AICNBC1h ago
OpenAI found a new way to buy the future
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
TL;DROpenAI's revenue estimate dropped $20B, triggering selloff in AI infrastructure stocks.
Why it matters: Lower OpenAI revenue suggests weaker AI monetization, questioning the sector's growth narrative and valuations.
Shares of Nvidia, Oracle, CoreWeave and other artificial intelligence names sank lower on Thursday after the market learned more details about OpenAI's revenue.
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