Today: 18 June 2026

Micron Clears $1,000 Mark as Wall Street Moves

Micron Clears $1,000 Mark as Wall Street Moves

Micron surged above $1,000 to a $1.18 trillion market cap as Raymond James, D.A. Davidson, and UBS hiked price targets—citing booming AI-driven demand for high-bandwidth memory, tight supply, and sold-out 2026 HBM inventory ahead of fiscal Q3 earnings on June 24.
2 June 2026
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XRP Drops Below $1.30, Eyes $1.20 As Next Level

XRP Drops Below $1.30, Eyes $1.20 As Next Level

XRP plunged below $1.30 to 15-week lows as bitcoin weakness triggered broad crypto selling. Exchange data showed 22.80 million XRP flowed in, then 25.24 million out, marking the year’s biggest daily net inflow and outflow. Digital-asset funds saw $1.67 billion in outflows last week, but XRP funds bucked the trend with $20.3 million in inflows. Traders now eye $1.26 as key support, with $1.20 in focus if selling persists.
2 June 2026
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Arm Ramps Up $15 Billion AI Chip Push Ahead of Schedule

Arm Ramps Up $15 Billion AI Chip Push Ahead of Schedule

Arm CEO says AI data-center CPU demand is outpacing forecasts, with ByteDance and Oracle as customers. Shares hit an all-time high, jumping 15.73% to $408.85 after Nvidia launched an Arm-based PC chip. Arm could reach its $15 billion AI chip revenue goal sooner than expected, with customer demand for AGI CPUs over 2027-2028 topping $2 billion, more than double March launch figures. Supply limits and export controls remain risks.
2 June 2026
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Sivers jumps 65% after GlobalFoundries deal aimed at AI data-center bottlenecks

Sivers jumps 65% after GlobalFoundries deal aimed at AI data-center bottlenecks

Sivers Semiconductors soared 65% in Stockholm after announcing its lasers will be used in GlobalFoundries’ silicon-photonics designs for AI data-center optical links. No financial terms, production timelines, or revenue forecasts disclosed. Sivers’ Q1 net sales fell 22%. Rosen Law Firm is investigating Sivers after a short report alleged accounting issues; Sivers’ OTC shares dropped 9.2% June 1.
2 June 2026
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MLI Plans Stock Split for July 1 After Earnings Rise

MLI Plans Stock Split for July 1 After Earnings Rise

Mueller Industries will split its stock two-for-one at June’s end, doubling outstanding shares to about 221.1 million after a strong quarter. Split-adjusted trading is set for July 1, pending NYSE and shareholder approval. Shares ended down 1.8% at $126.31. Q1 net sales rose to $1.19 billion, net income hit $239 million. Mueller holds $1.38 billion cash, no debt, and will pay a 35-cent dividend June 19.
2 June 2026
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CoreWeave Wins Early Access to Nvidia AI Tech, Faces Debt Hurdle

CoreWeave Wins Early Access to Nvidia AI Tech, Faces Debt Hurdle

CoreWeave surged 13.96% to $124.82 after announcing the first validated launch of Nvidia’s Vera Rubin NVL72 system on its cloud. Q1 revenue hit $2.08 billion, backlog reached $99.4 billion, but net loss widened to $740 million and liabilities rose to $50.8 billion. Nvidia gained 6.26%. CoreWeave’s Vera Rubin rack claims up to 10x better inference per watt and one-tenth cost per million tokens versus Blackwell.
2 June 2026
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TSMC’s AI Shares Jump but Market Value Raises a Red Flag

TSMC’s AI Shares Jump but Market Value Raises a Red Flag

TSMC surged 1.06% to a record NT$2,380 in Taipei, driving Taiex to an all-time high. AI demand and Nvidia ties fueled gains, but GuruFocus flagged TSMC as 43.1% overvalued versus its GF Value model. April revenue jumped 17.5% year-on-year; Q1 revenue hit $35.9B with a bullish outlook. CEO C.C. Wei cited “extremely robust” AI demand and raised guidance. Political stability remains a risk factor.
2 June 2026
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Credo Stock Drops After AI Rally Slams Into Post-Earnings Wall

Credo Stock Drops After AI Rally Slams Into Post-Earnings Wall

Credo shares plunged 11.7% after hours to $199.55 despite beating Q4 estimates with $437M revenue, up 157%, and $1.16 EPS. Next quarter’s outlook missed high expectations, with revenue seen at $465M–$475M and margins at 67%–69%. Management flagged growing optical product sales for 2027. Customer concentration, tariffs, and supply chains remain risks. Analyst targets rose, but investors focused on margins and guidance.
2 June 2026
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US stocks notch new highs with AI trade still in focus

