Oracle (ORCL): Shares slip as OpenAI tells investors run rate is about $50B

OpenAI told investors its annualized revenue was about $50B at end-September, below the roughly $68-70B figure that had circulated. Oracle fell about 4.7% intraday on Oct 8. The gap looks like a counting difference, not a collapse. Oracle's OpenAI exposure is the focus.

Sources

• OfficeChai, Oracle drops 5%, NVIDIA, Microsoft also fall after report that OpenAI's revenue is lower than initially reported
• Digital Today, OpenAI revenue disclosure sends Nvidia, Oracle, CoreWeave AI stocks lower