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SoftBank tumbled as much as 11% in Tokyo, while CoreWeave Inc., Oracle and Advanced Micro Devices Inc. fell by about 3% in US premarket trading.
OpenAI recently failed to meet sales and new user targets, renewing investor concerns.
KEY POINTS
- SoftBank shares dropped up to 11% after the report, with CoreWeave, Oracle, and AMD also falling.
- OpenAI-linked stocks have risen only 75% in 2024, far below Alphabet-linked peers' 300% gain.
- OpenAI missed several 2026 monthly sales targets as Anthropic gained coding and enterprise market share.
- Investor sentiment shifted last fall after Gemini AI and Claude received broad acclaim over OpenAI.
COMPANIES
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