OpenAI Growth Slump Sparks AI Infrastructure Selloff

OpenAI reportedly missed internal growth and revenue targets, prompting a market-wide dip in AI infrastructure names: Oracle fell about 7.5% in premarket trading on its $300 billion, five-year OpenAI compute deal, while chipmakers Nvidia, Broadcom and AMD declined ~2–5% and Qualcomm slid ~3.5%. SoftBank dropped around 10% in Asia, and CoreWeave fell about 7%. The Wall Street Journal’s report raised concerns about OpenAI’s ability to fund its expanding data-center footprint if revenue growth does not accelerate, fueling worries that demand for AI infrastructure may be harder to sustain than priced in.