Nvidia, Oracle, CoreWeave, and other AI stocks fell after a report that OpenAI's annualized revenue at September's end was $20B less than previously reported (CNBC)
Shares of Nvidia, Oracle, CoreWeave and other artificial intelligence names sank lower on Thursday after the market learned more details about OpenAI's revenue.
OpenAI, the leading artificial intelligence lab, has reportedly revised its annualized revenue downward by $20 billion, according to the Financial Times. This new figure, which the company has shared with investors, now indicates that OpenAI is nearing $50 billion in annualized revenue, a significant drop from the previously projected $70 billion.
The discrepancy arises from the differing methods used by OpenAI and its rival Anthropic to calculate their annualized revenue. While Anthropic includes sales made by its cloud partners, OpenAI does not employ this approach. OpenAI's revised financials have raised concerns for the company, which has received a staggering $122 billion in funding during a single March funding round.
Earlier this year, OpenAI's leaked 2025 financials revealed a substantial expenditure, despite generating approximately $13 billion in revenue. The company's IPO, which was initially expected to occur this year, has now been postponed until early 2027.
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- OpenAI annualised revenues $20B less than previously signalled dev.to
- OpenAI’s revenue is reportedly $20 billion less than previously projected techcrunch.com
- OpenAI’s revenue run rate nears US$50 billion, less than reported financialpost.com
- OpenAI annualised revenues $20B less than previously signalled cnbc.com
- OpenAI annualised revenues $20bn less than previously signalled ft.com
