Today: 21 June 2026
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Technology 19 June 2026 - 20 June 2026

Broadcom shares rose 4.7% on Thursday, marking a second consecutive gain, but remain well below their early June highs as investors question the sustainability of AI-driven expectations. Goldman Sachs reduced its 2026 and 2027 smartphone shipment forecasts, citing rising memory costs, and noted that Apple’s planned price increases reflect the impact of the AI chip shortage. Micron’s upcoming June 24 earnings are seen as a key test for the sector. Cerebras Systems gained 9.85% on June 18, up about 9.7% for the week, but still trades significantly below its debut price. Dell lost 2.34% in its latest session but is up 3.5% since June 12. Applied Digital closed up 2.24% Thursday and completed a $1.59 billion senior-secured notes sale. Seagate shares rose 0.39% Thursday and are up nearly 15% for the week, with AI storage demand noted as a driver. Applied Optoelectronics fell 3.3% Thursday and 4.3% for the week, with recent filings and management comments highlighted. Western Digital surged 4.79% Thursday and 32.6% for the week, outperforming the Nasdaq Composite. Rocket Lab ended Thursday down 0.69% but is up 4.7% for the week, helped by an analyst upgrade and index inclusion. Marvell rose 7.27% Thursday and is set to join the S&P 500, with KeyBanc raising its price target. The S&P 500, Nasdaq, and Dow all posted gains for the week, with semiconductor stocks rebounding, led by Intel’s 10.6% jump after news of an Apple partnership. Sandisk climbed 11.54% Thursday, with the semiconductor index up 7% for the week. Astera Labs jumped 11.31% Thursday and 13.6% for the week, ahead of its addition to the Nasdaq-100. Vertiv rose 4.87% Thursday and nearly 10% for the week, with AI data-center cooling demand cited. Keel’s shares rose on both the TSX and Nasdaq. TSMC and Nvidia posted strong weekly gains, while Microsoft lagged the broader market. Shopify’s shares were little changed for the week after a midweek drop. Micron rose 8.7% Thursday and 15.5% for the week, with investors awaiting its earnings. Snap declined for a third straight session.
Apple Price Increases Turn Spotlight on Memory Chip Shortages After Goldman Trims Smartphone View

Apple Price Increases Turn Spotlight on Memory Chip Shortages After Goldman Trims Smartphone View

Goldman Sachs slashed 2026-27 global smartphone shipment forecasts as surging memory-chip costs force Apple to raise prices, signaling even top-tier brands can’t absorb the AI-driven chip squeeze; Micron’s June 24 earnings now stand as a crucial test for the memory rally’s momentum, with Gartner warning soaring memory prices could cut 2026 smartphone shipments by 8.4% and push prices up 13% versus 2025.
20 June 2026
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Dell closes out short week with gains, AI server push stays in view

Dell closes out short week with gains, AI server push stays in view

Dell closed at $409.50 on June 18, up about 3.5% from June 12, as investors focus on its booming AI server business after record Q1 results and a raised fiscal 2027 revenue outlook, with $24.4 billion in AI orders and a new quarterly dividend declared; all eyes now turn to the June 25 annual meeting amid ongoing risks from supply chain, demand, and tech sector volatility.
20 June 2026
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Applied Optoelectronics stock slips into holiday weekend as AI optics trade cools

Applied Optoelectronics stock slips into holiday weekend as AI optics trade cools

Applied Optoelectronics fell 4.3% in a holiday-shortened week to $161.85 as investors weighed insider-sale filings, a doubled credit line, and management’s warning that supply constraints—not demand—will limit 800G transceiver revenue into mid-2027, raising execution risks for one of the year’s most volatile AI-infrastructure stocks.
20 June 2026
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Chip Rally Breaks as Nasdaq Faces Tight Labor Market

