The hourly rental price for Nvidia’s B200 AI chip fell from $6.11 on May 30 to $4.22 by June 21, a 31% drop. The article attributes the decline to intensifying competition from Google, Amazon, AMD, Marvell, Broadcom and Coreweave, which are offering lower-priced alternatives. It adds that NVDA shares could lag the Nasdaq in the short to medium term. Over the longer run, it says demand tied to self-driving and AI-powered robots could support Nvidia’s chip sales.

The Federal Reserve released the results of its annual bank stress tests, showing all 32 large lenders in the exercise would remain above the 4.5% minimum common equity Tier 1 capital requirement under a severe recession scenario. The outcome clears a key regulatory hurdle for banks to raise dividends and increase share buybacks. The result is seen as a direct positive catalyst for shares of large listed banks.

U.S. stocks finished mixed, with the Nasdaq and S&P 500 closing lower and the Dow edging higher as pressure on tech shares persisted. Tech weakness erased more than $1 trillion from the Nasdaq over the week. Oil slid to its lowest level since the Iran conflict began, as more tankers transited the Strait of Hormuz and President Donald Trump said Iran was not charging tolls. Investors also focused on the possibility of a second Fed rate hike by December and Thursday’s PCE inflation report.

SpaceX股价自6月12日IPO后冲高至225美元，随后快速回落至154美元，跌幅超30%；其估值回调导致Elon Musk净资产从1.1万亿美元降至约960亿美元，失去万亿富翁身份。SpaceX占Musk净资产近80%，其波动直接拖累特斯拉股价同步走弱。文章指出此次回调与AI资本开支疑虑、地缘风险升温及SpaceX拟发200亿美元债券引发现金流担忧有关。

On June 24, the TSX index closed down 0.6% at 34,736.09, its lowest level since June 11. WTI crude settled 3.9% lower at $70.34 a barrel as more previously stranded tankers moved through the Strait of Hormuz, easing supply concerns. Gold fell 2.6% and copper slid 3.4% as a stronger U.S. dollar and rising expectations of Federal Reserve rate hikes weighed on commodities. The energy and materials sectors dropped 3.2% and 3.7%, respectively, dragging the broader market.

SpaceX shares (SPCX) have fallen more than 26.5% over five trading sessions since listing, and recently traded at $154.14, about 30% below the post-IPO peak. Ortex data show short interest rose sharply to 13% from 8%, pointing to a rapid buildup in bearish positioning. Around 83 million shares are sold short versus average daily volume of about 270 million shares, a setup that can amplify volatility.

IBM宣布与OpenAI达成网络安全领域深度合作，加入其Daybreak Cyber Partner Program，并联合启动50亿美元Project Lightwell计划。该合作将OpenAI前沿AI模型嵌入IBM企业安全运营流程，强化Watsonx平台能力。消息公布后IBM盘后股价上涨4.8%。文章提及IBM Q1营收、EPS、软件与基础设施板块均超预期，AI相关业务订单已超70亿美元。

California’s Public Utilities Commission has urged a court and the FCC to reject AT&T’s request to stop offering traditional copper-wire phone service to new customers in parts of the state, saying the carrier-of-last-resort obligation is technology-neutral. The CPUC also argues AT&T has not shown that replacement options would meet state standards for all affected users. The pushback could keep AT&T maintaining aging copper lines alongside newer fiber, raising costs and slowing the company’s cost-cutting timeline. The article adds that the regulatory drag compounds technical weakness in the shares, which are below major moving averages with softer MACD momentum.