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Live Nasdaq Composite: AI Stocks Reclaim Lost Ground as Volatility Eases and Oil Pulls Back

By Gerelyn Terzo · Updated Jun 9, 12:32pm ET · Published Jun 9, 9:47am ET

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Bullish on Palantir Stock

Baird reemphasized its “outperform” rating and $200 price target on Palantir (NASDAQ:PLTR) stock following attendance at AIPCon 10, flagging convictions it believes the market is underappreciating. Among them, the analysts pointed to Palantir’s expanding reach with enterprise consulting clients as a powerful growth driver, and highlighted its AI FDEs as a major unlock, arguing the tool has fundamentally compressed workflows that once took weeks into a matter of days, a productivity gain it sees as a core reason the business can keep scaling without a proportional increase in costs.

Investors didn’t get the bullish memo, as PLTR shares spiral by nearly 6% today.

Soaring SpaceX Demand

SpaceX’s IPO roadshow is generating extraordinary demand, with the offering reportedly several times oversubscribed as investors line up for a piece of what would be the largest public market debut in history. The level of interest suggests the Elon Musk-led space company’s $1.77 trillion valuation target and $75 billion raise are well within reach, with the oversubscription potentially giving underwriters room to price at the high end or reportedly trigger the greenshoe option to absorb excess demand.

Market Volatility to Persist

Goldman Sachs and Barclays are cautioning that Friday’s selloff may have been less of a one-off event and more of a warning shot about underlying fragility in the market’s structure. Both firms point to crowded momentum positioning, deteriorating market breadth, and a higher-for-longer rate environment as conditions that raise the risk of abrupt and self-reinforcing factor unwinds.

Goldman notes that such positioning can amplify volatility well beyond what headline index moves suggest, while Barclays flags that volatility-control funds may be forced to trim U.S. equity exposure in the aftermath of Friday’s rout. Systematic strategies remain the most exposed, with AI valuations, rate trajectory, and inflation surprises identified as the key tripwires for additional downside.

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This article will be updated throughout the day, so check back often for more daily updates. 

The Nasdaq Composite extended its recovery Tuesday, climbing moderately as chip stocks notched a second straight day of gains and retreating oil prices added a welcome tailwind to a market still shaking off last Friday’s bruising session. The S&P 500 advanced while the Dow kept pace, as the broader tape reflected growing optimism. Traders are treating the calm as a pause in the volatility rather than an all-clear signal, with geopolitical crosscurrents and rate uncertainty still lurking beneath the surface.

Micron Technology (NASDAQ:MU) continued its comeback, adding nearly 4% on a meaningful reversal for a stock that shed roughly 20% last week. The iShares Semiconductor ETF built on Monday’s recovery as well, tacking on another 2% and helping to claw back a portion of Friday’s historic 10% collapse. Oil pulled back sharply, with WTI crude futures shedding more than 3% to trade under $90 a barrel after President Trump said a U.S.-Iran agreement could materialize within two or three days and open the Strait of Hormuz immediately.

Here’s a look at where things stand as of pre-morning trading:

Dow Jones Industrial Average: 51,084 Up 0.59%
Nasdaq Composite: 26,165 Up 0.88%
S&P 500: 7,458 Up 0.71%

Market Movers

SpaceX’s IPO is stoking fresh chatter about a potential merger with Tesla (NASDAQ:TSLA | TSLA Price Prediction), with Wolfe Research noting the combination has moved from fringe conversation to a thesis some investors are actively building around. Analyst Emmanuel Rosner sees a compelling strategic case of stronger AI capabilities, broader access to capital and greater voting control for Elon Musk, but pumps the brakes on near-term expectations, flagging shareholder resistance, regulatory complexity, and a timeline that likely stretches beyond 2027.

UBS remains bullish on Micron Technology (NASDAQ:MU), maintaining a Buy rating and $1,625 price target. The Wall Street firm’s latest industry checks show Micron’s pricing continuing to climb, and UBS contends it is “only a matter of time before the market assigns MU a more normal multiple as details emerge around the structural changes AI has driven across the entire memory complex.”

Morgan Stanley raised its price target on Apple (NASDAQ:AAPL) to $360 from $330, keeping its Overweight rating intact after the WWDC kickoff offered a clearer picture of the company’s AI roadmap than the Street had anticipated. Analysts pointed to signs of an earlier monetization opportunity than previously modeled as the key driver behind the revised target.

Contact [email protected] for any questions or corrections.

Gerelyn Terzo

Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.

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