The PHLX Semiconductor index fell 5.3% on June 29 as Micron shed 6.7% and AMD declined 2.1%, capping a week in which the Nasdaq lost 4.6% amid deepening doubt about near-term AI revenue.
Tag: AI stocks
Posted inMarkets
OpenAI weighs 2027 IPO delay as Altman holds firm on $1 trillion floor
OpenAI is considering a 2027 IPO delay after Sam Altman rejected any valuation below $1 trillion, sending SoftBank’s market cap down $38 billion on the news.
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Micron guides Q4 revenue to $50 billion as AI memory demand outruns supply
Micron reported Q3 FY2026 revenue of $41.46 billion — smashing guidance by $8 billion — and guided Q4 to $50 billion as AI memory demand outpaces chip supply.
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SpaceX stock falls 18% from its record high as IPO euphoria cools
SpaceX stock (SPCX) has retreated 18% from its $225.64 all-time high as rate-hike fears and the $60 billion Cursor acquisition weigh on the post-IPO rally.
Posted inTech
Alphabet sells $80 billion in stock for AI infrastructure as Berkshire bets $10 billion
Alphabet launched an $80 billion equity raise on June 1 to fund AI infrastructure, with Warren Buffett’s Berkshire Hathaway committing $10 billion in what became an oversubscribed offering.
Posted inTech
Google I/O 2026 opens with Gemini Omni, Android XR glasses and an AI laptop
Google opened I/O 2026 on May 19 with Gemini Omni, the agentic Gemini Spark layer for Android 17, and the first public preview of Android XR smart glasses.
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US stocks reach records even as the Middle East rattles global supply chains
The S&P 500 has hit new highs in 2026 driven by AI-linked earnings growth, with large-cap tech outperforming across the board while commodities and credit spreads reflect the risk of a longer supply chain disruption from the Iran conflict.
Posted inMarkets
Nvidia guides to $78 billion for Q1 as Blackwell demand stays ahead of supply
The chipmaker’s fiscal first-quarter results, due May 20, carry $78 billion in management guidance — a sequential increase from the $68.1 billion reported in Q4 — driven almost entirely by data center orders for its Blackwell architecture platform from hyperscale cloud providers.