Shares of firms linked to artificial intelligence infrastructure fell sharply in early trading after reports indicated that OpenAI had not met its internal revenue and user growth targets.
The development has raised fresh doubts about the trajectory of investment in the AI space.
5% in premarket trading, while several chip stocks also saw declines.
Oracle shares dropped approximately 7.5% in premarket trading, while several chip stocks also saw declines.
The market reaction reflects growing uncertainty about whether the current pace of spending on AI infrastructure can be maintained.
The AI sector has been a major growth driver in recent years, with companies investing heavily in data centers, semiconductors, and cloud infrastructure.
However, the latest developments at OpenAI suggest that some of the momentum may be slowing, at least temporarily.