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- Apr 28 Nasdaq Slides 1.3% as OpenAI Revenue Fears Rattle Tech; Oil Retests $100 on Hormuz Blockade
Apr 28 Nasdaq Slides 1.3% as OpenAI Revenue Fears Rattle Tech; Oil Retests $100 on Hormuz Blockade
$SPOT $UPS
Mukund Mohan
April 28, 2026
Market
“The "AI Satiety" phase has arrived. After a historic run, investors are punishing tech names following reports that OpenAI missed key internal targets.” 😊 😋
US stocks trade lower as AI growth concerns weigh on technology
OpenAI missed growth targets according to WSJ. This ignited a broad sell-off across the "AI Infrastructure" stack, with $NVDA ( ▼ 1.59% ) Nvidia, $AMD ( ▼ 3.41% ) AMD, and $ORCL ( ▼ 4.05% ) Oracle all seeing mid-single-digit drawdowns. Compounding the tech jitters, the Strait of Hormuz remains a logistical choke point; despite rumors of a revised peace proposal from Tehran, WTI Crude surged back toward $100.
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