Today: 13 June 2026
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NASDAQ:MU 31 May 2026 - 8 June 2026

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.
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.
Micron shares tumble as $94 billion loss hits AI memory trade

Micron shares tumble as $94 billion loss hits AI memory trade

Micron plunged 7.7% Thursday, erasing $94.24 billion in market value as Broadcom’s weak revenue and flat AI forecast triggered a chip selloff; investors now question if AI memory demand justifies Micron’s trillion-dollar valuation after a tenfold stock surge, with risks rising that memory prices could peak in mid-2026 and fall in 2027, according to analysts.
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.
Sandisk Stock Warning: The $1,150 SNDK Offer Investors Are Being Told to Reject

SanDisk’s Rally Pauses as AI Chip Names Hit Resistance

SanDisk shares plunged 5.7% premarket to $1,727.22 after a record close, as a selloff in AI chip stocks hit sentiment despite surging 672% year-to-date and reporting 97% sequential revenue growth; investors now weigh memory-chip shortage gains against risks of “chipflation,” customer pushback, and policy pressure, with Wall Street watching for updates at the June 9 Mizuho Technology Conference.
DRAM-focused ETF’s $13 Billion Run on AI Memory Sets Up Market’s Tightest Chip Trade

DRAM-focused ETF’s $13 Billion Run on AI Memory Sets Up Market’s Tightest Chip Trade

Roundhill Memory ETF (DRAM) drew $553.7 million in new inflows on May 29, pushing assets to $13.36 billion and ranking among the top 10 U.S. ETF daily creations, as investors pile into AI-memory exposure; DRAM traded near $68.09 late Tuesday morning, but faces risks from memory price swings, supply issues, and concentrated bets.
Micron Clears $1,000 Mark as Wall Street Moves

Micron Clears $1,000 Mark as Wall Street Moves

Micron surged above $1,000 to a $1.18 trillion market cap as Raymond James, D.A. Davidson, and UBS hiked price targets—citing booming AI-driven demand for high-bandwidth memory, tight supply, and sold-out 2026 HBM inventory ahead of fiscal Q3 earnings on June 24.
2 June 2026
Stocks Hit Records as Oil Stirs Worry

Stocks Hit Records as Oil Stirs Worry

Nvidia surged 5.9% after unveiling a new AI PC chip with Microsoft, lifting the S&P 500 up 0.43% and Nasdaq 0.68% to near record highs. Tech and energy led gains as Brent crude jumped 4.25% to $94.99, pressuring airlines and capping broader advances. Market breadth stayed weak, with more NYSE stocks falling than rising. Investors await Broadcom’s results and Friday’s jobs data for AI and growth signals.
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.
Micron stock slides before the bell as S&P 100 move and earnings loom

Micron’s $1 Trillion AI Push Puts Pressure on Samsung

Micron Technology traded at $971 in Monday’s U.S. premarket, near a $1.11 trillion market cap after UBS tripled its price target to $1,625. The stock surged 5% Friday, fueled by AI server demand and tight high-bandwidth memory supply. Micron posts Q3 results June 24, targeting $33.5 billion in revenue. Options imply a 10% move this week as rivals like Samsung push new HBM chips and investors watch for any sign of weakness.
Micron Technology Stock Surges as AI Memory Shortage Puts MU at Center of Chip Rally

Micron Hits $1 Trillion Valuation Ahead of Volatile Week

Micron closed at $971 Friday, up 29.3% since May 22, and topped a $1.11 trillion market cap as AI memory demand and a UBS price target hike fueled a record week. UBS raised its target to $1,625, citing new long-term supply deals and rising AI demand. Options markets signal traders expect a 10% swing next week. Samsung began shipping faster 12-layer HBM4E samples, aiming to challenge Micron and SK Hynix in AI memory. Micron reports earnings June 24. S&P 500, Nasdaq, and Dow also closed at record highs, led by tech.
Micron Hits $1 Trillion, Week Ahead Could Decide Its Fate

Micron Hits $1 Trillion, Week Ahead Could Decide Its Fate

Micron Technology’s market cap topped $1 trillion this week as shares closed at $971 Friday, up 5.14%. Analysts at UBS, Susquehanna, and DA Davidson sharply raised price targets, citing tight high-bandwidth memory supply and rising AI demand. Micron posted Q2 revenue of $23.86 billion in March and guided for $33.5 billion in Q3. Samsung began shipping its new HBM4E chip to customers Friday, intensifying competition.

Stock Market Today

  • Sensex surges 1,695 points on US-Iran peace talks, crude oil price drop
    June 13, 2026, 2:09 AM EDT. The Sensex jumped 1,695 points to close at 75,528 on Friday, driven by revived US-Iran peace deal talks that sent Dow Jones up over 900 points and Brent crude prices below $90 per barrel. The decline in crude prices eased fears over global supply disruptions, strengthening the rupee to 95.11 against the dollar. Domestic funds bought aggressively, while foreign portfolio investors sold shares worth Rs 1,082 crore. Market cap rose to Rs 462 lakh crore, adding Rs 9.7 lakh crore in investor wealth. Experts highlighted that positive geopolitical developments and lower oil prices improved the near-term outlook for Indian equities. Upcoming US Federal Reserve policy decisions and industrial data will guide markets further.

Latest articles

SGH Limited Holds Back as ASX 200 Pushes Higher Before FY26 Results

SGH Limited Holds Back as ASX 200 Pushes Higher Before FY26 Results

13 June 2026
SGH closed at A$41.51, up 0.70% but underperformed the S&P/ASX 200’s 1.98% surge, as investors weighed solid cash flow and Boral margin gains against a high 36.03 P/E, mixed demand, and M&A risk; the next key catalyst is FY26 results on August 11, with analysts’ average target at A$47.64, 14.76% above Friday’s close.
NCR Voyix Rallies 10% After Investors Shift on Turnaround Bets

NCR Voyix Rallies 10% After Investors Shift on Turnaround Bets

13 June 2026
NCR Voyix soared 10.25% to $7.85, far outpacing the market, as investors focus on the company’s 2026 cash-flow and earnings targets; the next key catalyst is the Q2 2026 earnings update, with stock valuation appearing low if management delivers on margin and cash-flow goals, but risks remain with declining reported revenue and high debt.
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