AI stocks fall after OpenAI revenue figure comes in below earlier reports

OpenAI told investors it reached roughly $50 billion in annualized revenue at the end of September, below the $68 billion figure widely reported last month.

Nvidia, Oracle, and CoreWeave shares fell on Thursday, with a person familiar saying the $68 billion figure included partner gross revenue. OpenAI is also weighing a possible funding round of around $30 billion and has not finalized a term sheet.