Tech Stocks Slide as OpenAI Growth Concerns Hit Nasdaq
Nasdaq futures fell Tuesday as OpenAI reportedly missed growth targets. Tech stocks and chipmakers declined while oil prices rose amid Middle East tensions.
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Nasdaq 100 futures fell 1.27% Tuesday after reports that OpenAI reportedly missed internal growth targets, triggering a sell-off in artificial intelligence stocks. The decline follows a Wall Street Journal report stating the ChatGPT creator failed to meet weekly user and revenue goals. Investors view OpenAI as a proxy for AI demand, making its performance a primary driver for trillion-dollar tech valuations.
