Multiple tech firms see selloff as OpenAI misses its own goals

Report of OpenAI failing to meet its user acquisition and sales targets pulled back shares of some of its largest investors and partners. The shares of Oracle, which has reportedly signed a cloud deal with OpenAI, dropped 6.5%, while CoreWeave shares fell 7.1%. Shares of Nvidia (3%), Microsoft (1%), Broadcom (4%) and SoftBank (11.9%) also saw the drop.