The Wall Street Journal reported that OpenAI recently failed to meet its user growth and revenue expectations. This shortfall has raised concerns within the company about its ability to afford the huge capital investment needed to build data centers and ensure long-term computing capacity.
It is reported that the chief financial officer, Sarah Friar, warned colleagues that if revenue growth does not accelerate, the company may have difficulty paying for future computing agreements.
OpenAI refuted the report. “This is absurd. We are fully committed to purchasing as many computing resources as possible and are working hard on it every day,” the company told CNBC.
Oracle defended OpenAI’s growth trajectory, saying it had witnessed firsthand the accelerating pace at which OpenAI’s technology was being adopted.
“We are extremely excited about our collaboration with OpenAI and will continue to focus on building and delivering the capacity they need to support the rapidly growing demand,” an Oracle spokesperson said. “OpenAI’s new 5.5 model is a significant advancement, and we expect this momentum to continue as its technology becomes more widespread among cloud service providers.”
OpenAI launched the ChatGPT chatbot in 2022, igniting a wave of enthusiasm for artificial intelligence. The company recently completed a record-breaking $122 billion financing round, with a post-money valuation reaching $852 billion.
Mizuho Securities’ TMT industry expert Jordan Klein wrote in a report, “This round of financing was completed at the end of March, when the quarter had already ended. So how quickly could OAI’s growth slow down? It’s not even May 1st yet. I’m highly skeptical that OAI’s fundamentals could slow down so rapidly in less than 30 days.”
Meanwhile, competition in the enterprise artificial intelligence sector is heating up. Anthropic’s products are increasingly favored by enterprise customers, and as more enterprises adopt services from multiple suppliers, Google’s Gemini model is also gaining strong momentum.
However, some investors questioned whether the report would have a substantive impact on the broader outlook for artificial intelligence spending.
“I think this article is largely a restatement of what we already know: OpenAI’s growth seems to have slowed down towards the end of 2025 and the beginning of 2026 as its market share was eroded by Anthropic and Gemini,” said John Belton, portfolio manager at Gabelli Funds. “There’s nothing in the article to suggest that this will affect the overall spending pace in the industry; rather, it’s more of a confirmation of OpenAI’s recent market share trends.”
Others, however, stress that applying traditional metrics to the current AI cycle is very difficult. Luke Rahbari, CEO of Equity Armor Investments, said that given the rapid development of the industry and the imprecision of predictions, revenue shortfalls should be viewed with caution.
In the long run, OpenAI’s failure to meet its revenue targets is just a distraction. In the current AI field, these predictions are largely subjective. In this highly competitive industry, no major company can keep the error of its revenue or capital expenditure predictions within 25% to 50%.
Technical analysis:
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Gold: The price dropped below the yellow zone we were alerted to by the plugin yesterday, but it did not rebound above 4638. Therefore, the entry condition for the buy we wanted was not triggered. The key support and resistance level for today has now shifted to 4600/4620. Only after a confirmed break and retest should we consider buying. For detailed positions, please consult the plugin.
(Gold 15-minute chart)
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Nasdaq: The yellow alert zone we mentioned yesterday through the plugin was quite effective. After breaking through it, a clear rebound and recovery trend has emerged. Long positions should be cautious and consider reducing positions for protection after further recovery to 27,150. For today, continue to maintain a focus on capturing buy signals after the liquidity sweep. For detailed positions, please consult the plugin.
(NASDAQ 15-minute chart)
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Crude oil: The direction is temporarily unclear. There is a risk of two-way sweeping liquidity. It is recommended to continue observing for one day. For detailed positions, please consult the plugin.
(Crude Oil 15-Minute Chart)
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Key economic data and events to focus on today:
17:00 Eurozone Industrial Sentiment Index for April
20:00 Germany April CPI MoM Preliminary Value
20:30 U.S. Housing Starts Annualized (in thousands) for March
