Live from the NASAC market site in the heart of New York City's Times Square, this is fast money.

Here's what's on top tonight.

Hyperscalers under pressure in the NASAC pulling back from records as Open AI CFO suggests

things may not be so rosy in AI land, what it means for the big tech trade and the recent

rally to all-time highs.

Plus an OPEC shake-up, WTI briefly breaking back above $100 after the UAE says it is leaving the energy block. We'll dig into the move and the impact on the stocks in the space. And later, a slew of after-hours' earnings on our radar, all the details moving shares of Seagate, Starbucks, Robin Hood, and Visa, and how you should play the names right now. I'm Melissa Lee. Come to you live from Studio B at the NASDAQ on the desk tonight. Tim Seymour, Karen Feiderman, Dan Nathan, and Guy Adami. We start off with the eye-opening report from the Wall Street Journal that Open AI has fallen short of its own revenue and user growth targets. The news putting pressure on the tech-heavy NASDAQ off by almost a percent after closing

at record highs just yesterday.

In a statement, OpenAI called any suggestion it is pulling back from securing new resources,

quote, ridiculous.

But still, its infrastructure partners were among today's biggest laggards, as investors once

again questioned the pace of spending across the sector.

Oracle, which is the company's largest cloud provider, down 4%.

NeoCloud stock Corweave dropping by nearly six.

Chipmakers also taking a hit, Nvidia down almost 2%.

Broadcom seeing its worst days since January.

Now, tomorrow we will hear more on hyperscalor spending plans

when Microsoft, Alphabet, Meta, and Amazon all report after the

closes. Companies alone represent roughly $12 trillion in market value. Microsoft, the only one higher

today, but maybe a bright spot for the AI trade after the close. Memory giant Seagate

surging after reporting its earnings, revenue and current quarter guidance came in well ahead of

estimates. The report helping the likes of

Western Digital Sandisk and Micron recoup some, if not all of the day's losses. So let's get

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