New Report Drops OpenAI Bomb at Worst Possible Time

A recent Wall Street Journal report indicates that OpenAI failed to meet its internal revenue and weekly active user targets in early 2026. This news emerged just before US markets opened, causing a dip in AI-related stocks. The report attributes these misses partly to increased competition from rivals like Anthropic and Google's Gemini, particularly in developer-focused areas. OpenAI is currently aiming for a potential IPO valued at around $850 billion and has made significant compute commitments with cloud partners, including a restructured deal with Microsoft. Chief Financial Officer Sarah Friar has expressed concerns about aggressive capital expenditure potentially outpacing revenue if growth doesn't accelerate, and has reportedly stated OpenAI is not ready for its planned 2026 listing, contrasting with CEO Sam Altman's preference for a faster timeline and continued investment. The timing of the report has been criticized by figures like Jim Cramer, who suggested it was a deliberate "hit job" to destabilize AI stocks before earnings season. The situation highlights a broader market division regarding AI valuations, with bulls pointing to continued growth and skeptics raising concerns about burn rate and IPO readiness. Future AI and semiconductor earnings reports are expected to clarify which perspective will gain traction.

(Source：BeInCrypto)