Today: 22 June 2026
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NASDAQ:AMD 9 June 2026 - 21 June 2026

Intel shares closed at $133.99 on June 18, up 10.64% before the Juneteenth holiday, with the stock hitting a new high. AMD also advanced, finishing at $537.37, up 4.9%. For the holiday-shortened week, Intel climbed 7.6% and AMD rose 5.0%, while the Philadelphia Semiconductor Index gained 7.3%, outperforming the Nasdaq’s 2.4% increase. President Donald Trump stated that Apple agreed to work with Intel on U.S. chip design and manufacturing, though neither company confirmed details. U.S. cash equities were closed for Juneteenth, but futures traded in a shortened session, with Nasdaq 100 futures leading and S&P 500 futures also gaining. Markets experienced volatility, shifting from a hawkish Federal Reserve stance to a pause due to concerns over Iranian oil. Rackspace Technology surged 33.8% after announcing a deal with AMD to provide 30 megawatts of AMD-powered AI compute, with phased rollout from late 2026 through 2028. Earlier in the week, tech and chip stocks rebounded as oil prices fell and inflation worries eased, with the S&P 500, Nasdaq, and Dow all posting gains. Invesco QQQ Trust jumped 3.1% as tech stocks led the market higher, while crude oil prices dropped following a preliminary U.S.-Iran deal. AMD received a Buy upgrade from Citi, which raised its price target to $575, citing strong demand for AI chips and GPUs. AI chip stocks were boosted by AMD’s upgrade and news of SK Hynix planning a Nasdaq listing, though Nvidia remained flat and some peers lost ground. Markets remain focused on the Federal Reserve’s upcoming rate decision.
Intel Beats AMD for Week After Trump Comments on Apple Chips

Intel stock enters week at record high after Apple chip report, Micron test ahead

Intel surged 10.64% to a record $133.99 after President Trump said Apple agreed to work with Intel on U.S. chip design and manufacturing, though neither company confirmed details; investors await proof of large customer orders and factory execution as the stock’s rally outpaces current earnings and risks remain over the scale and timing of any Apple partnership.
AI Names Drop, Oil Upends Inflation Bets, US Stocks Slip

Wall Street mixed with Fed in focus, chip stocks bounce

In this article you will find answers to your questions such as: How did the Dow, S&P 500, and Nasdaq perform this morning? What are investors expecting from the Federal Reserve’s rate decision under new Chair Kevin Warsh? How did May retail sales impact inflation concerns? Which sectors are leading or lagging in the market today? What could a hawkish Fed tone mean for Treasury yields and stocks?
S&P 500, Nasdaq Post Gains After Close; Oil Drops on U.S.-Iran Deal

S&P 500, Nasdaq Post Gains After Close; Oil Drops on U.S.-Iran Deal

S&P 500 surged 1.77% and Nasdaq jumped 2.93% as falling oil prices and easing inflation fears drove a broad rally, with chip stocks like Micron up 10.8% and AMD up 6.9%, while energy shares tumbled over 3% after a preliminary U.S.-Iran framework raised hopes for reopening the Strait of Hormuz, directly impacting inflation, Fed rate expectations, and corporate costs.
Citi Bump Sends AMD Up as Meta AI GPU Contract Draws Eyes

Citi Bump Sends AMD Up as Meta AI GPU Contract Draws Eyes

AMD surged 4.7% to $511.57 after Citi upgraded the stock to Buy and raised its price target to $575, citing AMD’s growing role as a second source in AI GPUs and Meta’s planned deployment of AMD Instinct chips; the next key catalyst is the Advancing AI 2026 event on July 22–23, with investors watching for proof of Q2 growth and Meta-linked GPU demand.
Charles Schwab Expands Money Talk as Fresh Filings Show Farallon, Elevation Point Cut SCHW Stakes

Options Get Attention as Schwab’s STAX Bounces With AI Stocks

Schwab’s Trading Activity Index jumped to 55.08 in May from 50.10 in April as retail investors returned to equities—especially tech stocks—while also shifting toward ETFs and options for risk management, signaling renewed participation in the AI-led rally but with increased caution, according to Schwab’s monthly data.
Dow, S&P 500 Futures Tick Up; Oil Slides, SpaceX IPO in Focus

Dow, S&P 500 Futures Tick Up; Oil Slides, SpaceX IPO in Focus

SpaceX’s $75 billion IPO at $135 a share secured a $1.77 trillion valuation, making it the world’s biggest IPO, but analysts are split on whether to chase the debut as Morningstar values SpaceX at about $780 billion, less than half its IPO valuation, citing uncertainty around its AI and social-media prospects. (Reuters)
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Stock Market Today

  • Indian markets open higher as Rupee slips to 94.42 against US dollar
    June 22, 2026, 2:31 AM EDT. Indian markets opened higher amid cautious investor sentiment as the Rupee weakened by 9 paise to 94.42 against the US dollar. The currency dip reflects concerns over ongoing US-Iran talks and fluctuations in crude oil prices, key factors influencing market dynamics and foreign exchange movements.

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