AI Stocks Midday Pulse — Tuesday, June 23, 2026 at 9:30 AM

📊 AI Stocks Midday Pulse — Tuesday, June 23, 2026 at 9:30 AM

Indices: SPX 7,401.73 (-0.95%) · NDX -2.68% · DJI 51,829.55 (+0.23%)
Tone: risk-off — a chip-led rout, but it's a split tape

Movers so far:
• MU -10.25% ⚠️ — memory rout; KOSPI cratered 9.99% as overseas investors dumped chip names, and Micron reports earnings tomorrow
• ARM -8.41% ⚠️ — mobile-chip names hammered alongside Samsung and SK Hynix
• NVDA -3.08% ⚠️ — AI bellwether sliding for a second straight session
• MSFT +2.48% — money rotating into software-flavored Big Tech, away from silicon
• TSLA roughly -4% to -5% ⚠️ — the lone non-chip name leading the Nasdaq-100 lower

Watchlist:
• MU -10.25% ⚠️
• NVDA $202.22 (-3.08%) ⚠️
• MSFT +2.48% ⚠️
• AMZN +1.70%
• AAPL — modest
• AMD — lower with the group ⚠️
• TSLA roughly -4% to -5% ⚠️
• GOOGL -0.9%
• ARM -8.41% ⚠️
• META — little changed
• PLTR — lower with AI complex
• SMCI — lower with chips
• ORCL — flat to lower
• AVGO — lower with semis
• TSM — lower with semis
• ASML — lower with semis
• SOUN — lower with AI names
• IONQ — lower with AI names
• BBAI — lower with AI names
• CRM — mixed/firmer software
• ADBE — mixed/firmer software
• IBM — roughly flat
• SNOW — mixed software
• MDB — mixed software
• NET — mixed software
• CRWD — mixed software

News:
• Last week's hawkish Fed signal — "inflation remains too high," with markets pricing the risk of higher-for-longer rates — is the macro overhang pressuring richly valued AI names.
• IPO watch: Anthropic confidentially filed its Form S-1 on June 1 (last raise: $65B at a ~$965B valuation); prediction markets point to a possible fall debut, with OpenAI eyed for late 2026 or early 2027. Neither trades publicly yet.