Business
Perplexity planning IPO in 2028 regardless of what happens to Anthropic or OpenAI, CEO tells CNBC
Business
Nvidia Shares Advance 1.6% as AI Demand Fuels Continued Semiconductor Strength
NEW YORK — Nvidia Corp. shares rose 1.58% to $208.35 in morning trading on Monday, extending recent gains as investor enthusiasm for artificial intelligence infrastructure remained robust amid strong demand for the company’s GPUs and accelerated computing platforms.
The advance added roughly $3.25 per share and reflected broad participation from both institutional and retail investors. Trading volume was elevated as the stock continued to draw attention in a market increasingly focused on AI-related growth themes. Nvidia’s performance has been a key driver of technology sector momentum throughout 2026, with the company maintaining its position as the leading supplier of accelerators for data center AI workloads.
Nvidia has reported exceptional results in recent quarters, with revenue and earnings significantly exceeding expectations. The company’s data center segment, powered by the Hopper and Blackwell architectures, has seen explosive growth as hyperscalers and enterprises expand AI training and inference capabilities. Management has highlighted strong demand across multiple verticals, including cloud computing, automotive and professional visualization.
Analysts maintain overwhelmingly bullish ratings on Nvidia. Consensus price targets suggest substantial upside potential, with many highlighting the company’s dominant market share in AI accelerators and its expanding software ecosystem. The stock’s premium valuation reflects high expectations for sustained growth as the global AI buildout accelerates.
The bullish case centers on structural tailwinds. Global spending on AI infrastructure continues to surge, with Nvidia’s CUDA platform and full-stack offerings providing a significant competitive moat. The company’s ability to deliver cutting-edge performance while scaling production has been a key factor in its success. Partnerships with major cloud providers and enterprise customers further solidify its position at the center of the AI revolution.
Risks for potential buyers include elevated valuations that leave limited margin for error, potential moderation in hyperscaler spending and increasing competition from both established semiconductor players and new entrants. Geopolitical tensions affecting supply chains and export restrictions also remain important considerations.
For sellers or those on the sidelines, the stock’s remarkable run raises questions about near-term sustainability. While fundamentals appear exceptionally strong, high multiples mean any disappointment in growth trajectory or margins could trigger sharp corrections. Near-term volatility tied to macroeconomic factors and quarterly earnings warrants caution for shorter-term traders.
Investment decisions in 2026 should factor time horizon and risk tolerance. Long-term investors bullish on AI adoption may favor accumulation on dips, viewing Nvidia as a core technology holding with durable advantages. Growth-oriented portfolios benefit from its exposure to the most transformative technology trend of the decade.
Broader market context supports a constructive view. Technology spending remains robust, particularly in AI infrastructure. Nvidia’s performance has been a primary driver of major indices, with its influence extending beyond semiconductors to the wider technology ecosystem.
Analyst sentiment remains strongly positive, with frequent upward revisions to price targets and earnings estimates. Institutional ownership is high, reflecting confidence among professional investors. The company’s ability to deliver consistent growth and maintain technological leadership will be closely watched.
Diversification remains important for any exposure to Nvidia. While the company’s quality and growth prospects are compelling, concentration risk in technology and semiconductors warrants balancing with other sectors. Pairing it with more defensive holdings or international exposure can help manage volatility.
As the year progresses, key catalysts include quarterly results, product launches and updates on AI adoption rates. Nvidia’s execution on next-generation platforms and ability to scale production will be critical factors.
The company continues investing heavily in research and development, new manufacturing capacity and ecosystem development. Its focus on software, systems and full-stack solutions differentiates it from pure hardware competitors and creates stickiness with customers.
For retail investors, Nvidia offers an accessible way to participate in the AI megatrend. Its consumer-facing products like GeForce GPUs and professional solutions provide tangible relevance, while data center dominance drives the majority of revenue and profit growth.
Monday’s trading added to positive momentum but also highlighted the stock’s sensitivity to sentiment shifts. The 1.58% gain fits within normal daily movements for a company of Nvidia’s size and influence.
