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AI stocks including Nvidia and Oracle fell 3%-8% after OpenAI reported $50 billion in annualized revenue by September 30, down from previously cited $68 billion. The revised figure, confirmed by CNBC, raised investor concerns about slower-than-expected AI adoption.
OpenAI disclosed its annualized revenue reached roughly $50 billion by September 30, according to CNBC, which is lower than the earlier $68 billion figure that included gross revenue from partners. The Financial Times first reported the $50 billion figure, which OpenAI said reflects 77% total run rate growth and 107% enterprise business growth in its third quarter. The revenue revision triggered declines in AI stocks, with Nvidia shares falling 3%, Oracle nearly 6%, and CoreWeave nearly 8% on Thursday. Other companies like AMD, Broadcom, Intel, and Super Micro Computer also saw drops between 4% and 5%.
The revised revenue figure has shaken investor confidence in AI sector growth, as the $50 billion annualized revenue contrasts with earlier projections. Analysts suggest the report may signal slower market adoption of OpenAI's technologies, pressuring AI infrastructure providers to demonstrate clearer value propositions. The comparison to Anthropic highlights competitive dynamics in the sector, though OpenAI’s revenue methodology and partner contributions remain under scrutiny.
Direct stakeholders, including Nvidia, Oracle, and CoreWeave, faced immediate share price declines due to revised revenue expectations. Indirect stakeholders, such as investors in AI-related equities, may see broader market sentiment shifts toward AI infrastructure and enterprise adoption. Risks include potential challenges to the $50 billion figure if OpenAI’s revenue methodology or partner contributions are questioned, which could dampen investor appetite for AI-related equities.
The report leaves unresolved questions about the accuracy of the $50 billion figure and its implications for OpenAI’s competitive positioning. Investors will watch closely for clarity on revenue calculations and how the revised numbers affect long-term growth prospects in the AI sector.
Sam Altman, CEO of OpenAI, is scheduled to speak at the AI company's developer conference on Sept. 29, 2026.
OpenAI's revised revenue report triggered declines in AI stocks, reflecting investor skepticism about growth prospects. The accuracy of the $50 billion figure and its implications for competitive positioning remain key uncertainties.
Topics: AI, Stocks, OpenAI, Revenue Report, AI Sector, Tech Stocks, Market Sentiment, Enterprise AI
#AIStocks #OpenAIRevenue #TechMarket #NvidiaShares #OracleDrop #AIInfrastructure
Source: CNBC
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