CoreWeave, Oracle, Nvidia fall after WSJ
- AI-linked stocks fell Tuesday after the Wall Street Journal reported OpenAI missed internal targets for revenue and new-user growth in recent months. - CoreWeave dropped about 8% and Oracle fell roughly 6%, while Nvidia, AMD, Broadcom and TSMC also declined as investors cut exposure. - The selloff hit companies tied to OpenAI’s data-center buildout and Stargate spending plans. (openai.com)
Shares of CoreWeave, Oracle, Nvidia and other AI-linked companies fell Tuesday after the Wall Street Journal reported OpenAI missed internal targets for revenue and new-user growth. (reuters.com) (wsj.com) Reuters reported CoreWeave fell about 8% in premarket trading and Oracle dropped about 6%, while Nvidia, AMD, Broadcom and Taiwan Semiconductor Manufacturing also traded lower. (reuters.com) The Wall Street Journal said OpenAI’s recent shortfalls raised internal concern about whether the company could keep paying for future computing contracts. Reuters reported the Journal said Chief Financial Officer Sarah Friar raised that concern internally. (reuters.com) (wsj.com) The market reaction spread beyond one software company because OpenAI sits near the center of a wider AI supply chain. Oracle rents cloud capacity, CoreWeave sells access to graphics processors, and Nvidia supplies many of the chips those systems run on. (openai.com) (reuters.com) That supply chain has been tied to Stargate, the OpenAI, Oracle and SoftBank-backed infrastructure project announced on January 21, 2025, with a plan to invest $500 billion over four years and deploy $100 billion immediately. (openai.com) MarketWatch reported Oracle has also been taking on debt to fund OpenAI-linked data-center expansion, which left investors more sensitive to any sign that OpenAI demand could slow. (morningstar.com) CNBC reported OpenAI pushed back on the Journal’s account, even as the report hit shares of SoftBank in Tokyo and AI names in the United States before major tech earnings. (cnbc.com) Bloomberg reported the pressure also reached data-center-linked corporate debt, a sign that investors were reassessing not just AI stocks but the financing behind the buildout. (bloomberg.com) Tuesday’s selloff turned a report about OpenAI’s internal targets into a broader test of how much of the AI trade depends on uninterrupted spending from a handful of buyers. (bloomberg.com)
