Today: 15 June 2026
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NASDAQ:SOXX 20 January 2026 - 26 May 2026

Why POET Technologies Stock Jumped After a $50 Million Lumilens AI Optics Order

POET Technologies’ $400 Million Question: Why the Stock Is Falling While Chip Shares Rally

POET Technologies shares dropped 7.7% to $13.46 Tuesday, underperforming chip stocks after a $400 million stock-and-warrant sale added 19 million shares. Trading volume neared 35 million. The company reported $503,389 in Q1 revenue and a $12.3 million net loss. A major order from Marvell was canceled in April, while a new deal with Lumilens could reach $500 million if milestones are met.
26 May 2026
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Nvidia stock drops as China stalls H200 chip clearance, dragging AI chip names

Nvidia stock drops as China stalls H200 chip clearance, dragging AI chip names

Nvidia shares fell 4.3% Tuesday after Inventec said approval for selling Nvidia’s H200 AI chip in China is stalled by Beijing. Broadcom dropped 5.4%, Super Micro Computer slid 3.8%, and the iShares Semiconductor ETF lost 1.5%. Morgan Stanley cut its outlook for North American IT hardware, citing weak demand and rising costs. Wall Street posted its steepest daily decline in three months.
20 January 2026
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Stock Market Today

  • Q1 Earnings Highlights: Petco and Consumer Retail Sector Performance
    June 15, 2026, 2:16 PM EDT. Consumer retail sector reported mixed but generally positive Q1 results with 53 tracked stocks beating revenue estimates by 0.8%. Petco (NASDAQ:WOOF) posted $1.50 billion revenue, exceeding expectations but shares dropped 10.3% following EBITDA guidance miss. CEO Joel Anderson highlighted the success of the Phase 3 strategy and growth in services and consumables. CarMax (NYSE:KMX) led with $5.95 billion revenue, beating estimates by 3.9%, and saw a 3.6% stock rise. Despite evolving shopping habits, these retailers showed resilience with the sector's average share price up 12.9% post-earnings. Market reaction varies as companies navigate growth and profitability challenges in a shifting retail landscape.

Latest articles

Bezos Backs Ending Income Tax for Lower Earners

Bezos Backs Ending Income Tax for Lower Earners

15 June 2026
Jeff Bezos reignited debate Monday by urging zero federal income tax for the bottom half of U.S. earners, a move analysts say would most benefit middle-income households still paying taxes, as many low-income Americans already owe none; related Democratic legislation would cost $1.6 trillion over 10 years, funded by a surtax on high earners, Investopedia and Tax Foundation data show.
Pattern Group Slides as Knox Lane Affiliate Plans 8 Million Share Sale

Pattern Group Slides as Knox Lane Affiliate Plans 8 Million Share Sale

15 June 2026
Pattern Group shares plunged 11% to $18.61 after a Knox Lane-affiliated pre-IPO holder launched a secondary offering of 8 million Series A shares, with an option for 1.2 million more; Pattern will not receive proceeds, and the increased share supply weighed on investor sentiment.
Nasdaq Tech Stocks Climb, QQQ Gains After U.S.-Iran Deal Hopes

Nasdaq Tech Stocks Climb, QQQ Gains After U.S.-Iran Deal Hopes

15 June 2026
Invesco QQQ Trust surged 3.1% to $743.54 as a preliminary U.S.-Iran deal sent oil prices down 5%, easing inflation and rate-hike fears, and fueling a tech-led rally with chip stocks like Micron up 9.2% and Nvidia up 3%, while leveraged fund TQQQ soared 9.2%.
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