US stocks slide on chip and AI sell-off; OpenAI reportedly delays IPO to 2027
By
Khushi Singh
Summary
US stock indexes ended lower amid a sell-off in heavyweight chip and AI stocks, dragging the Nasdaq. The decline followed reports that OpenAI is considering pushing its IPO to 2027. Semiconductor stocks also suffered. Meanwhile, European markets remained steady and Asian markets were mixed.
Source
bskyUS stocks slide on chip and AI sell-off; OpenAI reportedly delays IPO to 2027seekingalpha.comKey quotes
· 3 pulledUS stock indexes ended the lower amid a self-off in heavyweight chip producers.
AI and memory stocks saw declines, dragging the Nasdaq, after OpenAI (OPENAI) reportedly is considering pushing its IPO to 2027.
Semiconductor stocks also suffered.
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