How did Nvidia, Micron, and AMD perform?

All three stocks fell sharply as they are key beneficiaries of AI chip demand.

Were other companies affected?

Yes, Broadcom (AVGO) and Cisco (CSCO) also declined, reflecting a broader tech sector selloff.

Chip Stocks Plunge on OpenAI IPO Delay Report

Shares of chipmakers including Nvidia, Micron, and AMD fell sharply on Friday following reports that OpenAI is delaying its initial public offering, raising fears of a slowdown in AI-related spending.

June 26, 2026

2 min read

Source: GuruFocus.com

Semiconductor stocks experienced a sharp decline on Friday after a report indicated that OpenAI may postpone its initial public offering (IPO) indefinitely, triggering a broad selloff in AI and memory chip stocks.

Potential Causes

The report suggested OpenAI could delay its IPO, raising investor concerns about a potential slowdown in AI infrastructure spending. Companies like Nvidia (NVDA), Micron (MU), and AMD (AMD) are major beneficiaries of rising demand for AI chips, and any slowdown could negatively impact their revenues.

Context

The selloff comes after a strong run for chip stocks in recent months, led by Nvidia's surge on demand for its AI chips. Micron has also benefited from higher memory prices, while AMD has gained traction in the AI chip market.

Similar Moves in the Sector

The losses were not limited to the mentioned stocks; other companies like Broadcom (AVGO) and Cisco (CSCO) also fell, indicating a broad tech selloff.

Frequently Asked Questions

Reports that OpenAI may delay its IPO sparked fears of a slowdown in AI spending, leading to a broad selloff in chip stocks.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.