Can an OpenAI IPO delay derail the AI chip rally? Here's why it matters
Awaiting price reaction for this filing.
A New York Times report suggesting OpenAI may delay its IPO until 2027 triggered a broad sell-off in global technology stocks on Friday, with the ChatGPT maker's backer SoftBank Group plunging 13%, its steepest one-day decline since August 2024. South Korea's Kospi index saw a brief trading halt, while Wall Street chipmakers and major tech stocks also traded lower as investor concerns grew over whether the AI investment boom can sustain its momentum. CEO Sam Altman has reportedly been pushing advisers toward a $1 trillion valuation target, though bankers have warned that tech stock volatility could weaken investor appetite for the offering, originally targeted for the second half of 2026 or as soon as this fall.