AI infrastructure stocks fall after OpenAI puts annualized revenue near $50 billion

OpenAI told investors its annualized revenue was about $50 billion at the end of September, below the roughly $68 billion to $70 billion figure that had circulated in late September. CoreWeave, Nvidia and Oracle shares fell on the update. A person familiar with the matter said the higher figure counted partner revenue, which makes $50 billion the more direct comparison with rivals.

• OpenAI annualized revenue about $50B at the end of September
• Earlier figure circulating in late September: about $68B to $70B
• CoreWeave, Nvidia and Oracle shares fell on the report