OpenAI misses revenue, is the AI bubble bursting?
cnbc.com
April 28, 2026
3 min read
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44/100
Summary
OpenAI reportedly missed internal revenue targets, causing shares of Oracle to drop 4% and chipmakers Broadcom and Advanced Micro Devices to decline by 4% and 3%, respectively. Nvidia's shares also fell by more than 1%.
Key Takeaways
- OpenAI reportedly missed its internal growth expectations for user growth and revenue, raising concerns about its financial sustainability.
- Shares of Oracle fell 4% following the report, while chipmakers Broadcom and AMD declined by 4% and 3%, respectively.
- OpenAI closed a record-breaking $122 billion funding round at a post-money valuation of $852 billion.
- Competition in enterprise AI is intensifying, with companies like Anthropic and Google's Gemini gaining traction among corporate customers.
Coverage & discussions
Hacker News · cnbc.com
Community discussions
Community Sentiment
Positives
- AI's inherent parallelism offers significant scalability potential, suggesting that future advancements in model performance could continue despite current challenges.
- Claude and Claude Code remain valuable tools for corporate users, indicating a level of resilience in demand despite recent performance concerns.
Concerns
- OpenAI's current valuation and revenue targets are seen as speculative, raising doubts about the sustainability of its business model in the long term.
- Concerns are growing that companies may struggle to make substantial improvements to their AI models as market pressures increase.
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