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On October 8, the Financial Times reported that OpenAI’s annualized revenue was about $50 billion, roughly $20 billion below figures widely reported in September. AI stocks sold off. Nvidia Corporation (NASDAQ:NVDA) dropped about 3%, erasing roughly $170 billion in value, while Broadcom Inc. (NASDAQ:AVGO) fell more…
AMD closed 6.36% below its record after a report put OpenAI’s annualized revenue about $20 billion below circulating figures. Management says its AI business is concentrated, and OpenAI’s warrant now hinges mainly on deliveries.
AI euphoria just met a reality check after fresh OpenAI figures suggested annualised net revenue is closer to US$50b than the widely cited US$70b, and the sharp pullback in AI linked stocks showed how quickly confidence can swing. For investors who care about information, price discovery and transparency, that wobble…