Today: 4 June 2026
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Artificial Intelligence 3 June 2026 - 4 June 2026

Micron Drops as AI Memory Stocks Take a Hit

Micron Drops as AI Memory Stocks Take a Hit

Micron Technology plunged 8.3% to $989.46 after a chip-sector selloff triggered by Broadcom’s revenue miss, but analysts say the memory-chip shortage could last years, with Morgan Stanley raising its target to $1,050; risks remain as Raymond James warns DRAM and NAND prices may peak mid-2026, and supply chain groups caution AI data centers are straining chip availability.
4 June 2026
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Nvidia Faces New AI Test After Broadcom Drop Hits Chip Stocks

Nvidia Faces New AI Test After Broadcom Drop Hits Chip Stocks

Nvidia shares slipped to $214.75 premarket as a Broadcom-led chip selloff rattled AI stocks, after Broadcom’s disappointing AI chip results and flat 2027 revenue target triggered a $315 billion market value drop; investors are questioning whether Nvidia’s rapid growth and dominance can keep matching sky-high expectations despite record Q1 revenue and expanded buybacks.
4 June 2026
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Alphabet Stock Eyes AI Raise as Google Parent Increases Target to $84.75 Billion

Alphabet Stock Eyes AI Raise as Google Parent Increases Target to $84.75 Billion

Alphabet shares slipped about 0.7% pre-market as investors reacted to its $84.75 billion equity raise to fund massive AI infrastructure spending, with the common-stock offering set to close today and a $10 billion Berkshire Hathaway investment anchoring the deal; 2026 capital expenditures are forecast at $180–$190 billion, with stock dilution and AI demand key risks.
4 June 2026
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IREN Up Early as 800MW AI Campus in Australia Heats Up Power Race

IREN Stock Moves Early as Market Reacts to Australia AI Data-Center Push

IREN Ltd. shares dropped 5.8% in extended trading to $61.66 after announcing an 800MW Australian data-center campus, despite a $3.65B GPU financing deal and major contracts with Microsoft and Nvidia; Q3 revenue fell to $144.8M with a $247.8M net loss, as investors weigh growth ambitions against execution, bitcoin prices, and project risks.
4 June 2026
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Sandisk Stock Warning: The $1,150 SNDK Offer Investors Are Being Told to Reject

SanDisk’s Rally Pauses as AI Chip Names Hit Resistance

SanDisk shares plunged 5.7% premarket to $1,727.22 after a record close, as a selloff in AI chip stocks hit sentiment despite surging 672% year-to-date and reporting 97% sequential revenue growth; investors now weigh memory-chip shortage gains against risks of “chipflation,” customer pushback, and policy pressure, with Wall Street watching for updates at the June 9 Mizuho Technology Conference.
4 June 2026
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Marvell Shares Set New High With Nvidia Surge Lifting Chip Suppliers

Marvell Shares Set New High With Nvidia Surge Lifting Chip Suppliers

Marvell soared to a record $301.65 close after Nvidia CEO Jensen Huang called it the next “trillion-dollar company,” fueling an AI-led rally as investors reprice Marvell for its data-center networking and custom chip growth; record Q1 revenue and raised forecasts add momentum, but Morningstar warns the stock now trades well above its $235 fair value estimate with “High” uncertainty.
4 June 2026
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Veeva Shares Drop Despite Earnings Beat, Investors Eye AI Move

Veeva Shares Drop Despite Earnings Beat, Investors Eye AI Move

Veeva shares slid 2.3% to $178.69 and dropped further after hours despite beating Q1 estimates and raising 2027 guidance, as investors weighed AI spending and CRM migration risks; management highlighted rapid AI progress and Vault CRM growth, but warned customer transitions could cause disruption, with Salesforce winning commitments from some large clients.
4 June 2026
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Stock Market Today

  • Prudential Financial Expands Retirement Market with New Fixed Indexed Annuities
    June 4, 2026, 1:16 PM EDT. Prudential Financial (PRU) launches Elevate, a new suite of fixed indexed annuities, to boost its presence in the growing retirement market through Independent Marketing Organizations (IMOs). The Elevate Accumulator and Income products aim to help customers grow and safeguard retirement savings while providing lifetime income options. This strategic move enhances Prudential's reach among independent advisors amid increasing demand for retirement income amid market volatility and longevity concerns. Competitors like Equitable Holdings (EQH) and Allianz (ALIZY) are also expanding their retirement product lines to capture market share. PRU shares have declined 2.8%, slightly better than the industry's 3% drop, and trade at a price-to-book ratio of 1.09, below the industry average of 2.46. The company's investment in retirement solutions aligns with long-term demographic and industry trends.

Latest articles

Nu Holdings Up After $1 Billion Buyback Plan, Analysts Cautious

4 June 2026
Shuttle Pharmaceuticals shares slid 3.2% to $0.507 as investors questioned its abrupt pivot from cancer-drug development to Dogecoin and Litecoin mining, with the stock trading well below the $1.03–$1.24 conversion prices in recent merger and financing deals and the company warning of substantial doubt about its ability to continue as a going concern.
High demand wipes out U.S. Mint $5,370 gold coin in minutes

High demand wipes out U.S. Mint $5,370 gold coin in minutes

4 June 2026
The U.S. Mint’s new $5,370 one-ounce American Eagle gold coin sold out in under two minutes, highlighting surging demand for physical gold investment, which Metals Focus says will overtake jewelry as the top gold demand driver this year; spot gold rose 1.7% to $4,505.35, but analysts warn high rates and a stronger dollar could pressure prices and premiums.
Recursion Stock Jumps Before Goldman Sachs Event as AI-Drug Trade Gets Fresh Heat

Recursion Stock Jumps Before Goldman Sachs Event as AI-Drug Trade Gets Fresh Heat

4 June 2026
Recursion shares surged about 12% to $3.87 on heavy volume ahead of its June 9 Goldman Sachs healthcare conference appearance, as investors look for updates on clinical timing, cash runway, and partnerships; small insider-sale filings were disclosed, and the move comes amid a broader rally in healthcare and AI drug-discovery stocks.
PVH Drops Hard as Calvin Klein Parent Issues Warning

PVH Drops Hard as Calvin Klein Parent Issues Warning

4 June 2026
PVH shares plunged 21% after the company slashed its annual sales outlook, blaming the Middle East conflict for a 5% EMEA revenue drop; despite beating first-quarter earnings estimates, the warning erased over a fifth of PVH’s market value as investors focused on EMEA demand risks, with the region making up 47% of sales.
Redwire Stock Gains After Space-Strawberry Announcement, More Ahead

Redwire Stock Gains After Space-Strawberry Announcement, More Ahead

4 June 2026
Redwire shares soared 14.6% to $21.33 after announcing a contract with Astrobiome Space for crop research on the ISS, marking the first commercial flight of its Greenhouse system; contract value was undisclosed, leaving investors to weigh the near-term financial impact as Redwire works to convert a record $498.1 million backlog into revenue following a recent Jefferies downgrade to Hold.
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