New York, April 28 (CNA) The Nasdaq composite index, heavily weighted with technology stocks, fell more than 1% at market open today after media reports indicated that artificial intelligence (AI) startup OpenAI failed to meet its new user growth and sales targets, raising concerns that the company might struggle to sustain its massive AI infrastructure expenditures.

The Dow Jones Industrial Average rose slightly by 109.0 points, or 0.22%, to 49276.8 points.

The S&P 500 index opened down 40.2 points, or 0.56%, at 7133.74 points.

The technology-heavy Nasdaq index, however, dropped 277.5 points, or 1.12%, to 24609.57 points at open. (Edited by Liu Shu-chin) 1150428

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  • Source: CNA (Central News Agency)
  • Category: Taiwan
  • Organizations: OpenAI