Micron, Nvidia and AI chip stocks fall as report on OpenAI’s revenue causes ‘undue concern’ Micron, Nvidia and AI chip stocks fall as report on OpenAI’s revenue causes ‘undue concern’ OpenAI’s annualized revenue reportedly fell short of expectations — but analysts say that reflects differences in how the figure is reported, not weakness in AI demand OpenAI, led by CEO Sam Altman, reportedly told investors its annualized revenue was lower at the end of September than they were expecting. Shares of Micron Technology, Nvidia and other artificial-intelligence-related chip makers fell hard on Thursday, as investors digested a bearish report on one of the AI industry’s most important players. OpenAI reportedly told investors that 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 the Financial Times.
The metric is calculated by taking revenue from a short period, such as a month or a quarter, and multiplying it to gauge what a company could earn over a full year. Copyright ©2026 MarketWatch, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 My husband inherited $3 million.
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