# AI stocks tumble after OpenAI revenue report

> OpenAI's reported revenue falls $20bn below expectations, sending AI stocks into crisis.
- Title: AI stocks tumble after OpenAI revenue report · SiliconANGLE
- Summary: OpenAI's reported revenue falls $20bn below expectations, sending AI stocks into crisis. OpenAI's annualized revenue is $50bn instead of $68bn, causing tech…
- Keywords: openai, ai stocks, revenue report, nasdaq, s&p 500, tech stocks, ai valuation, anthropic, ipo, technology, enterprise, stocks
- Source: SiliconANGLE — https://siliconangle.com/2026/10/08/ai-stocks-crumble-on-report-that-openais-annualized-revenue-is-much-lower-than-previously-believed
- Author: Mike Wheatley
- Published: 2026-10-09T00:44:27+00:00
- Read time: 1 min
- Topics: openai, ai stocks, revenue report, nasdaq, s&p 500, tech stocks, ai valuation, anthropic, ipo, technology, enterprise
## OpenAI revenue report
OpenAI's annualized revenue is $50 billion, far below the $68 billion previously reported.

> OpenAI recently told prospective investors that its annualized revenue was approaching $50 billion
## Investor reaction
Tech stocks fell 1.25% as Nasdaq hit worst single-day performance since mid-August.

> The nasdaq index fell 1.25% today, its worst single-day performance since mid-august
## Revenue discrepancy
The $50 billion figure excludes partner revenue, unlike the $68 billion figure.

> The previously reported $68 billion figure included gross revenue from openai's partners
## Tech stock drops
Oracle fell 5.5%, Intel 5.3%, Nvidia 2.9% and CoreWeave 8% in trading.

> Oracle Corp., which has significant contracts with openai, fell 5.5% in trading today
## AI valuation pressure
OpenAI faces pressure to justify $852 billion valuation ahead of 2027 IPO.

> Openai is facing immense pressure to justify its most recent valuation of eight hundred fifty-two billion dollars
## Anthropic's situation
Anthropic reportedly seeks $2 trillion valuation for 2026 IPO with $4.6 billion revenue.

> Anthropic generated a mere $4.6 billion in revenue in 2025
## Investor concerns
Analysts warn AI companies need more funding as revenue gaps threaten business viability.

> Holger Mueller, an analyst with constellations research, said ai companies need massive funding and it's still not clear how much is actually going to be required
## Key takeaway

OpenAI's annualized revenue is $50bn instead of $68bn, causing tech stocks to drop sharply as investors question AI's financial viability.