# OpenAI Revenue Drop Slows Tech Stocks

> OpenAI's revenue fall and high yields drag Nasdaq lower as AI market concerns rise.
- Title: OpenAI Revenue Drop Slows Tech Stocks · The Economic Times
- Summary: OpenAI's revenue fall and high yields drag Nasdaq lower as AI market concerns rise. OpenAI's reported revenue shortfall and rising Treasury yields pressured…
- Keywords: openai, nasdaq, tech stocks, treasury yield, us midterm elections, ai sustainability, money, business, Revenue, Drop, Slows, Tech
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/us-stocks/wall-street-guide/tech-stocks-drag-nasdaq-lower-on-report-of-openai-revenue-fall-high-yields/articleshow/134800145.cms
- Published: 2026-10-08T19:56:00+00:00
- Read time: 1 min
- Topics: openai, nasdaq, tech stocks, treasury yield, us midterm elections, ai sustainability, money, business
## OpenAI revenue concerns
Megacap technology stocks dragged US equity indexes lower as concerns grew that OpenAI’s revenue could disappoint investors already questioning the sustainability of the AI boom.
## OpenAI revenue report
The Financial Times reported that ChatGPT-maker OpenAI’s annualised revenue was $20 billion below the amount it had previously indicated.
## Nasdaq decline
The Nasdaq 100 fell 1.9%, while the S&P 500 declined 0.9% as of 1:26 p.m. in New York.
## Treasury yield rise
The yield on the 10-year Treasury rose to 5.3%, weighing on rate-sensitive stocks as renewed energy-supply risks reinforced expectations that borrowing costs could remain high.
## Energy supply risks
Renewed concerns about global energy supplies further weakened market sentiment. Oil prices rose after a report said the White House had asked the Pentagon to prepare possible military-strike options against Iran that could be executed before the midterm elections.
## Hurricane Isaias
Hurricane Isaias was also developing in the Gulf, adding to fears of potential disruptions to energy production and transportation.
## Federal Reserve comments
Hawkish comments from Federal Reserve Governor Christopher Waller added to the pressure. Waller said further interest-rate increases would probably be required to bring inflation under control, although policymakers had flexibility over the timing and did not necessarily need to raise rates at consecutive meetings.
## Key takeaway

OpenAI's reported revenue shortfall and rising Treasury yields pressured tech stocks, causing Nasdaq to drop 1.9% as investors questioned AI sustainability.