From CNBC · Ashley Capoot,Kate Rooney · · 1m 10s
AI stocks tumble as OpenAI revenue falls short
OpenAI's actual revenue of $50 billion is $18 billion lower than previously reported, sending Nvidia, Oracle and CoreWeave shares down.
In brief
OpenAI's actual revenue of $50 billion is $18 billion lower than previously reported, sending Nvidia, Oracle and CoreWeave shares down. Nvidia, Oracle and CoreWeave shares fell after OpenAI disclosed its annualized revenue was fifty billion dollars, not the sixty eight billion dollars widely reported. Originally…
OpenAI's real revenue number emerges
OpenAI told investors it hit roughly fifty billion dollars in annualized revenue at the end of September, lower than the sixty eight billion dollars figure widely reported last month.
The sixty eight billion included partner revenue
The sixty eight billion dollar figure included gross revenue from OpenAI's partners, which helps investors make a more direct comparison with its chief rival, Anthropic.
AI stocks sink on the lower number
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 eyes twenty twenty seven IPO
OpenAI is under pressure to justify its eight hundred fifty two billion dollar valuation as it gears up for what is widely expected to be a blockbuster IPO, with executives signaling a twenty twenty seven debut.
In short
Nvidia, Oracle and CoreWeave shares fell after OpenAI disclosed its annualized revenue was fifty billion dollars, not the sixty eight billion dollars widely reported.
