Shares of Kioxia, the Japanese memory chip manufacturer, fell 12% after it was revealed that OpenAI might delay its initial public offering. This movement affected companies linked to artificial intelligence, highlighting the sector's volatility. For citizens, this means that technology investments can impact savings or pension funds.
Memory chips: the weak link of AI 💾
Kioxia depends on demand for NAND memory for data centers and AI devices. OpenAI's delay reduces expectations for immediate growth, as its servers require high-capacity storage. Analysts point out that uncertainty about IPO dates for companies like OpenAI causes sharp movements in component manufacturers, without any real changes in the underlying technology.
OpenAI delays its IPO and Kioxia gets the scare 😅
Well, it turns out that if OpenAI decides to take a longer coffee break, Kioxia's shares faint. It seems the chip market depends more on headlines than on the chips themselves. Good thing savers were planning to retire with AI, because now they'll have to wait for OpenAI to finish breakfast to see if they recover anything.