Broadcom swooned after weak earnings hit chip stocks; a tech giant known for semiconductors and infrastructure software. Still CEO: Hock Tan.
Anthropic has released the Mythos model to a limited group of firms under Project Glasswing and has warned it can find thousands of software vulnerabilities faster than humans. Regulators and finance leaders in the US, UK, EU and Canada have convened urgent meetings, wargames and briefings to assess risks and coordinate defensive access and rules.
The AI-driven rally in memory stocks including Samsung, SK Hynix and Micron has continued, with valuations hitting trillion-dollar levels as demand for AI hardware remains robust. OpenAI and Anthropic are preparing IPOs, while SpaceX is set to trade soon, keeping investors wary of volatility.
US markets rally as the Dow climbs, but chipmakers drop after earnings; CrowdStrike and Broadcom move markets with mixed results as AI momentum faces a pullback.
Markets have absorbed a wave of AI-related offerings, with SpaceX, Anthropic and OpenAI slated to go public at high valuations. Investors weigh liquidity, demand and potential government involvement as supply risks mount in a rapidly evolving funding cycle.
A wave of weak and strong data has spurred volatility in U.S. markets. The May jobs report strengthened risk that inflation remains persistent, pushing Treasury yields higher and clouding bets on rate cuts. Investors await the CPI for confirmation and direction.