Today: 13 June 2026
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NYSE:IBM 23 April 2026 - 8 June 2026

Dow Drops After Hours, AI Rally Sidesteps Blue Chips

Dow Drops After Hours, AI Rally Sidesteps Blue Chips

The Dow Jones fell 104.70 points, or 0.21%, to 50,762.08 as tech and chip stocks rebounded sharply, with the Philadelphia SE Semiconductor Index up 6.2% after Friday’s $1 trillion selloff; Apple dropped 1.4% despite its AI event, and investors now await Wednesday’s inflation data and Middle East energy risks as the next key tests for the market’s fragile rebound.
Dow drops after oil jump, Fed signals and tech moves

Dow drops after oil jump, Fed signals and tech moves

The Dow Jones fell 338.84 points, or 0.66%, to 50,968.95 as oil surged near $100 a barrel after Iran launched missiles and U.S. forces struck Iran’s Qeshm Island, reviving inflation fears and ending Wall Street’s record run; tech stocks led declines, with software down 3.1% and Datadog, Palo Alto Networks, and IBM dropping up to 7.7%. (Reuters)
ServiceNow Stock Gains as Wall Street AI Trade Turns

ServiceNow Stock Gains as Wall Street AI Trade Turns

ServiceNow soared 8.5% to $134.95 in heavy trading after Nvidia CEO Jensen Huang dismissed fears that AI agents will replace software firms, calling it “exactly the opposite.” Salesforce, IBM, and Adobe also rallied as investors rotated back into software stocks. ServiceNow reported Q1 subscription revenue up 22% to $3.67 billion and a 130%+ jump in $1M+ Now Assist customers. Risks flagged include competition, AI adoption, macro factors, and FX.
IBM’s $15 Billion Move Catches Wall Street’s Eye Ahead of the Open

IBM’s $15 Billion Move Catches Wall Street’s Eye Ahead of the Open

IBM surged 12.7% to $297.80 Friday after pledging $10B for quantum computing and $5B for open-source security with Red Hat. IBM will get $1B from a Trump administration quantum initiative for its Anderon chip project. Q1 revenue rose 9% to $15.9B; IBM kept its 5%+ growth outlook and raised its dividend to $1.69, payable June 10. IBM’s rally drove the Dow higher; NYSE will open as usual Monday.
1 June 2026
Rigetti Computing Stock Jumps Before RGTI Earnings as Quantum Revenue Test Hits Tonight

Rigetti Stock Climbs Before the Bell as IBM’s $10 Billion Quantum Push Reignites a Wild Rally

Rigetti Computing climbed in premarket trading Friday, quoted at $27.34 after closing up nearly 10% Thursday, as quantum stocks surged following IBM’s $10 billion investment plan. Rigetti shares have jumped about 60% since May 20, with trading volume spiking. U.S. government funding and sector IPO activity fueled further gains. Rigetti recently signed a letter of intent for up to $100 million in federal research funding.
GlobalFoundries Stock Jumps on $375 Million Quantum Deal as U.S. Takes Stake in GFS

GlobalFoundries Stock Jumps on $375 Million Quantum Deal as U.S. Takes Stake in GFS

GlobalFoundries shares jumped 15% to $81.35 Thursday after the Commerce Department announced a planned $375 million award and a 1% government stake in the chipmaker. Trading volume topped 11 million shares, triple the prior day. The company launched a new quantum hardware unit as part of a $2 billion federal package for nine firms. The Commerce deal remains a letter of intent, not a finalized payment.
D-Wave Shares Climb After $100 Million U.S. Quantum Deal Adds Washington as Shareholder

D-Wave Shares Draw Investor Interest After Washington Quantum Funding

D-Wave Quantum traded near $28 in early premarket Friday after signing a letter of intent for $100 million in proposed U.S. funding, giving the Commerce Department an equity stake. Shares closed Thursday at $25.73, up 33.4%. The deal is not final and could be delayed or canceled. D-Wave reported $588.4 million in cash at March 31, with Q1 revenue down 81% to $2.9 million and a net loss of $18.4 million.
Dow Sets New High as Oil, Nvidia Unsettle Wall Street

Dow Sets New High as Oil, Nvidia Unsettle Wall Street

The Dow Jones closed at a record 50,285.66 on Thursday, lifted by a 12.5% jump in IBM after it secured $1 billion in federal funding for a quantum-chip venture. Brent crude fell 2.3% to $102.58 a barrel, easing inflation concerns. Nvidia dropped 1.8% despite strong earnings, while Ralph Lauren rose 13.9% and Walmart slid 7.3% on profit news. U.S. jobless claims fell to 209,000 last week.
AI Stocks Rally, Deere Misses Out

AI Stocks Rally, Deere Misses Out

Arm shares surged 16.1% to $298.16, pushing its market value above $300 billion after reporting record revenue and strong data-center growth. Rigetti jumped 30.6% and IBM rose 12.5% following $2 billion in U.S. quantum computing incentives. Nvidia posted record quarterly revenue but slipped 1.8%. Bloom Energy gained 9% as Nebius announced major AI power infrastructure deals.
Infleqtion shares react to $100 million quantum funding news in Washington

