Tech stocks today: OpenAI joins Anthropic, SpaceX in filing IPO paperwork, Apple stock falls after WWDC

June 9, 2026

LIVE Updated 24 mins ago

Tech stocks advanced on Tuesday after chip stocks staged a modest recovery the day before, Apple (AAPL) announced its long-awaited AI Siri update, and OpenAI (OPAI.PVT) said it confidentially filed paperwork to go public.

Apple stock fell 1% after the iPhone maker demonstrated its new AI-powered version of Siri and the trust and safety features of iOS 27 at its annual Worldwide Developers Conference (WWDC) on Monday at its Cupertino, Calif., headquarters.

Some strategists chalked up the unenthusiastic investor reaction to a “buy the rumor, sell the news” response, as expectations for Apple’s AI strategy reboot had been building for some time. At the event, Tim Cook received a standing ovation, as it was his last Apple developers conference as CEO.

On Monday afternoon, OpenAI said it confidentially filed paperwork for its initial public offering, setting up a showdown between the AI startup and its rival Anthropic (ANTH.PVT). OpenAI said it has a post-money valuation of $852 billion and that it could take some time before it goes public.

Anticipation also continues to build ahead of the SpaceX (SPAX.PVT) initial public offering on Friday. The IPO is expected to be the largest on record, valuing Elon Musk’s rocket, satellite, and AI company at roughly $1.8 trillion. It could also mint Musk as the world’s first trillionaire.

LIVE 9 updates

  • Anthropic (ANTH.PVT) launched its most powerful AI model yet on Tuesday. Called Claude Fable 5, the software is the first of the company’s so-called Mythos-class models.

    Anthropic initially revealed its Claude Mythos Preview in April, noting that it proved particularly adept at finding vulnerabilities across every major operating system and web browser, despite not being designed for cybersecurity.

    To combat the potential threat that Mythos-like AI models could be used to break into critical infrastructure systems, Anthropic launched Project Glasswing, a collaboration between the company, Amazon (AMZN) Web Services, Apple (AAPL), Google (GOOG, GOOGL), Cisco (CSCO), Microsoft (MSFT), JPMorgan Chase (JPM), and other organizations.

    FILE PHOTO: Anthropic logo, a keyboard and a robotic hand in this illustration taken June 5, 2026. REUTERS/Dado Ruvic/Illustration/File Photo
    FILE PHOTO: Anthropic logo, a keyboard and a robotic hand in this illustration taken June 5, 2026. REUTERS/Dado Ruvic/Illustration/File Photo · Reuters / REUTERS

    As part of the effort, Anthropic provided the firms with early access to Mythos Preview so they could use it to find and address vulnerabilities in their software.

    Unlike Mythos Preview, however, Anthropic said Claude Fable 5 will receive a general public release. That’s because the company said it has instituted safeguards in the model that block responses to “high-risk areas” such as cybersecurity and biology.

    Read more.

  • SpaceX (SPCX) revealed its first generation of orbital data center satellite — dubbed AI1 —in a video posted to X late Monday. The reveal marks SpaceX’s first step toward one of its biggest initiatives, just as the company preps for its market debut, slated for this Friday.

    The AI1 satellite has compute capability of 150 kW peak and 120 kW on average, with the company quoting an efficiency of 70 kW per ton. The compute provider is interchangeable, meaning SpaceX is not locking the spacecraft to a single chipmaker. Power comes from a 150-kW solar array delivering 250 watts per square meter, built with SpaceX-manufactured solar technology produced in CEW.

    SpaceX's breakdown of its AI1 satellite, which would be one piece of an orbital data center constellation.
    SpaceX’s breakdown of its AI1 satellite, which would be one piece of an orbital data center constellation. · SpaceX

    The satellite is large, with a wingspan of 70 meters (230 feet) and a deployed height of 20 meters (66 feet). Its architecture centers on a single compute module flanked by large deployable solar arrays and a deployable liquid-radiator thermal-management system.

    Read more.

  • OpenAI (OPAI.PVT) on Monday said it filed confidential paperwork for an initial public offering (IPO), setting up one of the most anticipated market debuts in years.

    The company said it hasn’t decided on timing yet, and that it may take a while “because there are things we want to do that are likely easier as a private company.”

    In March, OpenAI said it had a post-money valuation of $852 billion.

    The announcement sets up a showdown with rival Anthropic (ANTH.PVT), which filed confidential paperwork for its own IPO last week. Anthropic was last valued at $965 billion.

    Read more here.

  • Apple stock (AAPL) rose and then fell as investors assessed the latest developments from the Worldwide Developers Conference (WWDC), including a revamped, AI-powered Siri and improvements in its latest iOS updates.

    At last check, the stock was down 0.8%.

    “The stock drop is entirely buy on the rumor, sell on the news,” Deepwater Asset Management’s Gene Munster said on X. “Everything they showed is what was expected and the features are something only Apple and Google can do with personalized AI.”

    Still, Munster added, investors remain uncertain about the timing and whether Apple can actually deliver a successful AI product.

  • Apple (AAPL) revealed iOS 27 at its Worldwide Developers Conference in Cupertino, Calif., on Monday. The software powering more than 1 billion iPhones worldwide now includes a host of AI updates designed to improve overall performance.

