Nvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report
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#AI stocks, including #Nvidia, #Oracle and CoreWeave, sank after the market learned more details about OpenAI’s revenue. ⠀ #OpenAI told investors that it hit roughly $50 billion in annualized revenue at the end of September, CNBC confirmed, lower than the the $68 billion figure widely reported late last month. ⠀ Read more at the #linkinbio or the link on screen. #CNBC
1:47
#AI stocks, including #Nvidia, #Oracle and CoreWeave, sank after the market learned more details about OpenAI’s revenue. ⠀ #OpenAI told investors that it hit roughly $50 billion in annualized revenue at the end of September, CNBC confirmed, lower than the the $68 billion figure widely reported late last month. ⠀ Read more at the #linkinbio or the link on screen. #CNBC
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Nvidia shares climbed on Thursday after the company's Q2 earnings sailed past estimates. Despite concerns that competitors like Amazon, Google and Microsoft are developing in-house chips to rely less on Nvidia, CEO Jensen Huang reassured investors of the chip giant's business in an earnings call. CNBC's Kristina Partsinevelos has the details. Read more at the #linkinbio or the link on screen. #CNBC #nvidia #amazon #google #microsoft #jensenhuang
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