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Shares of companies tied to artificial intelligence infrastructure tumbled in early trading Tuesday after a report that OpenAI has fallen short of internal growth expectations, raising fresh questions.
Shares of companies tied to artificial intelligence infrastructure tumbled in early trading Tuesday after a report that OpenAI has fallen short of internal growth expectations, raising fresh questions about whether the pace of spending across the sector is sustainable. Oracle dropped about 7.5% in premarket trading Tuesday. Oracle has a $300 billion, five-year partnership to supply computing power to OpenAI for AI operations. Chipmakers including Nvidia , Broadcom and Advanced Micro Devices declined between roughly 2% and 5%. Qualcomm pulled back 3.5%. The stock had gotten a slight boost Monda