Finance

Volatility in the AI sector intensified as major chipmakers experienced significant sell-offs, with Sandisk plunging over 10% and Micron Technology falling 7% in a single session. Investor sentiment was dampened by reports that OpenAI might delay its initial public offering until 2027, leading to concerns regarding the sustainability of current infrastructure spending levels. Despite blockbuster earnings earlier in the week from some firms, the broader AI trade has come under pressure due to high valuations and shifting market focus.

Crude oil prices exhibited volatility, briefly falling below $70 a barrel before rebounding after reports of renewed U.S. military strikes on Iran following a ceasefire violation. Gold prices rose nearly 1% to reach approximately $4,086 as investors sought safe-haven assets amid the fragile regional security situation. Market participants remain cautious as the Strait of Hormuz transit security remains a critical factor for global energy supplies and inflationary outlooks.

The cryptocurrency market faced a turbulent week with over $1 billion in positions liquidated within a 24-hour period, primarily affecting long bets. Bitcoin struggled to maintain the $60,000 threshold, suffering from significant ETF outflows and pressure from the latest inflation data. Analysts noted that the quarter-end options expiry served as a catalyst for amplified price swings, leaving the asset down more than 30% for the year 2026 so far.