Oracle and CoreWeave lead AI sell-off on concerns about OpenAI growth

vm_admin
Oracle and CoreWeave lead AI sell-off on concerns about OpenAI growth

By Reuters Videos
Publication Date: 2026-04-28 17:57:00

Reuters Videos

<span>STORY: Shares of AI-related companies fell on Tuesday after a report raised new questions about OpenAI’s growth prospects.</span><span>The Wall Street Journal reported that OpenAI has missed internal targets for new users and revenue in recent months.</span><span>The report also said that OpenAI’s chief financial officer had expressed concerns to other industry leaders about the company’s ability to pay for future computing contracts if revenue did not increase.</span><span>The news spread across all markets and Oracle shares fell as much as 6%.</span><span>:: Oracle</span><span>The cloud provider has reportedly signed one of the largest AI infrastructure deals ever with OpenAI – computing power worth around three hundred billion dollars over five years.</span><span>Investors have been increasingly nervous about how Oracle plans to finance its data center expansion with the company’s stocks, bonds, etc.</span>

Related Posts