Friday, 26 June, 2026
AI Cold Shower: OpenAI IPO Delay Plunges Kioxia Shares 12%
By TechShots Studio
Japanese chipmaker Kioxia’s shares plummeted 12% following reports that ChatGPT-maker OpenAI may delay its highly anticipated initial public offering until next year. The news shook investor confidence in the red-hot artificial intelligence market, triggering a broader tech rout across Asian exchanges. Despite the sudden market downturn, Kioxia remains confident in long-term AI memory demand, preserving plans for its upcoming U.S. listing.