OpenAI Misses Targets, AI Stocks Slide ~1%

Equity indexes fell on April 28, 2026, with S&P down 0.5% to 7,139.24, Nasdaq down 0.9% to 24,663.80, Dow down 0.1% to 49,136.15.
OpenAI missed its internal goal of 1 billion weekly active ChatGPT users by 2025 and several monthly revenue targets, prompting cost‑control measures.
Shares of AI‑linked firms fell, with Oracle down 4.1%, CoreWeave down 5.8%, Nvidia and SoftBank losing over 7%, while Microsoft rebounded.
Energy concerns rose as Brent crude climbed amid a near‑closed Strait of Hormuz, and the BoJ kept rates at 0.75% despite dissent.