AMD Stock Tumbles Nearly 5% After OpenAI Revenue Target Shortfall

TLDR Shares of AMD declined approximately 4.8% Tuesday after the Wall Street Journal published details about OpenAI’s failure to achieve internal revenue and user engagement benchmarks ChatGPT failed to attract one billion weekly active users during 2025, while revenue expansion decelerated Market share shifted toward rival platforms including Anthropic’s Claude and Google’s Gemini OpenAI maintains a procurement contract with AMD for data center hardware, sparking worries about declining chip orders AMD’s Q1 financial results arrive May 5, with analyst consensus forecasting $1.28 EPS and $9.87 billion in sales Shares of Advanced Micro Devices tumbled Tuesday following a Wall Street Journal investigation exposing how OpenAI underperformed against its proprietary 2025 benchmarks for both revenue generation and user acquisition. Advanced Micro Devices, Inc., AMD According to the Journal’s findings, OpenAI fell short of attracting one billion weekly active ChatGPT users throughout the previous year. The company’s revenue expansion also experienced notable deceleration. Meanwhile, users increasingly migrated toward competing artificial intelligence platforms, particularly Anthropic’s Claude assistant and Alphabet’s Gemini product. OpenAI disputed the characterization, labeling the Journal’s reporting as “ridiculous.” However, this rebuttal failed to reassure market participants. AMD plummeted as much as 4.8% during morning trading sessions. The stock ultimately settled with a decline of roughly 3.72% by market close. The sell-pressure extended across the entire AI semiconductor sector. Given that OpenAI maintains an active procurement arrangement with AMD for data center infrastructure components, market participants expressed anxiety that decelerating growth at OpenAI might translate to diminished semiconductor purchasing activity going forward. Analyzing the Market Reaction to AMD Certain market analysts have challenged whether the magnitude of Tuesday’s decline was...