The · The Information
Investors criticised the tech sector on Tuesday, spurred in part by a Wall Street Journal report that OpenAI had overlooked
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Among the biggest to take a hit were two cloud firms that depend heavily on OpenAI for business: Oracle and CoreWeave, whose stocks fell 4% and 5.8%, respectively.
Key facts
- For one thing, as The Information has reported several times, OpenAI didn’t reach its 1 billion weekly active user goal for the end of 2025 (they recently reported the user number had reached 920
- Among the biggest to take a hit were two cloud firms that depend heavily on OpenAI for business: Oracle and CoreWeave, whose stocks fell 4% and 5.8%, respectively
- Investors slammed the tech sector on Tuesday, spurred in part by a Wall Street Journal report that OpenAI had missed some internal revenue projections
Summary
Talk about out of touch with reality. For one thing, as The Information has reported several times, OpenAI didn’t reach its 1 billion weekly active user goal for the end of 2025 (they recently reported the user number had reached 920 million).