Today: 22 June 2026
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NASDAQ:AMD 1 June 2026 - 8 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.
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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QQQM’s $835 Million AI Wave Meets a Zscaler Reality Check

QQQM’s $835 Million AI Wave Meets a Zscaler Reality Check

Invesco’s QQQM rose 0.2% to $306.54 after $835.44 million in five-day net inflows, driven by investor demand for AI-linked giants like Nvidia, Apple, and Microsoft, even as Zscaler plunged 8.9% on weak guidance, highlighting ongoing volatility and risk in concentrated growth funds.
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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Asia Stocks Hold Up as AI Demand Lifts Sentiment, but Korea Signals Caution

Asia Stocks Hold Up as AI Demand Lifts Sentiment, but Korea Signals Caution

Hang Seng surged 2.28% and Shanghai Composite rose 0.43% as AI stocks drew buyers, offsetting a 0.3% Nikkei dip. Anthropic confidentially filed for a U.S. IPO after a $965 billion valuation. Nvidia’s CEO said supply remains tight despite robust growth. Alphabet plans to raise $80 billion for AI, including $10 billion from Berkshire Hathaway. South Korea’s CPI jumped 3.1% in May, fueling rate hike bets. Oil and Middle East risks kept market tone cautious.
2 June 2026
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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.
1 June 2026
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Stock Market Today

  • Intel Stock Surges Over 5% After Apple Deal and CEO Growth Target
    June 22, 2026, 1:26 AM EDT. Intel shares jumped over 5% in overnight trading after closing at an all-time high with a 10.6% gain on Thursday. The surge follows the announcement of a deal with Apple to manufacture some chips using Intel's foundry, a key victory for the U.S.-backed chipmaker. CEO Lip-Bu Tan projects a tenfold return over five to ten years, highlighting advanced packaging as a growth driver. Mizuho raised its price target on Intel to $135, maintaining a Neutral rating. Intel's recent strategic moves include leadership changes, a government stake acquisition, and partnerships in AI and with Nvidia, signaling potential strength amid market optimism.

Latest articles

Cognizant (NASDAQ: CTSH) Slides 10% as Nasdaq-100 Exit Nears

Cognizant (NASDAQ: CTSH) Slides 10% as Nasdaq-100 Exit Nears

22 June 2026
Cognizant shares plunged 10.49% to $43.70, erasing $2.4 billion in equity value—more than its $2 billion 2026 buyback target—after Accenture’s narrowed growth outlook, a Berenberg downgrade, and looming Nasdaq-100 removal, even as S&P 500 and Nasdaq rallied; investors now eye Q2 guidance as the next key test.
Pentagon Could Outpace Tech Giants on Small Nuclear Projects

Pentagon Could Outpace Tech Giants on Small Nuclear Projects

22 June 2026
Valar Atomics’ Ward 250 became the first DOE-authorized advanced reactor built outside a national lab to achieve criticality, signaling a shift as U.S. defense demand accelerates small nuclear deployment, with the Army allocating over $2 billion for microreactors—moving the sector from policy to production and raising near-term demand expectations.
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