Today: 23 June 2026
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Artificial Intelligence 22 June 2026 - 23 June 2026

Anthropic has secured a new partnership with Micron Technology, which will supply memory and storage for the AI startup ahead of its anticipated IPO. Micron will also join Anthropic’s latest funding round, though terms were not disclosed. IBM shares rose over 3% after announcing a cyber-defense deal with OpenAI and new U.S. quantum-computing orders, bucking a broader Nasdaq decline. OpenAI revealed plans to introduce ChatGPT ads in Brazil and Mexico soon, with India to follow, aiming to use ad revenue to expand information access. The KOSPI index in Seoul fell nearly 10%, its steepest drop in over three months, after a selloff in chipmakers following a record AI rally and regulatory warnings. U.S. index ETFs were mostly flat in after-hours trading, with blue chips slightly up and growth stocks weaker. Amazon shares dropped 4.75% as investors questioned the payoff timeline for AI investments. Nokia shares climbed after expanding its AI network-software partnership with Google Cloud. Micron shares hit a record high, driven by the Anthropic deal and strong AI data center demand. Nexentis Technologies more than doubled after an AI drug-discovery update. Nvidia fell nearly 1% as large tech stocks weighed on the Nasdaq. Applied Optoelectronics rose almost 8% after a China unit doubled its credit line, signaling a manufacturing ramp. Palantir slid over 6% to a 52-week low amid concerns about AI spending and valuations. Bloom Energy remained above recent records as data-center builders cited electricity as a bottleneck. The VanEck Semiconductor ETF saw $6.93 billion in net inflows, making up a significant portion of technology sector fund inflows. HIVE surged 20% after Columbia University researchers remotely trained AI models on its GPUs in Paraguay. Broadcom declined despite reassurances about its Google TPU roadmap, with risks centered on securing full AI racks and large-scale financing. Microsoft’s West Texas power deal gave Caterpillar a key role in data-center energy projects, with co-located power seen as a catalyst. Chevron agreed to supply natural gas to Microsoft’s new Texas data center under a 20-year deal, as AI focus shifts to energy needs; Microsoft’s Azure grew 40%. Alphabet shares fell 5.6% on concerns over AI costs, share sales, and management changes, though Citizens maintained its Market Outperform rating.
AI-led rally in South Korea stalls at 10% as chip downturn dents Seoul trade

AI-led rally in South Korea stalls at 10% as chip downturn dents Seoul trade

South Korea’s KOSPI plunged 9.99%—its sharpest drop in over three months—after a record AI chip rally reversed on regulatory warnings and profit-taking, triggering a market-wide trading halt; Samsung Electronics and SK hynix each sank over 12% as foreign and institutional investors dumped shares, while retail buyers drove heavy trading, leaving the index still up nearly 95% for the year.
23 June 2026
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Amazon Stock Just Got Hit Before Prime Day — AI Spending Fears Are Back

Amazon Stock Just Got Hit Before Prime Day — AI Spending Fears Are Back

Amazon shares plunged 4.75% to $232.79 as investors questioned whether the company’s massive AI and cloud spending will pay off quickly enough, just ahead of Prime Day—a key test of U.S. consumer demand—with Bank of America projecting $21.6 billion in sales for the event and analysts warning that profit quality could disappoint if shoppers focus on lower-margin essentials.
23 June 2026
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Micron Shares Reach All-Time High with AI Memory Demand in Focus Ahead of Earnings

Micron Shares Reach All-Time High with AI Memory Demand in Focus Ahead of Earnings

Micron Technology surged 6.9% to a record $1,211.38 after announcing a supply and investment deal with Anthropic, defying a tech market drop, as investors bet on AI-driven demand and raised analyst targets; Wednesday’s earnings will test if Micron can sustain gross margins above 80% and meet rising expectations amid tight competition and a global memory shortage.
23 June 2026
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Nvidia Drops Under $209 as AI Spend Jitters Hit Tech

Nvidia Drops Under $209 as AI Spend Jitters Hit Tech

Nvidia shares slid 0.97% to $208.65 as tech stocks dragged the Nasdaq down 1.3%, spotlighting investor anxiety over massive AI infrastructure spending; despite strong fundamentals and a new AI system promising lower water use, concerns remain that slower cloud data-center orders or rising bond yields could pressure Nvidia’s high valuation ahead of its June 24 shareholder meeting.
23 June 2026
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IBM’s $15 Billion Move Catches Wall Street’s Eye Ahead of the Open

