Is OpenAI Becoming AI's MySpace? Losses Balloon to $12.3 Billion | August 19, 2026 – Morning Market Briefing

Ben and Tom discuss OpenAI's second-quarter revenue growing just 18% quarter-over-quarter to $6.7 billion compared to Anthropic's 143% growth, with OpenAI's operating loss widening to $12.3 billion even as Anthropic turned a small profit, Analog Devices guiding to another strong quarter with data center demand accelerating alongside industrial and auto strength, Home Depot continuing to outexecute Lowe's while Target raised guidance on improving traffic, Estee Lauder rising 8% on strong fragrance and skincare growth, and rising Middle East tensions as Iran reportedly considers targeting US military sites in Europe and the UAE cuts economic ties with Tehran after a missile launch toward its territory.Join our live YouTube stream Monday through Friday at 8:30 AM EST:http://www.youtube.com/@TheMorningMarketBriefingPlease see disclosures:https://www.narwhal.com/disclosure