New York, June 15, 2026, 06:45 EDT. AI chip makers like Nvidia, Micron and Marvell traded higher today with oil prices dropping. Airlines Delta and United were also active.
- U.S. stock futures moved higher Monday as a tentative deal between the U.S. and Iran sent oil prices down. Lower oil helped lift risk assets and shares tied to fuel costs. Reuters
- Chip stocks were out front early, with Micron, Nvidia and Marvell among the biggest gainers before the bell. Reuters
- Nvidia, Micron, Marvell, Delta and United are the top five actionable buys today. But all of them face risks on valuation, earnings or geopolitics.
Wall Street looks set for gains on Monday, with stocks tied to artificial intelligence and falling energy prices leading the premarket action. U.S. futures moved higher after Reuters said Washington and Tehran reached a tentative Iran deal to end the war and reopen the Strait of Hormuz. Oil fell to its lowest in three months on the news. Investors tend to buy stocks on hopes for stronger earnings or less risk, and sell if the outlook for profits, multiples or confidence slips. In today’s trading, chipmakers are picking up as capital flows back to AI plays. Airlines are also up as lower fuel prices boost profit margins. Reuters
Nvidia isn’t cheap, but it’s still the obvious AI infrastructure pick on this list. The company turned in record fiscal Q1 revenue—$81.6 billion, up 85% from a year ago—so there’s actual earnings behind the AI trade for now. The problem is valuation. Nvidia is close to a $5 trillion market cap and trades at about 31 times earnings, so investors are paying up for growth. Bulls think enterprise and cloud AI spending will keep up demand in Nvidia’s data-center business; bears warn a pause in AI capex could hit the stock, which already prices in strong expansion. Nvidia’s next annual meeting is set for June 24, with another earnings round to follow. NVIDIA Newsroom
Micron is shaping up as the more volatile AI chip pick, but maybe the more interesting one for traders right now. Shares jumped in premarket after chip stocks rallied, Reuters reported. Over the weekend, Barron’s said Goldman Sachs had lifted its price target on Micron to $900 while sticking with a Neutral rating ahead of the June 24 earnings release. The story here is HBM, or high-bandwidth memory, a key chip in AI servers. Bulls see tight supply and AI demand keeping Micron’s profits moving higher. Bears point to memory’s boom-bust cycles and how much Micron has already run, which could limit upside if earnings disappoint. The third-quarter call on June 24 is the key event for the stock. Reuters
Marvell is the event-driven trade here and also the riskiest name among the chip stocks. Reuters said the company is set to join the S&P 500 on June 22, taking the place of Pool Corp., after a sharp rally tied to AI. Being added to the index can boost a stock since passive funds have to buy the new entrant. Marvell does have an AI angle through its custom chips for cloud data centers, but its valuation is stretched, trading at about 96 times earnings based on market data. So, Marvell may look good for momentum traders eyeing the S&P 500 move on June 22, but it’s a risk for anyone looking for safety. Reuters
Delta and United shares moved higher on oil price relief. Reuters reported United up 4.4%, Delta up 4%, and American Airlines up 3.5% premarket, as cheaper crude cut worries about airline fuel bills. Jet fuel costs are heavy for carriers, so falling oil can mean quick margin gains. Delta is the steady play, at about 12x earnings. United trades closer to 10x but feels bigger swings from fuel and demand. Bulls see lower oil, busy summer travel, and fewer geopolitical shocks lifting profit forecasts. Bears worry the Iran deal breaks down, oil climbs, or higher ticket prices curb demand. Delta’s July 9 earnings is the next big date; United holders look to its next results and any word on fuel costs. Reuters
Micron is the top high-risk AI pick today as its earnings on June 24 could either support or shake the HBM story. Nvidia trades at fair value, still strong quality. Marvell remains a risky bet, tracking index flows and AI sentiment. For investors looking at airlines, Delta and United both look better on lower oil; Delta offers a more balanced approach, while United has more beta. Key catalysts ahead are the expected Iran deal signing on Friday, this week’s Fed meeting, Micron’s results, Marvell entering the S&P 500 on June 22, and airline updates on fuel. Reuters
