Asian Stocks Mixed as OpenAI Revenue Concerns Hit Chipmakers

Asian stock markets traded unevenly on Friday as semiconductor shares declined following fresh concerns about OpenAI’s revenue outlook, while rising oil prices and volatile bond markets weighed on investor sentiment. The mixed performance followed losses on Wall Street, where the Nasdaq Composite dropped 1.3% on Thursday amid selling pressure in technology and semiconductor stocks. However, U.S. stock futures edged higher during early Asian trading. Japan’s Nikkei 225 declined 0.6%, while the broader TOPIX remained largely unchanged. SoftBank Group, a major OpenAI investor, plunged 5%, reflecting concerns about artificial intelligence investment returns. Semiconductor-related companies also suffered, with Kioxia losing 4% and electronic components manufacturer Murata falling 5.3%. The weakness followed a Financial Times report indicating that OpenAI’s annualized revenue was approximately $20 billion below previously suggested levels.