Today: 18 June 2026

Tesla Shares Edge Down Despite New FSD Approval

Tesla Shares Edge Down Despite New FSD Approval

Tesla shares fell 1.2% to $436.86 Friday afternoon, lagging the S&P 500’s 0.4% gain, despite European approval for its Full Self-Driving software. Estonia cleared FSD for use, but regulators classified it as Level 2, requiring driver supervision. Tesla’s European registrations rose 46.5% in April, but BYD’s jumped 114.5%. The company raised its 2026 capital spending plan to over $25 billion, warning of negative free cash flow.
29 May 2026
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Vanguard VGT split points to the AI trade’s top play

Vanguard VGT split points to the AI trade’s top play

Vanguard’s Information Technology ETF (VGT) has nearly doubled the post-split returns of Vanguard’s larger growth funds since April 21. VGT’s top holdings—Nvidia, Apple, and Microsoft—make up over 40% of its portfolio. The ETF traded at $120.68 late Friday morning in New York, outpacing VUG at $89.51 and MGK at $91.16. Investors continue to buy into AI hardware and software plays.
29 May 2026
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Rocket Lab Surge Pauses as Space IPO Momentum Faces Wall

Rocket Lab Surge Pauses as Space IPO Momentum Faces Wall

Rocket Lab shares fell 6.5% to $138.37 by midday Friday, erasing part of this week’s rally. The drop followed a failed Blue Origin rocket test and reports SpaceX may target a lower IPO valuation. Rocket Lab cleared a key Space Development Agency review for its $816 million missile-warning satellite contract. The company also completed its acquisition of Motiv Space Systems.
29 May 2026
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CrowdStrike Moves Early in AI Trade Ahead of Earnings

CrowdStrike Moves Early in AI Trade Ahead of Earnings

CrowdStrike shares climbed 6.5% midday Friday to about $714.55, tracking gains across cybersecurity after Snowflake raised its revenue outlook and signed a $6 billion AWS deal. CrowdStrike is set to report fiscal Q1 2027 results after markets close June 3. The company’s stock is up 47.6% for the year. Analysts at Benchmark, Wedbush, and BTIG raised price targets this week.
29 May 2026
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IREN Shares Slide, Bringing Dell AI Deal and $4.4 Billion Test Into Focus

IREN Shares Slide, Bringing Dell AI Deal and $4.4 Billion Test Into Focus

IREN Limited shares fell 1.5% to $63.08 Friday, underperforming the Nasdaq-100. The company announced a $1.6 billion deal to buy Nvidia Blackwell systems from Dell, aiming to boost annualized revenue to $4.4 billion, though not all of that is under contract. IREN posted a Q3 net loss of $247.8 million as revenue dropped to $144.8 million. Goldman Sachs raised its price target to $50 but kept a Neutral rating.
29 May 2026
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3X AI Chip ETF surged from $100,000 to $1.28 million, but future gains get harder

3X AI Chip ETF surged from $100,000 to $1.28 million, but future gains get harder

Direxion Daily Semiconductor Bull 3X Shares (SOXL) traded just above $220 early Friday, down from a $224.63 close after a steep rally tied to AI chip demand. A $100,000 investment in SOXL a year ago would have grown to about $1.28 million by May 27, according to 24/7 Wall St. Nvidia posted record quarterly revenue of $81.6 billion, mostly from data centers. U.S. technology funds saw $2.75 billion in inflows last week.
29 May 2026
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ByteDance AI chip effort may open Qualcomm to new markets outside smartphones

ByteDance AI chip effort may open Qualcomm to new markets outside smartphones

ByteDance is developing custom AI chips and CPUs for its data centers and has reportedly agreed to buy millions of Qualcomm’s ASICs, Bloomberg reported. The company is working on Arm and RISC-V architectures and has contacted outside partners for chip design and manufacturing, according to Reuters. Qualcomm shares rose 2.1% after the news. ByteDance faces higher CPU prices from Intel and AMD and long lead times.
29 May 2026
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Dell Technologies Stock Just Hit a Record. Wall Street Is Now Asking How Much AI Is Already Priced In

Dell stock catches Wall Street’s AI hardware attention

Dell shares jumped $87.50 to $404.55 Friday after the company raised its full-year outlook and reported quarterly revenue up 88% to $43.84 billion. AI-optimized server sales reached $16.1 billion, surpassing PC revenue. Dell booked $24.4 billion in AI orders and secured a $9.7 billion U.S. War Department contract. The company warned that rising memory costs and supply risks could pressure margins.
29 May 2026
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Micron (MU) stock falls 6% as oil shock rattles tech, even after new 256GB server-memory samples

