And we've got two legitimate market-movers impacting markets this morning…
First: The Wall Street Journal is reporting that OpenAI missed multiple internal revenue targets and user-growth goals in recent months, including falling short of its 1 billion weekly active users target by end of 2025.
The company's own CFO is raising concerns about funding its massive data-center commitments as it races toward an IPO.
That's why the AI trade is getting smoked in the pre-market.
Oracle is down over 7% in premarket. NVDA, AMD, Broadcom, and the rest of the chip complex are all bleeding hard.
It's the first real crack in the AI growth narrative that's been propping up half the market.
Second: Oil is moving sharply amid ongoing OPEC+ production dynamics and Middle East tensions. The UAE just announced its leaving the cartel.
Oil is surging higher while tech is rolling over.
Don's breaking all of this down live at 9:20 am ET with the exact levels, setups, and what it means for your watchlist.
If you're trading the open today, you need to be here.
— TheoTrade