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Tech Slides After Financial Times Report on OpenAI — Tech Roundup

Provided by Dow Jones Oct 8, 2026, 9:55:00 PM

Shares of technology companies fell amid doubts about artificial-intelligence profitability.

The Financial Times on Thursday reported that OpenAI has said its revenues were approaching $50 billion on an annualized basis toward the end of last month, citing financial documents shared with investors.

Shares of AI bellwether Nvidia fell by almost 3%. Oracle, which has borrowed heavily to provide computing capacity to OpenAI and other firms, slid by more than 5%.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

October 08, 2026 17:55 ET (21:55 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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