The headline attributes part of the market decline to Apple’s price adjustments tied to memory supply constraints, which can affect near-term investor sentiment across tech.
LIVE Tech stocks live: Tech sells off as OpenAI weighs delaying IPO until 2027 Daniel Howley · Technology Editor Updated Fri, June 26, 2026 at 4:58 PM GMT+2 1 min read MU ^IXIC AAPL SPCX A sell-off in tech stocks intensified on Friday as Micron ( MU ) and other memory stocks declined and the New York Times reported that OpenAI ( OPAI. PVT ) may delay its initial public offering. According to the report, the reaction to SpaceX's ( SPCX ) IPO is one reason for OpenAI's caution.
After soaring nearly 60% above its IPO price, shares of Elon Musk's rocket and satellite company have since given up nearly all their post-IPO gains. Tech stocks have generally experienced a lot of volatility in recent weeks too, as strong AI demand runs up against supply chain bottlenecks . On Thursday, Apple stock ( AAPL ) fell 6% after the company said it was raising prices on iPads and MacBooks due to the memory shortage.
That weighed on the Nasdaq Composite ( ^IXIC ), which is on track for weekly losses. But on the other side of that trade, Micron stock jumped over 15% after the chipmaker's third quarter earnings on Wednesday delivered a powerful signal to AI trade skeptics. Micron beat analysts' expectations on the top and bottom lines and surpassed estimates for the company's Q4 revenue outlook.
Qualcomm ( QCOM ) also rose after the company raised its non-handset revenue target to $40 billion by fiscal year 2029.
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