Asian markets tumble on AI demand fears, Apple price hike and OpenAI IPO delay

Key Facts

Amid growing concerns over AI demand, Asian bourses plunged following reports that Apple raised prices and that OpenAI's initial public offering may be delayed, according to the Financial Times. The developments triggered broad selling in AI-related stocks, as investors worried that higher prices could curb demand and that a delayed IPO signals a slowdown in sector momentum.

The selloff spread to other major tech names. At the close on June 25, Alphabet (GOOGL) stood at $343.71, Microsoft (MSFT) at $352.83, and Meta (META) at $542.87, per market data. Analysts note that high valuations in AI stocks make them vulnerable to profit-taking on any negative signal.

AAPL closed at $275.15 on June 25, trading in a range of $273.75–$288.8. Investors are watching for official statements from Apple or OpenAI, as well as upcoming US inflation data that could influence global equity sentiment.