On November 6 (local time), a comment from OpenAI's Chief Financial Officer sparked a misinterpretation, suggesting that "AI behemoths require government backstops." This fueled mounting fears of an AI bubble in the market, triggering a widespread sell-off in U.S. tech stocks. In a single day, the combined market capitalization of six leading tech giants and numerous computing power suppliers plummeted by nearly $500 billion. Promptly, OpenAI executives issued clarifications, stating they had not sought government guarantees, which led to a partial rebound in the affected stocks.
