The Coca-Cola Company (NYSE:KO)<\/a> shares rose after the beverage giant topped first-quarter earnings estimates and lifted its full-year profit forecast, supported by strong sales growth and steady demand for its flagship brands.<\/p>\n 2:00pm: UAE leaves OPEC <\/p>\n
News that the UAE is leaving Opec has roiled the commodity space.<\/p>\n
Kathleen Brooks, research director at XTB, called the news\u00a0“a major blow to Opec, which has held a tight fist on global oil supply for decades.”<\/p>\n
“However, the fact that a member as important as the UAE is happy to walk away is a sign that 1, the oil market is changing post the war in Iran, and 2, Saudi Arabia will have less control over amoothing the supply of oil in the future, which could make the commodity space more volatile in the future,” Brooks wrote.<\/p>\n
So far the impact on the oil prices has been “minimal,” according to Brooks.<\/p>\n
12:55pm: OpenAI has ‘little incentive to spend’ <\/p>\n
As mentioned earlier, the Wall Street Journal reported that OpenAI fell short of a goal to reach one billion weekly active users by the end of 2025 and missed revenue targets for ChatGPT.<\/p>\n
Wedbush argues that OpenAI has little incentive to spend conservatively and that real-world compute constraints undercut the overspending narrative.<\/p>\n
As evidence, they point to GPU instance prices rising due to tight availability, citing examples like Krea paying 30% more for compute and Collide potentially building its own infrastructure. \u201cNet, we believe infrastructure demand remains robust (in-line with various earnings reports including CLS’s guidance raise yesterday) driven in large part by AI usage growth, creating a broad based demand driver for semiconductor and component vendors,\u201d analysts wrote.<\/p>\n
12:00pm: Fed expected to hold steady <\/p>\n
The Federal Reserve begins its two-day policy meeting today and is widely expected to hold interest rates steady. Market expectations have shifted further out, with rate cuts now not anticipated until December.<\/p>\n
While some policymakers, including Kevin Warsh, have expressed support for earlier rate reductions\u2014a stance that would align with White House preferences\u2014recent data is complicating that outlook, according to Ipek Ozkardeskaya, senior analyst at Swissquote.<\/p>\n
As a result, inflation expectations have risen over the past two months, largely driven by higher energy prices, reinforcing a more cautious stance from the Fed.<\/p>\n
“At this stage, no one \u2014 including central bankers \u2014 can predict what comes next if Middle East tensions continue to disrupt energy flows,” Ozkardeskaya said.<\/p>\n
“What we do know is that the longer the Strait of Hormuz remains under strain, the stronger the impact on markets will be. Oil prices are currently trading roughly 50% above pre-conflict levels, and that is changing the way investors perceive risk.”<\/p>\n
10:55am: OpenAI growth doubts <\/p>\n
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD),\u00a0Oracle Corp (NYSE:ORCL)\u00a0and much of the semiconductor sector came under pressure after concerns over OpenAI\u2019s growth cast doubt on demand for AI infrastructure.<\/p>\n
Shares in Nvidia fell 3.3%,\u00a0Broadcom Inc (NASDAQ:AVGO)\u00a0dropped 4.2%,\u00a0AMD (NASDAQ:AMD)\u00a0declined 5.5% and\u00a0Arm Holdings PLC (NASDAQ:ARM)\u00a0plunged 7.4%\u00a0following a report that OpenAI missed internal targets for both revenue and user growth.<\/p>\n
According to the\u00a0Wall Street Journal, the company behind ChatGPT fell short of a goal to reach one billion weekly active users by the end of 2025 and missed revenue targets for ChatGPT.<\/p>\n
The report also said chief financial officer Sarah Friar had warned internally about the company\u2019s ability to fund future computing commitments.<\/p>\n
Shares in Oracle, which has a partnership with OpenAI, fell 7.4% in premarket trading, reflecting concerns over demand for data centre capacity.<\/p>\n
Microsoft Corp (NASDAQ:MSFT), a major investor, slipped 1.45% after confirming changes to its agreement, removing exclusivity and revenue sharing.<\/p>\n
10am: AI stocks lead Wall St retreat <\/p>\n
It’s been a mixed start on Wall Street.<\/p>\n
The\u00a0Nasdaq slid 0.8% and the S&P 0.5%, both retreating from yesterday’s record highs.<\/p>\n
The Dow Jones, after initially gaining 0.2%, has slipped back to flat.<\/p>\n
Fallers on the Nasdaq 100 are led by\u00a0ARM Holdings, down almost 6%, with Applied Materials,\u00a0Broadcom,\u00a0AMD,\u00a0KLA-Tencor, Lam Research and\u00a0ASML, all down over 3%;\u00a0Intel,\u00a0Marvell and\u00a0NVIDIA, Qualcomm and\u00a0Western Digital are all off more than 2%.<\/p>\n
