OpenAI revenue revision drags Nvidia, Oracle, and CoreWeave stocks down

economictimes.indiatimes.com —

OpenAI's annualized revenue reached about $50 billion at the end of September, nearly $20 billion below earlier reports, sending Nvidia, Oracle, and CoreWeave shares lower on Thursday. The roughly $20 billion difference stemmed from calculation methods, not lost sales. Investors had previously adjusted OpenAI's revenue to compare with Anthropic's figures, which include full cloud partner sales. Oracle fell over 5%, while the Nasdaq also declined. Despite the revised figure, OpenAI's revenue run rate grew more than 70% since the third quarter's start, with 107% growth in its enterprise segment, according to investor presentations.


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