Nvidia, Micron Rise on OpenAI's $70 Billion 2026 Revenue Target
Updated
Updated · Yahoo Finance · Oct 9
Nvidia, Micron Rise on OpenAI's $70 Billion 2026 Revenue Target
3 articles · Updated · Yahoo Finance · Oct 9
Summary
Nvidia and Micron shares were set to rebound Friday after OpenAI told investors it expects annualized revenue to reach at least $70 billion by the end of 2026.
The forecast, shared during talks for a roughly $30 billion fundraising round, pointed to enterprise demand as the main driver, with third-quarter run-rate growth of 77% overall and 107% in enterprise.
That target helped steady sentiment after AI-linked chip stocks sold off Thursday, when OpenAI's late-September annualized revenue of about $50 billion surfaced and missed the $68 billion figure many investors had been using.
The gap reflected accounting differences rather than weaker sales: OpenAI books only its share from partners such as Microsoft, while Anthropic counts the full gross value of cloud-partner sales.