AI, Chip Stocks Continue Rallying as Markets Mount a Comeback

Published: June 26, 2025 by Omor IE

Key Points

The stock market is rallying today due to interest rate cuts appearing ever more likely.
These gains are being spearheaded by AI-related stocks.
Dozens of other stocks have made big swings in both directions.
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Chip stocks and AI stocks in general have shown no indication of cooling down, with stocks across most sectors rallying today. Major indices are eyeing new highs, with investors broadly pricing in expectations of more interest rate cuts from the Federal Reserve.

Q1 GDP data was revised lower to -0.5% from -0.2%, but instead of marking the markets bearish, it has so far aided the rally. This is likely due to expectations that these figures will encourage the Fed to cut even more.

Here’s a market update as of 12:00 PM (ET) today.

The S&P 500 is up 35.37 points, or 0.58%.
The Nasdaq Composite is up 128.29 points, or 0.64%
The Dow Jones Industrial Average is up 246.85 points, or 0.57%.

AI Stocks Rally

AI-related big-cap stocks are seeing the largest dollar-amount gains so far today.

Arista Networks (NYSE: ANET) is up 5.4%.
Dell Technologies (NYSE: DELL) is up 4%.
Super Micro Computer (NASDAQ: SMCI) is up 3.7%
Amazon (NASDAQ: AMZN) is up 1.8%.
Meta Platforms (NASDAQ: META) is up 1.7%.
Freeport-McMoRan (NYSE: FCX) is up 6.3%, though it’s not a direct AI play.

Notable Gainers Today

Critical Metals (NASDAQ: CRML) is up 23.2% as it is continuing on a rally after landing a $120 million U.S. Government funding interest last week, followed by a $2 million Greenland Contract.
QuantumScape (NYSE: QS) is up 18.2% due to a significant breakthrough in battery tech yesterday.
BigBear.ai Holdings (NYSE: BBAI) is up 17.8% due to increasing bullishness surrounding defense AI stocks.
Blacksky Technology (NYSE: BKSY) is up 13.7% after Cannacord raised its price target to $20.
TSS Inc. (NASDAQ: TSSI) is up 13.5% as it continues on a 140%-plus AI-fueled rally over the past month.

WS, PLUG, AVAV, ENVX, VEON, CRCL, MLKN, FWRD, FUL, and LZMH are all up by double digits today.

Notable Losers Today

Altimmune (NASDAQ: ALT) is down 54.7% after MASH drug trial data disappointed investors. The drug did not reduce fibrosis as strongly as expected.
Reitar Logtech (NASDAQ: RITR) is down 35.8% today. The company is spinning off its automation unit, and it seems to be focusing more on crypto-related ventures by deploying blockchain systems across a farming network. Warehouse automation was mainly why many investors bought RITR stock in the first place.
Bit Digital (NASDAQ: BTBT) is down 19.2% after a $75 million public offering.
Nano Labs (NASDAQ: NA) is down 17.3%. The company is planning to buy $1 billion worth of Binance coin. To do so, it has unveiled a $50 million stock offering strategy, after a $500 million convertible notes private placement earlier this week.
Next Technology (NASDAQ: NXTT) is down 14.8% as it is cooling off from an earlier rally.

SAFX, PHOE, ZYBT, TIL, and EQIX are all down by double digits. EQIX has declined due to the company posting disappointing revenue and CapEx forecasts.