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OpenAI worries spark decline in megacap tech stocks
April 29, 2026
|Hindustan Times Bengaluru
A selloff in technology giants dragged down stocks as concerns resurfaced over whether vast investments in artificial intelligence will pay off just as traders gear up for a slew of megacap results.
OpenAI missed several sales targets after rival Anthropic PBC gained ground in the coding and enterprise markets.
(AP)
The industry that’s powered this month’s equity rally got hit on a news report that OpenAI failed to meet its own goals for new user acquisition and sales, fuelling internal concerns the firm may struggle to support its artificial intelligence infrastructure spending. Partners such as Oracle Corp. and CoreWeave Inc. slumped, with the S&P 500 dropping from a record. The Nasdaq 100 lost about 1.5%.
OpenAlI missed several sales targets after rival Anthropic PBC gained ground in the coding and enterprise markets, the
OpenAl missed several sales targets after rival Anthropic PBC gained ground in the coding and enterprise markets.
هذه القصة من طبعة April 29, 2026 من Hindustan Times Bengaluru.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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