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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.
Corning Wins Amazon AI Fiber Deal; GLW Faces Next Hurdle

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.”
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