Today: 18 June 2026

BlackBerry heads for $10 again as QNX bet draws interest

BlackBerry heads for $10 again as QNX bet draws interest

BlackBerry’s U.S. shares jumped 7.8% to $9.70, Toronto shares hit a 52-week high, driven by investor focus on QNX software for robotics and secure communications. QNX posted 20% Q4 revenue growth to $78.7 million, with a $950 million royalty backlog. BlackBerry guides for Q1 revenue above forecasts. AtHoc platform secured FedRAMP Class D High re-certification. Next results due June 25.
1 June 2026
UiPath Shares Jump Almost 10% as AI Test Arrives for PATH

UiPath Shares Jump Almost 10% as AI Test Arrives for PATH

UiPath surged nearly 10% to $12.88 after Q1 revenue beat at $418M, guidance raised, and first GAAP profit posted. Annualized renewal run-rate climbed 12% to $1.901B. Analyst targets mostly unchanged; consensus neutral, average $14.48. BofA remains Underperform, citing AI competition and sustainability doubts. Microsoft and ServiceNow expanding in AI agents. UiPath warns on ARR risks, customer retention, and reliance on third-party AI models.
Rigetti Shares On The Move As Quantum Trade Faces Another Test

Rigetti Shares On The Move As Quantum Trade Faces Another Test

Rigetti Computing jumped 3.4% to $26.41 after quantum error-correction research hit Nature Communications and investors reacted to last week’s U.S. funding news. Over 35 million shares traded before noon. Market cap neared $8.8 billion despite Q1 revenue of $4.4 million and a $26 million operating loss. The company signed a letter of intent for up to $100 million in CHIPS Act funding, with the government set to take an equity stake.
Oil pushes toward $100 with Iran talks failing, Hormuz risk back

Oil pushes toward $100 with Iran talks failing, Hormuz risk back

Brent crude surged 6.6% to $97.14 after Iran halted indirect talks with the U.S., raising fears of a Strait of Hormuz blockade. U.S. crude jumped 7.7% to $94.04. Iran-backed groups may target key oil routes. Israeli forces advanced in Lebanon as ceasefire talks faltered. OPEC+ eyes a July output hike, but Gulf supply faces risk. China’s oil demand softened, prompting Saudi Arabia to cut July prices for Asia for a second month.
1 June 2026
Redwire shares sink as space stocks retreat

Redwire shares sink as space stocks retreat

Redwire shares plunged 16.4% to $20.53 after Jefferies downgraded the stock to Hold, citing valuation concerns despite raising its price target to $24. Trading volume topped 25.8 million shares. Redwire’s Q1 revenue jumped 57.9% to $97 million, backlog hit $498.1 million, but net loss widened to $76.5 million. The company announced new defense drone contracts, while a $350 million at-the-market offering remains pending.
ServiceNow Stock Gains as Wall Street AI Trade Turns

ServiceNow Stock Gains as Wall Street AI Trade Turns

ServiceNow soared 8.5% to $134.95 in heavy trading after Nvidia CEO Jensen Huang dismissed fears that AI agents will replace software firms, calling it “exactly the opposite.” Salesforce, IBM, and Adobe also rallied as investors rotated back into software stocks. ServiceNow reported Q1 subscription revenue up 22% to $3.67 billion and a 130%+ jump in $1M+ Now Assist customers. Risks flagged include competition, AI adoption, macro factors, and FX.
NIO shares rise as May deliveries jump 62%—June in focus

NIO shares rise as May deliveries jump 62%—June in focus

NIO’s U.S. shares jumped 6.6% to $5.97 after May deliveries surged 62.3% year over year to 37,705 vehicles, with gains across NIO, ONVO, and FIREFLY brands. May deliveries rose 28% from April, but NIO must deliver 42,939 vehicles in June to hit its Q2 target. Q1 vehicle margin reached 18.8%. XPeng stock rose 6% on May delivery growth; Li Auto fell 1.9% despite strong orders. China EV stocks moved unevenly.
Dow Falls as Nvidia Gains; AI Trade Goes Up Against Rising Oil

