Today: 24 June 2026
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Technology 23 June 2026 - 24 June 2026

Nokia (HEL:NOKIA) trades higher on AI network automation push, outpaces Helsinki index

Nokia (HEL:NOKIA) trades higher on AI network automation push, outpaces Helsinki index

Nokia shares jumped up to 3.6% in Helsinki after unveiling a series of AI-powered autonomous network releases with Google Cloud, AWS, and Databricks, driving automation rates above 90% and productivity gains of 60–80%, but investors await July 23 results for confirmation as new launches focus on future deployments, not immediate contract revenue.
24 June 2026
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Nvidia, Micron and AMD weakness raises AI memory-chip worry

Nvidia, Micron and AMD weakness raises AI memory-chip worry

The Philadelphia Semiconductor Index plunged 7.9%—over five times the S&P 500’s drop—as Micron, Sandisk, and Western Digital tumbled harder than Nvidia, signaling mounting pressure in memory chip stocks ahead of Micron’s earnings, with investors questioning AI-driven spending and risk of further selloff if Micron signals memory prices are peaking.
24 June 2026
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Best Stock To Buy Today? Qualcomm’s OpenAI Chip Report Puts QCOM Back In The Market’s AI Trade

Qualcomm (NASDAQ:QCOM) slides, $19 billion lost as AI deal rumors lift investor-day expectations

Qualcomm stock plunged 8.01%—erasing $19 billion in value—amid reports of costly AI acquisitions and ahead of a crucial investor meeting where management must clarify data-center strategy and the impact of potential $12–14 billion deals on cash returns, as investors weigh sector-wide selling and risks to Qualcomm’s AI premium.
23 June 2026
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Trump Eyes $17.5 Billion Nuclear Push as AI Energy Demand Jumps

Trump Eyes $17.5 Billion Nuclear Push as AI Energy Demand Jumps

The Trump administration announced $17.5 billion in conditional federal loans to accelerate orders for 10 Westinghouse AP1000 nuclear reactors, aiming to meet surging U.S. electricity demand from AI and data centers; the loans target equipment purchases to cut deployment timelines by up to three years, but projects must still clear technical and financial hurdles before funds are released.
23 June 2026
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NVIDIA Stock Price Slides 3% Despite Amazon Chip Deal as Oil, Rate Fears Hit AI Trade

Nvidia Stock Drops as 362-Kilowatt Rack Puts Investor Risk in Focus

Nvidia shares slid 3.6% to $201.10, erasing over $5 trillion in market value, as investors shifted focus from chip demand to power and cooling constraints highlighted by Super Micro’s new Rubin system, with Morgan Stanley warning of grid bottlenecks in 2027-2028 and Super Micro stock surging 15.7% on its end-to-end data center solution.
23 June 2026
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Backblaze (NASDAQ:BLZE) Jumps After CoreWeave AI Storage Deal Worth $335 Million

Backblaze (NASDAQ:BLZE) Jumps After CoreWeave AI Storage Deal Worth $335 Million

Backblaze shares soared 39.8% to $11.35 after announcing a multi-year CoreWeave storage deal with an estimated contract value of $335 million—more than double Backblaze’s annual recurring revenue—giving the small-cap cloud company a major AI-infrastructure boost, though actual revenue depends on storage used and the agreement could dilute shares if warrants are exercised.
23 June 2026
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Nasdaq Futures Drop Ahead of Open as Debt Concerns Hit AI Stocks

Nasdaq 100 Slides, Tech Stocks Wipe Out $1 Trillion

Nasdaq 100 futures plunged nearly 3% premarket as selling in AI-linked tech stocks intensified, putting over $1 trillion in market value at risk Tuesday; SpaceX dropped below a $2 trillion valuation and lost $600 billion in three sessions, while South Korea’s KOSPI tumbled 9.99% after Samsung and SK Hynix fell over 12% each, as investors question AI returns and brace for higher U.S. rates.
23 June 2026
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Korea Slides 10%, Nasdaq Futures Down 2.7% as Chip Stocks Sink Worldwide

Korea Slides 10%, Nasdaq Futures Down 2.7% as Chip Stocks Sink Worldwide

Global semiconductor stocks plunged, wiping over $1 trillion from the Nasdaq 100’s market value in premarket trade as investors questioned whether massive AI infrastructure spending by tech giants can deliver returns, with SK Hynix and Samsung Electronics each losing over 12% and Micron set to report results that could further sway memory shares.
23 June 2026
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Microsoft (NASDAQ:MSFT) Faces Questions on AI After Attempted Rebound

Microsoft (NASDAQ:MSFT) Faces Questions on AI After Attempted Rebound

Microsoft rose 1.1% in premarket trading after announcing a 20-year Chevron power deal for a massive Texas AI data center, as investors weigh whether surging AI infrastructure costs will pay off quickly enough amid a broader tech stock selloff and ongoing concerns over Azure growth and capital spending.
23 June 2026
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Stock Market Today

  • SK Hynix Plans $29 Billion Nasdaq ADR Listing to Tap U.S. Investors
    June 24, 2026, 8:01 AM EDT. South Korea's SK Hynix, the world's second-largest chipmaker, plans to raise approximately $29 billion through an American Depositary Receipt (ADR) listing on Nasdaq, aiming for a July 10 debut. The offering includes 17.79 million new shares valued at around 45.45 trillion won ($29.65 billion). SK Hynix expects the U.S. listing to broaden its investor base and properly value its corporate worth amid soaring demand for AI-related memory chips. The company, holding about 60% of the high bandwidth memory (HBM) market, reported a 280% share price surge in 2024. Major banks including BofA Securities, Citigroup, Goldman Sachs, and JP Morgan are managing the sale. The expansion coincides with new manufacturing facilities planned in both South Korea and the U.S.
Samsung rally puts buyback plan under investor lens

Samsung rally puts buyback plan under investor lens

24 June 2026
Samsung Electronics soared 9.8% after announcing it may buy shares for employee stock pay, with media reporting a 90 trillion won plan—equal to 4.5% of common shares and nearly five times Wednesday’s trading volume—fueling a sharp rebound in both Samsung’s stock and the KOSPI after Tuesday’s selloff.
Backblaze rally leaves CoreWeave deal below stated price

Backblaze rally leaves CoreWeave deal below stated price

24 June 2026
Backblaze surged 43.6% after landing a $335 million CoreWeave contract—4.2 times its 2025 B2 Cloud Storage revenue—but the stock’s $213 million equity gain values the deal at just 63 cents per contract dollar, as investors weigh costs, timing, and potential dilution from CoreWeave warrants covering up to 7% of shares.
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