OpenAI is ‘strongly positioned,’ says Wedbush’s Dan Ives

OpenAI is planning $600 billion in compute spending through 2030, but recent reports reveal the company missed internal targets including 1 billion ChatGPT weekly active users (achieved ~900M by February) and monthly revenue goals. CFO Sarah Friar warned colleagues of funding challenges, triggering a selloff in AI-linked stocks including Oracle, CoreWeave, Nvidia, and AMD. Wedbush Securities analysts characterized the market reaction as an overreaction, arguing OpenAI remains strongly positioned with robust demand.