Dow Falls as Nvidia Gains; AI Trade Goes Up Against Rising Oil

Nvidia surged 4.34% after launching a new AI PC chip with Microsoft, while Qualcomm dropped nearly 7%. Dow fell 0.22%, S&P 500 flat, Nasdaq up 0.01%. Brent crude jumped 6.11% to $96.69 on Iran-linked risks. United Airlines slid 4.61%, Exxon rose 2.78%. Berkshire Hathaway agreed to buy Taylor Morrison Home for $6.8 billion; shares soared 22.43%. U.S. manufacturing PMI hit a two-year high.
Dow Jones Gives Up Gains As AI Rally Hits Oil Price Jolt

Dow Jones Gives Up Gains As AI Rally Hits Oil Price Jolt

Dow drops 0.22% to 50,920.76 after last week’s record, as delayed LSEG data and inflation worries weigh. S&P 500 flat, Nasdaq up 0.01%. Nvidia jumps 4% on new AI chip launch with Microsoft, boosting tech. Most S&P 500 sectors fall; consumer discretionary drops 2%. U.S. manufacturing PMI hits four-year high at 54.0, stoking inflation fears. Brent crude surges 6.11% to $96.69. Investors eye jobs data and Broadcom results this week.
Rocket Lab Drops 13%, Questions Raised Around SpaceX IPO Trade

Rocket Lab Drops 13%, Questions Raised Around SpaceX IPO Trade

Rocket Lab plunged 13.1% to $124.74 Monday after a sharp rally, as traders reassessed the stock ahead of SpaceX’s record-setting June IPO. Despite new contracts, a $90 million Space Force deal, and the Motiv Space Systems buyout, investors are eyeing risks tied to Rocket Lab’s unproven Neutron rocket and a high valuation at 124 times trailing sales. Q1 revenue rose 63.5% to $200.3 million; backlog stands at $2.2 billion.
Sphere 3D Shares Surge 57% as Cathedra Merger Wraps Up

Sphere 3D Shares Surge 57% as Cathedra Merger Wraps Up

Sphere 3D shares jumped 57% after closing its merger with Cathedra Bitcoin, trading at $2.99 on heavy volume. The merged company now claims 53 MW online, 1.2 EH/s mining hash rate, and a pipeline over 100 MW. Q1 revenue fell to $1.9 million with a $4.1 million net loss. Sphere warns of ongoing losses, negative cash flow, and “substantial doubt” about its ability to continue without more funding. Cathedra shares will be delisted June 2.
GrowHub Shares Pop After EnChem Filing, Investors Weigh Dilution

GrowHub Shares Pop After EnChem Filing, Investors Weigh Dilution

GrowHub shares soared 541% to $2.23 after a June 1 SEC filing revealed a binding reverse-merger term sheet with EnChem America, which would give EnChem holders 85% of the combined company and a minimum $400 million valuation. The deal requires shareholder and regulatory approvals, Nasdaq sign-off, and a $4.00 VWAP. GrowHub faces a July 10 deadline to regain Nasdaq compliance after reporting a $13.4 million net loss and $2.3 million shareholders’ deficit.
1 June 2026
Virgin Galactic Shares Spike on 5% Stake News and Delta Flight Update

Virgin Galactic Shares Spike on 5% Stake News and Delta Flight Update

Virgin Galactic shares soared nearly 28% Monday after RichRich Capital disclosed a 5.26% stake and management reaffirmed Q3 flight tests and Q4 commercial launches. Stock hit $8.23 before settling at $7.91 on heavy volume. Virgin Galactic posted a $65M Q1 net loss, negative $93M free cash flow, and expects another negative quarter. Court approved a $2.75M shareholder settlement. Market cap stands at $629M.
FedEx Stock Faces a New Amazon Threat as Logistics Fight Hits Shares

FedEx Freight Goes Solo As $8.9 Billion Trucking Giant Hits NYSE

FedEx Freight began trading as FDXF after its spin-off from FedEx, joining the S&P 500 and Dow Jones Transportation Average. FedEx distributed 80.1% of shares to holders, keeping 19.9% to be disposed of within 24 months. Fiscal 2025 revenue hit $8.9 billion. Management targets 4–6% annual revenue growth and $1 billion in free cash flow, but analysts warn of execution risk, transition costs, and weak freight demand.
1 June 2026
Barry Diller’s $18 Billion MGM Bid Could Change Who Runs the Strip

