As we await the long-awaited peace between the US and Iran, which seems one day closer and the next far away, artificial intelligence is dominating the markets. And in today's Nasdaq session, the news is that even emerging AI stocks, the big players in these first months of 2026, are starting to show signs of a sharp sell-off: This is particularly the case for Broadcom -13% and Micron -7%, but also Sandisk -2,3%, Qualcomm -3,7%Among the best performing stocks on the Nasdaq 100 are Doordash and Booking, while traditional Big Tech stocks are fluctuating: Amazon +1,7%, Tesla -1,3%, Nvidia +0,8%. Bitcoin continues its downward spiral and after having well surpassed $80.000 a few weeks ago, it is now worth less than $64.000.
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Semiconductor sales are also spreading to Europe: in Milan, Stm is down 2,6%.
Piazza Affari manages to emerge above parity, gaining 0,27% above 50.000 points, but The repercussions of the sell-off in artificial intelligence are also reaching Milan's FTSE MIB.Stm is the worst performer, down 2,6%. Prysmian is also down 2,3%, while Diasorin is once again pulling the index up, up 7,2%. Brunello Cucinelli is also up 2,5%, and asset management companies, including Finecobank, up 2,3%, and Azimut, up 2,1%. Among banks, Bper, up 1,6%, is the best performer. The BTP-Bund spread is substantially unchanged at 76 basis points., with the 10-year BTP yield at 3,79%.
Other European stock exchanges and the euro-dollar exchange rate
Today's session saw all Western markets in positive territory, with the exception of the Nasdaq, which was weighed down by AI: Paris leads Europe with a 1,15% gain, driven by Capgemini which is gaining over 6%, Frankfurt is up 0,5%, London is up 0,14%, and the Dow Jones is currently up 1,8%. The euro is strengthening slightly against the US dollar again, bringing the exchange rate to 1,163 as of Thursday, June 4th.
Commodities: Oil prices fall, European natural gas stable
Oil is down about 3% today: Brent is worth $95 a barrel, WTI Crude Oil is $93 a barrelHowever, uncertainty about the end of the war persists, and tensions in the Middle East remain high. European natural gas, however, appears more stable in today's trading, remaining very close to 49 euros per megawatt-hour. Gold and silver are attempting a timid rebound, but the former is now hovering below $4.500 an ounce, while the latter is hovering around $74 an ounce.
