tech

April 28, 2026

OpenAI's growth may be sputtering. These are the stocks most at risk

Oracle, Amazon, Microsoft could see hiccups as other chatbots gain market share

OpenAI's growth may be sputtering. These are the stocks most at risk

TL;DR

  • OpenAI reportedly missed recent targets for new users and revenue, raising concerns about future computing costs.
  • Key partners like Oracle (with a $300 billion pledge) and Microsoft (with a $250 billion pledge) could be significantly affected.
  • Amazon, with about $140 billion in commitments, and AI-dedicated cloud provider CoreWeave are also closely linked.
  • Analysts attribute the potential slowdown to increased competition from Anthropic and Google Gemini.
  • The market may have already priced in a moderation of OpenAI's growth, with some investors viewing the report as a rehash of known information.
  • OpenAI's updated partnership with Microsoft is now non-exclusive and may be geared towards a Copilot-led strategy.

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