Futures Drop, Chips Resume Slide As OpenAI IPO Delay Dents Sentiment
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Source: Zero Hedge
Published: 2026-06-26 22:31 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Education, Religion, South Korea, Technology & AI, Energy, Financial Markets, Trade & Sanctions, World News, Business & Economy, Technology
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Snippet:
Futures point to a lower start for cash trading on the last day of the week, as tech stocks dragged global indexes lower following renewed selling in chipmakers, while a report that OpenAI could postpone plans to go public also weighed on sentiment. The volatility reflects a valuation test, profit‑taking and flow-driven positioning, according to Christian Stocker, equity strategist at UniCredit, who suggests it’s a “temporary correction within a still-intact long-term AI growth trend.” As of 8:00am ET, Nasdaq 100
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