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● LIVE Updated 3h ago · 14 sources tracked

Tech stocks drop after report that OpenAI’s revenue is lower than expected

Tech stocks, including Nvidia, Oracle, and Micron, fell after reports that OpenAI's annualized revenue is $20 billion less than previously expected. OpenAI's annualized revenue is around $50 billion, not $70 billion as investors had been led to believe. This discrepancy caused 'undue concern' among investors, leading to a sell-off in AI-related stocks.

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  • ✓ OpenAI's annualized revenue is around $50 billion.
  • ✓ OpenAI's annualized revenue is $20 billion less than previously expected.
  • ✓ Tech stocks, including Nvidia, Oracle, and Micron, fell after the report.
🛡️ Source Corroboration: 14 independent reporting domains (85% confidence) ⏱ Read time: ~2 min

What changed

The Financial Times reported that OpenAI's annualized revenue is $20 billion less than previously signaled, causing a stock market reaction.

Live updates

  1. Tech stocks drop on OpenAI revenue report

    Tech stocks, including Nvidia, Oracle, and Micron, fell after reports that OpenAI's annualized revenue is $20 billion less than previously expected. OpenAI's annualized revenue is around $50 billion, not $70 billion as investors had been led to believe. This discrepancy caused 'undue concern' among investors, leading to a sell-off in AI-related stocks.

    Why it matters

    The AI industry has been growing rapidly, with investors closely watching the financial performance of key players like OpenAI. The company's revenue projections have been a subject of interest, with some analysts expecting it to reach $70 billion by the end of 2026. The recent report highlighting the gap between expected and actual revenue has raised questions about the solidity of the AI business model.

    What is confirmed

    • OpenAI's annualized revenue is around $50 billion.
    • OpenAI's annualized revenue is $20 billion less than previously expected.
    • Tech stocks, including Nvidia, Oracle, and Micron, fell after the report.

    Still unconfirmed

    • OpenAI expects to hit or top $70 billion in annualized revenue by the end of 2026.

    What to watch next

    • OpenAI's official revenue announcement
    • Investor reactions to the revenue report
    • Future projections for OpenAI's revenue growth
    Sources used for this update (15)
    1. Financial Times — OpenAI annualised revenues $20bn less than previously signalled
    2. CNN — Tech stocks drop after report that OpenAI’s revenue is lower than expected
    3. www.cnn.com — Tech stocks drop after report that OpenAI’s revenue is lower ...
    4. Reuters — Tech stocks struggle on AI spending worries, elevated yields
    5. Yahoo Finance — OpenAI Expects $70 Billion in Annualized Revenue by End of 2026
    6. MarketWatch — Micron, Nvidia and AI chip stocks fall as report on OpenAI’s revenue causes ‘undue concern’
    7. CNBC — CNBC Daily Open: What happened to the $20 billion?
    8. economictimes.indiatimes.com — Tech stock crash after OpenAI revenue $50 billion: OpenAI revenue shock sends Nvidia, Oracle and CoreWeav....
    9. Bloomberg.com — 'Black Box' Revenue From Anthropic and OpenAI Stumps Traders
    10. www.cnbc.com — Nvidia, Oracle, other AI stocks sink on OpenAI revenue report
    11. coincentral.com — Nvidia (NVDA) Stock: Financial Times Reports Talks to Acquire Reflection AI
    12. finance.yahoo.com — OpenAI revenue gap report rattles AI stocks - Yahoo Finance
    confidence 85%
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