A Wall Street Journal report on April 28, 2026, revealed OpenAI missed its internal revenue and user acquisition targets. CFO Sarah Friar questioned the sustainability of massive data center spending without accelerated revenue growth.
The news triggered a significant sell-off in AI-related stocks as investors reassessed growth projections. Shares of Oracle, SoftBank, Nvidia, and AMD all declined. The Nasdaq Composite fell over 1% in morning trading following the report.
CEO Sam Altman and CFO Sarah Friar issued a joint statement confirming alignment on computing power purchases. A company spokesperson dismissed the report as clickbait and claimed the business is firing on all cylinders. The spokesperson stated the enterprise segment is currently in its strongest position ever.