Daily Market Report – June 22, 2026

Markets

The US exchanges closed mixed. The capital outflow from the major AI platform companies continued, while storage and semiconductor stocks remained in demand.

The oil price (TradingView: Brent Crude Oil (UKOIL)) declined. Progress in talks between the United States and Iran reduced concerns about supply shortages and had a dampening effect on the inflation expectations.

Company

The most notable movement of the day was recorded by Alphabet (GOOGL). The stock lost around 6% and was one of the biggest burdens on the Nasdaq. The trigger was the departure of Nobel Prize winner and DeepMind researcher John Jumper to Anthropic. The exit intensified concerns that the competition for leading AI researchers is intensifying.

Amazon (AMZN), Microsoft (MSFT), and Meta Platforms (META) were also under pressure. Together, the large platform companies significantly lost market value.

On the winning side were again the direct beneficiaries of infrastructure development. Micron Technology (MU) rose by nearly 6%. In addition to the expectation of strong quarterly results, the company benefited from a new partnership with Anthropic. Micron supplies high-performance memory for AI data centers and is now considered one of the most important indicators of demand for AI hardware.

Notable was also the development of SpaceX (SPCX). The stock lost more than 10% and continued the correction following the exceptionally strong stock market debut. At the same time, the company announced a bond placement.

In Asia, SK Hynix surpassed Samsung Electronics for the first time in market capitalization. The background is the dominant position of SK Hynix in HBM memory, which is needed for AI systems.

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Macroeconomics

The most important date of the week remains the US-PCE price index. The inflation measure preferred by the Federal Reserve will significantly determine whether the markets need to adjust their expectations for the future interest rate trajectory.

Noteworthy is the increasing differentiation within the AI sector. Capital is currently flowing from the large platform companies into storage, chip, and infrastructure assets. The stock market is no longer valuing the AI sector as a whole, but increasingly questioning where the economic returns of the investment wave are actually occurring.