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Semiconductor shares, which have surged over 40% so far this year, weighed particularly heavily on the Nasdaq.
OpenAI missed internal targets for weekly users and revenue, raising sustainability concerns.
KEY POINTS
- Oracle shares fell due to scrutiny over its reliance on OpenAI's technology.
- The five Magnificent Seven companies reporting this week represent 44% of S&P 500 market capitalization.
- The UAE announced its withdrawal from OPEC, impacting global oil markets.
- Fed's upcoming policy meeting will address inflation risks from war-driven energy price spikes.
COMPANIES
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