BeInCrypto • October 8th 2026, 6:41 PM
Oracle Stock Crashes After OpenAI's Revenue Gap. Who's Next?
Key Summary
Oracle shares plummeted over 5% after a Financial Times report questioned OpenAI's revenue, sparking concerns about the AI company's financial health and its impact on Oracle's business. The discrepancy largely reflects differences in revenue calculations, but investors are worried about OpenAI's ability to meet its commitments. This selloff is not limited to Oracle, with other AI stocks also falling. Broadcom, Nvidia, and SoftBank are among the companies that could face further pressure if OpenAI's growth disappoints.
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Why Did Oracle Stock Fall So Hard?
Oracle has become heavily dependent on OpenAI's future spending. In September 2025, the companies reportedly signed a $300 billion cloud computing agreement spanning five years. That represents roughly 45% of Oracle's $664 billion backlog of contracted future revenue. The problem is timing. Oracle must invest billions in expensive data centers before collecting much of that revenue.Oracle's $300 Billion Deal with OpenAI
Meanwhile, the Wall Street Journal reported Thursday that Oracle is exploring additional financing for AI chips. Oracle maintains that AI cloud demand 'continues to grow faster than supply.' Investors are questioning whether OpenAI's revenue can support its enormous commitments.Which AI Stocks Could Be Next?
Several major companies have similar exposure. CoreWeave (CRWV) has announced cloud contracts worth up to $22.4 billion with OpenAI. Broadcom (AVGO) is developing custom AI chips with OpenAI and reportedly arranging over $50 billion in financing. AMD (AMD) has a six-gigawatt chip agreement, while Nvidia (NVDA) has a 10-gigawatt infrastructure partnership. SoftBank (9984.T) also faces exposure through its multibillion-dollar OpenAI investment. These stocks could face further pressure if OpenAI's growth disappoints.#Oracle#US#AI#Crypto