NVDA, AMD, Oracle, CoreWeave shares slide after WSJ reports OpenAI missed internal user and revenue targets
The Wall Street Journal reported that OpenAI fell short of its own internal targets for monthly active users and revenue, triggering a broad sell-off across AI infrastructure equities. NVIDIA, AMD, Oracle, and CoreWeave all declined on the news.
The market reaction reflects how tightly AI infrastructure valuations have become anchored to OpenAI's growth narrative. For enterprise buyers, the miss raises questions about the pace of AI adoption at scale — a signal worth watching ahead of Q2 guidance cycles.
Sources
- Primary source
- Cramer says the OpenAI-driven pullback proves recent rally was overheated
“CNBC's Jim Cramer weighed in on the WSJ report, calling the sell-off a correction of an overheated rally in AI names.”