Broadcom, Micron, AMD, and Other AI Chip Stocks Drop on Friday Amid Reports of OpenAI IPO Delay
On June 26, 2026, several major AI chip stocks including Broadcom (AVGO), Advanced Micro Devices (AMD), Micron Technology (MU), and Sandisk (SNDK) experienced sharp declines due to reports that OpenAI may delay its planned initial public offering until next year. The PHLX Semiconductor Index has shown significant gains since 2023 but remains volatile.
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