OpenAI Misses Growth Targets, Triggering AI Stock Decline

Tue, 28 Apr 2026 18:20:00 +0200

On April 28, 2026, shares of companies linked to OpenAI as partners and investors dropped sharply after a Wall Street Journal report revealed that the ChatGPT creator failed to meet its internal growth targets for users and sales. The Nasdaq tumbled 1.2% at the market open, ending a record close from the previous day, while the S&P 500 fell 0.6% and the Dow rose slightly by 0.3% or 152 points. The iShares Semiconductor ETF sank 4.3%, reflecting broader pressure on AI-related equities. The report highlighted OpenAI's shortfall against monthly sales goals in 2026, exacerbated by competition from rival Anthropic in coding and enterprise markets. Internal concerns emerged about the company's ability to sustain massive spending on AI infrastructure amid these misses. Tech futures like those for the Nasdaq 100 declined over 1% pre-market, with chipmakers such as Advanced Micro Devices and Broadcom among the hardest hit. Investors expressed doubts over the sustainability of AI hype, prompting