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Nasdaq is conducting a quarterly index rebalance that adds several AI infrastructure companies, including CoreWeave and Nebius, to the Nasdaq 100.
Intel shares rose following reports that the company may manufacture specialized AI chips for Google and potentially enter into an agreement with Nvidia.
Tech stocks have faced pressure from rising Treasury yields and a strong U.S. jobs report, which led investors to anticipate that interest rates may remain higher for longer.
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jun 2, 2026 · How we report
The AI cloud trade remains a high-profile sector as companies like CoreWeave and Nebius expand to provide computing capacity for advanced model training.