Rocky week for AI as shares slump but no sign of crash – yet

Traders work on the floor of the NYSE in New York Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2026. Traders work on the floor of the NYSE in New York Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2026. The markets are souring on artificial intelligence, but is this the bubble being burst? Today, we're discussing a rocky week for the AI industry's finances and how California's proposed billionaire's tax is changing the political posture of the state's governor. AI is facing a financial stress test, but the bubble hasn't popped After the share prices of Alphabet, Samsung, and SK Hynix dropped, a global stock selloff caused markets worldwide to slump.