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US markets were dominated by an accelerating AI investment boom, highlighted by Alphabet’s planned $80 billion stock sale to fund its AI push, fueling bullish sentiment in tech and related ETFs.

Bitcoin is expected by traders to fall to new 2026 lows after a recent sharp sell-off.
Bank of America says a particular bank stock now looks like an attractive buying opportunity.
Investors are rapidly increasing leveraged ETF exposure as they continue betting on artificial intelligence.
Apple is seeing a breakout move ahead of its major developers conference.
Bitcoin is underperforming stocks by the widest margin since 2019 as traders shift attention elsewhere.
SpaceX’s planned IPO could benefit a satellite-related stock, according to Oppenheimer.
AT&T has been downgraded because SpaceX’s future broadband competition may pressure its business.
Wall Street analysts are issuing major calls on names including Nvidia, Apple, Micron, SanDisk, IBM, Viking, and Yum.
Alphabet plans to sell $80 billion in stock to help finance its push into artificial intelligence.
Markets are increasingly focused on AI, robotics, quantum computing, and IPO activity, while bubble fears and Bitcoin weakness add to volatility.

Hong Kong stocks fell sharply, with the Hang Seng Index dropping 405 points as heavyweights like Meituan, Tencent and Alibaba slid, overshadowing a day of sector weakness.

The Eurozone’s final May composite PMI was revised up to 48.5, but it still signals contraction and marked an 18-month low.
Zhihu’s first-quarter loss narrowed sharply, while its adjusted net profit rose 147.2% year over year.
Mainland China’s preliminary May retail sales of new-energy passenger vehicles totaled 974,000 units, down 5% from a year earlier, though several major automakers still hit record wholesale volumes for the month.
The offshore yuan weakened, with the onshore spot rate closing 98 points lower at 6.7720 per US dollar.
Brokerage and bank research remained active: Jefferies upgraded Zoomlion to “buy,” JPMorgan kept a neutral stance on some Hong Kong retail/property names, and Morgan Stanley raised YUM China to “overweight.”
Beijing’s new outbound investment rules were seen by JPMorgan as having limited impact on Hong Kong property prices, with the bank suggesting investors buy quality developers on dips.
HSBC Investment Management stayed constructive on semiconductor companies in the second half, including leading domestic chip makers, while Morgan Stanley raised price targets for Micron and SanDisk on tight memory supply.
Hong Kong stocks fell sharply, with the Hang Seng Index down 405 points and the Hang Seng Tech Index down 142 points; Meituan, Xiaomi, and Alibaba all declined, even as trading turnover was active.
Property-related indicators in Hong Kong stayed firm, as the residential CSI stayed above 70 for four straight weeks and the residential rental index hit a seven-year high.
Several corporate and market stories stood out, including Tencent buybacks, BYD’s cooperation with Sinopec on charging networks and industrial collaboration, new IPO activity, and continued interest in AI, robotics, semiconductors, and other growth themes.

Japan stocks hit a record high, with the Nikkei topping 68,000 for the first time on AI and semiconductor strength.

Japan is debating a 1% consumption tax cut as a practical option, but it faces challenges from register system upgrades and the prime minister’s campaign pledges, while some are also considering a “de facto zero” approach through tax revenue rebates.
Bank of Japan Governor Ueda signaled the possibility of a rate hike later this month, saying the board needs to thoroughly discuss whether it is appropriate.
Ueda also suggested a June rate increase, citing concerns about upside risks to inflation and worries that a delayed response could be seen as falling behind the curve.
Crescendo? No—Credit Saison announced a bigger temporary bonus of 1.2 million yen per employee after posting record profits for the second straight year.
The OECD warned that global growth may slow to 2.1% in 2026, especially if instability in the Middle East remains prolonged.
Nippon Life is partnering with Blackstone to entrust 1.5 trillion yen in asset management and will also cooperate in the real estate business.
The Tokyo Stock Exchange hit a record closing high of 68,000 yen for the first time, rising 1,667 yen, driven by gains in AI and semiconductor stocks.
The Nikkei also crossed 68,000 yen for the first time in trading, supported by a rally in U.S. stocks.
A consumer tax cut of 1% could be implemented in six months, while a zero-rate version would take about a year because of register modifications, according to the National Conference.
Nissan is considering contract manufacturing for China’s Chery Automobile at its Sunderland plant in the U.K. from fiscal 2027 to improve factory utilization.

Bitcoin is under pressure as weak fresh investor demand drives it back toward key support levels, with analysts warning this matters more for the market than isolated corporate moves.

Banking and finance may soon need to adapt to digital assets, as Zodia CEO Julian Sawyer says banks will be required to hold them.
A rare physical bitcoin was finally redeemed after 12 years, showing the long-term value some early bitcoin collectibles can reach.
Citi says bitcoin’s lack of new investors is a bigger issue than Strategy’s recent sale for understanding current market weakness.
Bitwise estimates bitcoin’s fair value at $224,000, framing it as a hedge against sovereign default risk.
Bitcoin Cash led losses in the CoinDesk 20, falling 10.7% and dragging the broader index lower.
Kraken’s parent company, Payward, is preparing tokenized IPO access as demand builds around major upcoming public listings.
IREN shares rose in premarket trading after it announced plans for an 800MW AI data center campus in Australia.
The future of the Clarity Act depends on the U.S. Senate finishing a large amount of non-crypto legislative work first.
Bitcoin is again testing its February low, while chart watchers note it has reached a power-law level that has often preceded rebounds.
Other crypto and market headlines point to mixed momentum: Ethereum may outperform bitcoin, some assets are under stress, and geopolitical tensions are adding pressure to crypto prices.

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