U.S. tech stocks experienced a significant sell-off as OpenAI's decision to delay its IPO until next year triggered market concerns. The delay, attributed to heightened volatility in AI stocks and weak market sentiment, has led to a broader decline in chip and storage sectors. JPMorgan's analysis suggests that the postponement raises doubts about the sustainability of AI infrastructure investments, potentially dampening funding enthusiasm in both primary and secondary markets. This could slow the expansion of AI computing infrastructure and capital expenditure across the supply chain.