Shares of Nvidia Corp. and other tech firms dropped today following a report that OpenAI Group PBC had missed its growth targets last year.<\/p>\n
The Wall Street Journal late Monday cited<\/a> sources as saying that the company\u2019s 2025 user base gains and revenue fell short of expectations. OpenAI pushed back against the report, calling it \u201cprime clickbait\u201d in a statement issued to Bloomberg <\/a>today. The company added that it\u2019s \u201cfiring on all cylinders.\u201d\u00a0<\/p>\n Shares of Nvidia dropped more than 3% on the news. Advanced Micro Devices Inc., which inked a multibillion-dollar chip deal with OpenAI last year, is down 11%. Arm Holdings plc, Oracle and other tech firms that maintain partnerships with the artificial intelligence provider also logged declines.<\/p>\n According to the Journal, ChatGPT\u2019s growth started slowing late last year. As a result, OpenAI reportedly missed its goal of growing the chatbot\u2019s user base to 1 billion weekly active accounts by the end of 2025. There\u2019s no indication that the company has reached that milestone since.<\/p>\n OpenAI\u2019s slowing user base momentum is reportedly weighing on its topline growth. According to the Journal\u2019s sources, the company \u201chas struggled\u201d with churn among subscribers and missed multiple revenue targets for ChatGPT this year. It\u2019s believed that OpenAI\u2019s weaker-than-expected momentum partly stems from market share gains made by rival Anthropic PBC.<\/p>\n OpenAI Chief Financial Officer Sarah Friar has reportedly told executives that OpenAI may struggle to finance its data center buildout \u201cif revenue doesn\u2019t grow fast.\u201d The company\u2019s board, in turn, has reportedly stepped up its scrutiny of infrastructure contracts.<\/p>\n The company has to date committed to purchasing $600 billion worth of data center capacity. About half the sum is tied to a five-year deal that the company signed with Oracle last year. Shares of the database maker dropped by more than 7% in today\u2019s trading session.<\/p>\n The centerpiece of the OpenAI-Oracle partnership is a sprawling data center campus in Abilene, Texas. According to Bloomberg<\/a>, two of the eight buildings at the site were operational as of last month. It\u2019s believed that the companies recently shelved a plan to expand the campus over disagreements about financing terms.<\/p>\n The report that OpenAI missed recent revenue goals comes against the backdrop of the company\u2019s preparations to go public. According to CNBC<\/a>, the AI provider is expected to list its shares as soon as the fourth quarter. OpenAI will reportedly seek a valuation of about $1 trillion.<\/p>\n A slowdown in the company\u2019s growth may add momentum to the public offering of Anthropic. In December, the Financial Times reported<\/a> that the OpenAI rival had hired a law firm to prepare its stock market listing. The company is also believed to have launched discussions with potential underwriters.<\/p>\n Earlier this month, Anthropic disclosed<\/a>\u00a0that its annualized run rate had jumped to $30 billion from $9 billion at the end of 2025. OpenAI\u2019s run rate stood<\/a> at $24 billion per year in late March. The ChatGPT developer expects<\/a> enterprise customers\u2019 revenue contribution to reach 50% of its total sales by year\u2019s end.\u00a0<\/p>\n Image: Unsplash<\/a><\/p>\n Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE\u2019s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.<\/p>\n 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more About SiliconANGLE Media<\/p>\n SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE<\/a>, theCUBE Network<\/a>, theCUBE Research<\/a>, CUBE365<\/a>, theCUBE AI<\/a> and theCUBE SuperStudios \u2014 with flagship locations in Silicon Valley and the New York Stock Exchange \u2014 SiliconANGLE Media operates at the intersection of media, technology and AI.<\/p>\n Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.<\/p>\n","protected":false},"excerpt":{"rendered":"Shares of Nvidia Corp. and other tech firms dropped today following a report that OpenAI Group PBC had…\n","protected":false},"author":2,"featured_media":20635,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[580,14470,2934,157,396],"class_list":{"0":"post-20634","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-openai","8":"tag-chatgpt","9":"tag-chip-stocks-drop-on-report-openai-missed-chatgpt-growth-targets","10":"tag-maria-deutscher","11":"tag-openai","12":"tag-siliconangle"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/20634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=20634"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/20634\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/20635"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=20634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=20634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=20634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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