Today: 24 June 2026
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Artificial Intelligence 16 June 2026 - 18 June 2026

Southwest Airlines, AWS set sights on 2028 for cloud and AI revamp

Southwest Airlines, AWS set sights on 2028 for cloud and AI revamp

Southwest Airlines set a 2028 deadline to shift core systems to Amazon Web Services’ AI-enabled cloud, deepening its tech overhaul as it pivots to assigned seats, bag fees, and premium products; shares fell 1.6% to $46.66 after the announcement, with investors weighing modernization risks and the impact of recent commercial changes.
18 June 2026
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Coherent shares drop after $50 million CHIPS grant raises questions for AI optics

Coherent shares drop after $50 million CHIPS grant raises questions for AI optics

Coherent shares slid 1% to $378.85 despite a $50 million U.S. funding pledge for its Texas indium phosphide plant, as investors weighed steep valuation—48.27 times forward earnings—against supply risks and doubts over how quickly AI optics demand will drive profits, even with deepening Nvidia ties and surging wafer prices.
17 June 2026
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Vertiv shares rise as AI data center names get bid ahead of US holiday

Vertiv shares rise as AI data center names get bid ahead of US holiday

Vertiv shares jumped 7.3% to $321.49 late Wednesday, outpacing a falling market as investors piled into the AI data-center supplier after strong Q1 sales growth, raised 2026 guidance, and the completed ThermoKey acquisition, but with the stock trading at 81 times earnings, any slowdown in AI infrastructure demand or hyperscale spending could pressure its premium valuation.
17 June 2026
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Nebius stock surges after Eigen AI win, eyes on Nasdaq-100 cloud move

Nebius stock surges after Eigen AI win, eyes on Nasdaq-100 cloud move

Nebius shares surged 8.4% after closing its Eigen AI acquisition, just as the company prepares to join the Nasdaq-100 before June 22—a move expected to attract index-fund demand and spotlight Nebius among top AI infrastructure stocks, as investors focus on its ability to deliver capacity, manage costs, and maintain margins amid soaring revenue and major deals with Meta and NVIDIA.
17 June 2026
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Citi raises price target for Applied Materials on AI chip gear demand; stock rises

Citi raises price target for Applied Materials on AI chip gear demand; stock rises

Applied Materials surged 6.7% to $606.53 after Citi hiked its price target to $710 from $550, citing booming AI-driven chip-equipment demand; the rally reflects rising wafer fab equipment spending as cloud firms expand AI capacity, and follows Applied’s unveiling of new smart-glasses optics and advanced 3D chip production tools.
17 June 2026
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Jabil lifts outlook on strong AI data-center demand; shares rise

Jabil lifts outlook on strong AI data-center demand; shares rise

Did Jabil raise its fiscal 2026 revenue and profit forecasts? Yes, Jabil raised its fiscal 2026 revenue forecast to $35 billion and adjusted profit view to $12.70 a share, both above Wall Street expectations. How did the stock react to the news? Jabil shares rose about 9.8% to $412.29 after the company beat fiscal third-quarter estimates and lifted its 2026 outlook.
17 June 2026
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AWS, Coinbase, Zoomex move AI bots and stocks with stablecoin rails

AWS, Coinbase, Zoomex move AI bots and stocks with stablecoin rails

Amazon Web Services now lets publishers charge AI bots for access to protected content via AWS WAF, as AI bot traffic surges past 50% for many sites and AI-specific crawlers grow over 300% year over year; Coinbase handles payment verification, Stripe plans bank payouts, and the feature is free for CloudFront customers beyond standard fees.
17 June 2026
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Nokia Oyj gains with AI network bets in focus

Nokia Oyj gains with AI network bets in focus

Nokia rose 1.17% to €12.15 in Helsinki after unveiling a major U.S. photonic-chip packaging expansion and a Southeast Asia subsea cable upgrade, both aimed at boosting AI and cloud capacity; investors are weighing execution risks as strong optical demand faces supply chain, spending, and competition challenges, with share moves reflecting early optimism but not yet a verdict on long-term margin gains.
17 June 2026
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Micron Drops From Highs With AI Tailwind Facing Earnings Bar

Micron Drops From Highs With AI Tailwind Facing Earnings Bar

Micron Technology shares fell 3.6% to $1,048.87 after a record high, as investors took profits in the hot AI memory trade ahead of the June 24 earnings call, where results will test whether booming AI-driven memory demand can justify the stock’s 800% run and high valuation, with analysts warning that any disappointment could hit both earnings expectations and the stock’s multiple.
16 June 2026
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Stock Market Today

  • Egypt's MNT-Halan Plans Cairo IPO with $900M-$1B Valuation
    June 24, 2026, 11:37 AM EDT. Egypt-based digital lender MNT-Halan aims to go public on the Cairo Exchange possibly this year, according to Bloomberg sources. The planned initial public offering (IPO) targets the firm's Egyptian operations, excluding its businesses in Turkey, the UAE, and Pakistan. MNT-Halan works with Citigroup and EFG Hermes for the listing, with a valuation estimated between $900 million and $1 billion. The company reached unicorn status in 2023 post a $400 million funding round valuing it at $1.4 billion. FinTech growth in the Middle East is driven by rapid digital adoption, especially in Gulf economies, amid geopolitical risks influencing investor sentiment and market risk classification.
XRP drops under $1.10 as ETF assets lag inflows by $459 million

XRP drops under $1.10 as ETF assets lag inflows by $459 million

24 June 2026
XRP plunged 2.4% to $1.07, with U.S. spot XRP ETF net assets standing 31.6% below cumulative net inflows, highlighting a $459 million mark-to-market drag as ETF buying failed to offset broader selling; XRP’s 10.6% weekly drop more than doubled the global crypto market’s 4.4% slide.
Strategy shares slip with pressure mounting on Saylor to halt bitcoin purchases

Strategy shares slip with pressure mounting on Saylor to halt bitcoin purchases

24 June 2026
Strategy Inc shares plunged 5.2% to $98.45 after selling $335.5 million in stock to buy 520 bitcoin, raising investor concerns as its dollar reserve dropped 38% this year and dividend coverage shrank to 14 months, with preferred shares (STRC) sliding 3.2% to $84.56 and yields spiking to 13% as experts warn continued bitcoin buying could further erode confidence.
Bitcoin dips as BlackRock sees outflows, ETF inflows can’t offset hedging

Bitcoin dips as BlackRock sees outflows, ETF inflows can’t offset hedging

24 June 2026
BlackRock’s IBIT spot bitcoin ETF saw $354 million in outflows over two days—0.75% of its assets—even as rival funds posted inflows, signaling concentrated selling pressure; bitcoin dropped 2.3% to $60,843, with traders paying more for downside protection ahead of Friday’s $10.5 billion options expiry.
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