AI Chip Stocks Drop on OpenAI IPO Delay Report
Several major AI chip stocks, including Broadcom (AVGO), AMD (AMD), and Micron Technology (MU), fell sharply in early trading due to a report that OpenAI may delay its highly anticipated IPO until next year. The PHLX Semiconductor Index has shown significant gains since the start of the AI boom but remains volatile.
Topics: AI stocks IPO delay semiconductors