StocksMediumUpdated•Originally published 8 October 2026•Updated 8 October 2026•
1 min read
Nasdaq Tumbles as OpenAI Revenue Misses Expectations
Key Facts
1The Financial Times reported OpenAI’s annualized revenue is approximately $50bn, significantly lower than the $70bn previously signaled to investors.
2The Nasdaq tumbled over 1% while Oracle shares dropped 5% following the revenue reports.
OpenAI’s annualized revenue reached approximately $50bn, falling significantly short of the $70bn previously signaled to investors. The Financial Times reported that this revenue gap has dampened optimism regarding AI demand, causing the Nasdaq index to tumble by more than 1%.
Semiconductor and AI infrastructure stocks fell sharply, with Coherent dropping 9.63% and Astera Labs sliding 9.21%. Conversely, Apple bucked the trend by rising 1.12% to close at $340.61 on October 8, 2026, while Oracle closed at $143.56 and Microsoft at $529.76 on October 7, 2026.