AI stocks fall as OpenAI revenue miss follows Nvidia buyback surge

AI stocks fall as OpenAI revenue miss follows Nvidia buyback surge

Business

Shares of AI-focused companies fell on 8 October in the United States after OpenAI disclosed annualized revenue of about $50 billion, below earlier estimates, while the firm prepared for a potential IPO. Earlier, Nvidia announced a $150 billion share-repurchase program, raising its total buyback capacity to $235 billion, the largest single authorization in history. The announcement sent Nvidia’s stock to a record intraday high of $237.

55, pushing its market capitalization toward $5. 7-$6 trillion as strong demand for AI chips fueled the rally. The buyback and market-value surge followed Nvidia’s unveiling of an AI safety platform, underscoring the company’s broader AI strategy.

Actors

Nvidia Jensen Huang

Locations

United States

Articles

October 08, 2026
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AI stocks tumble as OpenAI reports lower-than-expected revenue
AI stocks tumble as OpenAI reports lower-than-expected revenue

CNBC • 08 Oct 18:14

Shares of Nvidia, Oracle and other AI companies fell after OpenAI disclosed annualized revenue of about $50 billion, below earlier estimates, while the firm prepares for a potential IPO.

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October 06, 2026
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Nvidia nears $6 trillion market value as AI chip demand fuels rally
Nvidia nears $6 trillion market value as AI chip demand fuels rally

Yahoo Finance • 06 Oct 13:49

Nvidia's shares have risen 28% this year, bringing its market capitalization close to $5.8 trillion, driven by strong revenue outlook and an expanded share-repurchase program.

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October 05, 2026
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Nvidia shares near record high as market value tops $5.7 trillion
Nvidia shares near record high as market value tops $5.7 trillion

finance.yahoo.com • 05 Oct 14:30

Nvidia's stock rose to an intraday peak of $237.15, pushing its market capitalization to about $5.73 trillion amid strong demand for AI hardware.

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October 02, 2026
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Nvidia shares reach record intraday high, market value climbs to $5.7 trillion
Nvidia shares reach record intraday high, market value climbs to $5.7 trillion

Yahoo Finance • 02 Oct 14:13

Nvidia's stock rose to $237.55 on Friday, pushing its market capitalization to $5.7 trillion as the company reported strong earnings and a bullish outlook for the next quarter.

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September 28, 2026
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Nvidia adds $150 billion to share-repurchase program, Cramer says it could shift stock trajectory
Nvidia adds $150 billion to share-repurchase program, Cramer says it could shift stock trajectory

CNBC • 28 Sep 16:44

Nvidia's board approved an additional $150 billion in stock buybacks, raising total authorization to $235 billion, and market commentator Jim Cramer said the move could alter the company's share performance.

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Nvidia launches record $150 billion share buyback and AI safety platform
Nvidia launches record $150 billion share buyback and AI safety platform

Yahoo Finance • 28 Sep 14:09

Nvidia announced a $150 billion share repurchase, the largest ever, and unveiled a new AI safety platform, sending its stock higher in early trading.

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Nvidia authorizes $150 billion stock buyback, raising total to $235 billion
Nvidia authorizes $150 billion stock buyback, raising total to $235 billion

Yahoo Finance • 28 Sep 12:13

Nvidia announced a $150 billion share repurchase program, the largest single authorization in history, bringing its total buyback capacity to $235 billion.

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