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Barchart
Barchart
Rob Isbitts

Why OpenAI’s Delayed IPO Filing May Have Just Been the Death Knell for AI Stocks in 2026

AI stocks will crash, with many current leaders losing 50% of their value from their peaks.

The answer to “why?” requires us to go back a few weeks to June 8, 2026. That’s when OpenAI announced it had confidentially filed its S-1 paperwork with the SEC. The hype machine was working overtime, with bankers floating an unprecedented public valuation target of up to $1 trillion.

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