AI Stocks Plunge as OpenAI Reportedly Seeks Government Investment

Absolutely brutal day for AI fantasies:

Nvidia $NVDA: down 6.2% Broadcom $AVGO: down 7.92% Coreweave $CRWV: down 7.07% Nebius $NBIS: down 12.27% Oracle $ORCL: down 9.59%

Worst of all?

OpenAI is rumored to be looking for government to invest, a huge sign of weakness.

Less than 24 hours after the S&P said no to fast-tracking, things are looking very different.