TechCrunch
28 Oct 2026, 21:34 UTC · 1h ago
Microsoft recorded $10 billion in revenue from OpenAI
Impact · against what's priced in
Microsoft's $10 billion quarterly revenue from OpenAI provides concrete evidence of AI monetization, though the rise in receivables suggests emerging credit risk. For Nvidia, the news is negligible as the price is decoupled from specific software monetization and focused on hardware infrastructure demand.
- MSFT+0.40
Challenges what's priced in
- The price assumes
The bull case that AI monetization justifies a valuation 28-38% higher
The market currently refuses to pay for aggressive AI monetization, but a $40 billion annual run rate from OpenAI alone provides a material data point that supports the bull case for higher revenue growth.
What MSFT's price assumes · Sep 21
