BeInCrypto • October 9th 2026, 3:04 AM
Nvidia Stock Faces Critical Warning Sign. Is the AI Trade Breaking?
Key Summary
Nvidia stock fell 2.94% after OpenAI disclosed its annualized revenue is $50 billion, lower than the $68 billion reported earlier. Analysts attribute the gap to accounting issues, but the impact is being felt across the tech sector, with AMD and Oracle also experiencing declines. Despite strong fundamentals, market breadth is weak, and the market is waiting for any signs of weakness in OpenAI or Anthropic.
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Nvidia Stock Slides Amid OpenAI Revenue Discrepancy
Market Impact
Nvidia stock fell 2.94% after OpenAI disclosed its annualized revenue is $50 billion, lower than the $68 billion reported earlier. AMD slid 3.9% the same day. Oracle fell more than 5% in an OpenAI-linked stock crash. The interlinking between AI companies is showing as a number of stocks feel the impact of this issue.Fundamentals Remain Strong
Despite the decline, Nvidia posted $96.22 billion in revenue last quarter, beating the $92.16 billion estimate. The company still has a strong market value near $5.6 trillion, and analysts like Dan Ives see a $4 trillion AI spending wave.Analyst Perspectives
Alex Kantrowitz, founder of Big Technology, called the gap largely an accounting issue. He noted that both stocks have mostly performed well this year and that the fundamentals remain strong. However, he sees skittishness around the AI trade, with some companies shifting part of their spending to standard models rather than frontier ones.IPO Expectations
Kantrowitz expects Anthropic's initial public offering (IPO) within weeks, most likely, and OpenAI's next year. The market is waiting for something to go wrong, and any wrinkle could repeat Thursday's selloff or worse. With two IPOs expected, filings could show whether AI revenue can carry the spending behind Nvidia's valuation.#Nvidia#US#Crypto#SEC