IBM slide puts AI growth bets in focus as Accenture outlook hits techs

IBM shares fell 1.8% to $244.57 as Accenture’s weaker outlook pressured IT services stocks, intensifying debate over whether AI will boost IBM’s high-margin software revenue enough to offset risks to its lower-margin consulting business; investors now focus on IBM’s July 22 earnings for clarity on software growth, consulting signings, and free cash flow.
22 June 2026
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SMH ETF flows point to AI chip trade moving away from Nvidia

SMH ETF flows point to AI chip trade moving away from Nvidia

VanEck Semiconductor ETF (SMH) pulled in $6.93 billion in one-day net flows—nearly a third of the week’s record tech fund inflows—as investors shifted from leveraged Nvidia bets to diversified chip exposure, sending semiconductor stocks higher even as megacap tech fell, highlighting a sharp rotation in the AI trade.
22 June 2026
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Broadcom’s $2 Trillion AI Call Gets 7.5% Test Next Week

Broadcom’s Google AI chip contract takes on new weight as JPMorgan defends stock

Broadcom shares slid to $396.72 midday Monday, down $14.63, as investors weighed JPMorgan’s defense of its Google AI chip program against concerns over customer concentration and a broader reset in high-valuation AI infrastructure stocks, despite Broadcom forecasting over 200% AI semiconductor revenue growth for Q3 and securing multi-year supply deals with Google and Anthropic.
22 June 2026
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Caterpillar’s AI power trade gets fresh proof as Microsoft-Chevron deal taps Solar Turbines

Caterpillar’s AI power trade gets fresh proof as Microsoft-Chevron deal taps Solar Turbines

Caterpillar surged 3% to about $1,015 after Chevron named its unit as a supplier for Project Kilby, a 2.67 GW Microsoft data-center power project, cementing Caterpillar’s role in AI-driven energy demand; with Power & Energy sales up 22% and a recent 8% dividend hike, investors now face valuation risks if AI power orders or margins falter, as analysts warn shares trade above fair value.
22 June 2026
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Microsoft slips 2.9% this holiday-shortened week as traders question cloud capacity

Microsoft Shares in Focus After Chevron AI Deal Raises Capex Questions

Chevron’s 20-year deal to supply dedicated natural-gas power for Microsoft’s Pecos, Texas, data center shifts the AI investment debate from software demand to energy access, as Microsoft shares traded lower despite Azure’s 40% growth and a $37 billion AI revenue run rate, with investors focused on whether massive capital spending can convert $627 billion in contracted demand into realized cloud revenue.
22 June 2026
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Alphabet Faces Pressure as Google Stock Drops on $85 Billion Share Sale and AI Talent Outflows

Alphabet Faces Pressure as Google Stock Drops on $85 Billion Share Sale and AI Talent Outflows

Alphabet shares plunged 5.6% to $347.53 as investors reacted to a $40 billion at-the-market stock sale set for Q3, leadership exits to OpenAI and Anthropic, and soaring AI infrastructure costs, despite strong Q1 revenue and Google Cloud growth; free cash flow dropped to $10.1 billion as Alphabet shifts to an asset-heavy model, raising concerns about dilution and capital spending.
22 June 2026
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Stock Market Today

  • UK's Telecom Plus Shares Fall Following Profit Warning
    June 23, 2026, 5:18 AM EDT. Shares of Telecom Plus in the UK fell sharply after the company issued a profit warning. The firm alerted investors to weaker-than-expected financial results, which raised concerns about its near-term earnings outlook. Telecom Plus, a key player in the telecommunications sector, cited challenges that are impacting its revenue growth. Market analysts are reassessing the stock's valuation amid this profit downgrade. This development adds pressure to the telecom sector's performance in the broader FTSE market.

Latest articles

OpenAI pushes $100 billion ChatGPT ad push into key spot in IPO pitch

OpenAI pushes $100 billion ChatGPT ad push into key spot in IPO pitch

23 June 2026
OpenAI told investors it expects $2.5 billion in ad revenue this year and $100 billion by 2030 as it expands ChatGPT ads to Brazil, Mexico, and India, aiming to strengthen its case for a potential $1 trillion IPO, but high costs and slower-than-expected ad market growth could pressure its valuation or timing.
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