00:00It's Benzinga bringing Wall Street to Main Street
00:02AI stocks fell Thursday after OpenAI told investors its annualized revenue was approaching
00:07$50 billion, about $20 billion below previous reports, according to a Financial Times report.
00:13The discrepancy reflects differences in how investors calculated revenue and does not
00:17mean OpenAI lost $20 billion in sales. Oracle fell more than 5 percent, while Nvidia,
00:23Advanced Micro Devices, and Microsoft also declined. The Nasdaq was down 1.4 percent
00:28in afternoon trading, which Barron's linked partly to the OpenAI report.
00:31OpenAI is seeking at least $30 billion in fresh funding at a reported $1.4 trillion valuation.
00:38Broadcom is also working to arrange more than $50 billion in financing for custom
00:42chips developed with OpenAI. CEO Sam Altman has ruled out an IPO in 2026,
00:49but left open the possibility of going public in 2027.
00:52For all things money, visit Benzinga.com.