As one of the world’s most valuable companies, Nvidia plays a central role in shaping the AI future. Its chips power much of the world’s most advanced computing, influencing industries from healthcare to autonomous transportation.
Investors evaluating Nvidia should conduct thorough due diligence, consider individual risk tolerance and maintain a long-term perspective. The company’s track record of innovation and value creation through technological shifts supports optimism for continued success in the AI era.
Overall, Nvidia remains a high-quality growth story with exceptional momentum. While risks around valuation and competition persist, its technological leadership, ecosystem strength and massive addressable market make it a compelling consideration for investors seeking exposure to the defining technology trend of this decade.
Business
Storm pounds New Zealand’s capital city, cancelling flights and ferries

Storm pounds New Zealand’s capital city, cancelling flights and ferries
Business
US Bank Online Banking Down for Hundreds of Customers on June 8
NEW YORK — US Bank’s online banking platform experienced widespread disruptions on Monday, leaving hundreds of customers unable to access accounts, make transfers or view balances, according to multiple outage tracking services and user reports.
The outage, first widely noted around midday, affected login attempts, mobile app functionality and ATM services for many users across the United States. The @status_is_down account on X reported that “US Bank’s online banking is reportedly down for hundreds of users right now,” prompting numerous confirmations from frustrated customers who shared similar experiences.
DownDetector and other monitoring sites showed a sharp spike in reports, with the majority citing problems logging in, error messages claiming no account existed despite valid credentials, and complete service unavailability. Some users reported being able to log in intermittently only to encounter blank dashboards or transaction failures.
Customer complaints highlighted the inconvenience during a busy workday. Many described being locked out of essential services, including bill payments, transfers and balance checks. ATM issues were also reported, compounding difficulties for those needing immediate cash access.
US Bank has not yet issued an official statement on the cause or expected resolution time. In past outages, the bank has typically communicated through its website, social media channels or in-app notifications once the issue is identified. Customers are advised to check the bank’s official status page or social accounts for updates as the situation develops.
This marks another instance of major financial institution service disruptions in 2026. Banking apps and online platforms have faced increased scrutiny as customers rely more heavily on digital services for everyday transactions. Outages like Monday’s can cause significant inconvenience and, in some cases, financial impacts for users who miss time-sensitive payments or transfers.
The timing coincided with typical midday banking activity, amplifying frustration among customers who expected reliable access during business hours. Social media platforms filled with reports from affected users, many expressing annoyance at the lack of immediate communication from the bank.
Financial institutions invest heavily in infrastructure redundancy and cybersecurity to prevent such incidents, but occasional outages still occur due to high traffic, software updates, or technical glitches. US Bank, one of the largest banks in the United States, serves millions of customers and maintains a reputation for generally reliable digital services, making Monday’s widespread disruption notable.
For customers impacted, recommended steps include trying alternative access methods such as the mobile app versus website, clearing cache and cookies, or using different devices. In cases of prolonged outage, contacting customer service via phone may provide more direct assistance, though call volumes are often elevated during such events.
The incident highlights the growing dependence on digital banking and the importance of backup access methods. Many financial experts recommend maintaining multiple banking relationships or having contingency plans for temporary service interruptions, particularly for time-sensitive transactions.
US Bank customers have historically received timely resolutions when outages occur, with service typically restored within hours. However, the lack of immediate communication has drawn criticism from some users who felt left in the dark about the scope and expected duration of the problem.
Broader context includes increasing regulatory focus on financial institutions’ digital resilience and customer communication during service disruptions. Outages can trigger scrutiny from regulators and consumer protection agencies, particularly when they affect large numbers of customers or last for extended periods.
Monday’s disruption serves as a reminder of the vulnerabilities inherent in highly digital financial systems. While technology has dramatically improved convenience and access to banking services, it also introduces new points of failure that can impact daily life for millions.
Affected customers are encouraged to document any financial impacts, such as late fees or missed opportunities resulting from the outage, in case compensation or adjustments become available. US Bank has occasionally offered goodwill gestures or fee waivers following significant service interruptions.
