ARM Soars 12% on BofA’s $170B Agentic AI Call
ARM jumps 12% to $384 as Bank of America’s $170B agentic AI thesis lifts the chip trio. NVDA, AMD, INTC ride the same wave.
Technology
KKR, NVIDIA Launch $10B Helix to Bankroll AI Buildout
KKR, NVIDIA, Vistra and Kuwait’s sovereign wealth fund seeded Helix Digital Infrastructure with $10B+ in long-duration capital to finance AI infrastructure.
Marvell Joins S&P 500 June 22 — Up 230% YTD on AI Chip Demand
Marvell Technology joins the S&P 500 on June 22, 2026, replacing Pool Corp. The AI chip designer is up 230% YTD with a $246B market cap.
Adobe Drops 6% on Record Q2 as CFO Exit, AI Fear Eclipse Beat
Adobe beat Q2 FY26 estimates, raised FY26 guidance, and disclosed CFO Dan Durn’s departure to Marvell — all in one press release. The stock fell 6%.
Intel Soars 6% as BofA Double Upgrade Pegs $135 PT
Bank of America delivered a rare double upgrade to Intel, lifting its target to $135 and sizing the AI server-CPU TAM at $170 billion by 2030. INTC jumped 6%.
Why the VIX Is Calm While AI Stocks Tumble: Dispersion
Nvidia and chip names are cracking again, but the VIX barely moves. Here is what stock-level dispersion is telling investors about June 2026.
172k Jobs, $1T Wiped: Nasdaq’s Worst Week in a Year
A hot May payrolls print pushed Fed rate cuts off the table and triggered a 10.4% single-day SOXX collapse, dragging Nasdaq to its worst week in a year.
TSMC at AGM: ‘Will Be a Long Time’ Before AI Supply Catches Demand
TSMC CEO C.C. Wei told the June 4 AGM AI demand still outpaces supply, signaling pricing power as Arizona buildout hits $165 billion.
CrowdStrike Beats and Raises — Why CRWD Still Dropped 9%
CRWD beat Q1 FY27, raised full-year guidance, and announced a 4-for-1 split. A $1.35B billings print missed — and the stock fell 9% after hours.
Broadcom Reports Tonight: $2.3T AVGO and the AI XPU Print
Broadcom prints Q2 FY26 at 5 PM ET. AVGO is at all-time highs, options price a big move, and the AI accelerator number is the only one that matters.