
Marvell, Micron shares tumble as the chip sector suffers its worst day in 6 years
Chip stocks fell sharply Friday, with the PHLX Semiconductor Index (SOX) down 10.3%, its biggest one-day drop since March 16, 2020, according to Dow Jones Market Data. Micron shares fell about 13.3% and Marvell dropped 16.7%, alongside declines in Intel, AMD, Broadcom and Nvidia. Analysts cited a stronger-than-expected jobs report raising rate concerns and disappointment after Broadcom’s earnings forecast.

JPMorgan sets jaw-dropping Tesla stock price target
JPMorgan analyst Rajat Gupta took over Tesla coverage in early May and on June 5 upgraded TSLA from underweight to neutral, raising his price target from $145 to $475, a 227.6% increase, according to Seeking Alpha and TipRanks. The note followed JPMorgan CEO Jamie Dimon’s invitation to Elon Musk at the Reagan National Economic Forum, per Bloomberg. Tesla shares fell about 6.6% that day.

AI Debt Floods The Bond Market, And Fidelity Is Backing Away
Fidelity said in its June 3 midyear outlook it is reducing exposure in core bond portfolios to new AI-related investment-grade debt from Amazon, Alphabet, Meta, Microsoft and Oracle, citing thin yield spreads versus U.S. Treasurys. Fidelity expects several hundred billion dollars of such issuance in 2026. Reuters cited BofA and MUFG data showing these firms sold about $121 billion of corporate bonds in 2025.

Benzinga
Cameco president Grant Isaac said utilities are increasingly pricing uranium in long-term contracts at triple-digit levels, with many modeling about $120 per pound (midpoint), according to remarks on the “Triangle Investor” podcast April 6. He said 70% of 2025 contracted volumes used three-digit pricing and 116 million pounds were contracted in 2025. Isaac cited structural undersupply and reallocations away from Western markets.

All In FutureTech Alliance Provides Strategic Updates: Hainan AIFA Digital Industrial Park, Silicon Photonics Compute Center Planning, and Cross-Border Optical Network Integration
All In FutureTech Alliance (Nasdaq: AIFA) said it is accelerating planning and financing for its Hainan AIFA Silicon Photonics Supercomputing Center and a broader “Digital Industrial Park,” following agreements to acquire a controlling interest in HyalRoute Communication Group. On June 5, CEO James Li met Morgan Stanley and Hainan’s Lingshui officials in Hong Kong to discuss infrastructure, policy support, and financing. AIFA noted HyalRoute approvals and closing conditions are ongoing.

TD Cowen Maintains Buy Rating on GDS Holdings (GDS)
TD Cowen maintained a Buy rating on GDS Holdings (NASDAQ:GDS) and cut its price target to $36 from $37 on May 21, 2026. The firm expects upside to GDS’s 2026 bookings target of over 500MW, with 340MW signed YTD. GDS reported Q1 EPS of $1.53 vs 48c and revenue of $488.07M vs $375.26M, with about 200MW net new bookings.