Advanced Micro Devices Shares Slip on OpenAI IPO Delay; Micron Off 5%
AMD•Advanced Micro Devices saw its shares decline as AI-linked chipmakers traded lower following reports that OpenAI may delay its IPO to 2027. The selloff extended to memory-chip peers, with Micron off roughly 5% in premarket trading, reflecting cooling demand for AI infrastructure components.
1. OpenAI IPO Delay Sparks Chip Selloff
Reports of a potential OpenAI IPO postponement to 2027 triggered a broad selloff in AI-linked chip stocks. Investors reduced positions in companies tied to artificial intelligence spending, reflecting uncertainty over near-term capital inflows.
2. Advanced Micro Devices Performance
Advanced Micro Devices shares declined alongside peers Nvidia, Broadcom and Arm, while memory-chip players Micron and Western Digital fell over 5% premarket. Semiconductor equipment makers Applied Materials and ASML also saw losses as weakness spread across the supply chain.
3. Implications for AI Infrastructure Demand
The pullback underscores investor caution around demand for AI infrastructure, as memory shortages and delayed funding could pressure revenue growth. Market participants will monitor client spending commitments and contract timelines to assess recovery prospects.