Nasdaq gets boost from AI chip stocks; Fed rate question stays in focus

Intel soared 10.6% after President Trump announced Apple will partner with the company on U.S. chip design and manufacturing, fueling a semiconductor-led rally that lifted the S&P 500 by 0.93% and the Nasdaq by 2.43% in a holiday-shortened week, even as investors remain wary of persistent inflation and potential Fed rate hikes.
20 June 2026
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Astera Labs Stock Kicks Off Nasdaq-100 Debut Week at New Highs as ALAB Rally Extends Valuation

Astera Labs Stock Kicks Off Nasdaq-100 Debut Week at New Highs as ALAB Rally Extends Valuation

Astera Labs surged 13.6% in a holiday-shortened week to a record $417.07, set to join the Nasdaq-100 before Monday’s open amid strong AI infrastructure demand, but with shares far above the average analyst target of $244.97, risks include index buying fading, delayed AI orders, and tough competition, making Monday’s debut a critical test for sustained investor demand.
20 June 2026
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Vertiv sits close to its highs going into next week as AI data-center cooling trade stays in focus

Vertiv sits close to its highs going into next week as AI data-center cooling trade stays in focus

Vertiv surged nearly 10% to $333.05 over the holiday-shortened week, fueled by a GLJ Research upgrade and its completed ThermoKey acquisition, as investors bet on rising demand for AI data-center cooling; Thursday’s rally was the last print before the Juneteenth market closure, with trading set to resume under regular hours.
20 June 2026
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Keel Infrastructure trades near highs going into the week with AI-infrastructure theme in focus

Keel Infrastructure trades near highs going into the week with AI-infrastructure theme in focus

Keel shares soared to recent highs—TSX up 12.33% to C$9.93, Nasdaq up 5.36% to $6.29—after closing a $458M convertible note deal to fund its shift from bitcoin mining to AI infrastructure, but analysts’ average 12-month target of $5.29 trails the last close, highlighting risk if execution lags or costs rise as U.S. trading resumes Monday.
20 June 2026
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Microsoft slips 2.9% this holiday-shortened week as traders question cloud capacity

Microsoft slips 2.9% this holiday-shortened week as traders question cloud capacity

Microsoft shares fell 2.9% to $379.40 this week, underperforming the S&P 500 and Nasdaq as investors rewarded AI chipmakers but not major buyers like Microsoft; a reported breakdown in cloud-capacity talks with Oracle and persistent supply constraints highlight execution risks ahead of key Micron earnings and U.S. inflation data next week.
19 June 2026
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Shopify trades lower in Toronto with Nasdaq shut, focus stays on AI move and buyback

Shopify trades lower in Toronto with Nasdaq shut, focus stays on AI move and buyback

Shopify’s Toronto shares slipped 1.1% to C$152.06 as investors weighed its $5 billion buyback and new AI tools against concerns over second-quarter growth and cash flow, with U.S. shares idle for Juneteenth after a volatile week marked by a sharp midweek drop and lingering questions about the impact of AI-driven commerce on costs and demand.
19 June 2026
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Stock Market Today

  • Elon Musk Nears 20% Voting Power in Tesla After Exercising Stock Options
    June 20, 2026, 9:03 PM EDT. Tesla CEO Elon Musk exercised stock options from his 2018 compensation award, acquiring over 303 million shares at $23.34 each, increasing his voting power to roughly 19.9%. After accounting for shares withheld as settlement, Musk's net gain totals over 286 million shares. He now owns more than 727 million Tesla shares, including additional awards from 2025. Tesla's stock splits in 2020 and 2022 adjusted the share count from the original grant. Musk's net worth surged past $1.3 trillion, boosted by SpaceX's recent IPO. This positions him ahead of Amazon's Jeff Bezos and Oracle's Larry Ellison in wealth rankings. The SEC filing clarified no open-market sales occurred during the transactions.

Latest articles

Home Depot shares finish week up as investors weigh housing numbers

Home Depot shares finish week up as investors weigh housing numbers

21 June 2026
Home Depot jumped 2.1% to $334.28 in a shortened week as Wall Street rallied, but weak U.S. housing starts and upcoming May new-home-sales data keep pressure on the home-improvement outlook; the company reaffirmed 2026 sales and earnings targets despite volatile conditions and persistent housing affordability concerns.
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