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OpenAI revenue estimate cut to near $50 billion, shaking AI stocks

Financial Times reporting put OpenAI's annualized revenue about $20 billion under earlier figures, prompting a selloff in AI shares and Korea's main index.

By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .

This story is no longer being updated. It reflects reporting up to .

What happened

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, with Nvidia dropping about 3 percent and erasing roughly $170 billion in value. South Korea's KOSPI fell 3 percent as Samsung and SK Hynix slid on OpenAI concerns.

Why it matters

The revised figure raises questions about OpenAI's IPO valuation and concern over Oracle's $300 billion contract and AI compute demand. Investors also said the gap reflects how revenue is counted rather than a drop in sales.

Timeline

  1. Oct 8: The Financial Times reported OpenAI's annualized revenue was about $50 billion, roughly $20 billion below earlier estimates.
  2. Oct 11, 9:40 PM ET: KOSPI fell 3 percent as semiconductor stocks slid on OpenAI concerns, with foreign investors net selling 566 billion won.
  3. Oct 12, 6:00 AM ET: Investors said the $20 billion gap reflected how revenue is counted rather than a drop in sales.

Coverage

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