Today: 10 June 2026
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NASDAQ:MRVL 3 June 2026 - 10 June 2026

Marvell Joins S&P 500 But AI Chip Gains Come With a Twist

Marvell Joins S&P 500 But AI Chip Gains Come With a Twist

Marvell Technology surged 9.6% to $288.85 after being picked for the S&P 500, extending a 59% rally since May 27, as passive funds prepare to buy shares before its June 22 entry; the move follows record revenue, strong AI bookings, and Nvidia’s $2 billion investment, but risks remain after a recent sector selloff and warnings of overbought conditions.
9 June 2026
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Nasdaq rises as AI names find support after market selloff

Nasdaq rises as AI names find support after market selloff

Nasdaq surged 1.27% as investors snapped up AI and chip stocks after Friday’s rout, with the Philadelphia Semiconductor Index jumping 6.2%; Citigroup hiked its S&P 500 year-end target to 8,100 on AI demand, but Goldman Sachs warned strong jobs data makes a Fed rate hike more plausible, posing risks to growth stocks if inflation surprises.
8 June 2026
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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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Marvell Heads Higher Ahead of S&P 500 Inclusion

Marvell Heads Higher Ahead of S&P 500 Inclusion

Marvell Technology surged 7% premarket after S&P Dow Jones Indices said it will join the S&P 500 on June 22, triggering forced buying by index funds; shares traded at $282.50, up from $263.47, as investors responded to record AI-driven revenue, raised outlooks, and the prospect of broad portfolio inclusion.
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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Campbell Soup heads for S&P 500 drop, earnings on deck

Campbell Soup heads for S&P 500 drop, earnings on deck

Campbell’s will be removed from the S&P 500 and added to the S&P SmallCap 600 before June 22, exposing shares to index-fund selling just as analysts expect lower Q3 sales and earnings; CPB rose 2.7% last week despite the broader market drop, but faces pressure from weak Snacks performance and a lowered 2026 outlook, with no Wall Street buy ratings and a $20.88 average price target below Friday’s $21.68 close.
6 June 2026
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Marvell Shares Set New High With Nvidia Surge Lifting Chip Suppliers

Marvell Shares Set New High With Nvidia Surge Lifting Chip Suppliers

Marvell soared to a record $301.65 close after Nvidia CEO Jensen Huang called it the next “trillion-dollar company,” fueling an AI-led rally as investors reprice Marvell for its data-center networking and custom chip growth; record Q1 revenue and raised forecasts add momentum, but Morningstar warns the stock now trades well above its $235 fair value estimate with “High” uncertainty.
4 June 2026
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U.S. Stocks Pull Back as Oil Prices Weigh, Fed Concerns Simmer

U.S. Stocks Pull Back as Oil Prices Weigh, Fed Concerns Simmer

U.S. stocks fell from record highs as renewed U.S.-Iran fighting pushed oil prices up and revived inflation fears, with the Dow dropping 581.84 points and the S&P 500 losing 0.74%; traders now price in over a 40% chance of a Fed rate hike by December, up from 9.1% a month ago, as rising yields and Middle East risks threaten margins and delay Fed easing.
3 June 2026
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Dow drops after oil jump, Fed signals and tech moves

Dow drops after oil jump, Fed signals and tech moves

The Dow Jones fell 338.84 points, or 0.66%, to 50,968.95 as oil surged near $100 a barrel after Iran launched missiles and U.S. forces struck Iran’s Qeshm Island, reviving inflation fears and ending Wall Street’s record run; tech stocks led declines, with software down 3.1% and Datadog, Palo Alto Networks, and IBM dropping up to 7.7%. (Reuters)
3 June 2026
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Stock Market Today

  • SpaceX IPO to include up to 30% retail investor allocation amid volatility warnings
    June 10, 2026, 12:22 PM EDT. SpaceX plans a significant initial public offering (IPO) with up to 30% of shares allocated to retail investors, surpassing the typical 5-10% seen in most IPOs, according to Fidelity. The offering will be accessible through platforms like Charles Schwab, Fidelity, Robinhood, SoFi, and E-Trade, with lower account minimums for participation. The company warns of potential stock price volatility, highlighting risks for short-term investors amid high demand. Historically, IPOs jump 7% on their first day but tend to underperform peers over five years. SpaceX carries $29.1 billion in debt and reported a $4.9 billion loss last year, reflecting the high costs of its aerospace and AI data center ventures.

Latest articles

Ford Shares Slide as F-150 Aluminum Constraint Eases

Ford Shares Slide as F-150 Aluminum Constraint Eases

10 June 2026
Ford shares slid 3.2% to $14.47 despite Novelis restarting its Oswego aluminum plant, a key F-Series supplier, as investors now focus on how quickly supply ramps up to cut costs and boost production after months of disruption that forced Ford to cut its 2025 profit forecast and warn of up to $2 billion in charges.
Broadcom Shares Slip After $35 Billion AI Transaction, Guidance Jitters Linger

Broadcom Shares Slip After $35 Billion AI Transaction, Guidance Jitters Linger

10 June 2026
Broadcom shares plunged 4% to $376.42 despite unveiling a $35 billion AI infrastructure deal with Apollo and Blackstone, as investors fixated on last week’s softer-than-expected AI chip revenue guidance and ongoing concerns over high valuation, customer concentration, and margin risks tied to new AI financing models.
Palantir CEO Karp takes aim at AI spend by Anthropic, OpenAI

Palantir CEO Karp takes aim at AI spend by Anthropic, OpenAI

10 June 2026
Palantir shares edged up less than 1% to $132.66 after CEO Alex Karp told CNBC that enterprise customers are privately “unhappy” with frontier AI labs’ billing practices, as AI buyers face “sticker shock” and cost savings lag, while Palantir pitches its software and embedded engineers as a solution amid ongoing scrutiny of its NHS contract in Britain.
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