Nasdaq Tumbles After FT Reports OpenAI Revenues Disappointing
...and just like that, the massive AI CapEx boom narrative is in doubt...
The Financial Times reports that OpenAI’s annualised revenue is about $20bn less than has been previously signalled, according to financial documents shared with investors, a massive gap likely to damp optimism about the growth of AI demand.
The company has recently told investors its revenues were approaching $50bn on an annualized basis at the end of September, far short of the $70bn reported by the FT and other media outlets late last month based on information that was provided to investors.
The most immediate reaction was in Nasdaq which tumbled over 1%...
The Broad AI basket is getting whacked...
Who could have seen that coming with Token Costs plumbing new lows?
That's ok, OpenAI only has $1.5 trillion in commitments to... checks circular financing diagram... EVERYONE...
How long before the spins and denials?
Tyler Durden Thu, 10/08/2026 - 13:00
Continue reading...
[ H/T ZeroHedge ]
...and just like that, the massive AI CapEx boom narrative is in doubt...
The Financial Times reports that OpenAI’s annualised revenue is about $20bn less than has been previously signalled, according to financial documents shared with investors, a massive gap likely to damp optimism about the growth of AI demand.
The company has recently told investors its revenues were approaching $50bn on an annualized basis at the end of September, far short of the $70bn reported by the FT and other media outlets late last month based on information that was provided to investors.
The most immediate reaction was in Nasdaq which tumbled over 1%...
The Broad AI basket is getting whacked...
Who could have seen that coming with Token Costs plumbing new lows?
That's ok, OpenAI only has $1.5 trillion in commitments to... checks circular financing diagram... EVERYONE...
How long before the spins and denials?
Tyler Durden Thu, 10/08/2026 - 13:00
Continue reading...
[ H/T ZeroHedge ]
