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Nasdaq tumbles over 1 percent as AI hype wobbles and OpenAI funding worries hit tech stocks
Business
Published on 28 April 2026
OpenAI reportedly missed targets, raising data center funding doubts
The Nasdaq Composite opened down more than 1% as investors cooled on the AI boom, leaving tech stocks under pressure. The trigger: reports that OpenAI missed user and revenue targets, which analysts say could strain plans to fund expensive data center expansion. The selloff made the Nasdaq lag the S&P 500 and Dow at the open.
- Nasdaq opened down over 1% while S&P 500 and Dow held up better
- AI sentiment slipped after reports of OpenAI missing user and revenue targets
- Funding concerns for data center spending weighed on technology stocks
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times