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Nvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report
Shares of Nvidia , Oracle , CoreWeave and other artificial intelligence names sank lower on Thursday after the market learned more details about OpenAI's revenue.
Summary
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 told investors that it hit roughly $50 billion in annualized revenue at the end of September, CNBC confirmed, lower than the the $68 billion figure that was widely reported late last month. A person familiar with the matter said the $68 billion figure included gross revenue from OpenAI's partners, which helps investors make a more direct comparison with its chief rival, Anthropic .
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