AI stocks slip on OpenAI revenue miss, oil rises on Iran Strait proposal
AI-linked stocks fell in premarket trading after a Wall Street Journal report revealed that OpenAI missed internal revenue and user targets. Meanwhile, oil prices rose following Iran's proposal to reopen the Strait of Hormuz.
Key facts
- OpenAI missed internal revenue and user targets
- Wall Street Journal reported the miss
- AI-linked stocks slipped in premarket trading
- Oil prices rose on Iran's proposal to reopen the Strait of Hormuz
Entities
Institutions
- OpenAI
- Wall Street Journal
Locations
- Iran
- Strait of Hormuz
Sources
- Quartz —