As the situation develops, users should continue monitoring official channels for updates. Alternative banking methods, such as visiting physical branches or using debit cards for in-person transactions, may provide temporary relief for those with urgent needs.
The outage also sparked conversations about banking redundancy and the importance of having emergency cash or secondary accounts. Financial advisors often recommend maintaining access to multiple financial institutions to mitigate risks from single-point failures in digital services.
US Bank, like other major institutions, continues investing in cybersecurity, infrastructure modernization and customer support enhancements to minimize future disruptions. Monday’s event may prompt internal reviews to strengthen resilience and communication protocols.
For now, customers are urged to remain patient while technical teams work toward full restoration. The bank’s long history of serving customers suggests a swift resolution is likely, though no specific timeline has been provided.
The incident adds to a growing list of financial services outages in 2026, underscoring the challenges of maintaining 24/7 digital availability at massive scale. As banking becomes increasingly digital, reliability and transparent communication during incidents remain critical for maintaining customer trust.
Users experiencing issues are encouraged to try accessing services periodically, as partial restorations often occur before full recovery is announced. In the meantime, documenting experiences and impacts can help if formal complaints or compensation requests become necessary.
Monday’s outage serves as a practical reminder for all digital banking customers to maintain awareness of backup options and to avoid relying solely on online platforms for time-sensitive financial matters. As the situation evolves, updates from US Bank and user reports will provide further clarity on the scope and resolution of the disruption.
Business
Sebi review to ensure broker net worth rules align with risk: Sebi Chief
Currently, variable net worth is linked to 10% of the average daily client cash balance retained by brokers. In April, the regulator proposed a more comprehensive, risk-based approach.
It had then said variable net worth would be computed as an aggregate of two key components: a portion linked to client funds and another tied to the size of the client base.
Sebi also plans to improve price discovery during the listing process through the pre-open call auction mechanism for initial public offerings and relisted securities. The proposed changes are aimed at ensuring “more stable and efficient market openings”, Pandey said at an event. India witnessed 366 IPOs in FY26, raising about ₹1.9 lakh crore, while total equity fundraising had crossed ₹4.5 lakh crore.
Last month, the regulator suggested changes to the pre-open call auction process, including a new methodology for determining base prices for re-listed stocks and a more dynamic mechanism for widening price bands. Sebi is also working on easing compliance requirements for research analysts, including rationalising requirements such as call recording obligations in institutional interactions, Pandey said.
For the mutual fund industry, Pandey said Sebi is proposing a more practical framework for the use of intraday borrowing – not just as a contingency tool, but as an efficient mechanism for managing temporary liquidity mismatches.
On the debt side, the Sebi chief said a working group is sorting out operational details to introduce a market-making framework to improve liquidity in the corporate bond market. “Additionally, Sebi and the Reserve Bank of India are working together to introduce derivatives on corporate bond indices,” he said.
Business
US lawmakers urge tighter rules on contract chipmakers supplying Chinese firms’ overseas units

US lawmakers urge tighter rules on contract chipmakers supplying Chinese firms’ overseas units
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Gencor: Solid Balance Sheet, But The Overall Investment Case Has Holes (NYSE:GENC)
Investment research, primarily oriented towards uncelebrated/under-covered stocks and ETFs, across North America, Latin America, Europe and Asia. Seeks to combine both fundamental and technical disciplines while making an investment/trading proposition.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Ingredion Incorporated (INGR) Tate & Lyle plc – M&A Call – Slideshow
Ingredion Incorporated (INGR) Tate & Lyle plc – M&A Call – Slideshow
Business
India back at no.6 in m-cap league after Korea stock rout
India’s market cap, on the other hand, has remained more or less unaffected at $4.84 trillion during the period. With this, India has regained the sixth spot on the global market cap tally after ceding it earlier to South Korea last week.
