Money
Money · Oct 9, 2026
OpenAI revenue reportedly $20 billion below expectations; Oracle, CoreWeave and chip stocks slide
The Financial Times reported that OpenAI's annualized revenue is about $20 billion lower than the level previously presented to investors. In U.S. trading on October 8, CoreWeave reportedly fell about 7%, Nebius about 6% and Oracle about 5%, and chip stocks also declined. The sell-off showed how much the base under AI capital spending depends on one company's revenue figure.
Money · Oct 8, 2026
SpaceX reportedly plans $40 billion in borrowing to buy NVIDIA chips as AI spending leans on corporate debt amid rising rates
Money · Oct 7, 2026
Marvell sets fiscal 2031 revenue target of $70 billion to $90 billion, with midpoint about 1.7 times market expectations; fiscal 2028 outlook raised to about $20 billion
Money · Oct 6, 2026
Flex's AI power unit Axiom raises $2 billion in 10% preferred stock at a $37.5 billion valuation, led by General Catalyst
Money · Oct 5, 2026
Amazon unveils "Branded Conversations" to put advertiser input into AI shopping answers, moving ad space inside the answer as product candidates reportedly shrink from about 50 to 5
Money · Oct 4, 2026
Shopify opens checkout to agents while Amazon shuts out Muse — the split comes down to transaction fees versus advertising
Money · Oct 3, 2026
SoftBank completes $30 billion follow-on investment in OpenAI, bringing its total to $64.6 billion for about 13%, and closes DigitalBridge acquisition
Money · Oct 2, 2026