Micron rises with AI memory but faces new push from Samsung

Micron shares jumped 4.6% to $966.24 Friday morning, lifting its market value above $1.1 trillion. The rally followed analyst price-target hikes and strong demand for high-bandwidth memory used in AI. Samsung shipped samples of its new HBM4E chips, introducing fresh competition in the AI memory market. Micron’s revenue in its latest quarter surged to $23.86 billion from $8.05 billion a year earlier.
29 May 2026
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HP Shares Jump on AI PC Demand, But Costs Are a Drag

HP Shares Jump on AI PC Demand, But Costs Are a Drag

HP shares rose to $26.98 in early New York trading Friday after the company beat quarterly revenue and profit forecasts, with AI PCs making up 44% of shipments last quarter. Fiscal Q2 net revenue climbed 9% to $14.4 billion, driven by a 13% jump in PC business revenue. HP cut its fiscal 2026 adjusted EPS outlook and warned of rising memory-chip costs. The stock outperformed major tech indexes.
29 May 2026
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ServiceNow AI move puts pressure on Salesforce

ServiceNow Stock Jumps as AI Deal Forces a Fresh Look at Growth Fears

ServiceNow shares jumped 9% Friday morning after announcing a partnership with Wipro, which will integrate its intelligence suite with the ServiceNow AI Platform. The stock reached $120 intraday before settling near $119. Wipro’s India-listed shares rose up to 4%, while its U.S. ADRs surged 19%. ServiceNow reported first-quarter subscription revenue of $3.67 billion, up 22% from a year earlier.
29 May 2026
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Okta Shares Climb 20% as Investors Revalue AI Identity Push

Okta Shares Climb 20% as Investors Revalue AI Identity Push

Okta shares jumped nearly 20% Friday after the company beat first-quarter earnings and revenue forecasts, posting adjusted earnings of 91 cents per share on $765 million in revenue. Analysts at RBC, BMO Capital, and Mizuho raised their price targets following the results. Okta’s current remaining performance obligations rose 12%, and free cash flow reached $271 million. The company now projects second-quarter revenue of $790 million to $794 million.
29 May 2026
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Robinhood shares rise again as traders watch Trump accounts and AI trading angle

Robinhood shares rise again as traders watch Trump accounts and AI trading angle

Robinhood shares rose 3.9% to $88.14 Friday, outpacing other brokerage and crypto stocks after launching government-backed Trump Accounts for children and new AI-agent trading tools. The Trump Accounts app, now available nationwide, will begin taking contributions July 4, offering eligible children a $1,000 Treasury deposit. Robinhood’s new AI agents can trade equities, with plans to expand to other assets. Trading volume neared 8.8 million shares.
29 May 2026
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Stock Market Today

  • CervoMed Raises $10M in Registered Direct Offering at $4 Per Share
    June 18, 2026, 2:04 PM EDT. CervoMed (NASDAQ: CRVO) has entered definitive agreements to sell 2.5 million common shares at $4.00 each, aiming to raise approximately $10 million in gross proceeds. The offering, conducted at-the-market under Nasdaq rules, utilizes an existing Form S-3 shelf registration effective since October 10, 2024. Net proceeds are earmarked for working capital and general corporate purposes. The deal is expected to close around June 22, 2026, subject to customary conditions. However, the issuance of new shares may dilute existing shareholders and the stated proceeds are before fees and expenses. This transaction underscores CervoMed's strategy to strengthen liquidity amid market conditions.

Latest articles

Rigetti Computing Stock Jumps as Quantum Rally Revives RGTI Risk Appetite

Rigetti faces questions over valuation as quantum stocks hit CHIPS test

18 June 2026
Rigetti shares hovered near $20 as investors weighed a $100 million government funding letter of intent and a new 108-qubit processor against a $6.85 billion valuation, with analysts warning the stock could drop 50% or more if revenue—just $4.4 million last quarter—fails to catch up, and noting the funding is not yet finalized.
Bezos Called Washington Post His ‘Worst Investment,’ Book Alleges

Bezos Called Washington Post His ‘Worst Investment,’ Book Alleges

18 June 2026
Jeff Bezos privately called The Washington Post his “worst investment” at a December 2024 dinner with Donald Trump, as revealed in a forthcoming book, following the paper’s layoff of one-third of its staff and major strategy cuts amid subscriber losses and ongoing business struggles.
STRC preferred drop challenges Saylor’s bitcoin financing plan

STRC preferred drop challenges Saylor’s bitcoin financing plan

18 June 2026
Strategy’s Stretch preferred stock plunged to $82.61, far below its $100 target, threatening the company’s ability to cheaply raise cash for bitcoin purchases; with $230 million in interest and dividend payments due by month-end and no recent STRC sales, investors face the risk of higher dividend costs, more equity dilution, or potential bitcoin sales if weakness persists.
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