Public Markets 8 Hours

Last updated: July 1, 2026, 8:30 AM ET

Public Markets Roundup

AI & Tech Funding Boom

The artificial intelligence sector continues to attract massive investment, with Together AI reaching over $8 billion in valuation as companies race for cheaper AI solutions. This surge is also fueling a "trillion-dollar debt binge" in the private market, as tech borrowers sell debt directly to insurance firms seeking AI-related assets. Abu Dhabi's MGX has raised an impressive $49 billion for one of the largest AI-focused funds ever, signaling a significant push into the sector by major investors. Meanwhile, Alphabet Inc., once considered a "rock star" company, is lagging the Nasdaq 100 due to shifts in the AI trade, despite a substantial $2 trillion gain over the past year as reported by Bloomberg.

Retail & Consumer Goods Shake-ups

The retail landscape is seeing significant consolidation and restructuring. Kroger has agreed to acquire Giant Eagle for $1.65 billion, a move that will expand its footprint in the food and pharmacy sectors. In a separate development, ailing UK high-street retailer TG Jones Retail Holdings Ltd won court approval for a sweeping financial restructuring that will shutter more than 100 stores and slash rents to stave off insolvency as reported by Bloomberg, following its owner's admission that the business was 'almost completely