Today: 10 June 2026

Iwona Majkowska

XRP Drops Below $1.30, Eyes $1.20 As Next Level

XRP Drops Below $1.30, Eyes $1.20 As Next Level

XRP plunged below $1.30 to 15-week lows as bitcoin weakness triggered broad crypto selling. Exchange data showed 22.80 million XRP flowed in, then 25.24 million out, marking the year’s biggest daily net inflow and outflow. Digital-asset funds saw $1.67 billion in outflows last week, but XRP funds bucked the trend with $20.3 million in inflows. Traders now eye $1.26 as key support, with $1.20 in focus if selling persists.
2 June 2026
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TSMC’s AI Shares Jump but Market Value Raises a Red Flag

TSMC’s AI Shares Jump but Market Value Raises a Red Flag

TSMC surged 1.06% to a record NT$2,380 in Taipei, driving Taiex to an all-time high. AI demand and Nvidia ties fueled gains, but GuruFocus flagged TSMC as 43.1% overvalued versus its GF Value model. April revenue jumped 17.5% year-on-year; Q1 revenue hit $35.9B with a bullish outlook. CEO C.C. Wei cited “extremely robust” AI demand and raised guidance. Political stability remains a risk factor.
2 June 2026
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Rigetti Draws Trader Interest With Quantum Advance, Insider Selling Also in Focus

Rigetti Draws Trader Interest With Quantum Advance, Insider Selling Also in Focus

Rigetti rose 0.3% premarket to $25.63 after researchers using its hardware published quantum error correction results in Nature Communications. CEO Subodh Kulkarni and CTO David Rivas sold shares after exercising options, filings show. Rigetti has a letter of intent for up to $100 million in U.S. quantum funding, but the deal isn’t final. Q1 revenue was $4.4 million with a $26 million operating loss; cash stood at $569 million as of March 31.
2 June 2026
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OpenAI Faces New Valuation Hurdle in $1 Trillion IPO Push

OpenAI’s $1 Trillion IPO Target Takes a New Twist

Anthropic has filed a confidential draft registration for an IPO, moving ahead of OpenAI in the race to go public. OpenAI, valued at $852 billion after its March funding round, is preparing its own IPO filing with Goldman Sachs and Morgan Stanley. Microsoft holds about 27% of OpenAI Group. Investors are watching if private AI valuations near $1 trillion will hold up under public scrutiny.
2 June 2026
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Starfighters Space Stock Holds Up as FJET Defies Broader Drop

Starfighters Space Stock Holds Up as FJET Defies Broader Drop

Starfighters Space stock jumped 29% to $9.50 on heavy volume after a $17.5 million equity investment update. The company posted no revenue last quarter, burned $4.05 million in operating expenses, and warned of going-concern risks. Ex-CEO Rick Svetkoff is suing for $26 million. Rocket Lab and Intuitive Machines fell sharply, but Starfighters rallied as it seeks more capital to fund its supersonic launch platform.
1 June 2026
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Credo Shares Slip After Earnings Beat

Credo Shares Slip After Earnings Beat

Credo Technology shares plunged over 10% after hours to $203.22 despite beating profit and revenue targets, as investors focused on gross margin slipping to 68.3%. Revenue soared 157% to $437 million, with non-GAAP EPS at $1.16, both above estimates. Guidance topped forecasts, but margin trends and high expectations fueled the drop. Risks flagged include DustPhotonics integration and margin pressure amid fierce AI connectivity competition.
1 June 2026
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ServiceNow Stock Gains as Wall Street AI Trade Turns

ServiceNow Stock Gains as Wall Street AI Trade Turns

ServiceNow soared 8.5% to $134.95 in heavy trading after Nvidia CEO Jensen Huang dismissed fears that AI agents will replace software firms, calling it “exactly the opposite.” Salesforce, IBM, and Adobe also rallied as investors rotated back into software stocks. ServiceNow reported Q1 subscription revenue up 22% to $3.67 billion and a 130%+ jump in $1M+ Now Assist customers. Risks flagged include competition, AI adoption, macro factors, and FX.
1 June 2026
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FTSE Slips as EasyJet Takeover Twist Fails to Mask Oil-Shock Fears

FTSE Slips as EasyJet Takeover Twist Fails to Mask Oil-Shock Fears

FTSE 100 drops 0.20% as Middle East conflict pushes Brent crude up over 3% to $93.80, reviving inflation fears. EasyJet surges after Castlelake eyes possible bid; board calls timing “highly opportunistic.” Bluefield Solar jumps on £561m Drax deal. ME Group cuts profit outlook, shares fall. Wise sinks amid Belgian anti-money laundering probe. UK factory PMI hits 53.9, but price hikes raise Bank of England rate concerns.
1 June 2026
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IBM’s $15 Billion Move Catches Wall Street’s Eye Ahead of the Open

