Mike MilliganFounder and CEO, 1.oak Financial · Founder and CEO, 1.oak Financial

How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype

9 Oct 2026 · 1 min

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In this segment, Mike Milligan explains how to annualize a monthly revenue figure by multiplying by 12, emphasizing that the resulting run‑rate is a forward‑looking metric that does not represent cash already collected, nor does it reveal expenses, profit, or sustainability. He uses a simple $10‑per‑month example to illustrate the concept. Milligan then connects this financial metric to recent market activity, noting CNBC reports of investors selling shares of AI‑related companies such as NVIDIA, Oracle, and CoreWeave after OpenAI news, while also highlighting reports of substantial growth in OpenAI’s revenue run‑rate. He argues that the story is not about a company that has stopped growing, and ties the discussion to an ongoing conversation about AI capital‑expenditure (CapEx) spending, suggesting that revenue run‑rate trends are relevant for evaluating AI growth stocks beyond hype.

Chapters

Let me make annualized simple with a hypothetical example. If a business generates $10 in a month and multiplies that pace by 12, it can describe a $120 annualized pace. That does not mean it has already collected $120. It also doesn't tell you its expenses, its profit, or whether that pace will continue. Same principle, much larger numbers with OpenAI. CNBC reported selling in NVIDIA, Oracle, CoreWeave, and other AI-related stocks as investors digested the OpenAI news. It also reported substantial growth in OpenAI's revenue run rate. So this was not simply a story about a business that had stopped growing. Here is how I connect it to our ongoing AI CapEx spending discussion.