Today: 7 June 2026
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Artificial Intelligence 5 June 2026 - 7 June 2026

AI Selloff Cuts $1.3 Trillion, Goldman Says Room Left in Trade

AI Selloff Cuts $1.3 Trillion, Goldman Says Room Left in Trade

U.S. chip stocks plunged Friday, erasing $1.3 trillion and ending the S&P 500’s nine-week rally as a strong jobs report, looming Fed meeting under new chair Kevin Warsh, and Broadcom’s weak update triggered the worst market day since October; the Philadelphia chip index sank 10.3%, with analysts warning of a possible tactical pullback and risks if selling accelerates.
6 June 2026
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Meta Shares See $31 Million Spend Before AI Funding Jitters Arrive

Meta Shares See $31 Million Spend Before AI Funding Jitters Arrive

Meta stock plunged 5.5% to $593 Friday after reports it may raise tens of billions via a stock sale to fund soaring AI infrastructure costs, despite delayed filings showing Waystone, Eaton, and Fidelis held $31.4 million in Meta at year-end; analysts’ average target is $840.60, but investors are wary of dilution and rising capex, as Meta lifts 2026 spending outlook to up to $145 billion.
6 June 2026
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Amazon shares drop as investors react to rate jolt, AI rally cools

Amazon shares drop as investors react to rate jolt, AI rally cools

Amazon shares plunged 3.1% to $246.03 with over 55 million shares traded after a strong U.S. jobs report fueled fears of prolonged high interest rates, putting pressure on fast-growing tech stocks despite Amazon’s new $4 billion AWS deal with Pinterest, upgraded AI warehouse robots, and rising sales; investors weighed AWS growth and AI investments against falling free cash flow and higher capital spending.
5 June 2026
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QQQ Drops After Surprise Jobs Data, Market Eyes Rates and AI

QQQ Drops After Surprise Jobs Data, Market Eyes Rates and AI

Invesco QQQ Trust plunged 3.29% to $716.26 after a strong U.S. jobs report boosted rate-hike odds to 70%, hitting tech and AI stocks that dominate the ETF; the drop pushed QQQ below key technical support, with investors now weighing near-term rate risk over long-term growth, as higher yields threaten future earnings valuations.
5 June 2026
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Vanguard Growth ETF’s Low Fees Draw Focus as AI Surge Faces Scrutiny

Vanguard Growth ETF’s Low Fees Draw Focus as AI Surge Faces Scrutiny

Vanguard Growth ETF plunged 2.7% to $86.79 Friday as a tech-led selloff hit top holdings like Nvidia, Apple, and Microsoft, despite a 27.64% one-year gain and ultra-low 0.03% fee; the drop followed a strong U.S. jobs report that pushed rate-hike bets higher and triggered a sharp reversal in growth and chip stocks.
5 June 2026
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AI-driven stocks stall on Wall Street after jobs report shakes chip sector

AI-driven stocks stall on Wall Street after jobs report shakes chip sector

Chip stocks plunged Friday, with Broadcom down 4.5% and Nvidia 3.7%, after a stronger-than-expected May jobs report fueled fears the Fed may delay or reverse rate cuts, slamming AI-linked shares that powered this year’s rally; Broadcom’s revenue and AI chip forecast missed Wall Street estimates, triggering a 4.7% drop in the semiconductor ETF as investors demanded perfection.
5 June 2026
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Keel Infrastructure Falls as Investors Eye $400 Million AI Data-Center Spend

Keel Infrastructure Falls as Investors Eye $400 Million AI Data-Center Spend

Keel shares plunged 12% to $5.22 after the company priced an upsized $400 million convertible note sale, raising dilution risk for investors as Keel seeks capital to fund its pivot from bitcoin mining to AI data-center infrastructure; the offering follows recent claims of strong liquidity, fueling investor concerns about future share issuance before new business proves itself.
5 June 2026
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Stock Market Today

  • Stock Market Slumps on Strong Jobs Report Sparking Rate-Hike Fears; Chip Stocks Tumble
    June 7, 2026, 1:17 PM EDT. The stock market declined on Friday, led by a sell-off in chip stocks including AMD and Intel. This downturn came despite a strong jobs report, which has stoked fears of interest rate hikes. The Nasdaq was notably impacted as investors digested the implications of robust employment data on future Federal Reserve policy. The report's strength raised concerns that the Fed may continue or accelerate its tightening, prompting selling pressure on growth-sensitive stocks in the semiconductor sector.

Latest articles

AI stocks rebound after sharp selloff, Wall Street weighs SpaceX effect

AI stocks rebound after sharp selloff, Wall Street weighs SpaceX effect

7 June 2026
U.S. stocks tumbled Friday, ending the S&P 500’s nine-week winning streak with tech stocks plunging 5.8% and U.S.-traded chipmakers losing $1.3 trillion in market value, as investors brace for May inflation data and SpaceX’s $75 billion IPO, both seen as key tests for the AI-driven rally ahead of the Fed’s policy meeting.
Archer Aviation Sinks 13%. Two Big Tests Coming Next Week

Archer Aviation Sinks 13%. Two Big Tests Coming Next Week

7 June 2026
Archer Aviation plunged 13.2% to $5.54 Friday as investors dumped growth stocks after a strong May jobs report fueled fears of prolonged Fed rate hikes; with Archer still pre-revenue and burning cash, higher rates threaten future profit valuations and could keep pressure on the stock, especially if flight testing or FAA certification slows.
POET Technologies Stock Drops Sharply as Investors Watch

POET Technologies Stock Just Took a Hit — Why Monday Could Decide the Next Move

7 June 2026
POET Technologies plunged 23.36% to $11.86 Friday, ending the week 3.5% lower and well below its recent $21 financing price, as investors dumped AI and semiconductor stocks amid sector-wide selling and macro fears ahead of key U.S. inflation data, leaving POET’s outlook highly sensitive to customer orders and manufacturing execution.
Warner Bros. Discovery Move on Watch for Monday as Market Eyes Next Step

Warner Bros. Discovery Move on Watch for Monday as Market Eyes Next Step

7 June 2026
Warner Bros. Discovery shares fell 2.81% to $26.24 after reports that California, New York, and other states are preparing an antitrust lawsuit to block Paramount’s $110 billion takeover, increasing risk that the deal could be delayed or fail; the stock trades well below Paramount’s $31-a-share offer, reflecting investor doubts ahead of key U.S. and EU regulatory decisions.
Apple Stock’s Next Big Move May Come Monday As WWDC Puts Siri On Trial

Apple Stock’s Next Big Move May Come Monday As WWDC Puts Siri On Trial

7 June 2026
Apple shares slipped 1.5% last week to $307.34 as investors brace for Monday’s WWDC, where Apple must unveil a credible AI strategy—especially a more capable Siri—to regain confidence, with options traders pricing a 3% stock swing and analysts warning that only major surprises could lift the stock amid broader tech market volatility.
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