Marvell Joins S&P 500 But AI Chip Gains Come With a Twist
Marvell Technology traded higher before the U.S. open on Tuesday, building on gains after S&P Dow Jones Indices said it would add the AI infrastructure chipmaker to the S&P 500.
Intel Jumps After Google AI Chip Story, Bigger Test Ahead
Intel looked set for more attention ahead of Tuesday’s regular session after the stock surged on talk that Alphabet’s Google placed an order for over 3 million tensor processing units—its own AI chips—from Intel for 2028 delivery. Last trade had Intel at $110.27, up $11.04, based on market data.
Broadcom Stock Rebounds, AI Remains an Open Question for Wall Street
Broadcom shares climbed Monday as investors picked up chip stocks after Friday’s sharp drop. The move helped the stock recover some ground from last week’s heavy post-earnings fall.
OpenAI IPO filing puts AI rally at center stage for Wall Street
OpenAI has filed a confidential draft S-1 with the U.S. Securities and Exchange Commission, a move bringing the ChatGPT developer closer to a possible public debut. The company said it's still undecided on its IPO timing.
UBS Puts $850 Target on Cummins as AI Data Center Wave Fuels Shares
UBS sent Cummins shares higher Monday, lifting its rating on the engine company to Buy from Neutral. UBS said demand from data centers and better truck sales could boost results past analysts’ estimates. Cummins finished the session at $672.68, adding 3.3%. UBS’s new price target is $850, up from $565.
IREN Shares Rally After Bitcoin Rebound and $4.4 Billion AI Data Center Move
IREN Limited clawed back some ground Monday, with shares up to $59.19 near the market close. Investors came in after a rough week for crypto and AI infrastructure stocks. IREN picked up $4.84 compared to Friday, and trading topped 40 million shares.
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.
Inno Holdings Soared Nearly 20 Times—AI Deal Includes a Caveat
Shares of Inno Holdings Inc. jumped in afternoon trading Monday, after it said it signed a $3 million deal with a Hong Kong AI provider to develop a sales-agent platform for its used mobile phones unit. INHD was changing hands at $20.97 just before 1:45 p.m. EDT, up about 20 times its previous close. The stock opened at $1.11.
Wall Street Watches Microsoft’s $37 Billion AI Bet
Microsoft shares fell Monday as some on Wall Street stayed upbeat, but traders focused on whether the company’s $37 billion AI business will expand quickly enough to make all the spending on chips, data centers and models pay off.
ASML Sets New European Valuation Record; Broadcom Shows Risks in AI
ASML Holding NV set a new market value record in Europe last week, and its U.S.-listed shares kept rising Monday. Investors are betting the Dutch chip-equipment company can supply more machines that make the most advanced artificial-intelligence chips.
Amazon’s Corning agreement brings fiber optics into focus for AI data centers
Amazon.com said Monday it struck a multiyear, multibillion-dollar deal with Corning to buy optical fiber, cable and connectivity equipment for its U.S. data center buildout. Detailed terms weren’t shared.
Meta $145 Billion AI Push Faces Snag With Wall Street
Meta Platforms fell again Monday as investors reacted to talk that the Facebook owner could look to sell tens of billions in stock to pay for AI expansion. Shares dropped 0.8% to $587.97. The move comes after the stock slid 5.5% Friday when the news first hit.
Palantir’s $200 Target Meets Doubts on AI Growth
Palantir Technologies stock moved just 0.15% higher to $135.73 in Monday afternoon trades, with little change after a tough stretch last week. The market cap was about $349 billion. Investors kept selling pressure on the shares as they tried to gauge new bullish opinions on the company’s AI software against a valuation that offers little margin for error.
Apple Faces Key AI Event, Wall Street Focuses on Siri
Apple rose 2.2% to $314.17 Monday morning, pushing its market cap to roughly $4.63 trillion with investors watching for updates from its annual Worldwide Developers Conference. The company said the WWDC keynote would kick off at 10 a.m. Pacific.
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.
Alphabet AI Search Drives Wall Street Target Hikes, Cloud Margins Still Draw Scrutiny
Google parent Alphabet has placed an order for over 3 million TPUs with Intel for 2028, The Information reported, as the company moves its AI chip game further in-house. Wall Street is watching to see if the AI ramp leads to margin pressure. Reuters said it couldn't verify the report.
Wall Street Hit With New AI Bubble Jitters as Doubts Grow
Wall Street’s AI rally is under pressure, with investors cautious on whether recent bets will deliver lasting profits. U.S. stocks edged higher Monday after Friday’s drop. At the open, the Dow was up 0.26%, the S&P 500 rose 0.77% and the Nasdaq climbed 1.38%, as chip stocks recovered and worries in the Middle East eased.
SOXL’s 433% Rally in AI Chip Sector Meets Sharp Pullback
Direxion Daily Semiconductor Bull 3X Shares climbed in early U.S. trading Monday, bouncing after last week’s sharp drop. Investors went back into chip names following a snap in the AI trade. The inverse fund, Direxion Daily Semiconductor Bear 3X Shares, fell.
Corning Wins Amazon AI Fiber Deal; GLW Faces Next Hurdle
Amazon said Monday it struck a multiyear, multibillion-dollar deal with Corning to provide optical fiber, cable, and connectivity gear for its U.S. data centers. The agreement gives Corning a new customer as the AI push changes the business. Corning said it will mean 1,000 skilled jobs at its North Carolina plants, support for hundreds more in construction, and increased fiber-optic training. AWS CEO Matt Garman said the deal will help build “long-term careers.”
Micron Shares Edge Up in Premarket; Investors Await Next AI Test
Micron Technology was up in premarket trade Monday, rebounding 8.2% after last week’s drop. Shares changed hands at $935.07, ahead of the open, after a $864.01 close on Friday. Chip names steadied and traders reworked positions in the AI memory group.