Oracle: Shares Drop 6% on OpenAI Revenue Gap
Oracle shares fall nearly 6% after FT reports OpenAI annualized revenue at $30 billion, putting a $300 billion cloud contract at risk.
SourceAnalysis
Oracle shares dropped almost 6% after the Financial Times reported OpenAI annualized revenue running $20 billion below prior signals. OpenAI had informed investors its annualized revenue approached $50 billion by end of September, yet the revised figure now sits near $30 billion and directly threatens the $300 billion cloud contract with Oracle. The gap raises fresh questions over long-term cloud infrastructure commitments that were struck in the past year amid rapid AI scaling plans.
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