Today: 28 June 2026
MSFT rally set for Russell reshuffle as AI spending jitters hang over stock
28 June 2026

MSFT rally set for Russell reshuffle as AI spending jitters hang over stock

Microsoft (MSFT) surged 5.71% to $372.97 on record volume as FTSE Russell index changes moved the stock into both growth and value indexes, driving a “really massive trade” and “key liquidity day”; investors now face uncertainty over real demand versus index flows, with capex and AI spending weighing on future profitability.
Fifth Third’s Social Security card change puts $3.6 billion Direct Express deposit base in play

Fifth Third’s Social Security card change puts $3.6 billion Direct Express deposit base in play

Fifth Third Bancorp (NYSE:FITB) is absorbing millions of Direct Express cardholders and $3.6 billion in noninterest-bearing deposits as Social Security ends paper checks, giving FITB a major low-cost funding boost—but execution risks loom as the bank integrates Comerica’s former program and manages potential fraud and service challenges.
Moderna (NASDAQ:MRNA) price targets draw attention as shares rally into short holiday week

Moderna (NASDAQ:MRNA) price targets draw attention as shares rally into short holiday week

Moderna soared 12.6% Friday on heavy volume after unveiling new in vivo CAR-T pipeline plans, closing at $67.27—52% above the mean analyst target but still 14.5% below Piper Sandler’s new $77 target. The rally followed Science Day updates, even as analysts note the main new asset is preclinical and cash burn continues, with $7.5B cash at March-end and a projected $3B R&D spend for 2026.

IPO calendar eyes Bending Spoons as shortened week thins deal pipeline

IPO calendar eyes Bending Spoons as shortened week thins deal pipeline

Bending Spoons (NASDAQ:BSP) drives 61% of next week’s $2.56 billion U.S. IPO proceeds, making its $1.57 billion raise a key test for investor appetite in debt-heavy software M&A, with a $18.1 billion valuation and 4.0x net debt to EBITDA leverage, as markets brace for a holiday-shortened week and a looming $29.4 billion SK hynix Nasdaq ADR.
AI News Roundup – June 28, 2025

AI News Roundup – June 28, 2025

Meta hired OpenAI researcher Trapit Bansal and bought a 49% stake in Scale AI, valued at nearly $15 billion, while securing 1.1 GW of nuclear power for future AI data centers. Amazon’s stock nearly doubled in three years as AWS holds about 30% of the global cloud market. U.S. Judge Alsup ruled AI training on copyrighted books can be fair use, but Anthropic faces trial in December over alleged use of pirate copies.
June 2025 AI News Roundup: Breakthroughs, Surprises, and Global Developments

June 2025 AI News Roundup: Breakthroughs, Surprises, and Global Developments

OpenAI CEO Sam Altman said GPT-5 will launch in summer 2025, claiming major improvements over GPT-4. Midjourney released its first text-to-video system, Model V1, in June 2025. Meta delayed LLaMA 4 Behemoth to late 2025 due to performance issues. Google DeepMind introduced Gemini Robotics On-Device, running vision-language-action AI entirely on robots.

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TeraWulf (NASDAQ:WULF) short interest, volume in focus as AI rally gets tested

TeraWulf (NASDAQ:WULF) short interest, volume in focus as AI rally gets tested

TeraWulf plunged 10.9% to $25.83 this week—sharply underperforming the Nasdaq—after hitting a 52-week high Monday, as Friday’s Russell index reconstitution drove volume to 66.3 million shares, but failed to clear the heavy 108.65 million share short interest, leaving WULF exposed to further volatility as investors weigh the long-term payoff of its Kentucky data-center expansion.
Plug Power (NASDAQ:PLUG) stock heads into June 30 cash deadline after shares fall five days

Plug Power (NASDAQ:PLUG) stock heads into June 30 cash deadline after shares fall five days

Plug Power (PLUG) fell 1.17% to $2.54 Friday, capping a five-day, 10.9% slide as volume jumped above average, with investors eyeing a June 30 deadline to close a $132.5M–$142M asset sale to Stream Data Centers—a key liquidity event equal to up to 64% of unrestricted cash and nearly all Q1 operating cash use—amid a shortened trading week before the July 3 market holiday.
Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 28.06.2026

LIVEMarkets rolling coverageStarted: June 28, 2026, 4:00 AM EDTUpdated: June 28, 2026, 1:07 PM EDT Sandisk Surges 781% in 2026, Outperforming S&P 500 Stocks Amid AI Storage Demand June 28, 2026, 12:59 PM EDT. Sandisk’s stock has soared 781% in the first half of 2026, far outpacing all S&P 500 companies, including Micron’s 297% gain. This surge is driven by booming demand for NAND flash memory, crucial for AI systems that require vast, high-speed data storage. Sandisk, spun off from Western Digital in 2025, has seen a cumulative 3,900% gain since independence. Supply discipline following the 2023-2024 memory downturn has
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