# OpenAI IPO Hopes Dim, Banks and Retail Stocks Dip

_Banks slide as OpenAI's IPO timeline is questioned. Onsemi and Darden Restaurants also see stock declines on mixed earnings and missed expectations._

**Published:** 2026-06-26
**Source:** https://www.startuphub.ai/ai-news/public-companies/2026/openai-ipo-hopes-dim-banks-and-retail-stocks-dip

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In a turbulent day for the market, several major companies experienced significant stock movements. Banks are feeling the pressure as [OpenAI](https://www.google.com/finance/quote/OPEN:NASDAQ) reportedly signals a potential delay in its highly anticipated Initial Public Offering (IPO) until next year. This news comes amid broader market volatility, with investors reassessing risk appetite for high-growth technology companies.

Adding to the downward pressure in the tech sector, [Onsemi (NASDAQ:ON)](https://www.google.com/finance/quote/ON:NASDAQ) saw its shares dip. The semiconductor manufacturer reported earnings that, while showing some resilience, included guidance that gave investors pause. The company's performance is often seen as a bellwether for the broader semiconductor industry, which is highly sensitive to macroeconomic trends and consumer demand.

Meanwhile, in the consumer discretionary sector, [Darden Restaurants (NASDAQ:DRI)](https://www.google.com/finance/quote/DRI:NASDAQ), the parent company of popular chains like Olive Garden and LongHorn Steakhouse, also experienced a decline in its stock price. Despite reporting a solid quarter in terms of revenue growth, the company's earnings per share for the period fell short of analyst estimates, leading to a cautious market reaction.

The full discussion can be found on **Bloomberg Podcast**'s YouTube channel.

  
    

![Banks Slide on OpenAI IPO Warning, Onsemi, Darden Lower | Stock Movers - Bloomberg Podcast](https://img.youtube.com/vi/OneDbp4lxSA/maxresdefault.jpg)

    
      
        
      
    
  
  Banks Slide on OpenAI IPO Warning, Onsemi, Darden Lower | Stock Movers, from Bloomberg Podcast

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Original analysis from [startuphub.ai](https://www.startuphub.ai), the #1 AI startup directory.