OpenAI, Arm and Qualcomm executives calm after Democratic midterm selloff
Business
After a major tech stock drop following the Democratic win in the midterm elections, executives from OpenAI, Arm, and Qualcomm are not panicking.
Arm's CEO called worries about data center investments just "very, very short term thinking," saying the US needs to keep building to stay ahead.
Tech executives stress long term plans
Qualcomm's CEO said the Qualcomm story is a little bit different.
OpenAI's CFO reassured that "We will never raise your electricity bill,".
Meanwhile, Box CEO Aaron Levie is doubling down on showing how AI can help people, while Lyft's CEO David Risher said, "we just had the biggest Halloween we've ever had," proving they are sticking to their long-term game plans despite market ups and downs.