Today: 24 June 2026
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Artificial Intelligence 22 June 2026 - 23 June 2026

AI-led rally in South Korea stalls at 10% as chip downturn dents Seoul trade

AI-led rally in South Korea stalls at 10% as chip downturn dents Seoul trade

South Korea’s KOSPI plunged 9.99%—its sharpest drop in over three months—after a record AI chip rally reversed on regulatory warnings and profit-taking, triggering a market-wide trading halt; Samsung Electronics and SK hynix each sank over 12% as foreign and institutional investors dumped shares, while retail buyers drove heavy trading, leaving the index still up nearly 95% for the year.
23 June 2026
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Amazon Stock Just Got Hit Before Prime Day — AI Spending Fears Are Back

Amazon Stock Just Got Hit Before Prime Day — AI Spending Fears Are Back

Amazon shares plunged 4.75% to $232.79 as investors questioned whether the company’s massive AI and cloud spending will pay off quickly enough, just ahead of Prime Day—a key test of U.S. consumer demand—with Bank of America projecting $21.6 billion in sales for the event and analysts warning that profit quality could disappoint if shoppers focus on lower-margin essentials.
23 June 2026
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Micron Shares Reach All-Time High with AI Memory Demand in Focus Ahead of Earnings

Micron Shares Reach All-Time High with AI Memory Demand in Focus Ahead of Earnings

Micron Technology surged 6.9% to a record $1,211.38 after announcing a supply and investment deal with Anthropic, defying a tech market drop, as investors bet on AI-driven demand and raised analyst targets; Wednesday’s earnings will test if Micron can sustain gross margins above 80% and meet rising expectations amid tight competition and a global memory shortage.
23 June 2026
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Nvidia Drops Under $209 as AI Spend Jitters Hit Tech

Nvidia Drops Under $209 as AI Spend Jitters Hit Tech

Nvidia shares slid 0.97% to $208.65 as tech stocks dragged the Nasdaq down 1.3%, spotlighting investor anxiety over massive AI infrastructure spending; despite strong fundamentals and a new AI system promising lower water use, concerns remain that slower cloud data-center orders or rising bond yields could pressure Nvidia’s high valuation ahead of its June 24 shareholder meeting.
23 June 2026
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IBM’s $15 Billion Move Catches Wall Street’s Eye Ahead of the Open

IBM slide puts AI growth bets in focus as Accenture outlook hits techs

IBM shares fell 1.8% to $244.57 as Accenture’s weaker outlook pressured IT services stocks, intensifying debate over whether AI will boost IBM’s high-margin software revenue enough to offset risks to its lower-margin consulting business; investors now focus on IBM’s July 22 earnings for clarity on software growth, consulting signings, and free cash flow.
22 June 2026
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SMH ETF flows point to AI chip trade moving away from Nvidia

SMH ETF flows point to AI chip trade moving away from Nvidia

VanEck Semiconductor ETF (SMH) pulled in $6.93 billion in one-day net flows—nearly a third of the week’s record tech fund inflows—as investors shifted from leveraged Nvidia bets to diversified chip exposure, sending semiconductor stocks higher even as megacap tech fell, highlighting a sharp rotation in the AI trade.
22 June 2026
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Broadcom’s $2 Trillion AI Call Gets 7.5% Test Next Week

Broadcom’s Google AI chip contract takes on new weight as JPMorgan defends stock

Broadcom shares slid to $396.72 midday Monday, down $14.63, as investors weighed JPMorgan’s defense of its Google AI chip program against concerns over customer concentration and a broader reset in high-valuation AI infrastructure stocks, despite Broadcom forecasting over 200% AI semiconductor revenue growth for Q3 and securing multi-year supply deals with Google and Anthropic.
22 June 2026
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Caterpillar’s AI power trade gets fresh proof as Microsoft-Chevron deal taps Solar Turbines

Caterpillar’s AI power trade gets fresh proof as Microsoft-Chevron deal taps Solar Turbines

Caterpillar surged 3% to about $1,015 after Chevron named its unit as a supplier for Project Kilby, a 2.67 GW Microsoft data-center power project, cementing Caterpillar’s role in AI-driven energy demand; with Power & Energy sales up 22% and a recent 8% dividend hike, investors now face valuation risks if AI power orders or margins falter, as analysts warn shares trade above fair value.
22 June 2026
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Microsoft slips 2.9% this holiday-shortened week as traders question cloud capacity

Microsoft Shares in Focus After Chevron AI Deal Raises Capex Questions

Chevron’s 20-year deal to supply dedicated natural-gas power for Microsoft’s Pecos, Texas, data center shifts the AI investment debate from software demand to energy access, as Microsoft shares traded lower despite Azure’s 40% growth and a $37 billion AI revenue run rate, with investors focused on whether massive capital spending can convert $627 billion in contracted demand into realized cloud revenue.
22 June 2026
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Stock Market Today

  • AI Stocks Recover After Sharp Sell-Off; Oil Prices Slip Amid Iran Talks and Trump Scrutiny
    June 24, 2026, 9:06 AM EDT. Wall Street futures showed modest gains as AI-related tech stocks rebounded following steep declines. Micron surged 3.2% premarket after a 13% drop, while Marvell Technology rose 1.5%. Alphabet, set to join the Dow Jones Industrial Average, edged higher. Oil prices continued to fall, with Brent crude down $1.59 to $75.21 and U.S. crude down $1.67 to $71.54 a barrel, reflecting progress in U.S.-Iran talks and increased Strait of Hormuz vessel crossings. President Donald Trump announced a Justice Department investigation into potential gasoline price gouging, noting fuel prices haven't dropped in line with crude oil. Investors await the May personal consumption expenditures index, the Federal Reserve's favored inflation gauge.
Arqit Quantum (NASDAQ:ARQQ) climbs after fresh U.S. quantum security deals, SEC filing

Arqit Quantum (NASDAQ:ARQQ) climbs after fresh U.S. quantum security deals, SEC filing

24 June 2026
Arqit Quantum surged 35.6% after U.S. executive orders on June 22 spotlighted post-quantum cryptography, the encryption Arqit sells, with shares quoted up again premarket; a Millennium-linked group briefly held over 5% but fell below that threshold, and a $7 million legal settlement was approved, resolving all U.S. class actions against the company.
Tencent stock up as firm tests WeCom AI tool, files share buyback

Tencent stock up as firm tests WeCom AI tool, files share buyback

24 June 2026
Tencent soared 3.38% to HK$428.80 after its WeCom app began limited rollout of Dayuan, an AI agent built on DeepSeek V4, with the news helping push shares up over 5% in afternoon trade; Tencent also repurchased 1.183 million shares for HK$500.7 million, while the AI push raises spending and adoption risks remain.
Ambu falls after Danske Bank downgrades on urology concerns

Ambu falls after Danske Bank downgrades on urology concerns

24 June 2026
Ambu shares plunged 9.4% to 56.75 DKK after Danske Bank downgraded the stock to “sell” and slashed its price target to 58 DKK, citing faster-than-expected competition and price pressure in urology, weak ureteroscope traction, and a limited product portfolio versus rivals, despite ongoing share buybacks and recent endoscopy growth.
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