Today: 16 June 2026
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Technology 15 June 2026 - 16 June 2026

ARK ramps up SpaceX buys as Musk-led stocks keep rallying

ARK ramps up SpaceX buys as Musk-led stocks keep rallying

ARK Invest snapped up nearly 3.3 million SpaceX shares—over $500 million—after its record IPO, funding the bet by selling Tesla, AMD, Robinhood, and Teradyne; SpaceX surged to $225.38 intraday and closed at $201.98, as the company announced a $60 billion Cursor AI deal and posted a $4.94 billion 2025 net loss on $18.67 billion revenue, trading at a high price-to-revenue multiple.
16 June 2026
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Micron Drops From Highs With AI Tailwind Facing Earnings Bar

Micron Drops From Highs With AI Tailwind Facing Earnings Bar

Micron Technology shares fell 3.6% to $1,048.87 after a record high, as investors took profits in the hot AI memory trade ahead of the June 24 earnings call, where results will test whether booming AI-driven memory demand can justify the stock’s 800% run and high valuation, with analysts warning that any disappointment could hit both earnings expectations and the stock’s multiple.
16 June 2026
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Marvell Stock Rises as AI Momentum, Analyst Target Hike and S&P 500 Entry Lift MRVL

Marvell Stock Rises as AI Momentum, Analyst Target Hike and S&P 500 Entry Lift MRVL

Marvell surged 10.43% to $308.88 after GF Securities raised its price target to $350, fueled by AI infrastructure demand, record Q1 revenue, and upcoming S&P 500 inclusion on June 22, but the stock now trades well above the average analyst target of $235.70 and holds a P/E over 100, highlighting high expectations and risk if growth falters.
16 June 2026
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Joby Aviation Stock Rises as Air Taxi Demand Data Gives Bulls a Fresh Lift

Joby Aviation Stock Rises as Air Taxi Demand Data Gives Bulls a Fresh Lift

Joby Aviation jumped about 7% to $9.67 after new consumer survey data showed 79% interest in flying taxis and half of respondents aware of eVTOLs, with investors eyeing FAA certification, pilot programs, and Dubai service as key catalysts; a fresh Form 144 filing signals potential insider selling risk as the stock remains sensitive to certification and adoption milestones.
16 June 2026
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Ondas Up After Resale Test Update

Ondas Up After Resale Test Update

Ondas registered 6,070,948 shares for resale tied to recent acquisitions, adding supply overhang as ONDS closed up 1.93% at $9.51; investors now await Q2 results to see if over $110 million in new orders convert to revenue without worsening cash-burn, a key catalyst for the volatile defense-drone stock’s next move.
16 June 2026
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Marvell Jumps After S&P 500 Nod and Chip Gains Bring AI Play Into Spotlight

Marvell Jumps After S&P 500 Nod and Chip Gains Bring AI Play Into Spotlight

Marvell Technology surged 9% to around $305 after news it will join the S&P 500 before June 22, triggering expected index fund buying; shares also rode AI chip demand and a record-high Philadelphia Semiconductor Index, but at over 100 times trailing earnings, valuation risk remains even as analysts’ average price target lags the current price.
15 June 2026
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Stock Market Today

  • WTIB ETF Falls into Oversold Territory Amid Heavy Selling
    June 16, 2026, 5:16 PM EDT. Shares of the USCF Oil Plus Bitcoin Strategy Fund ETF (WTIB) dropped to $22.34 on Tuesday, entering oversold territory with a Relative Strength Index (RSI) of 27.9, below the 30 threshold that signals potential undervaluation. The RSI, which measures momentum on a 0-100 scale, contrasts with the S&P 500's current RSI of 57.7. WTIB's 52-week trading range spans from $14.70 to $35.88, with the latest trade down about 6% on the day. Investors may view the low RSI as an indicator that heavy selling pressure is easing, presenting potential buying opportunities. This comes amid volatility in oil and bitcoin-related assets.

Latest articles

SRx Health Solutions gains as EMJX crypto pivot draws traders

SRx Health Solutions gains as EMJX crypto pivot draws traders

16 June 2026
SRx Health Solutions surged 21% to $0.19 on heavy volume as investors tracked its pivot to EMJ Crypto Technologies and digital-asset treasury management, but the $55 million all-stock EMJX deal still faces closing conditions, SEC filings, NYSE approval, and dilution risk, with 187.5 million shares registered for resale and compliance deadlines looming.
T1 Energy Shares Edge Lower Before Shareholder Vote on KORE Power Bid

T1 Energy Shares Edge Lower Before Shareholder Vote on KORE Power Bid

16 June 2026
T1 Energy shares slid 3.3% to $8.63 ahead of Wednesday’s shareholder vote on doubling authorized common shares to 1 billion, a move drawing investor focus to dilution risks as the company pursues the $32 million KORE Power acquisition and seeks $225 million in financing for its G2_Austin solar cell factory.
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