Today: 22 June 2026

Khadija Saeed

Khadija Saeed is a financial markets reporter at TS2.tech, specializing in stocks, technology and emerging industries. She studied economics and finance at the London School of Economics and previously worked in market research before moving into financial journalism. Her coverage focuses on the companies, innovations and economic trends influencing global investors.

Hut 8 Stock Jumps After $9.8 Billion Texas AI Data Center Lease Speeds Its AI Pivot

Hut 8 Stock Jumps After $9.8 Billion Texas AI Data Center Lease Speeds Its AI Pivot

Hut 8 shares surged 32% Wednesday after the company signed a 15-year, $9.8 billion lease for 352 megawatts of IT capacity at its Beacon Point data center in Texas. The deal boosts Hut 8’s contracted AI data center capacity to 597 MW and total contract value to $16.8 billion. Revenue for the first quarter rose to $71 million, but net loss widened to $253.1 million, mainly due to unrealized losses on digital assets.
6 May 2026
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Super Micro Stock Jumps 19% as AI Server Forecast Overrides Revenue Miss

Super Micro Stock Jumps 19% as AI Server Forecast Overrides Revenue Miss

Super Micro Computer shares rose 19% after the company forecast stronger-than-expected fourth-quarter revenue and profit. Net sales for the quarter ended March 31 jumped to $10.24 billion, with net income at $483 million. The company’s outlook topped analyst estimates, but revenue missed some forecasts due to customer and supply-chain delays. Shares traded at $33.13, up $5.30 from Tuesday’s close.
6 May 2026
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Coinbase Layoffs Hit 700 Jobs as AI Rebuild Intensifies Tech Worker Anxiety

Coinbase Layoffs Hit 700 Jobs as AI Rebuild Intensifies Tech Worker Anxiety

Coinbase will cut about 700 jobs, or 14% of its global workforce, as it restructures around artificial intelligence and responds to weak crypto markets. The company expects to complete the layoffs in the second quarter at a cost of $50 million to $60 million. CEO Brian Armstrong cited both market downturn and AI-driven automation as reasons for the move. U.S. staff will receive at least 16 weeks’ pay and six months of health coverage.
6 May 2026
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Marvell Stock’s 67% AI Rally Faces a Crucial May Earnings Test

Marvell Stock’s 67% AI Rally Faces a Crucial May Earnings Test

Marvell Technology will report fiscal Q1 2027 results on May 27, following a 66.7% stock surge in April and heightened investor focus on its Nvidia partnership and data-center business. U.S. chip stocks, including Marvell, rose Wednesday after AMD’s upbeat outlook on AI infrastructure demand. Marvell’s fiscal 2026 revenue climbed 42% to $8.2 billion, driven by strong AI demand and new design wins.
6 May 2026
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Intel Stock Rally Faces Its Biggest AI Test Yet as Apple Talks and AMD Forecast Lift Chips

Intel Stock Rally Faces Its Biggest AI Test Yet as Apple Talks and AMD Forecast Lift Chips

Intel shares jumped 6% in U.S. premarket trading Wednesday after AMD raised its server CPU growth forecast and reported a 57% surge in data-center revenue. Apple has held early talks with Intel and Samsung about making device processors in the U.S., Bloomberg reported. Intel’s Q1 revenue rose 7% to $13.6 billion, with its Data Center and AI unit up 22%.
6 May 2026
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Flex AI Data Center Spin-Off: Why Shares Jumped Before the Bell

Flex AI Data Center Spin-Off: Why Shares Jumped Before the Bell

Flex will spin off its Cloud and Power Infrastructure unit as a separate public company, with CEO Revathi Advaithi set to lead the new entity, SpinCo. Flex shares jumped 28.4% premarket to $123.84 after reporting Q4 net sales of $7.5 billion, up 17%. SpinCo will target AI data center infrastructure, aiming for 65%-75% revenue growth in fiscal 2027. Key financial details and regulatory approvals remain undisclosed.
6 May 2026
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Netflix Stock Just Fell Under $90 — Reed Hastings’ $38 Million Sale Is Only Part of the Story

