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The Nasdaq Composite fell on Tuesday, underperforming the benchmark S&P 500 and the blue-chip Dow.
OpenAI missed its internal targets for weekly users and revenue, according to The Wall Street Journal.
KEY POINTS
- OpenAI executives are concerned about sustaining spending on data centers given missed targets.
- Oracle shares dropped 4.1% amid scrutiny over its reliance on OpenAI for cloud growth.
- The Philadelphia SE Semiconductor Index dropped 4.7% after an 18-day, 47.2% winning streak.
- The United Arab Emirates announced it was quitting OPEC, impacting global oil-exporting dynamics.
COMPANIES
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