Leading the Dow higher are Coca-Cola,\u00a0Salesforce.com, and Johnson & Johnson.<\/p>\n
8.15am: Nasdaq to retreat from record high <\/p>\n
US stocks looked set for an uneven start on Tuesday, as oil prices surged and the Federal Reserve began its two-day policy meeting.<\/p>\n
Futures for the Nasdaq and S&P were down 1.3% and 0.7%, while\u00a0Dow Jones futures were up 0.2%.<\/p>\n
This would more than reverse the modest gains made on Wall Street the previous session, when the\u00a0S&P and Nasdaq inched up 0.1% and 0.2% to fresh record closing highs, thanks to strength from Nvidia and other big tech, while the Dow Jones dropped 0.1%.<\/p>\n
Oil prices during European trading on Tuesday hit a two-week high, with WTI crude up 3.2% to $99.50 a barrel.<\/p>\n
Analysts said this reflected the ongoing closure of the Strait of Hormuz and the impasse between the US and Iran.<\/p>\n
President Trump and his national security team were reported to be reviewing the proposal put forward by Iran to reopen the Strait and bring the war to an end.<\/p>\n
“Right now, the market is not optimistic about the chance of a deal to reopen the Strait due to Iran\u2019s request to push discussions about nuclear disarmament into the future,” said market analyst Kathleen Brooks at XTB.<\/p>\n
“However, this is a news driven market and the oil price will be sensitive to geopolitical headlines this week.”<\/p>\n
Tech stocks are also in focus today, she added, after a record run for semiconductor names and historic highs on Wall Street.<\/p>\n
OpenAI CFO Sarah Friar, according to the WSJ article, told other executives that “she is worried the company might not be able to pay for future computing contracts if revenue doesn’t grow fast enough”.<\/p>\n
Shares in Nvidia, Broadcom, AMD and semiconductor and tech giants are coming under pressure after a report from the Wall Street Journal reported that OpenAI missed sales targets and user acquisition goals.<\/p>\n
Shares in Oracle, which has a tie-up with OpenAI, are down over 7% premarket.<\/p>\n
Microsoft is down around 1.5% after it announced a change to its partnership with OpenAI on Monday, where the Redmond company\u2019s license with OpenAI will no longer be exclusive, with no revenue-sharing element.<\/p>\n
“OpenAI is the poster child for AI and its capabilities and ambitions. Its touted IPO is expected to raise close to a $1 trillion, but if it is struggling with sales then it could limit its spending on data centres, which would be a blow to the speed of AI uptake,” said Brooks.<\/p>\n
“This news may threaten the AI investment theme that has driven US stock markets to record highs.”<\/p>\n
This comes ahead of some key earnings releases this week with five\u00a0of the ‘Magnificent 7’ reporting, four of whom have been massive hyperscalers committing hundreds of billions of dollars to AI investment per year.<\/p>\n
Today’s earnings include\u00a0Visa, Coca-Cola, Novartis, T-Mobile US, Corning, Welltower, Booking Holdings, S&P Global and Seagate Technology.<\/p>\n","protected":false},"excerpt":{"rendered":"Nasdaq leads Wall Street lower as chip stocks tumble, oil rises Proactive uses images sourced from Shutterstock 4:15pm:…\n","protected":false},"author":2,"featured_media":21142,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[5541,14827,7444,7945,14825,14826,588,157,14824,701,3514],"class_list":{"0":"post-21141","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-openai","8":"tag-oil-prices","9":"tag-chip-stocks","10":"tag-dow","11":"tag-investor-sentiment","12":"tag-kathleen-brooks","13":"tag-mustgrow-biologics-corp","14":"tag-nasdaq","15":"tag-openai","16":"tag-southeastern-united-states","17":"tag-wall-street","18":"tag-wall-street-journal"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/21141","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=21141"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/21141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/21142"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=21141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=21141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=21141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Nasdaq](\"https:\/\/www.europesays.com\/ai\/wp-content\/uploads\/2026\/04\/6780db73a12ac5f686b15b32391cb39a.jpeg\")
Nasdaq leads Wall Street lower as chip stocks tumble, oil rises Proactive uses images sourced from Shutterstock 4:15pm: Stocks close lower <\/p>\n