Netflix Stock Just Fell Under $90 — Reed Hastings’ $38 Million Sale Is Only Part of the Story

Netflix shares fell 3.4% to $87.57 Tuesday after co-founder Reed Hastings disclosed a major insider sale ahead of his planned board departure in June. The stock traded below $88 in pre-market Wednesday, pressured by a weak second-quarter outlook and ongoing investor concerns. Hastings sold 407,550 shares on May 1, according to an SEC filing. Competition from Paramount and Disney continues to intensify.
6 May 2026
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SMH ETF Is Back in the AI Chip Rally. One Risk Still Could Bite Investors

SMH ETF Is Back in the AI Chip Rally. One Risk Still Could Bite Investors

The VanEck Semiconductor ETF (SMH) jumped to $522.69 premarket Wednesday, up $16.25, as AMD shares surged nearly 18% after forecasting Q2 revenue of $11.2 billion and reporting 38% Q1 revenue growth. Intel, Arm, Qualcomm, and Micron also rose. SMH is up 40.69% year to date, with Nvidia and Taiwan Semiconductor among its largest holdings. TSMC reported Q1 revenue up 40.6% to $35.90 billion.
6 May 2026
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CoreWeave Stock’s $66.8 Billion Question: Can AI Backlog Become Real Revenue?

CoreWeave Stock’s $66.8 Billion Question: Can AI Backlog Become Real Revenue?

CoreWeave will report first-quarter results May 7 after the market close, with Wall Street expecting a loss of 91 cents per share on $1.97 billion in revenue. Shares traded at $127.89, up 2% premarket. The company ended 2025 with a $66.8 billion revenue backlog and recently signed major deals with Meta, Anthropic, and Jane Street. Guidance calls for up to $2 billion in Q1 revenue and $30–$35 billion in 2026 capital spending.
6 May 2026
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IREN Stock Jumps After $625 Million Mirantis Deal Deepens AI Cloud Push

IREN Stock Jumps After $625 Million Mirantis Deal Deepens AI Cloud Push

IREN Ltd will acquire Mirantis Inc in an all-share deal worth about $625 million, expanding into cloud software and AI infrastructure. IREN shares rose 10.6% to $54.74 after the announcement. Mirantis will operate as a standalone subsidiary, supporting IREN’s AI cloud deployments. The deal is subject to regulatory approval and customary closing conditions.
6 May 2026
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Nebius Stock Near Record High After $643 Million Eigen AI Deal — Q1 Earnings Could Decide The Next Move

Nebius Stock Near Record High After $643 Million Eigen AI Deal — Q1 Earnings Could Decide The Next Move

Nebius agreed to acquire Eigen AI for about $643 million in cash and shares, aiming to expand into higher-margin AI software. Nebius shares hovered near record highs at $175.92 after the deal, ahead of its May 13 Q1 earnings report. The company will integrate Eigen AI’s tools into its Token Factory platform and gain a Bay Area engineering presence. Investors are watching for updates on recurring revenue and data-center expansion.
6 May 2026
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Novo Nordisk Stock Jumps After Wegovy Pill Sales Surprise in Lilly Obesity Fight

Novo Nordisk Stock Jumps After Wegovy Pill Sales Surprise in Lilly Obesity Fight

Novo Nordisk raised its 2026 outlook after early U.S. sales of its new Wegovy weight-loss pill surpassed 2 million prescriptions since January, beating expectations. Shares jumped as much as 9.2% in Copenhagen. Adjusted first-quarter sales fell 10% to 70.06 billion crowns, but reported net sales rose 24% to 96.82 billion crowns after a U.S. drug pricing provision reversal.
6 May 2026
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Oil Plunges As Trump Halts Hormuz Mission And Iran Deal Hopes Surge

Oil Plunges As Trump Halts Hormuz Mission And Iran Deal Hopes Surge

President Donald Trump paused a U.S. naval operation to move commercial ships through the Strait of Hormuz as Washington and Tehran neared a memorandum to end the Gulf war, according to Reuters. Brent crude fell over 8% to about $100 a barrel on the news. Iran has not publicly accepted the deal. A CMA CGM container ship was attacked in the strait on Tuesday, injuring crew and damaging the vessel.
6 May 2026
US Stock Futures Today: Dow, S&P 500 and Nasdaq Jump as AMD AI Rally Meets Iran Deal Hopes

