Today: 9 June 2026
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BIT:ENEL 5 August 2025

AI’s Big Bang: Billion-Dollar Deals, Breakthroughs & Backlash (Aug 4–5, 2025 AI Roundup)

AI’s Big Bang: Billion-Dollar Deals, Breakthroughs & Backlash (Aug 4–5, 2025 AI Roundup)

OpenAI raised $8.3 billion at a $300 billion valuation in a round led by Dragoneer, with SoftBank committing up to $40 billion this year. AI-driven M&A hit $2.6 trillion in the first seven months of 2025, up 28% in value despite fewer deals. Italy launched an antitrust probe into Meta over WhatsApp AI integration. California’s new AI hiring rules take effect October 1, 2025.

Stock Market Today

  • GE Vernova Shares Surge 95% in One Year: Is the Stock Overvalued?
    June 8, 2026, 10:43 PM EDT. GE Vernova (GEV) has seen a 95.0% share price surge over the past year, followed by a recent 10.2% decline this month, closing at $933.85. Analysts highlight its separation from the former parent company and rapid growth in the power and energy sector. A Discounted Cash Flow (DCF) analysis estimates GE Vernova's intrinsic value at around $759.92, suggesting the stock is trading at a 22.9% premium and may be overvalued. The company's free cash flow projections extend to 2035, with estimates rising from $7.23 billion in 2026 to $18.16 billion by 2035. Investors are advised to consider multiple valuation models amid concerns about the current high valuation against future earnings expectations.

Latest articles

Chip Rally Breaks as Nasdaq Faces Tight Labor Market

Nasdaq rises after hours as chips recover

9 June 2026
Nasdaq jumped 0.86% as chip stocks rebounded, with Intel soaring 11.2% on news Google ordered over 3 million AI chips for 2028, while Apple slid 1.9% after unveiling new AI features. Investors await Wednesday’s May CPI inflation report, which could spark volatility in tech and growth stocks.
Broadcom Stock Rebounds, AI Remains an Open Question for Wall Street

Broadcom Stock Rebounds, AI Remains an Open Question for Wall Street

9 June 2026
Broadcom shares jumped 2.8% to $396.60 as chip stocks rebounded after last week’s $1 trillion sector wipeout, but investors remain cautious after Broadcom’s Q2 revenue missed expectations and the company declined to raise its 2027 AI revenue forecast, fueling concerns that rapid AI growth may not meet Wall Street’s high demands.
BitMine Stock Gains as Ether Holdings Approach 5% Target

BitMine Stock Gains as Ether Holdings Approach 5% Target

9 June 2026
BitMine Immersion Technologies shares jumped 6% after revealing ether holdings climbed to 5.54 million tokens, now 4.59% of Ethereum’s supply, with $9.6 billion in crypto, cash and stakes. The company priced a $273.8 million preferred stock offering, with proceeds possibly funding more ETH purchases and staking. BitMine projects $230 million in annualized staking revenues but warns of risks if ETH or financing falters.
Mingteng Stock Jumps 81% After Halting $100M Share Sale Plan

Mingteng Stock Jumps 81% After Halting $100M Share Sale Plan

9 June 2026
Mingteng International shares soared 81.3% to $1.94 after the company ended its at-the-market stock sale plan, having raised about $20.6 million in gross proceeds; trading volume hit 24.2 million, dwarfing its $12 million market value, as the move outpaced gains in other U.S.-listed China auto stocks.
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