Summary
This June 23, 2026 edition of Bloomberg Tech covers a turbulent day across AI and tech markets, anchoring around a global selloff that wiped 2.6% off the Nasdaq 100 and raised fresh questions about the sustainability of the AI investment cycle. South Korea’s KOSPI, powered in part by SK Hynix, fell from a record high, while Silicon Valley processed a cascade of simultaneous news events.
SpaceX is central to the broadcast: shares briefly touched their $150 trading debut price while the company simultaneously launched what is expected to be one of the largest investment-grade bond deals of the year — targeting at least $20 billion on $30 billion of pre-announcement demand. The bond proceeds will primarily refinance existing debt, but the deal also provides a rare window into SpaceX’s financials, including a reported $100 billion cash position as of June 19. Elsewhere, Oracle’s latest filing disclosed the elimination of 21,000 jobs over the past year, with AI deployment across operations cited as a contributing factor — a concrete data point in the broader debate over AI’s workforce impact.
Qualcomm emerges as an active acquirer, reportedly in advanced talks to purchase AI inference software company Modular for approximately $4 billion. The deal, potentially weeks from announcement, is framed as part of an arms race in inference technology — the layer that converts trained models into production deployments. Analysts note Modular was valued at just over $1 billion as recently as last September, underscoring the speed of AI infrastructure valuation compression.
📺 Source: Bloomberg Technology · Published June 23, 2026
🏷️ Format: News Analysis
