Good Morning & Happy Monday.

The market is kicking off June with a familiar setup: AI optimism on one side, macro uncertainty on the other.

Stocks are moving higher as investors pile back into chipmakers and AI infrastructure names, shrugging off geopolitical tensions in the Middle East and focusing instead on growth opportunities tied to artificial intelligence.

But the bond market is telling a different story.

Treasury yields are rising again as investors weigh the risk that inflation could stay elevated longer than expected, creating another potential hurdle for stocks.

At the same time, the AI race keeps expanding.

Britain is ramping up AI investment, Nvidia is calling recent volatility an opportunity, and even Intel is finding itself back in the conversation as tech giants look to diversify their supply chains.

The result?

A market that's increasingly being driven by one powerful force: AI.

In today's email: why chip stocks are leading the rally again, what rising yields are signaling beneath the surface, and where investors are finding the next opportunities beyond the obvious AI winners.

Market Signals

• Dow, S&P 500 and Nasdaq futures pointing higher before the open
• Treasury yields ticking higher as traders reassess inflation risks
• Chip stocks leading premarket gains after a strong finish to May
• Oil holding firm despite easing concerns around Iran-Israel escalation
• AI remains the market's dominant leadership group
• Rate-cut expectations remain uncertain heading into June
• Investors rotating into infrastructure, semiconductors and AI supply-chain names

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📈 Stocks Jump as Chip Stocks Rebound Despite Middle East Tensions
The market is choosing growth over fear — at least for now.

The Dow, S&P 500, and Nasdaq moved higher as semiconductor stocks rebounded sharply, helping offset concerns after Iran and Israel exchanged strikes over the weekend.

The biggest surprise:
Markets are treating the conflict as a contained risk rather than a global shock.

Why it matters: AI and chip stocks continue to have more influence on market direction than geopolitics.

👉 See what’s moving driving the rally →

📊 Treasury Yields Rise as Inflation Fears Return
The bond market isn't as optimistic as stocks.

Treasury yields climbed Monday as investors weighed whether higher oil prices and ongoing geopolitical uncertainty could reignite inflation pressures.

The move is creating a familiar tension:

Why it matters: Higher yields can eventually become a headwind for valuations.

👉 See why yields are moving higher →

⚠️ Investors Are Starting the Week Balancing AI Optimism and Global Risk
This is the market's core conflict right now.

Investors continue pouring money into AI and growth stocks, but geopolitical tensions, inflation concerns, and rising rates are preventing a full risk-on rally.

The result:

The real question: Can AI momentum keep overpowering macro risks?

👉 See how investors are positioning this week →

🇬🇧 Britain Is Giving Tech Firms a Massive AI Infrastructure Boost
Governments are entering the AI race.

The U.K. announced new measures designed to accelerate AI development and infrastructure investment, highlighting how nations are increasingly treating AI as a strategic priority.

The competition is no longer just company vs. company.

It's becoming country vs. country.

Why it matters: National AI investment could become one of the biggest drivers of future growth.

👉 See what Britain is doing→

💾 Nvidia's CEO Says the Tech Selloff Created Opportunity
Jensen Huang isn't worried.

Nvidia's CEO argued that recent volatility in technology stocks created opportunities for long-term investors, reinforcing his view that AI demand remains in the early stages.

The message:
Short-term swings don't change the long-term AI buildout.

Why it matters: The market's most important AI leader remains extremely bullish.

👉 See what Huang is saying →

🏭 Google and Nvidia Are Exploring Intel as an AI Backup Plan
The AI supply chain is expanding.

Reports suggest Google and Nvidia are considering Intel as an alternative manufacturing partner, potentially reducing dependence on a small number of chip suppliers.

The move could reshape:

The shift: The AI boom is creating new winners beyond the usual names.

👉 See why intel is back in the conversation →

🤖 AI Is Starting to Influence How Governments Make Decisions
The conversation around AI keeps expanding.

A new BBC report examines how governments and institutions are increasingly evaluating AI's role in public policy, decision-making, and economic planning.

The takeaway:
AI isn't just changing companies anymore.

It's starting to reshape institutions.

Why it matters: Investors may be underestimating how broad AI's impact could become.

👉 See the bigger picture →

🚀 Should Investors Buy SpaceX If an IPO Finally Happens?
The hype is building again.

With renewed speculation around a future SpaceX IPO, investors are debating whether the company would justify what could become one of the largest public offerings in market history.

The challenge: Great companies don't always make great investments at any price.

The real question: Would you be buying the business — or the hype?

👉 See what investors are debating →

⚡ Amazon's Latest AI Infrastructure Move Shows Where the Money Is Flowing
Amazon tapped Corning to support the massive networking and connectivity needs of next-generation AI data centers.

This is another reminder that AI winners aren't limited to software and chips.

The opportunity increasingly includes:

Why it matters: Some of the biggest AI beneficiaries may be hiding outside traditional tech.

👉 See why Amazon chose Corning→

The market continues to reward one thing above all else: exposure to the AI buildout.

Whether it's:

capital keeps flowing toward the companies enabling the next phase of artificial intelligence.

But there's a second story developing underneath the rally.

Treasury yields are rising.

Inflation concerns haven't disappeared.

And geopolitical risks remain elevated.

That creates a market where broad index returns may become harder to achieve, while specific sectors continue to attract the majority of investor attention.

Increasingly, the opportunity isn't simply owning AI.

It's identifying the companies that benefit from AI spending without necessarily being household names.

The biggest winners of the next phase may not be the platforms themselves.

They may be the businesses building the infrastructure that makes the entire AI economy possible.