OpenAI CEO Sam Altman speaks at the BlackRock Infrastructure Summit in Washington, DC on March 11, 2026.
Anna Moneymaker | Getty Images
Shares of artificial intelligence infrastructure companies tumbled in early trading on Tuesday after reports that OpenAI was missing internal growth expectations, raising new questions about whether the pace of spending across the sector is sustainable.
Oracle fell about 7.5% in premarket trading on Tuesday. Oracle has a five-year, $300 billion partnership to provide OpenAI with computing power for AI operations.
Chipmakers such as Nvidia, Broadcom and Advanced Micro Devices fell about 2% to 5%.
Qualcomm withdrew by 3.5%. Shares were up slightly on Monday following reports that the company is collaborating with OpenAI on smartphone chips related to the company’s hardware ambitions. Leveraged neo-cloud stock Coreweave fell 7%.
In Asia, SoftBank Group, one of OpenAI’s biggest investors, fell about 10%.
The Wall Street Journal reported that OpenAI recently fell short of its own projections for user growth and revenue. The shortfall has raised internal concerns about whether the company will be able to keep up with the huge financial commitment needed to build data centers and secure long-term computing capacity.
Finance chief Sarah Friar warned colleagues that the company could have trouble financing future computing contracts if revenue growth didn’t accelerate, the report said.
Adam Crisafulli, a trader at Vital Knowledge, said in the morning edition that the WSJ report “raises questions about the company’s ability to meet its large infrastructure obligations.”
The report fuels concerns that companies, from data center operators to chip designers, getting into building AI could be paying the price of growth that becomes difficult to sustain if demand from major customers like OpenAI cools.
Make CNBC your preferred source on Google and never miss a moment from the most trusted names in business news.
Source link