ET BureauDOUBLE TROUBLE SAMSUNG & sK HYNIX FALL BIG
Samsung and SK Hynix have lost 18% and 19% respectively, from record highs hit on June 02 amid a sharp drop in shares of technology companies working in the field of artificial intelligence (AI). Though Indian information technology (IT) stocks, too, showed weakness, their decline was relatively moderate, with the BSE IT index losing 7.5% during the period.
Last Friday, stocks of global companies involved in the AI field faced heavy selling, triggered by a lacklustre guidance from Broadcom — a fabless designer of microchips used in data centres and industrial markets. Despite reporting a strong quarterly performance, the company did not revise the full-year sales outlook, thereby disappointing investors. This also drove a major selling spree across AI-related stocks. The tech-heavy Nasdaq lost over 4% on Friday.
On Monday, the South Korean equity benchmark KOSPI lost 8.3% in a single day, led by a 10% drop in Samsung and nearly 8% fall in SK Hynix. The weakness in the Indian benchmarks was measured; the BSE Sensex and Nifty 50 closed the day 1% lower, while the BSE IT index lost 1.3% from the previous close.
Business
Gold steady near 11-wk low as Iran, Israel halt attacks; US CPI awaited

Gold steady near 11-wk low as Iran, Israel halt attacks; US CPI awaited
Business
More than 1 million Jeep vehicles recalled over potential fire risk
Check out what’s clicking on FoxBusiness.com.
Stellantis is recalling more than 1 million Jeep Wrangler and Gladiator vehicles over a defect that could spark a fire, urging owners to park their vehicles outdoors and away from buildings until a remedy is available.
The recall covers an estimated 1,076,999 model-year 2021–2025 Jeep Wrangler and Gladiator vehicles. In the affected vehicles, an electrical issue involving the wiring for the electric hydraulic power steering pump could cause nearby materials to overheat and potentially ignite, as first reported by the Detroit Free Press and The Detroit News.
“In rare circumstances, this may cause combustible materials to overheat, potentially leading to a vehicle fire,” Stellantis spokesperson Frank Matyok said in a statement to FOX Business.
Matyok added that FCA US, the automaker’s U.S. operating unit, is advising owners to park affected vehicles away from structures and other vehicles “out of an abundance of caution.”
SUBARU RECALLS NEARLY 70,000 SUVS AFTER MOONROOF PANELS DETACH WHILE DRIVING

Jeep Wrangler vehicles at a dealership in Mississauga, Ontario, Canada, on Friday, Oct. 17, 2025. (Laura Proctor/Bloomberg via Getty Images / Getty Images)
The automaker said it has not yet finalized a repair but expects a remedy to be available by July.
Once the fix is ready, affected owners will be notified by mail and instructed on how to schedule repairs at their local dealership.
“Affected customers will be notified by first class mail when they can schedule service. FCA US is working diligently to accelerate remedy availability and anticipates a solution no later than July,” Matyok said.
FORD ISSUES URGENT ‘DO NOT DRIVE’ ADVISORY FOR BRONCO SPORT, MAVERICK MODELS OVER SUSPENSION DEFECT

A Jeep Gladiator pickup truck is seen at a dealership in Glenview, Illinois, on March 3, 2021. (Xinhua/Joel Lerner via Getty Images / Getty Images)
Depending on the vehicle, repairs may include inspection and replacement of the wiring harness and electric hydraulic power steering pump.
The recall also extends to an estimated 106,258 vehicles in Canada, 23,704 in Mexico and 124,297 in markets outside North America, according to Maytok.
The latest recall adds to a string of safety issues that have affected Jeep models in recent years.
HONDA RECALLS 99,000 VEHICLES OVER FLAW THAT COULD TRIGGER UNINTENDED AIRBAG DEPLOYMENT

The logo of Stellantis sits on the company’s building in Poissy, near Paris, France, on Feb. 26, 2025. (Reuters/Stephanie Lecocq / Reuters)
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In late May, Stellantis recalled 419,035 Jeep Grand Cherokee and Grand Cherokee L SUVs over a software defect that could delay side airbag deployment during a crash, increasing the risk of injury, according to The Detroit News.
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