Market watchers attributed the decline in stocks to the hot January producer price index.
OpenAI CEO Sam Altman speaks during Snowflake Summit 2025 in San Francisco on June 2, 2025. Justin Sullivan/Getty Images
U.S. stocks ignored OpenAI’s announcement that it successfully completed a $110 billion funding round on Feb. 27.
Amazon invested $50 billion, Nvidia allocated $30 billion, and Japan’s SoftBank dedicated $30 billion in the latest funding round, the tech giant said in a news release. Other investors are expected to pour money into OpenAI.
