April 28 (Reuters) - The Nasdaq Composite opened lower
on Tuesday, underperforming the benchmark S&P 500 and the
blue-chip Dow, as investors questioned whether the artificial
intelligence boom can deliver meaningful growth for technology
stocks.
The Wall Street Journal reported that AI heavyweight OpenAI
had missed internal targets for weekly users and revenue,
raising concerns over the ChatGPT parent's ability to support
its massive spending on data centers.
The Dow Jones Industrial Average rose 109.0 points,
or 0.22%, at the open to 49,276.8. The S&P 500 fell 40.2
points, or 0.56%, at the open to 7,133.74, while the Nasdaq
Composite dropped 277.5 points, or 1.12%, to 24,609.574.
(Reporting by Niket Nishant and Utkarsh Hathi in Bengaluru;
Editing by Devika Syamnath)