Wall Street tech stocks slip as AI‑related worries resurface before big‑tech earnings

Wed, 29 Apr 2026 11:34:00 +0200

Wall Street tech shares retreated on Tuesday as renewed concerns about the artificial‑intelligence boom put pressure on firms tied to OpenAI ahead of a wave of major‑tech earnings reports. Stocks of Oracle, CoreWeave, SoftBank, and several other companies linked to the ChatGPT maker fell by at least 4%, in the wake of a report that OpenAI had missed its own internal targets for new users and revenue. That news revived investor skepticism about whether the enormous investments in AI data centers and infrastructure will generate the profits and growth that markets have been pricing in over the past year. The Nasdaq Composite slipped about 0.9%, while the S&P 500 shed roughly half a percentage point, as traders rotated away from some of the leading AI‑related names and into more defensive or traditionally valued sectors. The sell‑off comes just before Alphabet, Amazon, Meta Platforms, and Microsoft are scheduled to release their first‑quarter results, which investors hope will clarify how