Nvidia, Oracle, CoreWeave and other AI stocks declined following a CNBC report that OpenAI told investors it reached roughly $50 billion in annualized revenue at the end of September.
Key facts
- Nvidia, Oracle, CoreWeave and other AI stocks sank, according to CNBC.
- OpenAI told investors it hit roughly $50 billion in annualized revenue at the end of September.
- CNBC confirmed the revenue figure.
- The report was published on October 8, 2026.
Shares in several AI-linked companies fell after a report about OpenAI’s revenue, according to CNBC. The outlet named Nvidia, Oracle and CoreWeave among the stocks that declined.
CNBC confirmed that OpenAI has told investors it hit roughly $50 billion in annualized revenue at the end of September. The figure was shared with investors, according to the report.
The movement in the stocks came as the market digested the OpenAI revenue report, per CNBC’s coverage published on October 8, 2026.
Nvidia, Oracle and CoreWeave are among the companies closely tied to the broader artificial intelligence sector, and CNBC grouped them together as names affected in its report.
The source material does not detail the size of the stock declines or the specific reasons investors reacted to the revenue figure. It confirms the companies named and the reported annualized revenue total for OpenAI.
Why it matters
AI-related companies have become central to recent market activity, so moves in major names like Nvidia and Oracle can ripple across the broader market. A revenue figure from OpenAI, a leading player in the sector, offers a reference point investors use to gauge the health and trajectory of the AI boom.
Frequently asked questions
How much revenue did OpenAI report?
According to CNBC, OpenAI told investors it hit roughly $50 billion in annualized revenue at the end of September.
Which stocks fell?
CNBC named Nvidia, Oracle, CoreWeave and other AI stocks as declining following the report.
When was the report published?
CNBC published the report on October 8, 2026.