Oracle falls about 5% as FT reports OpenAI annualized revenue near $50 billion

Oracle ORCL Microsoft NVIDIA

The Financial Times reported that OpenAI told investors its annualized revenue was close to $50 billion at the end of September, well below the roughly $70 billion figure reported in late September. The FT said the higher number came from investors trying to compare OpenAI with Anthropic. Oracle fell nearly 5% on Thursday, October 8, to about $136.82 in the early afternoon, and Nvidia and Microsoft also slipped. Oracle has a large share of its backlog tied to OpenAI, so traders are watching OpenAI's revenue path closely.

FT: OpenAI annualized revenue near $50 billion at end of September vs about $70 billion reported earlier
Oracle down about 4.7% to $136.82 in early afternoon trading on October 8, 2026
Gap attributed to counting methods: Anthropic includes cloud-partner sales, OpenAI does not
Oracle shares had jumped about 5% after the earlier $70 billion report

ORCL around the story · hourly24 h reaction ▲ 4.41%

Moves this explains

AMD−4.33%Oct 7 · Fell 4.3% as AI infrastructure stocks sold off after a Financial Times report put OpenAI's annualized revenue near $50 billion, about $20 billion below figures in circulation: Intel -5.8%, Oracle -5.4%, Micron -5.1%, Broadcom -3.9%, Nvidia -2.9%. OpenAI is one of AMD's gigawatt-scale GPU customers, which links the report to AMD.

Source

OfficeChai (citing the Financial Times)

Oct 8, 2026

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