Today: 12 June 2026
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NASDAQ:AMD 3 June 2026 - 11 June 2026

SOXL’s 433% Rally in AI Chip Sector Meets Sharp Pullback

SOXL’s 433% Rally in AI Chip Sector Meets Sharp Pullback

SOXL surged nearly 15% to $209.62 Monday after last week’s 30.5% plunge, as chip stocks rebounded from a $1.3 trillion rout; leveraged ETF swings highlight the risks of daily resets, with Direxion and regulators warning these funds are trading tools, not long-term bets, especially as investors eye upcoming inflation data and Fed meetings.
8 June 2026
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Dow Futures Edge Lower as Nasdaq Recovers; AI Selloff Gets a Test Today

Dow Futures Edge Lower as Nasdaq Recovers; AI Selloff Gets a Test Today

Nasdaq 100 futures jumped 0.69% as chip stocks rebounded premarket after a $1.3 trillion rout Friday, but surging oil prices and a sharp rise in Fed rate-hike bets fueled concerns about inflation and growth stock valuations, with Goldman Sachs now seeing no Fed rate cuts until 2027 and Citigroup warning AI-driven gains may not last beyond 2027.
8 June 2026
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Navitas’ Nvidia-Led Rally Stalls, Eyes on AI Trade Next Week

Navitas’ Nvidia-Led Rally Stalls, Eyes on AI Trade Next Week

Navitas plunged $5.61 to $25.08 Friday as a $1.3 trillion chip selloff erased Nvidia-driven gains, despite news it issued 3.28 million shares for merger earn-outs and showcased its GaNFast power board at Nvidia’s AI MGX event; investors now face risks from share dilution, sector volatility, and Navitas’s early-stage pivot to high-power AI markets amid ongoing operating losses.
8 June 2026
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AI Selloff Cuts $1.3 Trillion, Goldman Says Room Left in Trade

AI Selloff Cuts $1.3 Trillion, Goldman Says Room Left in Trade

U.S. chip stocks plunged Friday, erasing $1.3 trillion and ending the S&P 500’s nine-week rally as a strong jobs report, looming Fed meeting under new chair Kevin Warsh, and Broadcom’s weak update triggered the worst market day since October; the Philadelphia chip index sank 10.3%, with analysts warning of a possible tactical pullback and risks if selling accelerates.
6 June 2026
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Micron Drops as AI Memory Stocks Take a Hit

Micron Drops as AI Memory Stocks Take a Hit

Micron Technology plunged 8.3% to $989.46 after a chip-sector selloff triggered by Broadcom’s revenue miss, but analysts say the memory-chip shortage could last years, with Morgan Stanley raising its target to $1,050; risks remain as Raymond James warns DRAM and NAND prices may peak mid-2026, and supply chain groups caution AI data centers are straining chip availability.
4 June 2026
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Stock Market Today

  • U.S. Stock Futures Steady Ahead of SpaceX's Record $75 Billion IPO
    June 11, 2026, 6:46 PM EDT. U.S. stock futures remained nearly flat on Thursday as investors prepared for SpaceX's historic initial public offering (IPO) on Friday. The rocket maker, led by Elon Musk, plans to price shares at $135 each, valuing the company at $1.77 trillion and raising approximately $75 billion-the largest IPO ever, surpassing Alibaba's 2014 record. While markets rallied Thursday on easing geopolitical tensions and a potential U.S.-Iran peace deal, concerns emerged that the massive new equity supply from SpaceX could pressure stocks. Wells Fargo strategist Douglas Beath noted high household equity exposure may lead investors to sell existing holdings to fund new SpaceX shares, possibly increasing market volatility amid ongoing geopolitical and political uncertainties.

Latest articles

AST SpaceMobile Jumps After BlueBird Launch Date News

AST SpaceMobile Jumps After BlueBird Launch Date News

12 June 2026
AST SpaceMobile shares soared 11.73% to $97.56 after confirming BlueBird satellites 8, 9, and 10 will launch June 17 on a Falcon 9, aiming to nearly double peak data speeds for its direct-to-smartphone broadband network; shares reached $101.00 after hours as investors focused on this key deployment milestone following recent volatility.
Sandisk Jumps to 52-Week High, Gains 14.5% in AI-Fueled Push

Sandisk Jumps to 52-Week High, Gains 14.5% in AI-Fueled Push

12 June 2026
Sandisk soared 14.5% to $1,881.51 after hitting a 52-week high amid a semiconductor rally, fueled by a 251% year-over-year revenue jump and bullish guidance for Q4 revenue of $7.75–$8.25 billion; Bank of America raised its price target to $2,100, citing strong memory pricing and supply contracts, as Sandisk joins the Nasdaq-100 and investors eye data-center demand and new business agreements.
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