OpenAI growth concerns trigger selloff across AI-linked stocks including SoftBank, Oracle, and Nvidia

After a Wall Street Journal report said OpenAI missed some internal sales and user targets this year, SoftBank dropped as much as 11% in Tokyo (its worst day in 6 months), Oracle fell about 4.4%, Advanced Micro Devices was down roughly 3%, CoreWeave slipped 3.5%, and Nvidia edged lower.

OpenAI's CEO Sam Altman dismissed internal concerns about whether future compute spending can be sustained if revenue growth slows, saying the company is still pushing hard to secure as much compute as possible. Competition from Anthropic is also picking up, especially in enterprise and coding use cases.

The sharp reaction across multiple partner stocks signals how tightly the AI trade is connected around OpenAI as a central player, with sentiment shifts rippling through rather than staying contained.