Infleqtion shares react to $100 million quantum funding news in Washington

Infleqtion shares rose 5.1% premarket Thursday after the U.S. Commerce Department signed a preliminary $100 million funding letter for its neutral-atom quantum computing project, which would also give the government stock in the company. The proposed award, not yet final, is contingent on milestones and approvals. INFQ last traded at $11.18 before the New York open. D-Wave and Rigetti also saw premarket gains.
Dow Jones Today: Why the Blue-Chip Rally Stalled as Apple, S&P 500 and Nasdaq Pushed Higher

Dow Jones Today: Why the Blue-Chip Rally Stalled as Apple, S&P 500 and Nasdaq Pushed Higher

The Dow Jones Industrial Average fell 78.72 points to 49,573.42 by midday Friday, reversing an early rally as tariff concerns weighed on gains from Apple and other strong earnings reports. President Donald Trump announced a 25% tariff on EU-made cars and trucks starting next week. Apple reported quarterly revenue of $111.2 billion, up 17% year over year. Oil prices dropped after Iran sent a new negotiation proposal.
US Stock Market Today: Nasdaq Futures Ride Intel Rally as Oil Shock Keeps Dow Under Pressure

US Stock Market Today: Nasdaq Futures Ride Intel Rally as Oil Shock Keeps Dow Under Pressure

Nasdaq 100 futures rose 172 points early Friday, driven by Intel’s strong forecast, while Dow futures slipped 58 points as oil prices climbed above $105 a barrel amid ongoing tensions in the Strait of Hormuz. Intel shares jumped 19% after projecting second-quarter revenue above estimates. The S&P 500 software and services index fell 5.09% Thursday, its steepest drop since January. Consumer sentiment data is due at 10 a.m. ET.
IBM Stock Tumbles After Earnings Beat as Software Slowdown Reignites AI Fears

IBM Stock Tumbles After Earnings Beat as Software Slowdown Reignites AI Fears

IBM shares fell 9.6% to $227.72 after first-quarter results showed slowing software and consulting growth, despite beating earnings estimates. The selloff spread to ServiceNow, Microsoft, and Adobe, while chip stocks rose. IBM reported $15.92 billion in revenue, up 9%, and raised its quarterly dividend to $1.69. Investors reacted to concerns over AI’s impact on older software businesses.
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Stock Market Today

  • Nvidia Market Cap Nears $5 Trillion Amid AI Chip Demand and China Expansion
    June 12, 2026, 7:34 PM EDT. Nvidia's market capitalization hovered near $5 trillion after shares closed flat at $205.19. The company reported record fiscal Q1 revenues of $81.6 billion, driven by $75.2 billion from its Data Center division, signaling robust AI infrastructure demand. Nvidia highlighted its new Blackwell Ultra GB300 NVL72 platform's performance, boosting efficiency for running multiple AI agents. Meanwhile, Nvidia is preparing a Vera CPU launch in China, aiming for revenue growth despite stalled GPU shipments and near-zero Data Center revenue from China. The firm forecasts Q2 sales of around $91 billion. Market watchers weigh Nvidia's lofty price-to-earnings ratio of 31.42 against the company's strong outlook and S&P Global's recent credit rating upgrade to AA, reflecting confidence in Nvidia's expanding AI hardware ecosystem.

Latest articles

Super Micro Slides Again as $7 Billion AI Financing Fuels Dilution Fears

Super Micro Slides Again as $7 Billion AI Financing Fuels Dilution Fears

13 June 2026
Super Micro Computer priced 45.45 million shares at $27.50 and depositary shares linked to 7% mandatory convertible preferred stock, aiming to raise up to $7 billion, sending SMCI down 4.7% to $30.46 as investors weigh dilution risk against $39 billion in non-binding AI server orders and await proof these orders convert to profitable revenue without further margin or share count pressure.
Nvidia Gets AI Approval From Apple But Shares Stay Flat

Nvidia Market Cap Hovers Near $5 Trillion; Vera China Launch and Blackwell Score Spotlight AI Demand Again

13 June 2026
Nvidia closed at $205.19, up 0.16%, as investors weighed strong AI infrastructure demand—including a $10 billion KKR-led Helix Digital Infrastructure launch with Nvidia as an anchor—against high valuation and risks like stalled China GPU shipments, heavy reliance on TSMC, and potential data-center power shortages, with the next major stock catalyst set for the June 24 annual meeting.
Nokia Oyj Gains 10% After JPMorgan’s AI Move

Nokia Oyj Gains 10% After JPMorgan’s AI Move

13 June 2026
Nokia soared 10.06% to €12.97 after JPMorgan raised its price target to €18, citing AI and cloud growth, making it the top OMX Helsinki 25 performer; the next key catalyst is Nokia’s Q2 and half-year report on July 23, with analysts divided as the average target remains below the current price despite bullish forecasts.
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