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The month Generative AI lost its mojo

Reports that OpenAI is delaying its IPO until next year have caused tech stocks to fall globally. The news has specifically impacted chip stocks and SoftBank shares. Some analysts suggest this development could be a death knell for AI stocks in 2026.

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What changed

Reports of an OpenAI IPO delay have triggered a global decline in tech and chip stocks.

Live updates

  1. OpenAI IPO Delay Rattles Global Tech Stocks

    Reports that OpenAI is delaying its IPO until next year have caused tech stocks to fall globally. The news has specifically impacted chip stocks and SoftBank shares. Some analysts suggest this development could be a death knell for AI stocks in 2026.

    What's confirmed:

    • OpenAI is leaning toward waiting until next year for its IPO.
    • SoftBank shares tumbled following reports of the OpenAI IPO delay.
    • Global tech stocks fell as the reported IPO delay increased AI concerns.
    • The Dow, S&P 500, and Nasdaq wavered as chip stocks were rattled by the IPO news.

    Still unconfirmed:

    • SpaceX may have taken the oxygen away from OpenAI's IPO plans.
    confidence 90%