Nvidia and AI Chip Stocks Rebound on OpenAI Year-End Revenue Outlook

Nvidia and semiconductor peers rebounded on October 9 after reports indicated OpenAI is on track to reach a $70 billion annualized net revenue run-rate by year-end. The recovery followed a sharp retreat on October 8, when Nvidia shares fell 2.94% to $230.48—erasing nearly $169 billion in market value—after reports revealed OpenAI's end-September annualized revenue was approximately $50 billion, trailing circulating estimates of $68 billion to $70 billion. Analysts noted the initial shortfall reflected accounting differences regarding cloud-partner sales rather than falling demand, helping restore confidence across the AI hardware supply chain.