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Artificial Intelligence 8 June 2026 - 9 June 2026

Nasdaq rises as AI names find support after market selloff

Nasdaq rises as AI names find support after market selloff

Nasdaq leads gains as chip stocks bounce; Dow flat U.S. equities ended in the green Monday after buyers returned to technology and chip stocks. Nasdaq Composite led with a 1.27% gain, closing up 329.47 points at 26,036.94. The S&P 500 rose 47.67 points, or 0.63%, to 7,430.49. The Dow posted a small advance, up just 6.62 points, or 0.01%, to 50,871.37. The Philadelphia SE Semiconductor Index added 6.2%. “A little bit of bargain hunting,” said Rick Meckler, partner at Cherry Lane Investments.
TSMC Chip Bottleneck Turns Into Global Concern

TSMC Chip Bottleneck Turns Into Global Concern

TSMC’s supply pinch is pushing the chip business into new territory. Google is said to have picked Intel for its next batch of in-house AI chips, and Nvidia is testing if Intel can manufacture a separate advanced chip design, according to reports. “AI’s biggest players are racing to diversify a supply chain still heavily concentrated in TSMC,” eMarketer analyst Jacob Bourne said.
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