also cover the pro-Palestinian backlash against Mayor Zohran Mamdani after the October 7th memorial, Pete Hegseth’s plan to live stream an execution by firing squad, and Palmer Luckey’s idea of using oxytocin to save marriages. We wrap with your Super Chats on global debt, the yen carry trade, and wage parity for H-1B workers.

Note: This episode contains opinion and commentary on developing stories, including AI market valuations, foreign influence operations, immigration policy, the Israel-Palestine conflict, and capital punishment. Views expressed are the hosts’ own, and some claims discussed remain contested or unconfirmed.

CHAPTERS
00:00 Intro
01:17 One OpenAI misstep just cost the market $370B
21:48 Iran’s been using AI to fake American journalists
43:54 Trump’s shocking move to protect American workers
1:02:01 The Mamdani backlash gets insane
1:18:12 America rediscovers its medieval roots
1:27:42 Palmer Luckey wants to drug us into staying in love
1:33:28 Super Chats

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