Today: 23 June 2026

Marcin Frąckiewicz

Marcin Frąckiewicz is the founder and CEO of TS2 Space, a satellite communications company serving customers around the world. A graduate of the Warsaw School of Economics (SGH), he has more than two decades of experience in telecommunications, satellite services and technology ventures. He writes about satellite communications, space technology, artificial intelligence and the stock market, with a particular focus on technology companies, semiconductors, emerging industries and the trends shaping global innovation.

SMH ETF flows point to AI chip trade moving away from Nvidia

SMH ETF flows point to AI chip trade moving away from Nvidia

VanEck Semiconductor ETF (SMH) pulled in $6.93 billion in one-day net flows—nearly a third of the week’s record tech fund inflows—as investors shifted from leveraged Nvidia bets to diversified chip exposure, sending semiconductor stocks higher even as megacap tech fell, highlighting a sharp rotation in the AI trade.
22 June 2026
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Caterpillar’s AI power trade gets fresh proof as Microsoft-Chevron deal taps Solar Turbines

Caterpillar’s AI power trade gets fresh proof as Microsoft-Chevron deal taps Solar Turbines

Caterpillar surged 3% to about $1,015 after Chevron named its unit as a supplier for Project Kilby, a 2.67 GW Microsoft data-center power project, cementing Caterpillar’s role in AI-driven energy demand; with Power & Energy sales up 22% and a recent 8% dividend hike, investors now face valuation risks if AI power orders or margins falter, as analysts warn shares trade above fair value.
22 June 2026
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Social Security June 24 payments: who qualifies and timing details

Social Security June 24 payments: who qualifies and timing details

Social Security’s final June payment hits accounts June 24 for those with birthdays from the 21st to 31st, capping a $137.8 billion monthly payout to 71.2 million recipients—average benefit $1,934.52, not the $5,181 maximum. The real risk for investors: the trust fund is projected to be depleted by 2032, with just 78% of benefits payable then unless Congress acts.
22 June 2026
Crypto trading app Fomo raises $75 million as retail interest returns to digital assets

Crypto trading app Fomo raises $75 million as retail interest returns to digital assets

Fomo raised $75 million in Series B funding led by Index Ventures at a $550 million valuation as Bitcoin traded above $64,000 and global crypto search and trading volumes showed signs of recovery, signaling renewed investor appetite for retail crypto platforms after a market pullback, but regulatory uncertainty and infrastructure challenges remain key risks for growth.
22 June 2026
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Premarket stalls for NYSEARCA: SPY, NASDAQ: QQQ slips as AI trade cools, oil drop doesn’t move futures

Premarket stalls for NYSEARCA: SPY, NASDAQ: QQQ slips as AI trade cools, oil drop doesn’t move futures

Nasdaq futures slipped 0.24% and S&P 500 futures fell 0.19% as rising Treasury yields and Thursday’s PCE inflation report outweighed oil price relief, narrowing the AI premium and putting Micron’s upcoming earnings and inflation data in focus as key catalysts for QQQ and SPY direction this week.
22 June 2026
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Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 22.06.2026

LIVEMarkets rolling coverageStarted: June 22, 2026, 4:00 AM EDTUpdated: June 22, 2026, 6:06 PM EDT AeroVironment Shares Tank 10.8% on Goodwill Restatement and SCAR Backlog Concerns June 22, 2026, 6:04 PM EDT. AeroVironment (NASDAQ:AVAV) shares plunged 10.8% to $151.33 after restating quarterly results to reflect an $87.3 million increase in net loss due to a goodwill accounting error. The company’s revenue and operating cash flow were unaffected, but a fresh internal-control weakness was disclosed. Investors focused on the backlog risk, as $1.49 billion of unfunded Satellite Communication Augmentation Resource (SCAR) contract options are no longer expected to be awarded, raising
22 June 2026
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FDA Readout Looms for ACHV, UNCY; Market Sees Split Odds

FDA Readout Looms for ACHV, UNCY; Market Sees Split Odds

Achieve Life Sciences plunged 9.51% to $4.85 as its June 20 FDA deadline for cytisinicline passed with a manufacturing-related rejection expected; Unicycive Therapeutics dropped 2.84% to $6.85 ahead of a June 29 FDA decision, with both stocks’ applications limited by third-party manufacturing issues, not efficacy, and liquidity representing 39.7% and 31.2% of implied equity values, respectively.
21 June 2026
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Snowflake Shares Jump Ahead of Results as Wall Street Bets on AI Demand

