AI Stocks Decline Following OpenAI's Revised Revenue Figures

Oct 8, 2026

AI Summary

Shares of Nvidia, Oracle, and CoreWeave fell after OpenAI reported an annualized revenue of approximately $50 billion, significantly lower than the previously reported $68 billion. This adjustment raises concerns about OpenAI's valuation and its upcoming IPO plans.

OpenAI reported an annualized revenue of about $50 billion, down from the previously reported $68 billion.
The $68 billion figure included gross revenue from OpenAI's partners, affecting comparisons with competitors like Anthropic.
OpenAI's investor presentation highlighted a 77% total run rate growth and 107% growth in its enterprise business during the third quarter.
The company is preparing for a potential IPO in 2027 and is under pressure to justify its $852 billion valuation.
OpenAI is also in discussions for a new funding round, potentially raising around $30 billion, although details are not finalized.
The company had previously closed a $122 billion funding round in March and remains well capitalized, according to its CFO.

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AI Stocks Decline Following OpenAI's Revised Revenue Figures

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