[Perspective: Potential OpenAI IPO Risks Could Trigger a Chain Reaction in Infrastructure Stocks] BlockBeats reported on June 18 that Gary Marcus, a PhD in Cognitive Science from MIT and an AI researcher, warned that OpenAI's potential IPO and cash burn issues could pose risks to certain tech stocks heavily reliant on AI computing demand. This perspective introduces a bearish narrative to the currently booming AI infrastructure trade. Marcus believes that the valuations of companies like Nvidia, Oracle, and CoreWeave are partially built on the expectation that OpenAI will continue large-scale procurement of chips and data center capacity. If OpenAI's IPO process encounters setbacks, its valuation comes under pressure, or it reduces spending due to price wars, these suppliers may face downward revisions in revenue expectations. OpenAI has already filed a confidential S-1 document this month, paving the way for a potential IPO. At the same time, the market is also focusing on its high computational costs, competition with Anthropic, and whether enterprise clients might reduce usage due to the high costs of AI adoption. Marcus's concerns extend beyond just stock performance. He pointed out that if AI data center financing, cloud computing contracts, and OpenAI's demand become highly interlinked, a contraction in spending by core clients could prompt lenders to reassess the credit quality of AI-related assets.