Broadcom, Micron, AMD, and Other AI Chip Stocks Slumped on Friday. You Can Thank OpenAI and SpaceX.

AI chip stocks including Broadcom, AMD, Micron, and SanDisk declined on Friday after reports that OpenAI plans to delay its IPO until next year. The delay was attributed to volatility following SpaceX's recent IPO debut and concerns about AI adoption pace. Since OpenAI is a major consumer of AI chips with $1.4 trillion in data center commitments, the postponed IPO could reduce near-term cash influx for chip purchases, though long-term demand for AI infrastructure remains strong.