    The company said it has made visual improvements to its Liquid Glass interface style, including the ability to reduce the divisive light-diffusion effect, which Apple launched last year.

    Attendees watch a presentation during Apple's annual Worldwide Developers Conference in Cupertino, California, U.S., June 8, 2026. REUTERS/Carlos Barria
    Attendees watch a presentation during Apple’s annual Worldwide Developers Conference in Cupertino, California, U.S., June 8, 2026. REUTERS/Carlos Barria · REUTERS / REUTERS

    The company said it has also made its devices more responsive, as well, making swiping between apps smoother. Opening iPhone and iPad apps is now 30% faster.

    Older iPhones also get improved performance via iOS 27, including devices as far back as the iPhone 11.

    Apple emphasized trust and safety this year. In particular, the company discussed preventing children from overusing their devices via its child safety features.

    Parents can now limit the apps their child can access, providing them with access to a few essential options, and then gradually adding more over time.

    Read more.

  • Apple (AAPL) unveiled its long-delayed AI-powered version of its Siri digital assistant at its annual Worldwide Developers Conference (WWDC) on Monday in Cupertino, Calif.

    The new Siri, called Siri AI, includes a variety of upgrades that bring it closer to AI helpers like OpenAI’s (OPAI.PVT) ChatGPT and Google’s (GOOG, GOOGL) Gemini, enabling users to have back-and-forth conversations and complete tasks.

    It’s the biggest update to Apple’s digital assistant in years, turning it into a kind of AI hub for your iPhone, iPad, and Mac.

    Ahead of the announcement, Apple’s senior vice president of software engineering, Craig Federighi, framed the new Siri and Apple Intelligence updates as more purposeful than those of other companies that add AI for the sake of saying they use the technology.

    Powered by Google’s own Gemini AI model , Siri AI is more conversational than its predecessor and gets its own dedicated app and customizable voice options.

    Apple demonstrated how chats now work with Siri, showing off how you can ask when an artist you like is performing nearby. The assistant will then provide you with upcoming tour dates and set a reminder for them. The company then showed how you can quickly ask Siri to play a single by the artist.

    Read more here.

  • Intel (INTC) stock rallied by more than 11% after The Information reported that Google (GOOG) had asked Intel to manufacture 3 million of its in-house Tensor Processing Unit (TPU) chips.

    The boon for Intel comes as Taiwan Semiconductor Manufacturing Company (TSM), the global leader for chip manufacturing, has been struggling to keep up with chip demand.

    The demand has created openings for rivals like Intel, which are seeking orders from companies such as Google. Google is expected to produce more than 6 million TPUs through 2027 and 2028, according to Morgan Stanley, in a signal of potential business for Intel.

    Nvidia (NVDA), the global chip leader, hasn’t yet placed orders with Intel but has been testing whether Intel’s technology could be used to manufacture its next series of GPUs, The Information reported. Nvidia is Taiwan Semiconductor’s largest customer, according to statements from CEO Jensen Huang.

  • Apple (AAPL) will host its annual Worldwide Developers Conference (WWDC) on Monday at its Cupertino, Calif., headquarters. The event, Tim Cook’s last as CEO of the company, will serve as a kind of reboot of Apple’s AI strategy, which has lagged behind competing firms’ efforts to date.

    The biggest news out of the show, which runs through June 12, will likely be the debut of Apple’s long-delayed, AI-infused version of Siri.

    Apple CEO Tim Cook gestures after a welcome ceremony for US President Donald Trump at the Great Hall of the People in Beijing on May 14, 2026. (Photo by Brendan SMIALOWSKI / AFP via Getty Images)
    Apple CEO Tim Cook gestures after a welcome ceremony for US President Trump at the Great Hall of the People in Beijing on May 14, 2026. (Brendan SMIALOWSKI / AFP via Getty Images) · BRENDAN SMIALOWSKI via Getty Images

    The digital assistant landed on iPhones with a good deal of fanfare in 2011 but has largely languished over the years. Siri’s deficiencies have become even clearer with the advent of generative AI models, chatbots, and, more recently, AI agents.

    Apple initially announced a revamped AI version of its helper in 2024, but ran into issues getting it out the door.

    And while Apple has launched its Apple Intelligence platform, which includes features such as writing tools, image editing, and the company’s Visual Intelligence capabilities, it hasn’t been enough to allay investors’ concerns that Apple has fallen troublingly behind in the AI race.

    Read more here.

  • Chip stocks were in recovery mode on Monday morning from a bruising sell-off on Friday as investors began buying the dip.

    The iShares Semiconductor ETF (SOXX) rose 4% in premarket trading, as semiconductor stocks, including Nvidia (NVDA), AMD (AMD), and Broadcom (AVGO), broadly rose.

    Nvidia CEO Jensen Huang encouraged the dip-buying behavior on Monday, stating that the build-out of artificial intelligence is just beginning. During a trip to Seoul, South Korea, Huang said, “Everybody should be very excited” about the AI-fueled future.

    “We’re at the beginning of it, and whatever happened to the stock market, you should be very happy because now you can buy at a discount,” Huang said, according to Bloomberg.

    During the trip, Nvidia and SK Hynix Inc. (000660.KS) announced a multiyear agreement to design AI memory chips.

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