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What happened: Oracle ( ORCL ) and CoreWeave ( CRWV ) came out in support of OpenAI on Tuesday after the Wall Street Journal reported that the AI developer recently missed sales and user targets, rene.
What happened: Oracle ( ORCL ) and CoreWeave ( CRWV ) came out in support of OpenAI on Tuesday after the Wall Street Journal reported that the AI developer recently missed sales and user targets, renewing concerns about overspending in the sector. Stock market reaction: Shares of companies partnering with OpenAI sank after the report signaled that OpenAIโs business was slowing. Software giant Oracle and data center provider CoreWeave closed down roughly 4% and 5%, respectively. Oracle defended the AI developer on X, writing, โWeโre incredibly excited about our partnership with OpenAI and remai
