Good morning.
The Fast Five → 'A splash of cold water': Wall Street gauges pause in AI trade, chip slump erases $1.3 trillion in stock market value, Nvidia's $500 billion AI opportunity gets real, Marvell to join S&P 500, and stocks face rising risk with Mega AI deals ready to flood market…
📌 Just 4 days left to grab early exposure to SpaceX - Claim a stake before IPO →
(from Chaikin Analytics)
Calendar: Full Calendar »
Today:
None watched
Tomorrow:
None watched
Your 5-minute briefing for Monday, June 8:
BEFORE THE OPEN
As of market close 6/5/2026. Bitcoin as of 6/7/2026.
Pre-Market:
Market Wrap:
Futures lower Dow -80, S&P -0.2%, Nasdaq -0.2%
Iran missile reports threaten a fragile ceasefire
South Korea's Kospi -8.4%, Japan's Nikkei -3.4%
Friday: Nasdaq -4.18%, S&P -2.64%, Dow -695
Higher yields renewed pressure on AI-related stocks
CPI Wed and PPI Thu headline the week
Investors also await SpaceX's highly anticipated IPO
EARNINGS
Here’s what we’re watching this week:
TUE: Cracker Barrel $CBRL ( ▼ 0.06% )
WED: *Chewy $CHWY ( 0.0% )
Oracle $ORCL ( ▼ 0.98% ) - $1.96 EPS (+15.3% YoY) on $19.1B revenue (+20.1% YoY)
THU:
Adobe $ADBE ( ▼ 1.74% ) - $5.81 EPS (+14.4% YoY) on $6.2B revenue (+8.8% YoY)
BUY THIS: Claim a Backdoor Stake
in SpaceX Before June 12
One simple trade you can make in your brokerage account today unlocks pre-IPO exposure to SpaceX before it goes public.
Get in position now, and you could look forward to benefiting from as high as a $122 billion windfall on IPO day.
That's a payout worth more than the market cap of most public companies. You only have days left to make this play and get way ahead of the masses.
- a message from Chaikin Analytics -
HEADLINES
Wall Street analysts weighed in on tech's sell off this week as the blistering AI trade took a breather.
A flood of new shares from companies looking to fund their artificial intelligence ambitions is raising questions on Wall Street about whether there will be enough buyers to soak them all up and what this pile of fresh equity will mean for stock prices more broadly.
100 days of war: How global markets have been affected, in charts (more)
Chip slump erases $1.3 trillion in stock market value (more)
Trump: US stake in AI giants "could be a beautiful thing" (more)
Trump piles pressure on Kevin Warsh with call for rate cut (more)
Goldman Sachs no longer expects Fed interest-rate cut this year (more)
Strong jobs data complicates Warsh’s path to lower rates (more)
OPEC+ approves fourth oil output quota hike since Hormuz closure (more)
SpaceX IPO running at two times oversubscribed (more)
Nvidia’s CEO says new Vera chip will use SK Hynix’s memory chips (more)
Marvell to join S&P 500 (more)
OpenAI readies ‘Superapp’ pivot ahead of planned IPO (more)
‘Bring ‘em on’: Delta wants United’s crown over the Pacific, too (more)
Chinese EVs may hit US within a few years (more)
Hollywood workers rally against Paramount-Skydance deal (more)
DeepSeek nears $7B haul in first raise (more)
DEALFLOW
M+A | Investments
SpaceX inks $30B computing power deal with Google
Carlyle buys Korea home appliance rental firm for $700M
Guardian Fleet Services receives investment from Backcast Partners
VC
Flourish, a developer of brain-inspired continuous learning AI systems, raised $500M in funding
Supabase, an open source Postgres development platform, raised $500M in Series F funding
Generalist AI, a developer of embodied robotics intelligence and foundation models, raised $400M in funding
Collate, AI-powered document automation software for the life sciences sector, raised $95M in funding
Highland Electric Fleets, an EaaS model improving the transition from diesel to electric fleets, raised $75M in funding
inCharge Energy, a provider of EV charging and energy solutions, raised $46M in funding
Opal Security, an AI-native access governance platform for every identity, raised $23M in new funding
Red Metals, a copper manufacturer, raised $10M in Seed funding
AethexAI, a developer of a localized voice AI platform, raised $3M in Pre-seed funding
CRYPTO
BULLISH BITES
💊 'World-first' vaccine designed by artificial intelligence.
💼 The business of AI's 4 harsh realities.
🏀 The Knicks are auctioning a pair of courtside tickets for tonight’s finals game — the current bid is $500K.
🏎️ Audi shocks with Nuvolari mid-engine supercar boasting nearly 1000 horsepower.
DAILY SHARES
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