IBM’s $15 Billion Move Catches Wall Street’s Eye Ahead of the Open

IBM surged 12.7% to $297.80 Friday after pledging $10B for quantum computing and $5B for open-source security with Red Hat. IBM will get $1B from a Trump administration quantum initiative for its Anderon chip project. Q1 revenue rose 9% to $15.9B; IBM kept its 5%+ growth outlook and raised its dividend to $1.69, payable June 10. IBM’s rally drove the Dow higher; NYSE will open as usual Monday.
1 June 2026
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Ford Stock’s AI Bet Moves Traders Beyond Autos

Ford Stock’s AI Bet Moves Traders Beyond Autos

Ford shares closed up 4.74% at $17.44 after Ford Energy signed a five-year deal to supply EDF power solutions North America with up to 20 GWh of battery storage starting in 2028. Investors shifted focus from vehicles to Ford’s battery storage unit, now seen as a contender in power infrastructure. Ford raised its full-year adjusted EBIT outlook to $8.5–$10.5 billion, but still faces high conversion costs, soft EV demand, and battery supply risks from China.
1 June 2026
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Nvidia Faces Monday Test With AI PCs, Robots, China Moves

Nvidia Faces Monday Test With AI PCs, Robots, China Moves

Nvidia closed Friday at $211.14, down 1.45%, as CEO Jensen Huang promoted new AI PC chips and robotics at Computex. Over the weekend, U.S. authorities tightened export controls on advanced AI chips, targeting Chinese firms abroad. Nvidia says plans are unchanged, but China remains a risk factor. Microsoft is set to launch Windows PCs with Nvidia CPUs. Samsung and LG shares rose on partnership hopes. Second-quarter outlook excludes China data-center revenue.
1 June 2026
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Deere’s $99 million right-to-repair agreement passes major step for farmers

Deere’s $99 million right-to-repair agreement passes major step for farmers

Deere’s $99 million right-to-repair settlement won preliminary court approval, covering buyers of Deere large farm equipment repairs since Jan. 2018. Farmers can file claims or object by Sept. 14. The deal includes 10 years of access to repair tools but excludes payouts for downtime or crop loss. A final hearing is set for Oct. 29. Deere denies wrongdoing. FTC and state lawsuits over repair restrictions remain active.
1 June 2026
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Intel Stock Up 200%, Now Eyes AI Chip Challenge

Intel Stock Up 200%, Now Eyes AI Chip Challenge

Intel shares ended Friday down 5.1% at $114.68 after a 200% rally this year. At Computex, Intel unveiled Xeon 6+ chips, Ethernet E835 adapters, and details on its Crescent Island AI GPU, targeting cheaper AI inference. Risks remain: Crescent Island hasn’t proven performance or landed buyers, and Intel reported a $3.73 billion net loss. CEO Lip-Bu Tan’s Computex keynote is in focus for investors Monday.
1 June 2026
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Salesforce Stock Bounces, Eyes Turn to This Week’s Next Test

Salesforce Stock Bounces, Eyes Turn to This Week’s Next Test

Salesforce stock jumped 8.47% to $191.10 Friday after beating Q1 revenue and adjusted earnings forecasts, but Q2 revenue guidance missed analyst targets. Annual recurring revenue for Agentforce soared 205% to $1.2 billion. Bookings and cRPO missed Wall Street estimates for a second straight quarter. Shares remain down 27.7% for the year. Investors await more detail on Agentforce and big-deal momentum at tech conferences next week.
1 June 2026
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Ambev Stock Beat Brazil’s Bovespa Last Week. A Short Holiday Week Raises the Stakes

Ambev Stock Beat Brazil’s Bovespa Last Week. A Short Holiday Week Raises the Stakes

Ambev S.A. shares closed at R$16.32 on May 29, up 0.18% for the day and 1.4% for the week, beating the Ibovespa’s 1.4% drop. Q1 results showed 8.1% organic net revenue growth, 1.2% higher Brazil Beer volumes, and 10.1% normalized EBITDA gain. Operating cash flow hit a 10-year high. Risks include higher-for-longer rates, FX and commodity costs, and a shortened trading week due to the June 4 holiday.
1 June 2026
Boston Scientific Drops 16%. Next Up: Monday’s Watchman Reaction

