An OpenAI spokesperson told Bloomberg that the company is “firing on all cylinders” and seeing strong demand growth from enterprise customers and for its advertising business. OpenAI continues to see its push for more computing capacity as “the great enabler, allowing it to “deliver a better product experience to our customers, the company added, according to Bloomberg. Companies exposed to OpenAI like Oracle (ORCL) and CoreWeave (CRWV), as well as to the buildout of data centers, like GE Vernova (GEV) and Vertiv (VRT), are trading down after the Wall Street Journal reported that OpenAI missed its internal growth targets.
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