Wall Street Futures Ease as HPE AI Trade Grabs Attention

HPE soared nearly 29% premarket after hiking its 2026 revenue-growth target and networking outlook, fueled by AI server demand. Dow futures fell 143 points, S&P 500 slipped 0.13%, Nasdaq 100 dipped 0.11%. Alphabet shares dropped 2% after announcing an $80 billion equity raise. Nvidia jumped 6.3% on new AI chip news. Oil slid over 1% as Trump signaled Iran talks continue. JOLTS job openings data due at 10 a.m. ET.
2 June 2026
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Archer Aviation Drops Under $7 as Focus Turns to 2026 Air-Taxi Test

Archer Aviation Drops Under $7 as Focus Turns to 2026 Air-Taxi Test

Archer Aviation last traded at $6.84, valuing the company near $5.25 billion—less than half its 52-week high. Q1 net loss widened to $217.7 million on $1.6 million revenue, with $1.78 billion in cash on hand. FAA certification for the Midnight eVTOL aircraft advanced to Phase 4. Wall Street trimmed price targets but kept positive ratings. Risks flagged include ongoing losses, high costs, and possible delays in U.S. and UAE launches.
2 June 2026
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NIO Stock Jumps After May Deliveries — June Is the Test Now

NIO Stock Jumps After May Deliveries — June Is the Test Now

NIO’s U.S.-listed shares rose in pre-market trading after May deliveries jumped 62.3% to 37,705 vehicles, outpacing XPeng and Li Auto. Year-to-date deliveries hit 150,526, up 68.7%. NIO needs 42,939-47,939 June deliveries to meet its Q2 target. ONVO L80 launched May 15; ES8 led its segment for five months. Q1 revenue reached $3.70 billion with 18.8% vehicle margin and positive adjusted operating profit.
2 June 2026
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ServiceNow AI move puts pressure on Salesforce

ServiceNow Stock Slips Premarket After Nvidia AI Surge

ServiceNow surged 9.24% to $135.86 Monday after Nvidia’s AI chip launch fueled software stock gains, but shares dropped 2.17% premarket Tuesday to $132.91. Investors bet AI agents will boost, not replace, enterprise software. Margin risks remain from acquisitions and slow Middle East deals. Q1 subscription revenue rose 22% to $3.67 billion; $1M+ Now Assist contracts jumped 130%. Armis deal expected to cut 2026 free cash flow margin by 200 basis points.
2 June 2026
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Palantir Faces AI Trader Test as Stock Rally Draws Bulls

Palantir Faces AI Trader Test as Stock Rally Draws Bulls

Palantir closed Monday up 2.63% at $160.65, but premarket quotes Tuesday showed a 3.37% drop to $155.24. First-quarter revenue soared 85% to $1.633 billion, with U.S. commercial revenue up 133%. The company raised its 2026 outlook. Citi and Rosenblatt hiked targets to $225, while DA Davidson and HSBC cut theirs, citing competition. CEO Karp highlighted U.S. demand. UK government contracts drew new criticism.
2 June 2026
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Stock Market Today

  • Bitcoin Below 200-Week Average Historically Yields Over 100% Returns, Kraken Says
    June 18, 2026, 3:20 AM EDT. Bitcoin recently dipped below its 200-week simple moving average (SMA) of $62,358, a key long-term trend indicator, before rebounding, says Kraken's Chief Economist Thomas Perfumo. Historically, closing below this SMA-which happens about 10% of trading days since mid-2017-has marked strong buying opportunities. Buyers entering near this level have achieved median returns exceeding 113% after one year and 313% after two years. Bitcoin trades at around $63,900, just above the 200-week SMA, suggesting a potential bullish trend continuation.

Latest articles

Wall Street Slips After Hours, Fed Flags Rate Risk

Wall Street Slips After Hours, Fed Flags Rate Risk

18 June 2026
S&P 500 plunged 1.2%, Nasdaq 1.3%, and Dow 507 points after the Fed held rates steady but signaled a possible hike, raising its 2026 rate forecast to 3.8% and PCE inflation projection to 3.6%; all 11 S&P sectors fell, megacap tech stocks slumped, and after-hours index ETFs stayed lower as traders face a shortened week before Juneteenth.
Meta Drops as Fed Signal Hurts Nasdaq, AI Bet Draws Scrutiny

Meta Drops as Fed Signal Hurts Nasdaq, AI Bet Draws Scrutiny

18 June 2026
Meta plunged 5.5% to $567.58, underperforming the Nasdaq, after the Federal Reserve signaled possible future rate hikes and a key Meta executive tied to AI-agent work departed, raising pressure on Meta to prove its costly AI investments can deliver returns as higher rates threaten future profit values.
Microsoft Drops as AI Spend Concerns, Fed Rate News Hit Shares

Microsoft Drops as AI Spend Concerns, Fed Rate News Hit Shares

18 June 2026
Microsoft plunged 3.8% to $378.91—outpacing the Nasdaq’s 1.3% drop—as investors reacted to a possible 2026 Fed rate hike and mounting scrutiny over Microsoft’s soaring AI spending, with capex projected at $190 billion for 2026 and a shareholder lawsuit alleging inadequate Azure growth disclosures adding further pressure.
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