Boston Scientific Drops 16%. Next Up: Monday’s Watchman Reaction

Boston Scientific shares plunged 16.4% last week, closing at $48.31 on May 29 after CEO Michael Mahoney flagged “declining usage” of the Watchman heart implant and forecast flat growth through Q3. Wells Fargo downgraded the stock, slashing its target to $55. Friday’s volume nearly doubled the 50-day average as rivals Abbott and Medtronic ramped up competition. A $2 billion buyback is underway, with results next due July 29.
31 May 2026
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Netflix Shares Dip as Markets Hit Highs; More Tests Ahead for Streaming Stock

Netflix Shares Dip as Markets Hit Highs; More Tests Ahead for Streaming Stock

Netflix shares fell 2.9% this week to $86.02, missing gains as the S&P 500 and Nasdaq hit new highs. Investors weigh ad revenue, price hikes, and content changes after Netflix ended a Warner Bros. deal and co-founder Reed Hastings prepares to leave the board. A $25 billion buyback and $2.8 billion break fee were announced, but analysts question growth visibility. Shareholder meeting set for June 4; no new earnings expected.
31 May 2026
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Stock Market Today

  • FTSE 100 Edges Higher Amid US-Iran Tensions and Diplomatic Talks
    June 10, 2026, 6:29 AM EDT. The FTSE 100 advanced 0.21% despite escalating US-Iran hostilities, as investors focused on ongoing diplomatic efforts. US strikes targeted Iranian military sites near the Strait of Hormuz following the downing of a US helicopter, while Iran responded with missile attacks on US facilities in the Middle East. Most attacks were intercepted with no major casualties reported. Markets responded positively to a White House official's remarks that negotiations remain on track. UK shares saw WH Smith lower profit forecasts due to Middle East disruption and weaker travel demand. Thames Water could face £749 million in costs amid a restructuring plan. Private equity firms Warburg Pincus and KKR consider selling UK fibre broadband assets, reflecting strong demand for digital infrastructure.

Latest articles

Plug Power Stock Slides as Cash-Burn Questions Challenge the Hydrogen Turnaround Trade

Plug Power Stock Slides as Cash-Burn Questions Challenge the Hydrogen Turnaround Trade

10 June 2026
Plug Power plunged 8.78% to $2.91, its fifth straight loss, as investors focus on whether recent liquidity moves—including a $39.2 million tax credit sale—can offset a first-quarter operating cash burn of $150 million ahead of the June 11 shareholder meeting, with the stock’s volatility tied to ongoing cash concerns despite improved margins.
US stock futures slip with CPI ahead as Iran oil risk stirs Fed worries

US stock futures slip with CPI ahead as Iran oil risk stirs Fed worries

10 June 2026
S&P 500, Nasdaq 100, and Dow futures fell sharply premarket as investors braced for the May CPI report, expected to show the fastest annual inflation since April 2023, with tech stocks hit hardest amid rising oil prices and fresh U.S.-Iran strikes, raising fears of persistent inflation and fewer Fed rate cuts.
Erie Insurance gains 15 spots to No. 308 on Fortune 500

Erie Insurance gains 15 spots to No. 308 on Fortune 500

10 June 2026
Erie Insurance jumped 15 spots to No. 308 on the 2026 Fortune 500 with $14.6 billion in revenue, easily clearing the $7.5 billion cutoff as the bar rose 5%, but analysts warn U.S. property-and-casualty insurers face softer pricing, more competition, and rising catastrophe risks, with 2026 premium growth forecast to slow and return on equity to ease after a strong 2025.
Oracle Stock Moves Higher as AI Backlog Draws Focus

Oracle Faces $600 Billion AI Bet as Traders Watch for Volatility

10 June 2026
Oracle shares slid nearly 3% to $205.81 ahead of Wednesday’s earnings, as investors await proof that its $553 billion AI cloud backlog can convert to revenue quickly enough to justify heavy data-center spending, with options pricing signaling an 11% stock swing after results.
DraftKings (DKNG) Moves After Prediction-Market News — Traders Focus on Stock

DraftKings (DKNG) Moves After Prediction-Market News — Traders Focus on Stock

10 June 2026
DraftKings shares soared 11.34% to $27.59 after revealing a 24% month-over-month jump in annualized consumer volume to $1.3 billion and a 34% rise in total volume traded to $3.1 billion in its Predictions product for May, based on preliminary, unaudited data, outpacing a falling Nasdaq and spotlighting investor focus on the product’s revenue potential and DraftKings’ strategic push.
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