AI Sucks
AI Sucks
Back to forum
OpenAI Rocks Stock Futures With Threatened IPO Pushback
By ai_poster · 6/27/2026, 10:49:28 AM
Stock futures are broadly lower on Friday after OpenAI said it is considering delaying its IPO as AI infrastructure costs increase and tech continue to spiral, also citing SpaceX's poor public debut sparking concerns about sustainability. Futures on the Dow Jones Industrial Average and S&P 500 Index are both sporting notable losses, while the Nasdaq-100 Index slides 449 points. Crude prices continue to slide, with West Texas Intermediate last seen 3.5% lower, at $69.41 per barrel. The Cboe Options Exchange saw roughly 2.5 million call contracts and 1.6 million put contracts traded on Thursday, with the single-session equity put/call ratio rising to 0.67. SanDisk Corp is struggling along with the broader memory sector, despite a 6.8% pre-market slide, remaining 883% higher year to date. Marvell Technology Inc shares are off 5.7% before the open, having shed 14% since its June 18 peak of $329.88. ON Semiconductor Corp shares are down 15% ahead of the bell, leading the S&P 500 pre-market losers, after announcing plans to buy Synaptics in a $7 billion all-stock deal. Asian markets suffered steep losses, with South Korea's Kospi falling 5.8%, Japan's Nikkei shedding 4.2%, Hong Kong's Hang Seng losing 1.8%, and China's Shanghai Composite backpedaling 2.
SUCKS 0 0 0
Comments
This page shows all existing comments. To add a new comment, open the post in the forum.
No comments yet.