AI Infrastructure Stocks Tumble as OpenAI Growth Concerns Rattle Market

Shares of Coreweave, SoftBank, Broadcom, AMD, Nvidia, and Oracle plunged after reports surfaced that OpenAI missed internal growth targets. The AI pioneer's slowing momentum triggered a sector-wide selloff, with Oracle dropping 4% despite its $300 billion cloud partnership with OpenAI. Broadcom fell 4%, AMD lost 3%, and Nvidia slipped over 1% as traders reassessed the AI compute trade.

OpenAI's CFO Sarah Friar reportedly warned colleagues that weaker sales could constrain future compute investments—a sobering revelation for companies banking on insatiable AI infrastructure demand. Coreweave, whose fortunes are tightly coupled with AI compute needs, tumbled more than 5%. SoftBank, a major OpenAI investor, sank 10% in Asian trading.

The selloff reflects growing market sensitivity to AI adoption timelines. While Qualcomm pared losses after reports of OpenAI smartphone chip collaboration, the sector remains vulnerable to any signs of slowing AI investment cycles.