AI BriefingAI concerns return to Wall Street. Now earnings season is coming
Key point
AI-related stocks wobbled again after reports that OpenAI missed targets.
Details
Anxiety over AI shook Wall Street again. Stocks tied to OpenAI such as Oracle, CoreWeave, and SoftBank all fell together on Tuesday, with all three names dropping at least 4%.
Behind this was a report from The Wall Street Journal (WSJ). The WSJ reported that OpenAI missed its revenue and user targets, and this news reignited concerns that the massive AI investments by big tech companies may not lead to the mega-scale profits that had been expected.
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