S&P 500 Technology: 75% of stocks reclaim above the 200-day moving average; historical averages suggest a potential upside of up to 33.4% over the coming year
On August 14, 75% of the stocks in the S&P 500 Technology sector closed above the 200-day moving average for the first time since October 2024. This marked the first time the sector touched that threshold in 2024. The move ended a prolonged stretch of weakness lasting 219 trading days. It is the ninth-longest downturn of its kind on record. Historically, the longest such period lasted as long as 759 trading days, ending after the dot-com bubble burst on April 22, 2003. Based on historical data, after these extended periods of weakness end, the technology sector has typically risen by an average of 2.5% over the following one month, 7.3% over the next three months, 15.5% over the next six months, and a remarkable 33.4% over the next twelve months.
The road is long and arduous, and I will go up and down in search of it. I am not afraid of wind and rain; I quietly wait for the blossoms to bloom. The future is all worth looking forward to ✨
On August 13, citing sources familiar with the matter, Bloomberg reported that OpenAI’s current annualized revenue has exceeded $40 billion, doubling compared with the end of 2025, laying a more solid foundation for its upcoming IPO.
The core drivers behind this growth are AI programming software, subscription sales, and a just-starting advertising business, while its core consumer business also continues to expand.
In an internal memo, Greg Brockman, OpenAI’s co-founder and president, revealed that the company’s annualized revenue grew by more than 20% month-over-month in July.
Earlier, OpenAI’s CFO Sarah Friar said that by the end of last year, the company’s annualized revenue had already exceeded $20 billion.
Revenue doubles as demand for AI Agents surges
One of the key drivers of recent growth is strong demand from enterprise customers for AI Agents.
Codex, OpenAI’s programming-focused product, and ChatGPT Work, which is designed for a wide range of tasks, have both seen a noticeable increase in demand.
At the same time, the company has reduced pricing for some models to more effectively compete in the price-sensitive customer market against Anthropic and a host of open-source model rivals.
On the same day, OpenAI announced the appointment of a new Chief Revenue Officer—this is the second time the company has changed that role in less than a year. The new hire comes from the cybersecurity industry, with the goal of accelerating enterprise sales growth.
The competitive landscape with Anthropic
OpenAI is currently engaged in an intense contest for enterprise customers with Anthropic.
Once seen as the challenger, Anthropic has gradually opened up the market with a series of AI products, including programming tools, and in May of this year announced that its annualized revenue has surpassed $47 billion. There may be differences in how the two companies calculate and report annualized revenue.
Both companies have filed confidential IPO registration documents. According to reports, Anthropic is expected to be the first to list, as early as this fall—ahead of OpenAI in terms of timing.
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🔥Breaking news!🔥 🔥CZ confirms attendance to speak at the 2026 Bitcoin Asia Conference The conference is scheduled for August 27–28 in Hong Kong. It is also the largest Bitcoin industry event in Asia. High-profile guests are set to attend and boost market expectations—an important catalyst for the $BNB ecosystem. The market trend is definitely worth close attention 🚀 #BinanceLife #BNB #香港Web3
This might be the most worth-discussing question in the crypto market today.
The US inflation data released relatively mild signals, but $BTC is still ranging around $63K–$64K, and the market hasn’t seen the kind of strong breakout that many people were expecting.
What’s even more interesting is:
😨 Binance Square Fear and Greed Index: 38 — Fear
So, while macro news has improved, market sentiment remains cautious.
This is why I’m paying closer attention to the three truly important signals ahead:
🔹 Can BTC break back above $65K? 🔹 Can ETH show independent strength and move higher on its own? 🔹 When will capital genuinely start flowing back into Altcoins?
Sometimes, what’s most worth watching in the market isn’t “good news.”
But—
After good news appears, why doesn’t the price go up?
If a market can’t rise in response to good news, we need to stay cautious.
But on the other hand, if BTC is able to hold key support even when sentiment is weak, it could also mean that selling pressure is gradually being absorbed.