06/11/2026
📈For months, investors got used to seeing nothing but green. NASDAQ and S&P 500 climbed almost without pause. The fuel was an AI boom unlike anything we have seen in decades. The biggest tech companies poured hundreds of billions into data centers and AI infrastructure. NVIDIA, Microsoft, Alphabet, Broadcom became the engines of the market. Investors started pricing in future profits before those profits ever showed up in earnings reports.
But markets never move in a straight line.
After a strong run there always comes a moment when participants start taking profits. That moment is now. Investors are locking in gains after a months-long rally. Markets are questioning whether AI valuations are actually justified. Persistent inflation and high interest rates continue to pressure business valuations. Bad news hits harder than it did six months ago.
Here is what most people are not talking about yet. The second half of 2026 is setting up to be one of the most consequential IPO periods in market history. SpaceX priced its offering last week. Anthropic filed confidentially on June 1. OpenAI announced its own filing on June 8. Three companies. A combined valuation of approximately 3.6 trillion dollars in the pipeline. The entire US IPO market raised just 45 billion in all of 2025.
This window could either validate the AI valuation framework that private markets have been operating on, or expose it to scrutiny for the first time. Both outcomes are possible. Anyone telling you otherwise is selling something.
This correction does not look like a crisis. The economy is still growing. Corporations are still generating profits. What we are watching is a reality check. After euphoria, investors are asking the right question again. What is this business actually worth. These are the moments that separate long term wealth builders from short term noise traders. Historically these are exactly the moments when the next leg up begins.
