U.S. stocks remained under pressure on Thursday as higher oil prices and elevated bond yields weighed on sentiment. CNBC said selling intensified after a Financial Times report suggested OpenAI’s annualized revenue run rate was well below what investors had previously expected.
Technology and AI-linked names were among the biggest losers. Shares of Oracle, Broadcom, Intel and Micron moved lower, while the Nasdaq Composite fell more than 1%. At the same time, yields on 10-year and 30-year U.S. Treasurys eased somewhat during the session.
CNBC Investing Club also highlighted Starbucks. Fresh data from consumer-insights firm HundredX showed Starbucks was the only chain in a peer group including Dunkin', Dutch Bros and 7 Brew to post rising future purchase intent among customers in recent months.
According to HundredX CEO Rob Pace, the findings were based on feedback from 29,000 customers of Starbucks and the three peer chains. He said Starbucks had improved relative scores across taste, speed, quality and brand trust, while price remained its biggest relative weakness.
CNBC viewed the data as further evidence that Starbucks’ turnaround is gaining traction, even though the stock has been under pressure in recent weeks amid concerns about consumer health. At the same time, as reflected in the article’s headline, Chipotle shares were hit by a takeover report.
