Today: 24 June 2026
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Artificial Intelligence 4 June 2026 - 5 June 2026

AI-driven stocks stall on Wall Street after jobs report shakes chip sector

AI-driven stocks stall on Wall Street after jobs report shakes chip sector

Chip stocks plunged Friday, with Broadcom down 4.5% and Nvidia 3.7%, after a stronger-than-expected May jobs report fueled fears the Fed may delay or reverse rate cuts, slamming AI-linked shares that powered this year’s rally; Broadcom’s revenue and AI chip forecast missed Wall Street estimates, triggering a 4.7% drop in the semiconductor ETF as investors demanded perfection.
5 June 2026
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Keel Infrastructure Falls as Investors Eye $400 Million AI Data-Center Spend

Keel Infrastructure Falls as Investors Eye $400 Million AI Data-Center Spend

Keel shares plunged 12% to $5.22 after the company priced an upsized $400 million convertible note sale, raising dilution risk for investors as Keel seeks capital to fund its pivot from bitcoin mining to AI data-center infrastructure; the offering follows recent claims of strong liquidity, fueling investor concerns about future share issuance before new business proves itself.
5 June 2026
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Pennsylvania Sees Electric Bill Spike as AI Data Center Debate Heats Up

Pennsylvania Sees Electric Bill Spike as AI Data Center Debate Heats Up

Pennsylvania House Republicans propose forcing large data centers to secure their own power and pay grid costs after electricity prices jumped statewide June 1, with PECO’s default supply price up to 11.759 cents/kWh and capacity prices for PJM soaring from $28.92 to $329.17 per megawatt-day for 2026/27, driven partly by data center demand.
5 June 2026
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Micron shares tumble as $94 billion loss hits AI memory trade

Micron shares tumble as $94 billion loss hits AI memory trade

Micron plunged 7.7% Thursday, erasing $94.24 billion in market value as Broadcom’s weak revenue and flat AI forecast triggered a chip selloff; investors now question if AI memory demand justifies Micron’s trillion-dollar valuation after a tenfold stock surge, with risks rising that memory prices could peak in mid-2026 and fall in 2027, according to analysts.
5 June 2026
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T1 Energy Stock Touches 52-Week High After $32M Battery Deal Draws AI Investors

T1 Energy Stock Touches 52-Week High After $32M Battery Deal Draws AI Investors

T1 Energy surged 1.4% to $11.66, hitting a 52-week high after agreeing to buy KORE Power for $32 million, expanding into battery storage and AI data center power; the company expects the deal to boost EBITDA in 2026 and add $15–$20 million in 2027, but closing depends on approvals and faces risks from project delays, supply chain, and clean-energy policy uncertainty.
4 June 2026
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Dow Jumps as Oil Drops; Wall Street Watches Broadcom AI Moves

Dow Jumps as Oil Drops; Wall Street Watches Broadcom AI Moves

Dow surges 1.6% to a record 51,496.83 as investors rotate into healthcare and financial stocks after Wednesday’s selloff, while Broadcom plunges 11.2% on missed revenue and flat AI-chip guidance, capping Nasdaq gains; oil drops 3% on Middle East ceasefire hopes, but risks from chip sector weakness and geopolitical tensions remain, Reuters reports.
4 June 2026
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Micron Drops as AI Memory Stocks Take a Hit

Micron Drops as AI Memory Stocks Take a Hit

Micron Technology plunged 8.3% to $989.46 after a chip-sector selloff triggered by Broadcom’s revenue miss, but analysts say the memory-chip shortage could last years, with Morgan Stanley raising its target to $1,050; risks remain as Raymond James warns DRAM and NAND prices may peak mid-2026, and supply chain groups caution AI data centers are straining chip availability.
4 June 2026
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Nvidia Faces New AI Test After Broadcom Drop Hits Chip Stocks

Nvidia Faces New AI Test After Broadcom Drop Hits Chip Stocks

Nvidia shares slipped to $214.75 premarket as a Broadcom-led chip selloff rattled AI stocks, after Broadcom’s disappointing AI chip results and flat 2027 revenue target triggered a $315 billion market value drop; investors are questioning whether Nvidia’s rapid growth and dominance can keep matching sky-high expectations despite record Q1 revenue and expanded buybacks.
4 June 2026
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Stock Market Today

  • 2 Canadian Dividend Stocks to Buy on Market Dips: Enbridge and Fortis
    June 24, 2026, 5:25 PM EDT. Enbridge (TSX:ENB) and Fortis (TSX:FTS) are strong Canadian dividend stocks favored for income investors. Enbridge trades near $78 with a 5% dividend yield, supported by a $40 billion capital program and steady 5% growth in distributable cash flow. Fortis, with a $28.8 billion capital plan, targets 4-6% annual dividend increases through 2030. Both have long histories of dividend raises-31 and 52 years respectively-but face risks from potential Bank of Canada and U.S. Federal Reserve interest rate hikes. Market dips, similar to those in 2022 and 2023, offer strategic buying opportunities for these utility sector dividend payers.
Transocean falls as oil drop puts offshore drillers under pressure

Transocean falls as oil drop puts offshore drillers under pressure

24 June 2026
Transocean shares plunged 4.5% to $5.04 as oil prices tumbled, raising risks of slower offshore drilling spending despite recent $185 million contract wins and a $7.1 billion backlog; investors remain focused on the $5.8 billion all-stock Valaris merger, now facing U.S. antitrust scrutiny.
Archer drops ahead of Texas decision, FAA testing remains a concern

Archer drops ahead of Texas decision, FAA testing remains a concern

24 June 2026
Archer Aviation shares dropped 3.8% to $5.05 after three straight declines as investors await Friday’s shareholder vote on moving legal incorporation to Texas, while the company advances its Midnight eVTOL aircraft into Phase 4 FAA certification testing amid ongoing cash burn and projected Q2 adjusted EBITDA loss of $170 million to $200 million.
IREN Limited falls on Bitcoin drop and AI spending worries

IREN Limited falls on Bitcoin drop and AI spending worries

24 June 2026
IREN plunged 9.5% to $49.51, underperforming AI and crypto peers, as investors weighed analyst splits on its shift from Bitcoin mining to AI cloud, risks to $4.4 billion revenue targets from chip delivery delays, and a 4.1% drop in Bitcoin, while recent Microsoft and Nvidia deals hinge on meeting strict project timelines.
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