AI‑heavy indexes slumped Friday as investors digested mixed tech news. Japan’s Nikkei fell over 4% after a report that OpenAI may delay its IPO, driving Soft Bank Group shares down 13%. South Korea’s Kospi slipped nearly 6%, while U.S. chips felt the pressure: Micron lost almost 7% and the PHLX semiconductor index dropped about 5%.

Meanwhile, U.S. broad markets edged lower, with the Nasdaq down 0.2% and the Dow and S&P 500 each off 0.1%. Brent crude slid roughly 4% to just under $72 as Middle‑East tensions eased after Iran’s attack on a Singapore‑flagged vessel. The University of Michigan’s June consumer‑sentiment index rose to 49.5, lifting market mood.

Space X officially entered the Russell 1000 after Friday’s close, trading near $153 despite briefly slipping below its $150 IPO price, signaling waning enthusiasm for the record‑size listing. Minneapolis Fed President Neel Kashkari, citing inflation risks, forecast one more rate hike this year as long‑run expectations fell to 3.3%. The sell‑off underscores investors’ sensitivity to AI hype and macro‑policy signals.

Overall, the week’s volatility highlights how quickly AI‑related valuations can reverse, leaving traders cautious ahead of next earnings cycle and investors weigh broader economic data alongside sector‑specific risks.