Nvidia, Oracle, CoreWeave, and other AI stocks fell after a report that OpenAI's annualized revenue at September's end was $20B less than previously reported (CNBC)
The selloff followed a lower OpenAI revenue run-rate figure than investors had been using.
Techmeme cites CNBC saying Nvidia, Oracle, CoreWeave and other AI-linked stocks fell after reporting around OpenAI’s annualized revenue. The note points to a Financial Times report that OpenAI told investors its run rate was nearing $50 billion at the end of September, not the roughly $70 billion figure previously reported from investor documents. Related coverage framed the move as confusion or disappointment around OpenAI’s revenue estimate. Techmeme's note
Techmeme cites CNBC saying Nvidia, Oracle, CoreWeave and other AI-linked stocks fell after reporting around OpenAI’s annualized revenue. The note points to a Financial Times report that OpenAI told investors its run rate was nearing $50 billion at the end of September, not the roughly $70 billion figure previously reported from investor documents. Related coverage framed the move as confusion or disappointment around OpenAI’s revenue estimate. Techmeme's note
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