ARK picks up $52 million in Snowflake shares, bets on AI cloud

ARK Investment Management snapped up $52 million in Snowflake shares after the cloud data firm surged 33% on raised guidance and a $6 billion AWS deal, signaling a major bet on AI-driven software revenue as analysts hiked price targets to a $280 median, but the stock’s high valuation leaves little room for disappointment.
21 June 2026
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Veterans Kick Off Indiana Freedom Runs Before America’s 250th

SpaceX ended its first public week at $185—37% above IPO—after peaking at $225.64, as index additions and ETF flows drive volatile trading and supply risk; up to 20% of restricted shares may hit the market after Q2 earnings, just as investors weigh SpaceX’s $60 billion Anysphere deal and looming $20 billion bond, with index demand poised to cushion or amplify moves depending on earnings and AI spending.
21 June 2026
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Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 21.06.2026

LIVEMarkets rolling coverageStarted: June 21, 2026, 4:00 AM EDTUpdated: June 22, 2026, 3:59 AM EDT Microsoft Shares Slide 20% in 2024 but Valuation Models Suggest Undervaluation June 22, 2026, 3:55 AM EDT. Microsoft (MSFT) stock has fallen nearly 20% year-to-date, closing at $379.40, reflecting broader tech sector pressures and mixed sentiment on AI and cloud growth prospects. Despite this, long-term returns remain strong, with 3- and 5-year gains of 18.2% and 47.1%. A Discounted Cash Flow (DCF) analysis values the stock at $557.83, implying a 32% undervaluation compared to current prices. Microsoft’s Price-to-Earnings ratio stands at 22.51, below the software
21 June 2026
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Apple Price Increases Turn Spotlight on Memory Chip Shortages After Goldman Trims Smartphone View

Apple Price Increases Turn Spotlight on Memory Chip Shortages After Goldman Trims Smartphone View

Goldman Sachs slashed 2026-27 global smartphone shipment forecasts as surging memory-chip costs force Apple to raise prices, signaling even top-tier brands can’t absorb the AI-driven chip squeeze; Micron’s June 24 earnings now stand as a crucial test for the memory rally’s momentum, with Gartner warning soaring memory prices could cut 2026 smartphone shipments by 8.4% and push prices up 13% versus 2025.
20 June 2026
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Stock Market Today

  • AeroVironment Shares Tank 10.8% on Goodwill Restatement and SCAR Backlog Concerns
    June 22, 2026, 6:04 PM EDT. AeroVironment (NASDAQ:AVAV) shares plunged 10.8% to $151.33 after restating quarterly results to reflect an $87.3 million increase in net loss due to a goodwill accounting error. The company's revenue and operating cash flow were unaffected, but a fresh internal-control weakness was disclosed. Investors focused on the backlog risk, as $1.49 billion of unfunded Satellite Communication Augmentation Resource (SCAR) contract options are no longer expected to be awarded, raising concerns about the growth outlook ahead of fiscal Q4 results and investor day. The U.S. government recently moved to terminate a related SCAR contract, intensifying scrutiny of AeroVironment's space unit performance and backlog quality.

Latest articles

AeroVironment (NASDAQ:AVAV) falls after restatement; SCAR backlog risk eyed

AeroVironment (NASDAQ:AVAV) falls after restatement; SCAR backlog risk eyed

22 June 2026
AeroVironment shares plunged 10.8% to $151.33 after an amended 10-Q revealed an $87.3 million deeper net loss, a new internal-control weakness, and that $1.49 billion in SCAR-related unfunded options are no longer expected to be awarded, raising doubts about backlog quality and growth ahead of next week’s earnings and investor day.
Chipotle Mexican Grill (NYSE:CMG) stock drops 6% as margin math undercuts fast-casual rebound

Chipotle Mexican Grill (NYSE:CMG) stock drops 6% as margin math undercuts fast-casual rebound

22 June 2026
Chipotle Mexican Grill plunged 6% to $30.54—nearly twice McDonald’s drop—after the holiday, as investors focused on shrinking average checks and rising costs squeezing margins, despite a slight uptick in traffic and digital sales; with operating margin down to 23.7% and cautious pricing, the stock’s premium valuation faces pressure ahead of July’s earnings report.
Snap stock (NYSE:SNAP) ends flat, but Specs selloff leaves shares 19% lower

Snap stock (NYSE:SNAP) ends flat, but Specs selloff leaves shares 19% lower

22 June 2026
Snap shares closed at $4.63, down 19% since launching $2,195 AR Specs, as investors question hardware spending while ad growth slows; $400 million in unused buyback authorization—over 5% of market value—remains a key support if management acts, but analysts maintain a Hold consensus and see limited conviction despite recent credit upgrades.
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