Barry Diller’s $18 Billion MGM Bid Could Change Who Runs the Strip

Barry Diller’s People Incorporated offered $48.30 per share in cash to buy the MGM Resorts International shares it doesn’t own, valuing MGM at over $18 billion including debt. MGM stock jumped 13% to $49.35, above the offer price. The non-binding bid is 10.6% above MGM’s last close. People already owns 26.1% of MGM. The deal would take MGM private, but still needs a binding agreement, financing, and regulatory approval.
Fluence Energy Stock Surges as Siemens, Nvidia Unveil Data-Center AI Power Plan

Fluence Energy Stock Surges as Siemens, Nvidia Unveil Data-Center AI Power Plan

Fluence Energy stock soared 31% to $24.80 after Siemens named it in a new NVIDIA-linked AI data center power plan, featuring Fluence’s battery systems in a 136-megawatt reference design. The rally follows a record $5.6 billion backlog and two hyperscaler supply deals. Fluence posted Q2 revenue of $464.9 million, a narrowed net loss of $29.2 million, and negative adjusted EBITDA of $9.4 million.
Namib Minerals Stock Surges 40% Before the Bell — Why Redwing Is Back in Focus

Namib Minerals Stock Surges 40% Before the Bell — Why Redwing Is Back in Focus

Namib Minerals’ shares soared 39.5% premarket to $2.12, with no new company news since a May 19 Redwing dewatering update. The company pumped 544,570 cubic meters of water at Redwing, aiming to restart the Zimbabwe mine. 2026 gold output guidance at How Mine is 28,000–31,500 ounces, with adjusted EBITDA forecast at $50–$62 million. Market cap sits near $83 million, with a volatile 52-week range from $0.91 to $55.
FTSE Slips as EasyJet Takeover Twist Fails to Mask Oil-Shock Fears

FTSE Slips as EasyJet Takeover Twist Fails to Mask Oil-Shock Fears

FTSE 100 drops 0.20% as Middle East conflict pushes Brent crude up over 3% to $93.80, reviving inflation fears. EasyJet surges after Castlelake eyes possible bid; board calls timing “highly opportunistic.” Bluefield Solar jumps on £561m Drax deal. ME Group cuts profit outlook, shares fall. Wise sinks amid Belgian anti-money laundering probe. UK factory PMI hits 53.9, but price hikes raise Bank of England rate concerns.
1 June 2026
IREN stock drops 7% into MSCI index add — what traders watch before Monday

IREN Stock Gets a $3.65 Billion Answer to Its Biggest AI Question

IREN shares slipped 0.7% premarket to $63.54 after closing a $3.65 billion investment-grade GPU financing facility to support its Microsoft AI cloud contract. The debt, secured by GPUs and contract cash flows, includes a $1.5 billion delayed-draw loan and $2.1 billion in 5.96% senior notes. IREN expects ARR to rise to $4.4 billion after deploying Nvidia Blackwell systems from Dell, but targets depend on delivery, utilization, and pricing.
Taylor Morrison Jumps After Berkshire Buys Stake in $8.5 Billion Deal

Taylor Morrison Jumps After Berkshire Buys Stake in $8.5 Billion Deal

Berkshire Hathaway will acquire Taylor Morrison for $72.50 per share in cash, a 24% premium to its last close, valuing the builder at $6.8 billion equity, $8.5 billion with debt. Taylor Morrison shares jumped 22% premarket. The deal, Greg Abel’s first as CEO, still needs shareholder and regulatory approval and could close in the second half of 2026. If it fails, shares could drop and a $221.6 million breakup fee applies.
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Stock Market Today

  • Marvell Technology Stock Analysis and Motley Fool Opinion
    June 18, 2026, 6:50 AM EDT. Marvell Technology is not included in the Motley Fool's latest list of the 10 best stocks to buy now, highlighting investor caution. The Motley Fool's Stock Advisor service has historically outperformed the market, boasting a 940% average return versus 209% for the S&P 500. Notable past picks like Netflix and Nvidia yielded substantial gains, underscoring the potential value of Motley Fool's recommendations. However, Marvell Technology remains outside that top tier today. The analysis reflects views of Motley Fool and affiliate Parkev Tatevosian, who holds no stock position in Marvell. Investors should weigh these insights carefully before considering Marvell Technology shares.

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