US stocks today: Nasdaq drops over 1% at open as fresh concerns around AI pressure tech stocks
Published on: April 28, 2026, 7:06 p.m. | Source: The Economic Times
The Nasdaq Composite opened lower, lagging behind the S&P 500 and Dow, as investor confidence in the AI boom wavered. Concerns arose after OpenAI reportedly missed user and revenue targets, casting doubt on its ability to fund substantial data center expenditures. This news impacted technology stocks, leading to a significant drop in the Nasdaq.
