Today: 22 June 2026
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NASDAQ:AMD 16 May 2026 - 1 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.
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.
AMD Stock Set for Early Test After Nvidia Move

AMD Stock Set for Early Test After Nvidia Move

AMD fell 3.8% to $496.50 premarket after Nvidia unveiled its RTX Spark PC chip at Computex, intensifying AI competition. AMD focused on longer platform support and new Ryzen and Radeon launches but did not directly answer Nvidia’s move. Data center revenue jumped 57% last quarter, with Q2 sales seen near $11.2 billion. Analysts warn AMD could face pressure if Nvidia dominates AI PCs or Intel cuts prices. Shares remain up 141% year-to-date.
CoreWeave Stock Jumps Before the Bell as AI Cloud Rally Gets a New Test

CoreWeave Stock Jumps Before the Bell as AI Cloud Rally Gets a New Test

CoreWeave jumped 5.65% to $115.72 premarket after a preliminary Russell 3000 index addition and news of a CoreWeave-backed AI-inference funding round. First-quarter revenue more than doubled to $2.08 billion, but net loss widened to $740 million. Heavy spending, insider share sales, and new cloud rivals from Blackstone and Google remain key risks as index rebalancing and AI demand drive investor focus.
AMD Shares Near Record After 10% Jump, Eyes on Next AI Test

AMD Shares Near Record After 10% Jump, Eyes on Next AI Test

AMD closed at $516.10 Friday, up from $467.51 a week earlier, near its May highs as the Nasdaq and S&P 500 set new records. The stock gained about 10% last week amid strong demand for AI chips, though faces competition from Nvidia and new economic data this week. AMD guided Q2 revenue to $11.2 billion, above Wall Street estimates. China accounts for roughly 20% of AMD’s revenue.
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.
AMD Stock Is Running Hot Again as Wall Street Chases the Next Big AI Winner

AMD Stock Is Running Hot Again as Wall Street Chases the Next Big AI Winner

AMD shares rose 5.1% to $520.93 in midday trading Thursday, outpacing Nvidia and Intel as investors returned to chip stocks. The move follows AMD’s announcement of over $10 billion in investments across Taiwan’s chip sector and continued demand for its AI-focused CPUs and GPUs. The iShares Semiconductor ETF gained 1.9%. CEO Lisa Su said supply will increase each quarter through 2027.
Super Micro Stock Is Back in the AI Trade — But Its Margin Problem Still Bites

Super Micro Stock Is Back in the AI Trade — But Its Margin Problem Still Bites

Super Micro Computer shares traded near $37 Wednesday after a 4.3% jump Tuesday, following a Micron-led rally in AI hardware stocks. Fiscal third-quarter net sales reached $10.24 billion, up from $4.60 billion a year earlier, but gross margin stayed at 9.9%. Management said AI GPU platforms made up over 80% of revenue. Analysts flagged low margins and reliance on AI demand as risks.
AMD Tops $500, Next Test for AI Chips Trade

AMD Tops $500, Next Test for AI Chips Trade

AMD shares jumped 7.78% to $503.89 Tuesday, hitting a new 52-week high, as AI infrastructure demand drove a rally in chip stocks. The S&P 500, Nasdaq, and Philadelphia Semiconductor Index all closed at records after the holiday. AMD reported Q1 revenue of $10.3 billion, up 38% year-over-year, with data centers now its main growth driver. Investors remain cautious as AMD’s price-to-earnings ratio reached 155.8.
Why AMD stock is down: hot U.S. wholesale inflation and Nvidia slump weigh on Advanced Micro Devices

AMD Nears High as AI Boom Faces Another Test

AMD shares closed at $467.51 on Friday, up 3.99%, near a 52-week high ahead of the Memorial Day market closure. CEO Lisa Su said in Taipei that CPU demand is stronger than expected and supply should improve each quarter as AMD works with Taiwan partners. The company plans to spend over $10 billion in Taiwan’s AI sector and is ramping up Venice EPYC chip production on TSMC’s 2-nanometer process.
Why AMD stock is down: hot U.S. wholesale inflation and Nvidia slump weigh on Advanced Micro Devices

AMD stock rises after $10 billion Taiwan AI move targets Nvidia

AMD shares rose 0.4% to $449.59 after the company announced plans to invest over $10 billion in Taiwan’s AI supply chain and begin production of its next EPYC server chip using TSMC’s 2-nanometer process. Amkor said it is working with AMD on advanced chip packaging in Arizona. TSMC’s U.S.-listed shares gained 1.4%, while Nvidia fell 1.8% and Intel slipped 0.4%.
AMD Shares Jump as Market Moves on AI Server Demand

AMD Shares Jump as Market Moves on AI Server Demand

AMD shares jumped 7.3% to $444.24 Wednesday in New York, rebounding with the chip sector ahead of Nvidia’s quarterly results. The rally followed bullish analyst price target hikes and renewed focus on AI server demand. Trading volume reached 23.5 million shares. AMD reported Q1 revenue up 38% to $10.3 billion, with data center sales rising 57% on strong server chip demand.
AMD Shares Dip Ahead of Nvidia’s Upcoming Report

AMD Shares Dip Ahead of Nvidia’s Upcoming Report

AMD shares fell 1.6% to $414.05 Tuesday after a volatile session, as investors trimmed chip stock holdings ahead of Nvidia’s earnings and rising Treasury yields pressured tech names. Citi raised its AMD price target to $460 but maintained a Neutral rating. Nvidia, down 0.7%, will report results Wednesday, with options implying a $355 billion market value swing. Intel rose 2.4%.
Nasdaq gives up after-hours gains as oil and yields weigh on Wall Street rally

Nasdaq gives up after-hours gains as oil and yields weigh on Wall Street rally

Dominion Energy shares jumped 9.4% after agreeing to an all-stock merger with NextEra Energy, whose shares fell 4.6%. The S&P 500 slipped 0.1% and the Nasdaq dropped 0.5% as investors sold technology stocks amid rising Treasury yields and oil prices. Nvidia fell 1.4% ahead of earnings. U.S. crude settled at $107.37, and the 10-year Treasury yield reached 4.59%.
Nvidia Stock Slips Ahead of Earnings as Wall Street Eyes $5 Trillion Mark

Nvidia Stock Slips Ahead of Earnings as Wall Street Eyes $5 Trillion Mark

Nvidia shares fell 2.8% to $219.05 on Monday ahead of its fiscal first-quarter results due Wednesday. AMD dropped 3.0% and Broadcom lost 2.2%, weighing on chip stocks. The Philadelphia Semiconductor Index slid 3.8% as investors booked profits and Treasury yields rose. Analysts expect Nvidia to report $78.5 billion in quarterly revenue, with data center sales in focus.
Wall Street looks at key tests as Nvidia, Walmart, Fed updates expected

Wall Street looks at key tests as Nvidia, Walmart, Fed updates expected

The S&P 500 fell 1.2% Friday after rising oil prices and bond yields rattled markets, but still ended the week up 0.1%. Nvidia will report earnings Wednesday, with investors watching for signs of continued AI demand. Walmart and other major retailers will also release results, testing consumer strength. Fed minutes are due as traders reassess inflation and interest rate expectations.
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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.

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