OpenAI Revenue Miss Impacts AI Stocks, Nasdaq Down 1%

Published on 10/9/2026 · Source: cnbc.com

AI Summary

Summarized by AI from the source below

U.S. stock futures remained relatively stable on Thursday night following OpenAI's underwhelming revenue report. The S&P 500 futures rose 0.09%, Nasdaq 100 futures increased by 0.05%, and Dow Jones Industrial Average futures edged up by 23 points, equivalent to 0.04%. However, the AI sector saw significant negative movement, leading to a broader tech slump. Key AI stocks such as CoreWeave dropped over 7%, while Oracle, Intel, and Super Micro Computer each fell by around 5%. Advanced Micro Devices fell nearly 4%, and Nvidia decreased by almost 3% following OpenAI's announcement of $50 billion in annualized revenue, which was lower than the widely reported $68 billion figure which included partner revenues. As a result, the Nasdaq Composite fell by more than 1%, marking its largest one-day loss since mid-August, and the S&P 500 lost 0.5%. However, the Dow bucked the trend, closing slightly positive.

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Our take

Opinion from the Newsstocks AI desk, not investment advice

We think the disappointing revenue from OpenAI underscores potential overvaluation concerns in the AI sector. This has contributed to declines in tech and AI-related stocks, negatively impacting the Nasdaq. Continued monitoring of company earnings and sector-specific reports is advised to assess further implications.

Key numbers

OpenAI Annualized Revenue: $50 billion
Nasdaq Composite One-Day Loss: more than 1%

What could hurt

Kristina Hooper suggested further drops in AI stocks could sour investors.

What to watch next

Investors will monitor Delta Air Lines earnings before the bell on Friday.

The background

Revenue reports can indicate a company's financial health and influence stock performance. Major sector movements can impact broader indexes.

Questions readers ask

Why did AI stocks fall today?

AI stocks fell after OpenAI reported $50 billion in annualized revenue, which was less than the $68 billion figure previously reported. This led to concerns over potential overvaluation.