OpenAI reportedly misses sales targets, related stocks plunge

Golden Ten Data April 28｜OpenAI's partners, such as SoftBank Group and Oracle, saw their stock prices decline after reports emerged that the AI startup recently failed to meet sales and new user targets, reigniting market concerns about technology company spending prospects ahead of earnings season. SoftBank fell as much as 11% in Tokyo, while CoreWeave, Oracle, and AMD dropped about 3% in US pre-market trading. Although OpenAI has established partnerships with dozens of companies, the market tends to focus more on a small group of core partners, including NVIDIA, SoftBank, Oracle, Microsoft, CoreWeave, and AMD, viewing them as alternative proxies for investing in the developer of ChatGPT. Investors are closely watching for signs that technology companies are sticking to previously announced large-scale capital expenditure plans to build AI infrastructure. A basket of companies associated with OpenAI have significantly underperformed their peers in recent months.