Nvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report
- ID
- 33339
- Status
- summarized
- Published
- 09 Oct 2026, 5:19 AM
- Fetched
- 09 Oct 2026, 5:32 AM
- Provider
- CNBC Technology
- Category
- technology
- Original URL
- https://www.cnbc.com/2026/10/08/open-ai-revenue-nvidia-oracle-coreweave.html
- Source URL
- https://www.cnbc.com/id/19854910/device/rss/rss.html
Summary
- Score
- 4.5
- Created
- 09 Oct 2026, 5:32 AM
- Tags
- Audience
- saas_startup_foundersai_ml_learners
What happened
CNBC confirmed OpenAI told investors it reached roughly $50 billion in annualized revenue at the end of September, lower than the $68 billion figure widely reported late last month. A person familiar said the $68 billion included gross revenue from OpenAI's partners, which helps investors compare directly with Anthropic. Nvidia, Oracle, CoreWeave, and other AI stocks sank Thursday after the market learned the details, with the Financial Times first reporting the $50 billion figure.
Why it matters
For founders raising or selling AI products, this is a concrete reminder that headline AI revenue can include partner gross revenue, so the $68 billion figure is not directly comparable to OpenAI's own $50 billion. Before using AI-market hype as a proxy for enterprise demand, separate platform revenue from partner pass-through.
Discussion angle
What should count as OpenAI's revenue: its own $50 billion annualized or the $68 billion including partner gross revenue? Use this to discuss how builders and founders should read AI vendor revenue claims when comparing OpenAI and Anthropic.