Nasdaq Composite Falls Amid OpenAI Misses Sales Targets and Oil Price Rise
The Nasdaq Composite (^IXIC) dropped sharply as Oracle (ORCL), Microsoft (MSFT), and CoreWeave (CRWV) fell due to concerns over OpenAI missing its sales targets, which raised doubts about the sustainability of AI infrastructure spending. Meanwhile, oil prices rose with WTI Crude nearing $100/barrel.
Tickers: $CAT $CRWV $GEV $MSFT $ORCL $VRT
Topics: AI capex CoreWeave Microsoft Nasdaq oil_prices OPEC OpenAI Oracle