Nvidia, Oracle, CoreWeave sink 3-8% Thursday after OpenAI reports $50B revenue—below widely-expected $68B figure that included partner gross revenue.

Nvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report

TechPublished Thu, Oct 8 20262:14 PM EDTUpdated 9 Min AgoKey PointsAI stocks, including Nvidia, Oracle and CoreWeave, sank 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 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 investor...