# The Magnificent Seven open weak, with only Apple holding gains.

*semiconductor · news · 2026-04-28 · The Economic Times*

## Key points

- OpenAI reportedly missed internal revenue targets, raising concerns about aggressive AI infrastructure spending.
- Rising oil prices above $100 and Treasury yields near 4.37% put pressure on chip stock valuations.
- Major chip buyers—Microsoft, Amazon, Alphabet—report earnings this week, increasing risk for Nvidia, AMD, Intel.
- Institutional investors are repositioning ahead of earnings, as seen in unusually high trading volumes for chip stocks.
- The tech sell-off coincides with sector rotation into more defensive stocks, while AI enthusiasm moderates.

**Companies:** Apple, NVIDIA, Advanced Micro Devices, Intel, Microsoft, Amazon, Alphabet
**Countries:** United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/international/us/why-nvidia-amd-intel-stocks-crash-today-magnificent-seven-fall-broadly-as-all-open-lower-except-apple-amid-ai-concerns-and-earnings-pressure/articleshow/130583922.cms)

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