New Delhi, April 28 -- The S&P 500 and the Nasdaq dropped on Tuesday on concerns over the artificial intelligence boom.

At the open, the Dow Jones Industrial Average rose 109.0 points, or 0.22%, to 49,276.8. The S&P 500 fell 40.2 points, or 0.56%, to 7,133.74​, while the Nasdaq Composite dropped 277.5 points, or 1.12%, to 24,609.574.

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.

Published by HT Digital Content Services with permission from MINT....