Today: 24 June 2026
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Artificial Intelligence 8 June 2026 - 9 June 2026

OpenAI IPO filing puts AI rally at center stage for Wall Street

OpenAI IPO filing puts AI rally at center stage for Wall Street

OpenAI has confidentially filed for a possible IPO, but investors won’t see key financials—including revenue quality, cash burn, and compute costs—until the S-1 goes public; with $2 billion monthly revenue and a recent $852 billion valuation, the filing signals a pivotal shift as AI giants race for public capital amid rising infrastructure costs and growing competition from Anthropic.
9 June 2026
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IREN Shares Rally After Bitcoin Rebound and $4.4 Billion AI Data Center Move

IREN Shares Rally After Bitcoin Rebound and $4.4 Billion AI Data Center Move

IREN surged 9% to $59.19 as investors returned to crypto and AI infrastructure stocks after last week’s selloff, driven by a $3.65 billion investment-grade GPU financing to support its Microsoft AI cloud contract and news of a planned 800MW data-center in Australia, but future gains hinge on execution, contract delivery, and bitcoin price stability.
8 June 2026
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Nasdaq rises as AI names find support after market selloff

Nasdaq rises as AI names find support after market selloff

Nasdaq surged 1.27% as investors snapped up AI and chip stocks after Friday’s rout, with the Philadelphia Semiconductor Index jumping 6.2%; Citigroup hiked its S&P 500 year-end target to 8,100 on AI demand, but Goldman Sachs warned strong jobs data makes a Fed rate hike more plausible, posing risks to growth stocks if inflation surprises.
8 June 2026
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ASML Sets New European Valuation Record; Broadcom Shows Risks in AI

ASML Sets New European Valuation Record; Broadcom Shows Risks in AI

ASML’s market value soared to a European record of $691.8 billion as analysts raised estimates for its EUV machine output, driving U.S. shares up 7.1% after JPMorgan and Morgan Stanley hiked price targets, with investors betting on ASML’s control of critical chipmaking tools amid surging AI demand and factory expansions planned for 2026.
8 June 2026
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Alphabet’s $80 billion AI stock sale puts Google’s rally to the test

Alphabet AI Search Drives Wall Street Target Hikes, Cloud Margins Still Draw Scrutiny

Alphabet has ordered over 3 million TPUs from Intel for 2028 as it ramps up AI infrastructure, prompting Piper Sandler to raise its price target to $445 on rapid AI-assisted search growth, while UBS warns faster Google Cloud TPU revenue could pressure margins; Alphabet shares recently traded at $362.21, down $6.32, after boosting its equity offering to $84.75 billion to finance the AI buildout.
8 June 2026
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SOXL’s 433% Rally in AI Chip Sector Meets Sharp Pullback

SOXL’s 433% Rally in AI Chip Sector Meets Sharp Pullback

SOXL surged nearly 15% to $209.62 Monday after last week’s 30.5% plunge, as chip stocks rebounded from a $1.3 trillion rout; leveraged ETF swings highlight the risks of daily resets, with Direxion and regulators warning these funds are trading tools, not long-term bets, especially as investors eye upcoming inflation data and Fed meetings.
8 June 2026
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Micron Technology Stock Surges as AI Memory Shortage Puts MU at Center of Chip Rally

Micron Shares Edge Up in Premarket; Investors Await Next AI Test

Micron surged 8.2% to $935.07 in Nasdaq premarket after Friday’s $127 billion rout, as investors cheered Nvidia’s confirmation it will keep sourcing high-bandwidth memory from Micron and Samsung, easing fears SK Hynix would become exclusive supplier; Cantor Fitzgerald raised its price target to $1,500, with Micron’s next earnings report due June 24.
8 June 2026
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Keel Stock in Focus Monday After $400M AI Debt Raise

Keel Stock in Focus Monday After $400M AI Debt Raise

Keel Infrastructure shares rose 3.1% to $5.29 in pre-market trading after pricing an upsized $400 million convertible note deal to fund AI data-center expansion, partially recovering from Friday’s 13.5% drop driven by dilution concerns; the company aims to use proceeds for equipment deposits and hedging, with investors watching for future lease signings as the next key milestone.
8 June 2026
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Stock Market Today

  • Nasdaq and S&P 500 Slip Amid Volatile Trading as Tech Stocks Weaken
    June 24, 2026, 4:13 PM EDT. The Nasdaq and S&P 500 indexes dipped amid choppy trading influenced by declines in technology stocks. Market participants showed caution as tech shares, often a barometer for growth sentiment, came under pressure. This movement reflects ongoing volatility in the equity markets, with investors monitoring corporate earnings and economic data closely. The downturn in tech stocks contributed significantly to the overall market softness, highlighting sector-specific challenges. ICE Data Services and FactSet Research Systems provided market data underpinning these developments, according to sources including Quartr and TradingView.
Dow ends higher; Nasdaq drifts as AI stocks slip, oil falls

Dow ends higher; Nasdaq drifts as AI stocks slip, oil falls

24 June 2026
Dow outperformed as tech stocks slumped and airlines soared on falling oil prices; investors await Micron earnings and Thursday’s PCE inflation report, with a weak Micron result seen as a risk for Nasdaq and S&P 500 after recent semiconductor selloffs.
Absci rises on Phase 1 ABS-201 update and $100 million raise

Absci rises on Phase 1 ABS-201 update and $100 million raise

24 June 2026
Absci shares soared 35% to $10.01 after early safety data showed its experimental hair-loss antibody ABS-201 was well tolerated in Phase 1, with no serious adverse events, and the company raised $100 million in a stock offering to fund further trials; interim proof-of-concept efficacy data are expected in the second half of 2026.
AT&T shares dip as fiber build-out runs into legacy line disputes

AT&T shares dip as fiber build-out runs into legacy line disputes

24 June 2026
AT&T shares dropped $0.34 to $22.48 after the company forecast second-quarter free cash flow of $4–$4.5 billion, below the $4.6 billion analyst estimate, as it expands fiber in East Cleveland and faces regulatory pushback on retiring copper phone service in California.
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