5 Things to Watch on
June 11, 2026

Stocks are up more than +0.3% in premarket trading after May's producer price index (PPI) came in mixed. Headline PPI rose +1.1% MoM, matching April's pace and topping the +0.7% consensus, while the biggest driver was a +23.4% surge in gasoline prices. YoY, prices climbed +6.5%, the largest annual gain since November 2022. Core PPI rose +0.4% MoM and +4.9% YoY, both coming in below expectations.

Oracle (ORCL) is down -10% in premarket trading after guiding for up to $95B in FY2027 capital expenditures, well above the ~$68B consensus, with management warning gross margins will "step down" as new data centers ramp. Net cash outlay comes to roughly $70B after customer prepayments, and ORCL plans to raise ~$40B in debt and equity to fund the buildout. The reaction overshadows a record Q4, with RPO surging +363% YoY to $638B, topping the $593B estimate, anchored by cloud commitments from Meta Platforms (META) and OpenAI.

Palantir Technologies (PLTR) CEO Alex Karp called out enterprise frustration with frontier AI labs, saying in private conversations "every single enterprise we deal with" expresses unhappiness over labs' focus on burning tokens rather than delivering real business value. Karp argued real returns will come from enterprise deployment over the next seven years, not from the models themselves. His comments arrive as OpenAI and Anthropic both prepare for public listings, with Karp also noting many of Anthropic's public-facing projects already run on PLTR's platform.

OpenAI is weighing significant cuts to its token pricing in anticipation of similar moves from Anthropic, as competition between the two leading AI companies intensifies ahead of their respective public listings. OpenAI currently charges consumers $8, $20, or $100+ per month for GPT-5.5 access, while Anthropic charges $17/month for Claude Pro and $100+ for Claude Max. Both companies have now filed for IPOs with the SEC, with OpenAI moving first earlier this week.

Tesla (TSLA) won authorization to deploy its Full Self-Driving supervised system in Belgium, the fifth EU country to clear the software after the Netherlands, Lithuania, Estonia, and Denmark, which approved TSLA just one day prior. Flanders transport minister Annick De Ridder signed the authorization after TSLA completed a required testing program, with Belgium accelerating its review under her leadership and approval arriving ahead of schedule. The sequential European clearances mark a broadening regulatory runway for TSLA's autonomous ambitions.