Analysis: Rumors of OpenAI IPO delay impact market sentiment, US stock futures drop, tech and chip sectors lead the decline

Odaily reported that US stock futures collectively fell on Friday, with the technology sector leading the decline. Concerns about rising AI infrastructure costs and a slowdown in financing pace have intensified. Nasdaq 100 futures fell 1.2%, S&P 500 futures dropped 0.5%, and Dow Jones futures slipped by 67 points (-0.1%). Chip stocks generally weakened, after reports surfaced that OpenAI is considering delaying its IPO until next year due to increased volatility in AI-related stocks, unstable market sentiment, and even being affected by SpaceX's weak performance after its own listing.

The JPMorgan trading team pointed out that this news reinforces market worries about the sustainability of investment in AI infrastructure and could impact the pace of future capital market financing. Vital Knowledge analyst Adam Crisafulli also stated that a delayed IPO may slow the overall expansion rate of spending on AI infrastructure.

In the chip sector, Philadelphia Semiconductor-related stocks came under pressure, with ON Semiconductor plunging more than 13% due to its acquisition of Synaptics. Both Micron Technology and another exchange posted declines of over 5%. The XLK, which tracks the technology sector, dropped 1.6%, extending losses from the previous trading day. (CNBC)