After report says OpenAI missed sales, user targets, Oracle, AMD, and CoreWeave stocks sink

TL;DR

Oracle, CoreWeave shares drop after report flags OpenAI growth worries What happened: Oracle (ORCL), AMD (AMD), CoreWeave (CRWV) and other AI-driven names sank pre-market on Tuesday. Oracle and CoreWeave led the losses, down 7% and 8%, respectively. What’s behind the move: Investors sold off shares of companies tied to OpenAI (OPAI.PVT) after The Wall Street Journal reported the AI developer recently missed sales and user targets, renewing concerns about overspending in the sector.