Key Points
Advanced Micro Devices (NASDAQ: AMD) saw its stock fall by 2.9% as of 10:55 a.m. ET on Friday, reflecting growing concerns regarding the health of the artificial intelligence economy, particularly following recent developments with OpenAI.
OpenAI’s CEO, Sam Altman, is contemplating delaying the company’s initial public offering (IPO) due to the significant value drop observed with SpaceX, which lost $600 billion in market capitalization shortly after its IPO. Advisors suggest Altman wait for a potential trillion-dollar valuation by 2027 or proceed with an IPO in 2026, which could result in a lower valuation. This delay could impact AMD’s future sales, though the company has a signed deal to supply tens of billions of dollars’ worth of chips over the next five years.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
