Nasdaq falls after report that OpenAI's revenue is lower than reported

The Nasdaq Composite fell about 1.4% on Thursday after the Financial Times reported OpenAI told investors its annualized revenue is approaching $50 billion, about $20 billion less than previously reported. Nvidia fell 3%, and Intel and Oracle each fell about 6%. A source said the higher figure likely reflected a different way of counting revenue; OpenAI declined to comment.