Tech stocks tumble as OpenAI misses targets. A report that OpenAI failed to meet user acquisition and sales goals sparked a significant selloff in technology stocks, dragging the S&P 500 from record levels and pushing the Nasdaq 100 down approximately 1.5 percent. The news raised investor concerns about whether massive capital investments in artificial intelligence infrastructure will generate adequate returns. Oracle and CoreWeave declined alongside the broader tech retreat. OpenAI disputed the report, claiming its consumer and enterprise operations are performing strongly. The selloff arrives as major technology companies representing roughly one quarter of the S&P 500's total value prepare to report quarterly earnings this week. Alphabet, Microsoft, Amazon, and Meta report Wednesday, with Apple following Thursday.
