7/102 sources · 2 publishersUpdated Oct 9, 19:29 UTC
Nvidia shares tumble 3% after OpenAI revenue doubts, cutting Jensen Huang’s net worth below $200 billion
Nvidia stock fell 3% to $230.48 on Thursday following a Financial Times report that OpenAI’s annualised revenue was about $50 billion, well below the previously cited $68 billion. The decline shaved roughly $6.1 billion off CEO Jensen Huang’s fortune, bringing his estimated net worth to $199.3 billion. Oracle and Intel also slipped, down 5.6% and over 5% respectively, as the AI‑sector sell‑off spread.
Why it matters
The move highlights heightened investor sensitivity to AI‑related revenue assumptions, which could pressure valuations of companies heavily tied to AI hardware and cloud services such as Nvidia and Oracle.
Key facts
- 1Nvidia shares fell 3% to close at $230.48 on Thursday. finance.yahoo.com
- 2Jensen Huang’s net worth fell by an estimated $6.1 billion to $199.3 billion. finance.yahoo.com
- 3Oracle shares dropped 5.6% to $135.55. finance.yahoo.com
- 4Intel fell over 5% after the news. finance.yahoo.com
- 5OpenAI’s annualised revenue was reported at about $50 billion, down from a prior $68 billion estimate. finance.yahoo.com
- 6Nvidia reported $46.7 billion in data‑center revenue for fiscal Q2 2026. billionaires.africa
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.