OpenAI Revenue Miss Rattles AI Market Stocks

OpenAI told investors its revenue was $18 billion less than the $68 billion it reported last month, landing at $50 billion. The revision dragged down stocks of Nvidia, CoreWeave, Oracle and Nebius. Meanwhile, Google debuted a one-stop Gemini assistant capable of autonomous action across devices, and new models arrived from OpenAI, Anthropic, Mistral and others. Trump barred Microsoft and other companies from a federal program used to apply for employee green cards, and quantum computing firms Oratomic and Universal Quantum raised $475 million and over $100 million respectively.