AI Stocks Including Nvidia and Oracle Fall on OpenAI Revenue News

Published on 10/8/2026 · Source: cnbc.com

AI Summary

Summarized by AI from the source below

Shares of Nvidia (NVDA), Oracle (ORCL), CoreWeave, and other AI companies fell after OpenAI reported a $50 billion annualized revenue. This figure, confirmed by CNBC, is lower than the previously estimated $68 billion, which included gross revenue from OpenAI's partners. The recent investor presentation also revealed OpenAI's 77% total run rate growth and 107% growth for its enterprise business in the third quarter. On the market, Nvidia shares dropped 3%, Oracle shares declined by 6%, and CoreWeave shares slipped 8%. Additionally, Advanced Micro Devices, Broadcom, Intel, and Super Micro Computer also saw declines ranging from 5% to 6% during intraday trading on Thursday. OpenAI is working to justify its $852 billion valuation as it prepares for a potential IPO in 2027, competing with Anthropic, which recently reported a $65 billion run rate and is seeking a $2 trillion valuation. These developments highlight the significant financial scrutiny these AI companies are under as they prepare for major financial milestones. Investors should consider the volatility in AI stocks driven by high-stakes financial reports and valuation pressures.

Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.

Our take

Opinion from the Newsstocks AI desk, not investment advice

In our view, the lower-than-expected revenue from OpenAI has created downward pressure on AI stocks like Nvidia and Oracle. The financial scrutiny is significant as these companies prepare for potential IPOs, which could further impact market sentiment.

Key numbers

OpenAI Annualized Revenue: $50 billion
OpenAI Previous Estimated Revenue: $68 billion
Nvidia Share Decline: 3%
Oracle Share Decline: 6%

What could hurt

OpenAI must justify its $852 billion valuation amid slower revenue growth than expected.

What to watch next

OpenAI is preparing for an IPO expected in 2027.

The background

Annualized revenue shows what a company might earn over a year. An IPO is when a company first sells its shares to the public.

Questions readers ask

Why did Nvidia and Oracle stocks fall?

Shares of Nvidia and Oracle fell after OpenAI reported a $50 billion annualized revenue, which was lower than expected.

What was OpenAI's reported revenue?

OpenAI reported an annualized revenue of $50 billion, lower than the previously estimated $68 billion.

Is OpenAI planning an IPO?

Yes, OpenAI is gearing up for a potential IPO expected in 2027.

About NVIDIA Corporation (NVDA)

Nvidia designs the graphics and AI accelerator chips that power gaming, data centers, and the generative-AI boom, making it a bellwether for the semiconductor industry.

The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.