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Nvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report

CNBCView source article

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OpenAI's annualized revenue reported at $50 billion, $20 billion below previous estimates

Financial documents shared with investors show OpenAI's annualized revenue is approximately $50 billion, about $20 billion less than previously signaled, according to the Financial Times. The report triggered a sell-off in AI-related stocks including Nvidia, Oracle, and CoreWeave.

Oct 8, 2026·5 sourcesAICompute, chips & AI infrastructureOpenAIFinancial tiesAI startups
OpenAI's annualized revenue reported at $50 billion, $20 billion below previous estimates
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Other sources for this story

Financial Times

FirstFT: OpenAI’s $20bn annualised revenue gap

Reuters

OpenAI's annualized revenue $20 billion less than previously signaled, FT reports | Reuters

Axios

OpenAI annualized revenue $20 billion less than previously reported

SiliconANGLE

AI stocks crumble on report that OpenAI's annualized revenue is much lower than previously believed - SiliconANGLE