US Stock Futures Today: Dow, S&P 500 and Nasdaq Jump as AMD AI Rally Meets Iran Deal Hopes

U.S. stock index futures surged early Wednesday, with Dow futures up 558 points and Nasdaq 100 futures rising 1.6%, driven by AMD’s strong revenue forecast and progress in U.S.-Iran talks to end the Gulf war. Brent crude dropped 8.44% to $100.60. AMD shares jumped nearly 18% pre-market, while Intel and Arm Holdings also gained. The S&P 500 and Nasdaq closed at record highs Tuesday.
6 May 2026
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US Stock Market Today After Hours: S&P 500, Nasdaq Hit Records as AMD Jumps on AI Demand

US Stock Market Today After Hours: S&P 500, Nasdaq Hit Records as AMD Jumps on AI Demand

U.S. stocks closed at record highs Tuesday, with the S&P 500 up 0.81% and the Nasdaq gaining 1.03%. AMD surged 12% after hours on a strong revenue forecast, while Intel rose 13% on reports Apple may use its chipmaking services. Super Micro Computer jumped 17% in late trading after projecting higher-than-expected revenue. The PHLX semiconductor index hit a record, up 55% this year.
6 May 2026
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Upstart Stock Tumbles After Earnings: The Profit Miss Investors Couldn’t Ignore

Upstart Stock Tumbles After Earnings: The Profit Miss Investors Couldn’t Ignore

Upstart Holdings shares dropped 13.9% to $26.84 in after-hours trading Tuesday after reporting a wider first-quarter net loss of $6.6 million and lower adjusted EBITDA, despite a 44% revenue jump to $308.2 million. Loan volume and originations surged, but margins narrowed, missing analyst profit expectations. CEO Paul Gu led his first earnings report since taking over May 1.
6 May 2026
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Stock Market Today

  • Realty Income (O) Stock Seen Trading 44% Below Intrinsic Value Amid Interest Rate Concerns
    June 22, 2026, 4:55 AM EDT. Realty Income's stock closed at $60.24, down 3.1% last week amid interest rate jitters impacting its retail REIT outlook. Year-to-date returns stand at 5.1%, with a 9% gain over the past year. A Discounted Cash Flow (DCF) analysis estimates intrinsic value at $106.91 per share, suggesting the stock is undervalued by 43.7%. However, valuation scores remain mixed with a 2 out of 6 rating, reflecting investor uncertainty. This gap between market price and DCF value signals potential opportunity but highlights risks tied to changing interest rate expectations affecting income-focused REITs.

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SPCX Faces Pressure With SpaceX’s $60 Billion AI Push Straining Valuation

22 June 2026
SpaceX (NASDAQ: SPCX) trades at $185, 37% above its $135 IPO price but down 18% from its $225.64 high, as profit-taking and debate over the $60 billion Cursor/Anysphere acquisition pressure shares; at this price, every $10 move shifts market value by about $131 billion, making upcoming research, index flows, and launch events critical for stock direction.
Walmart’s Hawaiian Roll Recall Linked to Wrapper, Not Bread

Walmart’s Hawaiian Roll Recall Linked to Wrapper, Not Bread

22 June 2026
Walmart-linked Great Value Hawaiian Roll four-packs are under recall after an oily, sticky substance was found on packaging, affecting 10,447 cases across 26 states, but Food Poisoning Bulletin reports the product was never sold in stores and all affected items have been accounted for, sharply reducing consumer and investor risk.
PEPE Whale Wall Puts Focus on $0.00000284 Level

PEPE Whale Wall Puts Focus on $0.00000284 Level

22 June 2026
A single whale stack worth $534 million—about 45% of PEPE’s circulating supply—now dominates the market as the token trades flat near $0.00000284, with price action stuck below the key $0.00000296 resistance; traders watch to see if this concentration will hold as support or trigger further downside amid $100M+ daily volume and no breakout from recent macro relief.
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