AI Stock Pullback Fails to Halt Dow's New High, AAOI Surges Over 10%, MRVL Gains Nearly 5%, Bitcoin Trades Sideways Waiting for Direction Decision
June 5th. Overnight and this morning, U.S. tech and semiconductor sectors pulled back after Broadcom AI issued weaker-than-expected performance guidance. Funds shifted to lagging sectors like healthcare and finance, lifting the Dow to a 1.73% gain and a new all-time high. The Nasdaq slipped over 1% during the session, but investors’ persistent "buy the dip" moves helped it recoup most losses by the close.
On the single-stock front, NVIDIA climbed nearly 2%, Micron Technology dropped 7.7%, and Broadcom plummeted over 12%. Marvell—Jensen Huang’s (NVIDIA’s CEO) next designated trillion-dollar market cap stock—rose 4.89%, while Google advanced 3.68% to lead the Magnificent Seven tech giants.
Within the Chip-on-Package Optical (CPO) concept group, AAOI surged 10.16% at the close. However, post-market, company executives filed to sell portions of their shares, leading to a 3.41% drop in after-hours trading. COHR edged up 1.05%, LITE added 0.75%, and GLW declined 1.4%.
Bitcoin found suppor
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U.S. Senior Official Considering Accepting Stake in AI Tech Giant Through 'Voluntary Transfer'
June 5 — According to three sources familiar with the matter, senior U.S. officials have held preliminary talks with several large artificial intelligence firms over the possibility of the U.S. federal government taking equity stakes in these companies.
Two independent sources share that Sam Altman, CEO of OpenAI, has raised this idea multiple times with top Trump administration officials since the start of Trump’s second term. Both sources spoke on condition of anonymity due to the sensitive nature of internal talks. They further stated that Altman first floated the concept directly to President Trump in an early 2025 meeting and has revisited the proposal with administration officials in recent weeks, aiming to distribute AI-related economic gains more widely to the general public. Anthropic, another major AI giant, has not engaged in any discussions with the government about offering equity to the federal side, the sources added.
Insiders revealed that while the plan is still bein
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Iran's Senior Officials Criticize US Pressure Tactics in Talks, Foreign Minister Warns Regional Countries Not to Facilitate US Attacks on Iran
On June 5, an advisor to Iran’s Supreme Leader alleged that U.S. President Donald Trump is pressuring Iran to accept American terms while leaving Iran’s own demands undefined. The current draft agreement contains ambiguities that require clarification, the advisor added.
Separately, Iran’s Foreign Minister Mohammad Javad Zarif stated on June 4 (local time) that Iran had previously warned regional countries: if they take part in any military action against Iran, U.S. military bases on their soil would become legitimate targets for Iran.
Zarif emphasized that Iran’s response is targeted at U.S. military bases, not the territories of those regional nations. He noted that many countries in the region oppose the U.S. using their airspace or territory to launch attacks on Iran, yet Washington continues to conduct such operations from these facilities.
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Boston Fed: Iran War Has Limited Impact on US Labor Market
June 5th — Axios reports the Boston Federal Reserve’s latest analysis finds that while an oil crisis on par with the 1970s would still stoke inflation, the threat to U.S. employment would be far smaller than it was five decades ago.
Amid ongoing tensions between the U.S. and Iran, the domestic labor market is already showing early signs of recovery. If energy supply disruptions don’t pose a major risk to jobs, the Federal Reserve’s focus will shift from taming inflation to fending off another round of price hikes.
In its new research, the Boston Fed’s economists say an oil shock matching the scale of the Iran-Iraq War would trigger a sharp, significant jump in inflation — yet barely impact U.S. employment. “The U.S. economy hasn’t outgrown its vulnerability to oil shocks, but those risks have shifted,” they noted. “Today, oil crises pose less of a challenge to monetary policy, letting policymakers focus more on the bigger threats to inflation.”
Researchers estimate that U.S.-Iran fr
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Putin: Russia Willing to Negotiate with US in Anchorage and Ukraine
June 5 (Xinhua) — Russian President Vladimir Putin said on June 4 that Russia is fully prepared and willing to hold peace talks with Ukraine at a U.S. military base in Anchorage, Alaska.
Putin further stated that Russia is ready to accept the compromises reached between Russian and U.S. leaders during their meeting in Anchorage last August. However, he emphasized that Ukraine must agree to these proposals if the Russia-Ukraine conflict is to end soon. If Ukraine accepts the compromise terms outlined in that Russia-U.S. Anchorage agreement, he added, the ongoing hostilities will conclude quickly.
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