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Technology 4 June 2026 - 6 June 2026

QQQ Drops After Surprise Jobs Data, Market Eyes Rates and AI

QQQ Drops After Surprise Jobs Data, Market Eyes Rates and AI

Invesco QQQ Trust plunged 3.29% to $716.26 after a strong U.S. jobs report boosted rate-hike odds to 70%, hitting tech and AI stocks that dominate the ETF; the drop pushed QQQ below key technical support, with investors now weighing near-term rate risk over long-term growth, as higher yields threaten future earnings valuations.
5 June 2026
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Planet Labs Drops After $1.5 Billion Filing

Planet Labs Drops After $1.5 Billion Filing

Planet Labs plunged 22% to $33.86 after announcing a $1.5 billion at-the-market share-sale program, sparking dilution fears despite record Q1 revenue up 42% to $94.2 million and raised full-year guidance; analysts remain split, with Needham upping its price target to $53, while the average target sits below the current price even after the drop.
5 June 2026
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BlackBerry Shares Stall After QNX Push

BlackBerry Shares Stall After QNX Push

BlackBerry shares plunged 8% after a rapid rally pushed the stock near a 52-week high, with investors now awaiting June 25 earnings to see if growth matches the hype; analyst price targets remain far below current levels, raising risk if QNX or secure communications disappoint.
5 June 2026
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AI-driven stocks stall on Wall Street after jobs report shakes chip sector

AI-driven stocks stall on Wall Street after jobs report shakes chip sector

Chip stocks plunged Friday, with Broadcom down 4.5% and Nvidia 3.7%, after a stronger-than-expected May jobs report fueled fears the Fed may delay or reverse rate cuts, slamming AI-linked shares that powered this year’s rally; Broadcom’s revenue and AI chip forecast missed Wall Street estimates, triggering a 4.7% drop in the semiconductor ETF as investors demanded perfection.
5 June 2026
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Chip Rally Breaks as Nasdaq Faces Tight Labor Market

Chip Rally Breaks as Nasdaq Faces Tight Labor Market

A stronger-than-expected May jobs report sent the S&P 500 down 0.6% and the Nasdaq off 1.1% as rate-hike worries surged, with futures pricing a 65% chance of Fed tightening in December, up from 48% before the data; chip stocks plunged after Broadcom’s revenue missed expectations and failed to raise its AI outlook, disappointing investors.
5 June 2026
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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.
5 June 2026
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ASML Trading Close to €1,500 After New Wall Street Backing

ASML Trading Close to €1,500 After New Wall Street Backing

ASML shares surged near €1,500 in Amsterdam after BofA and Barclays raised price targets, citing strong EUV tool demand and increased visibility from major chipmakers like TSMC, which confirmed ongoing AI-driven supply constraints; both brokerages warned that China export restrictions and weaker chip spending remain key risks.
4 June 2026
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Dow Jumps as Oil Drops; Wall Street Watches Broadcom AI Moves

Dow Jumps as Oil Drops; Wall Street Watches Broadcom AI Moves

Dow surges 1.6% to a record 51,496.83 as investors rotate into healthcare and financial stocks after Wednesday’s selloff, while Broadcom plunges 11.2% on missed revenue and flat AI-chip guidance, capping Nasdaq gains; oil drops 3% on Middle East ceasefire hopes, but risks from chip sector weakness and geopolitical tensions remain, Reuters reports.
4 June 2026
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Stock Market Today

  • Impact of a SpaceX-Tesla Merger on Tesla's Share Price
    June 6, 2026, 5:12 AM EDT. Tesla's stock (NASDAQ: TSLA) is down 3.3% this year, trading around $423 after nearing $500 last year. A potential merger with SpaceX ahead of SpaceX's IPO could significantly influence Tesla's share price. Analysts are divided: some warn of a 20-25% value drop due to a 'conglomerate discount,' while others predict up to a $450 billion valuation boost if the merger evenly splits a combined $4.1 trillion entity. Key factors include the merger structure, SpaceX's valuation, and shareholder rights. The deal could increase Tesla's volatility and event-driven trading. Even without a merger, Tesla may gain from the Musk connection if SpaceX goes public. Investors should monitor announcements closely, as governance dilution or premium valuations could impact shares.

Latest articles

Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 06.06.2026

6 June 2026
LIVEMarkets rolling coverageStarted: June 6, 2026, 4:00 AM EDTUpdated: June 6, 2026, 5:16 AM EDT Impact of a SpaceX-Tesla Merger on Tesla's Share Price June 6, 2026, 5:12 AM EDT. Tesla’s stock (NASDAQ: TSLA) is down 3.3% this year, trading around $423 after nearing $500 last year. A potential merger with SpaceX ahead of SpaceX’s IPO could significantly influence Tesla’s share price. Analysts are divided: some warn of a 20-25% value drop due to a ‘conglomerate discount,’ while others predict up to a $450 billion valuation boost if the merger evenly splits a combined $4.1 trillion entity. Key factors include
Rigetti Stock Drops After Quantum Surge Stalls on Wall Street Rate Jolt

Rigetti Stock Drops After Quantum Surge Stalls on Wall Street Rate Jolt

6 June 2026
Rigetti Computing plunged 14.5% to $20.68 as tech stocks tumbled after strong May payrolls fueled fears of prolonged high U.S. rates, pressuring long-duration names; the selloff highlights risks tied to government funding, potential equity dilution, and uncertain commercial milestones, with Rigetti posting a $26 million Q1 operating loss and $4.4 million revenue despite recent product and funding announcements.
POET Technologies Stock Drops Sharply as Investors Watch

POET Technologies Stock Drops Sharply as Investors Watch

6 June 2026
POET Technologies plunged 23% to $11.86 amid a semiconductor selloff, as investors weighed execution risks after a $400 million capital raise, a $50 million Lumilens order, and recent turbulence from Marvell’s canceled purchase orders, with dilution and tax-status questions adding pressure.
Flex grabs S&P 500 spot but shares drop

Flex grabs S&P 500 spot but shares drop

6 June 2026
Flex will join the S&P 500 on June 22, drawing investor focus to its surging AI data-center power unit and planned spin-off, even as shares fell 4.8% to $151.92 amid a tech selloff; CPI sales jumped 38% to $6.61 billion in fiscal 2026, now 24% of total revenue, but margin slipped 100 basis points due to ramp-up costs and product mix.
Intel shares hit as AI chip slump wipes out $1.3 trillion

Intel shares hit as AI chip slump wipes out $1.3 trillion

6 June 2026
Intel plunged 11.4% to $99.17 on heavy volume as the PHLX Semiconductor Index suffered its worst drop since March 2020, wiping out $1.3 trillion in U.S. chipmaker market value, overshadowing Intel’s new AI partnership with Foxconn amid sector-wide selling triggered by Broadcom’s guidance and renewed Fed rate hike fears.
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