Semiconductor stocks slid Tuesday amid concerns that overheated AI spending and intensifying US-China chip competition could affect the robust pipeline of venture-backed chip startups already lined up to go public.
The market's volatility could push those startups to delay going public, said PitchBook senior ****** yst Harrison Rolfes. Following ****** eX's historic offering and with OpenAI and Anthropic already waiting in the wings, many late-stage startups were already considering taking advantage of the current IPO season.
"The sell-off repriced the exit pipeline, so every chip startup that marked itself against Q2's peak now faces a bid-ask gap with public buyers, which historically resolves as deferral rather than cancellation," Rolfes said.
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As losses clustered around chips, the Nasdaq slipped 3.2% over the last five days, paring the index's 2026 gain to 7.1%. Semiconductor companies' stocks, including Micron, Sandisk, Nvidia and AMD, all declined.
#Startups #public #China
The market's volatility could push those startups to delay going public, said PitchBook senior ****** yst Harrison Rolfes. Following ****** eX's historic offering and with OpenAI and Anthropic already waiting in the wings, many late-stage startups were already considering taking advantage of the current IPO season.
"The sell-off repriced the exit pipeline, so every chip startup that marked itself against Q2's peak now faces a bid-ask gap with public buyers, which historically resolves as deferral rather than cancellation," Rolfes said.
Sign up for The Daily Pitch newsletter Subscribe
As losses clustered around chips, the Nasdaq slipped 3.2% over the last five days, paring the index's 2026 gain to 7.1%. Semiconductor companies' stocks, including Micron, Sandisk, Nvidia and AMD, all declined.
#Startups #public #China
4 days ago
