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Home›US Markets›Sectors›AI stocks fall after OpenAI discloses $50 billion in a…

AI stocks fall after OpenAI discloses $50 billion in annualized revenue

Reported · Written up by our desk · Sectors

AI shares including Nvidia, Oracle, and CoreWeave fell after OpenAI disclosed a revenue milestone to investors, CNBC Markets reported.

According to CNBC, OpenAI said it reached roughly $50 billion in annualized revenue by the end of September.

CNBC World also confirmed the same figures, citing OpenAI’s update to investors.

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Sources

CNBC MarketsNvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report
CNBC WorldNvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report

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