Business · Markets · 3 days ago
AI stocks fall after OpenAI reports about $50 billion in annualized revenue
OpenAI told investors it was earning revenue at an annual pace of about $50 billion.
That was below earlier reports of $68 billion to $70 billion, which included revenue from partners.
The different ways of counting mean the figures are not directly comparable.
Investors sold shares in companies tied to AI, including Nvidia and Oracle, amid concerns about demand and the huge cost of building AI systems.
OpenAI told investors its annualized revenue was nearing $50 billion, below figures of $68 billion to $70 billion previously reported by media.
The revenue report was followed by declines in AI-related stocks, including Nvidia, Oracle and Intel.
The Nasdaq Composite fell 1.25%, while the S&P 500 fell 0.5%.
A source familiar with OpenAI’s figures said the higher estimate included gross revenue from partners, while OpenAI’s figure was based on net revenue.
Investors are weighing whether AI demand can support the industry’s high spending and company valuations.
- Who
- OpenAI and investors in AI-related companies.
- What
- OpenAI reported annualized revenue of about $50 billion, and technology and AI stocks fell.
- When
- Thursday, October 8, 2026.
- Where
- The United States stock market.
- Why
- The revenue figure was lower than previously reported estimates, prompting concern about AI demand and spending.
This story does not have two clearly opposing sides.
There are going to be tremors throughout all of the related sub-industries
This has become a much narrower market that’s dependent on the AI names to keep it afloat
OpenAI told investors its annualized revenue was roughly $50 billion.
The Financial Times report on OpenAI’s revenue figure was published.
AI-related stocks and major US stock indexes fell.
- OpenAI annualized revenue
- About $50 billion
- Earlier reported estimates
- $68 billion in CNBC; $70 billion in CNN
- Nasdaq Composite
- Fell 1.25%
- S&P 500
- Fell 0.5%
- Nvidia shares
- Fell 2.9% in CNN; 3% in CNBC
Sources
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