The Financial Times reported that OpenAI told investors its annualized revenue was reaching $50 billion toward the end of September, $20 billion short of the $70 billion it had previously projected, according to MarketWatch. Shares of Micron, Nvidia and other artificial-intelligence chip makers fell hard on Thursday on the report; MarketWatch noted analysts attribute the gap to differences in how the figure is reported rather than weakness in AI demand. The article is paywalled beyond its first two paragraphs, so specific share moves and analyst quotes could not be read from the article text.
OpenAI revenue shortfall report dents chip stocks
Shares of Micron, Nvidia and other AI chipmakers fell hard Thursday after the Financial Times reported OpenAI's annualized revenue is $20 billion below what it previously projected.
Why it matters: The revenue gap reopens the question of whether AI economics can carry the chip and data-center buildout, and it hit the sector's bellwethers in a single session.
Data as of MarketWatch article by Britney Nguyen, October 8, 2026, 6:08pm ET; first two paragraphs read, remainder behind a subscription wall. The FT's underlying report was not independently opened. Single-sourced.
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- Micron, Nvidia and AI chip stocks fall as report on OpenAI's revenue causes 'undue concern' · MarketWatch · 2026-10-08