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Tech stocks drag Nasdaq lower on OpenAI revenue report

Original: nasdaq index

US tech stocks fell, pulling the Nasdaq lower, after a report claimed OpenAI's revenue was declining and as bond yields remained high. Investors sold major technology shares on concerns that weakness in artificial intelligence revenues could weigh on the broader sector, with rising yields adding further pressure to growth stocks.

Why now: A report on falling OpenAI revenue and high yields hit tech shares, moving a closely watched index.

NasdaqOpenAIThe Economic Times

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Evidence

• Tech stocks drag Nasdaq lower on report of OpenAI revenue fall, high yields · The Economic Times

API: https://socialmediatrends-api.osmike.com/v1/trends/1525860