Finance

Chipmaker stocks, including Nvidia, AMD, and Intel, drove the broader market higher as the artificial intelligence capital expenditure cycle continues. The Philadelphia Semiconductor Index jumped more than 3% during the June 30 session, reflecting sustained institutional demand for AI infrastructure.

Investors are increasingly pricing in a potential interest rate hike following hawkish commentary from new Fed Chairman Kevin Warsh and official Beth Hammack. Persistent inflation and a resilient labor market have led markets to shift expectations away from rate cuts toward at least one hike later in 2026.

Bitcoin and other large-cap digital assets experienced a downturn on the final day of the quarter, with Bitcoin sliding toward $58,500. The decline followed concerns regarding Strategy Inc.'s capital structure overhaul, which suggested a potential shift away from aggressive accumulation toward balance-sheet management.