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Photo: Quartz via Yahoo Finance

Nasdaq Falls 1.25% on OpenAI Revenue Shortfall

Bloomberg2 min read5 sources

Why did the Nasdaq fall 1.25%?

Nasdaq Composite (^IXIC) fell 1.25% to 27,193.34 on Thursday after OpenAI said its annualized revenue is near $50 billion, not the $68 billion widely reported, hitting AI stocks.

Key numbers

OpenAI annualized revenue~$50Bvs $68B widely reported
Nasdaq Composite close27,193.34-1.25%
Oracle (ORCL)-5.5%1-day move, Oct 8
Intel (INTC)-5.3%1-day move, Oct 8
Nvidia (NVDA)$230.48-2.94%
OpenAI Q3 sales-pace growth77%per OpenAI, via Quartz

What happened

Nasdaq Composite (^IXIC) fell 1.25% to 27,193.34 on Thursday after OpenAI said its annualized revenue is near $50 billion, not the $68 billion widely reported, hitting AI stocks. Oracle fell 5.5% and Intel 5.3%, while Nvidia lost 2.9%. The Nasdaq 100, a narrower index of the biggest Nasdaq companies, had its worst one-day drop in seven weeks. Annualized revenue means recent sales scaled up to a full year, and the gap mostly comes from accounting: the higher figure counted partner sales that OpenAI leaves out. The Nasdaq regained 0.6% on Friday.

Why it matters

OpenAI's revenue matters because many tech companies and investors have bet heavily on its growth. Oracle and chip makers sell the computing power and chips behind AI, so doubts about OpenAI quickly hit their shares. The gap looks like a counting difference rather than weaker demand, and OpenAI still reports 77% growth in its sales pace in the third quarter. It shows how sensitive markets are to AI numbers.

Who this affects

Marketbearish
Medium impact
Tech investors lose as AI-linked stocks fall; Nasdaq dipped 1.25%.
Companybearish
Medium impact
OpenAI faces tougher investor questions as it seeks funding.
Competitorsbearish
Medium impact
Oracle, Intel, Nvidia and AMD shareholders lose on the day.
Industrymixed
Medium impact
AI suppliers face doubts over how fast spending grows.

Nasdaq Composite vs S&P 500, Dow Jones

Nasdaq Composite^IXIC27,366.17-1.25%+0.6%+0.6%
S&P 500^GSPC7,811.54-0.47%+0.6%+1.2%
Dow Jones Industrial Average^DJI51,654.95+0.1%+0.8%+0.9%

As of 2026-10-09

How we got here

  1. FT reports OpenAI told investors annualized revenue is near $50B, about $20B below prior estimates.

  2. Sources differ on the earlier figure: TechCrunch cites $70B, Quartz cites $68B; both describe the same gap.

  3. Nasdaq Composite closes down 1.25%; Nasdaq 100 posts its worst day in seven weeks.

  4. Nasdaq rebounds 0.6% to 27,366.17, ending the week up 0.6%.

What to watch

  • OpenAI's reported $30B funding round, which tests investor appetite at the corrected revenue figure (per)Q4 2026
  • OpenAI's planned IPO, reported as delayed to early 2027 (per)Q1 2027

Educational content only. Not investment advice.

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