---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40255549.md"
description: "The Wall Street Journal reported that OpenAI failed to meet sales and user growth targets for multiple quarters in 2026, and even ChatGPT did not reach the 1 billion weekly active user goal by the end of 2025, while user churn remains. This directly raises market concerns about its "cash-burning model"—if revenue cannot keep up, the sustainability of future massive computing power investments will be questioned.More importantly, there are structural changes:Anthropic is grabbing market share in enterprise and coding scenarios, Google Gemini's user-side performance is also catching up, OpenAI is no longer unilaterally leading but is under pressure from both sides.Over the past year, OpenAI-related targets have risen about 75%, while the Google chain has surged over 300%. Capital has already voted with its feet—shifting from the "strongest narrative" to "more certain realization."I personally have always had a relatively negative view of this person Altman. Recently, Microsoft has also distanced itself from him, and Musk continues to argue with him on X. Could this chain potentially crash U.S. tech stocks in the short term and create another golden pit? 🤔"
datetime: "2026-04-28T10:42:57.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40255549.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40255549.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40255549.md)
author: "[京城Z先生](https://longbridge.com/en/profiles/9198235.md)"
---

# The Wall Street Journal reported that OpenAI faile…


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## Comments (31)

- **半夜失眠人 · 2026-04-28T16:16:50.000Z**: Starving and waiting to be fed (嗷嗷待哺)
- **邹pietHk · 2026-04-28T15:05:36.000Z**: Is Z-lao's Marvel about to get on board?
- **Jerck · 2026-04-28T14:05:13.000Z**: Bullish on AI, not bullish on OpenAI
- **吉姆哈克的交易员 · 2026-04-28T14:04:05.000Z · 👍 4**: 1. Not reaching 1 billion weekly active users doesn't equal growth failure.1 billion weekly active users was an extremely aggressive target from the start. Missing internal targets only indicates overly optimistic expectations, it doesn't directly imply that product demand has peaked.2. The cash-bur
- **97金犇 · 2026-04-28T13:41:57.000Z · 👍 2**: Good, we'll see how the earnings reports from Microsoft and others go, then we can buy.
- **复利践行者 · 2026-04-28T13:07:41.000Z · 👍 1**: But Codex is really easy to use. In China, using Trae and wanting to use a GLM5.1 model requires queuing for over ten minutes. It's still in short supply at the moment.
  - **京城Z先生** (2026-04-28T13:20:56.000Z): Explain in detail why it's so good to use. The queueing issue is probably just a collective lack of computing power.
  - **复利践行者** (2026-04-28T13:53:00.000Z): In terms of language comprehension, reasoning ability, coding ability, and agent capabilities, it's better than trae. However, the company doesn't reimburse VPN expenses, so I only used it for a short
  - **复利践行者** (2026-04-28T13:57:51.000Z): This is purely my personal feeling, not saying that OpenAI can definitely beat the other two. 😂
- **慢慢变富的月色 · 2026-04-28T13:06:29.000Z**: Hope there's a golden opportunity (dip), take me along for the ride.
- **读书郎的小金库 · 2026-04-28T12:03:15.000Z**: How arrogant it was back then, how miserable it is now. What's next is Claude Code.
- **呼噜噜壮仔 · 2026-04-28T11:49:43.000Z · 👍 4**: If there's another instance of Anthropic or Google Gemini's sales and growth significantly exceeding expectations, it probably won't trigger market-wide concerns about AI. It can be concluded that it's just this giant's problem, not the entire sector. It feels like OpenAI is currently underperformin
- **CQCP · 2026-04-28T11:31:33.000Z**: Mr. Z, I heard Luxshare is also competing in North America. What's your take?
  - **京城Z先生** (2026-04-28T11:48:14.000Z): Only a real point up is a positive signal.
- **保温壶里泡枸杞 · 2026-04-28T11:11:09.000Z**: The market doesn’t care about explanations; it just speculates whether it’s an AI bubble, then another round of selling hits 😃
- **股魔大霍 · 2026-04-28T11:03:37.000Z · 👍 1**: Microsoft's spin-off is well done, it's true that good companies will work hard on their own.
- **SSerpens · 2026-04-28T10:52:46.000Z · 👍 4**: The recent surge in NVIDIA should be related to the improvement in codex and gpt5.5 capabilities. Since I've been using codex consistently, I'm currently optimistic about it.
  - **十个十七** (2026-04-28T11:09:31.000Z): Claude4.7 really sucks
  - **SSerpens** (2026-04-28T11:13:17.000Z): GPT is currently making steady progress with small steps, and its CC text capabilities remain very strong. However, GPT is taking the multimodal route, and image2 is also quite impressive.
- **十个十七 · 2026-04-28T10:51:16.000Z · 👍 5**: The market is trying to use ghost stories to shake out weak hands again.
  - **京城Z先生** (2026-04-28T10:57:29.000Z): The tech sector is fine, but OpenAI really has problems.
  - **跟顾神反着买** (2026-04-28T11:13:49.000Z): This sentence is awesome
- **韭條悟 · 2026-04-28T10:50:04.000Z · 👍 9**: Bullish on AI, but not bullish on OpenAI
  - **京城Z先生** (2026-04-28T10:57:38.000Z): Same
- **CQCP · 2026-04-28T10:49:58.000Z · 👍 1**: Z bro is eagerly longing to go all in.
- **天地之鉴也 · 2026-04-28T10:47:53.000Z · 👍 1**: Z's cash position is itching to go in～