Orderly Sentiment Stabilizes

The most likely near-term path is that investors treat the nearly 12% decline as a technical repricing after an overextended run rather than a fundamental break. OpenAI provides additional detail on the Dots rollout issues, and the pre-IPO contract stabilizes as buyers wait for evidence from enterprise deployments.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.