OpenAI Rains On The Tech Parade

RIA · Oct 13, 2026

Over the last couple of months, the technology sector has grossly outperformed the market, as many other sectors have fallen victim to higher yields and oil prices. While seemingly immune to the bond market, Tech stocks were hit late last week after the Financial Times reported that OpenAI told investors its annualized revenue was approaching $50 billion as of the end of September. Nine days earlier, Reuters reported the same figure at nearly $70 billion, citing people familiar with the financials. Because OpenAI is private, both estimates came from people employed by or briefed by the…