AI infrastructure company shares fall as OpenAI misses growth and revenue targets
Updated
Updated · CNBC · Apr 28
AI infrastructure company shares fall as OpenAI misses growth and revenue targets
19 articles · Updated · CNBC · Apr 28
Oracle dropped 7.5%, CoreWeave fell 7%, and SoftBank Group sank 10% after OpenAI's shortfall was reported.
Chipmakers Nvidia, Broadcom, AMD, and Qualcomm also declined 2–5% amid concerns over OpenAI's ability to fund future compute agreements.
The Wall Street Journal report highlighted internal worries at OpenAI about sustaining massive infrastructure obligations, affecting companies with major supply and investment ties to the AI firm.
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