AI chip stocks including Broadcom, AMD and Micron declined sharply on Friday after reports that OpenAI will delay its IPO until next year due to volatility following SpaceX’s IPO debut. OpenAI’s $1.4 trillion data-center commitments could see reduced near-term chip orders, pressuring Broadcom’s sales guidance.
On June 26, shares of Broadcom fell alongside other AI chip names such as AMD and Micron following reports that OpenAI plans to postpone its initial public offering until next year. The decision was attributed to market turbulence triggered by SpaceX’s recent IPO debut, which rattled investor confidence in high-growth tech listings.
OpenAI holds approximately $1.4 trillion in data-center purchase commitments for AI infrastructure, making it one of the largest chip consumers. A delayed public listing may limit its access to fresh capital, potentially deferring planned chip deployments and pressuring Broadcom’s upcoming quarterly revenue targets.
Despite the near-term setback, enterprises continue investing in AI-driven data centers across sectors such as cloud computing, telecommunications and automotive. Broadcom’s broad portfolio of networking and accelerator solutions positions it to benefit from resumed chip ordering cycles once IPO-related volatility subsides.
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