Today: 29 June 2026
SpaceX stock eyes $8 billion index hurdle as shares stumble in first week after IPO

SpaceX stock eyes $8 billion index hurdle as shares stumble in first week after IPO

SpaceX closed at $153.23, up 13.5% from its $135 IPO, as index funds prepare to buy over $8 billion of shares—about 8% of the listed float—due to forced inclusion in the Russell and Nasdaq-100, making index mechanics, not fundamentals, the key near-term driver for this $2 trillion stock with limited public float and heavy capital needs. (Reuters)

June 2026 semiconductor news roundup: U.S. chip controls, SandboxAQ funding and Intel 18A-P

June 2026 semiconductor news roundup: U.S. chip controls, SandboxAQ funding and Intel 18A-P

U.S. Commerce awarded SandboxAQ $500 million for AI-driven chip materials R&D and took a minority equity stake, while delaying blacklisting over 100 Chinese firms flagged as security risks, highlighting Washington’s focus on domestic chip supply chains and export controls as Intel’s 18A-P enters risk production and AI-chip startups challenge Nvidia’s dominance.
AI News Roundup – June 28, 2025

AI News Roundup – June 28, 2025

Meta hired OpenAI researcher Trapit Bansal and bought a 49% stake in Scale AI, valued at nearly $15 billion, while securing 1.1 GW of nuclear power for future AI data centers. Amazon’s stock nearly doubled in three years as AWS holds about 30% of the global cloud market. U.S. Judge Alsup ruled AI training on copyrighted books can be fair use, but Anthropic faces trial in December over alleged use of pirate copies.
June 2025 AI News Roundup: Breakthroughs, Surprises, and Global Developments

June 2025 AI News Roundup: Breakthroughs, Surprises, and Global Developments

OpenAI CEO Sam Altman said GPT-5 will launch in summer 2025, claiming major improvements over GPT-4. Midjourney released its first text-to-video system, Model V1, in June 2025. Meta delayed LLaMA 4 Behemoth to late 2025 due to performance issues. Google DeepMind introduced Gemini Robotics On-Device, running vision-language-action AI entirely on robots.

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UiPath (NYSE:PATH) shares see heavy trading after Friday’s jump as buyback calculations come into focus

UiPath (NYSE:PATH) shares see heavy trading after Friday’s jump as buyback calculations come into focus

UiPath closed up 6.04% at $10.53 Friday, with weekly trading volume equal to 57% of its diluted share count, but shares remain 8.2% below the company’s average first-quarter buyback price of $11.47; with $500 million authorized for repurchases, every $100 million at current prices retires more shares, making buyback efficiency a key factor as revenue and ARR growth remain in the low-teens.
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