US stocks closed lower on the last day of June with all three major indexes down. The AI-driven Nasdaq rose 18% in the first half of the year, while Nvidia soared 149%.

After hitting a new high, the S&P and Dow fell together, possibly due to Goldman Sachs and JPMorgan bearish on US stocks. Amazon, Google, and Microsoft fell from their recent highs, while most chip stocks rose. However, Nvidia rose 3% before falling 0.4% as the AI hype drove the Nasdaq up 18% and the S&P up 14.5% in the first half of the year.

wallstreetcnJun 29 09:32

U.S. stocks closed with a thrilling increase in all three indexes, with most technology stocks rising. Amazon rose more than 2%, once again reaching a historic new high.

S&P 500 rose 0.09%, Dow Jones rose 0.09%, and Nasdaq rose 0.3%; chip stocks continued to decline, with Nvidia falling nearly 2%; Chinese concept stocks weakened, with Xiaopeng falling nearly 7% and JD.com falling more than 4%.

wallstreetcnJun 28 07:16

Applied Materials (AMAT) Outpaces Stock Market Gains: What You Should Know

Yahoo FinanceJun 28 05:45

Micron's Drop Leads Chips Lower Amid Profit Taking

Seeking AlphaJun 28 00:00

Goldman Sachs has internal disagreements regarding the most sensitive issues in AI, but "even if it is a bubble, it will continue for a long time".

Goldman Sachs analysts generally believed that the shortage of chips and electrical utilities supply could limit the development potential of AI technology. However, if AI can significantly accelerate economic growth and corporate profitability without exacerbating inflation issues, the long-term return on the S&P 500 index will be higher than the average level.

wallstreetcnJun 27 23:31

Micron's AI Ramp From High-bandwidth Memory Is Just Starting: Analysts

Seeking AlphaJun 27 19:47