The Wall Street Journal reported Monday that OpenAI fell short of multiple monthly revenue targets in early 2026 and missed an internal goal to reach 1 billion weekly active ChatGPT users by year-end, with Anthropic gaining ground in coding and enterprise and Google expanding its consumer share. CFO Sarah Friar privately warned colleagues that if revenue growth does not accelerate, OpenAI may be unable to honor its compute contracts; she has also raised doubts about the company's readiness for the IPO Sam Altman has promised, according to CNBC. Both executives jointly dismissed the report as "ridiculous," but the news sent AI infrastructure stocks lower—Oracle fell 4%, Broadcom and AMD dropped 3–4%. Fortune notes the timing is poor for a company ramping toward an IPO while carrying $660 billion in committed compute spending.