OpenAI Growth Miss Tanks Nvidia, AMD Shares

Shares of Nvidia, AMD, and other tech firms fell sharply after the Wall Street Journal reported OpenAI missed its 2025 user growth and revenue targets for ChatGPT. Nvidia dropped over 3% while AMD fell 11%. OpenAI dismissed the report as "prime clickbait" and said it is "firing on all cylinders." The report raises concerns ahead of OpenAI's expected IPO, targeting a $1 trillion valuation as soon as Q4. Meanwhile, rival Anthropic has surpassed OpenAI in annualized run rate, reaching $30 billion versus OpenAI's $24 billion, and is also preparing for a potential stock market listing.