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Micron Stock Crashes 13% as Broadcom Shocks Chip Market, June 06
Micron stock fell 13% after Broadcom missed AI revenue guidance, erasing $94B in market cap amid semiconductor sector concerns.
S&P/NZX 50 Index Climbs to 13,161.97 Despite Broader Asian Market Declines
The NZX 50 Index defied the broader regional trend on June 5, 2026. The index opened at 13,101.61 and traded in a session range of 13,075.05 to 13,173.39, with the live reading at 13,134.26 heading into the afternoon session. The 52-week range for the NZX 50 spans 12,421.58 to 13,757.71, with the all-time high set…
Anthropic Files for IPO at $965B Valuation, Surpasses OpenAI
Anthropic files for IPO at $965B valuation with Morgan Stanley and Goldman Sachs leading. Listing expected as early as October 2026.
IPO Boom Continues: Blackstone-Backed Liftoff Secures $437 Million at Premium Pricing
The US IPO market received another boost as Liftoff, the mobile app marketing and monetization platform backed by Blackstone, raised $437 million in its Nasdaq debut. The company priced its offering at a premium to the marketed range, highlighting renewed investor appetite for software and advertising technology companies. Reports from Reuters and Bloomberg show the…
Intel Memory Prices Surge as AI Demand Strains Supply Through 2027
Memory chip prices surge amid AI demand. Supply shortages extend to 2027, raising system costs and pressuring PC maker margins.
Metro Vancouver Stage 3 Water Restrictions Begin June 8
Metro Vancouver Stage 3 water restrictions begin June 8, banning lawn watering and limiting vehicle washing due to low snowpack.
SpaceX Seeks $75 Billion IPO Valuation With 555.6 Million Shares
SpaceX is preparing for what could become the largest initial public offering in market history. The Elon Musk-led space and satellite company is reportedly seeking to raise $75 billion by selling 555.6 million shares at a target price of $135 per share. The proposed deal values SpaceX at approximately $1.75 trillion, placing it among the…
Alphabet Stock Falls 2.5% as AI Capex Surge Reshapes Debt Markets, June 01
Alphabet stock fell 2.5% to $380.34 while raising record debt for AI infrastructure. Meyka rates GOOGL B+ despite valuation concerns.
Anthropic Hits $965B Valuation, Surpasses OpenAI in Series H, May 30
Anthropic raises $65B at $965B valuation in Series H funding led by Altimeter, Dragoneer, Greenoaks, and Sequoia.