OpenAI partners' stocks fall after report that the AI startup missed sales and user targets in 2026

SoftBank tumbled as much as 11% in Tokyo; CoreWeave, Oracle, and AMD fell about 3% in US premarket trading after the Wall Street Journal reported OpenAI fell short of several monthly sales targets in 2026, citing unidentified people familiar with the matter.

OpenAI's rival Anthropic gained ground in the coding and enterprise markets. Alphabet's Gemini AI model and Anthropic's Claude received broad acclaim in the fall, sparking repeated selloffs in companies viewed as OpenAI proxies.

A basket of companies connected to OpenAI rose about 75% since the end of 2024, compared with gains of more than 300% for a similar group of Alphabet-tied stocks. Investors are watching for evidence that tech companies remain committed to large capital expenditure for AI infrastructure.