According to CNBC, shares of Nvidia, Oracle, CoreWeave and other artificial intelligence names fell on Thursday after investors learned more details about OpenAI's revenue. OpenAI told investors it reached about $50 billion in annualized revenue at the end of September, below the $68 billion figure that had been widely reported late last month. A person familiar with the matter said the $68 billion figure included gross revenue from OpenAI's partners, and the company also reported 77% total run-rate growth in the third quarter and 107% run-rate growth in its enterprise business. OpenAI is under pressure to justify its $852 billion valuation as it prepares for a widely expected IPO, having confidentially filed its prospectus in June and signaled a possible 2027 debut. The company is also in early-stage talks with investors about a potential new funding round that could raise around $30 billion, though no term sheet has been finalized.