Today: 25 June 2026
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Technology 24 June 2026 - 25 June 2026

Oracle (NYSE:ORCL) stock slips as AI spending outpaces cloud infra sales

Oracle (NYSE:ORCL) stock slips as AI spending outpaces cloud infra sales

Oracle plunged 4.62% to $157.53 after its annual report revealed fiscal 2026 capital expenditures soared to $55.7 billion—over three times cloud-infrastructure revenue—while free cash flow was negative $23.7 billion and restructuring costs surged, highlighting intensifying funding pressures despite a massive $638 billion backlog.
25 June 2026
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Qualcomm move tests Street targets after $15B AI data center outlook

Qualcomm move tests Street targets after $15B AI data center outlook

Qualcomm shares soared over 12% after hours as the company set a $15 billion fiscal 2029 data-center revenue target and $40 billion non-handset chip goal, doubling prior forecasts; the surge followed a regular-session close just below analyst targets and came after news that Microsoft and Meta will use Qualcomm’s new AI chips, with Meta’s next-gen servers powered by its CPU starting in late 2028.
24 June 2026
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FuelCell Energy spikes premarket on Fit Energy power agreement

FuelCell Energy spikes premarket on Fit Energy power agreement

FuelCell Energy shares jumped 16% premarket after announcing a strategic deal to supply Fit Energy with up to 380 MW of on-site power for data centers, with an initial 30 MW phase beginning this year and later phases optional; warrants for up to 12 million shares at $26.44 are tied to project deposits, and the company cautioned that most capacity is not yet secured and results may differ due to execution and financing risks.
24 June 2026
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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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Stock Market Updates

Fomo lands $75 million, hitting $880 per user valuation for crypto trading app

Fomo lands $75 million, hitting $880 per user valuation for crypto trading app

25 June 2026
Fomo’s $550 million Series B valuation puts a venture price of $880 per user on a tiny crypto trading app with $4 billion life-to-date volume—just 2% of Coinbase’s quarterly total—highlighting rich private-market multiples and signaling potential risk for public investors as crypto competition and cyclical revenue pressures persist.
SK hynix (KRX:000660) ADR math puts Micron (NASDAQ:MU) valuation gap in play

SK hynix (KRX:000660) ADR math puts Micron (NASDAQ:MU) valuation gap in play

25 June 2026
SK hynix surged 13.06% in Seoul after unveiling plans to raise up to 45.45 trillion won via a Nasdaq ADR sale, boosting funding coverage for its 55.92 trillion won capex plan to 93% at Thursday’s close, with the new shares diluting holders by just 2.44% and fueling hopes of narrowing its valuation gap with Micron and TSMC.
UK car insurance spike shifts focus to insurer profit margins

UK car insurance spike shifts focus to insurer profit margins

25 June 2026
UK car insurance premiums rose 1% to £719 in March-May, the first quarterly increase in over two years, but with premiums still 5% lower year-on-year as claims and repair costs climb, investors in Admiral, Aviva, and Sabre face margin pressure and a key 2026 earnings test as the pricing floor arrives before claims inflation is tamed.
Tanker spike at Hormuz tips oil toward surplus, airlines rally

Tanker spike at Hormuz tips oil toward surplus, airlines rally

25 June 2026
Brent crude futures flipped into prompt oversupply as Gulf oil flows through Hormuz neared pre-war levels, sending August Brent down $1.06 to $72.68—its lowest since Feb. 27—while U.S. airline stocks jumped up to 7% as jet fuel prices eased, but tanker rates soared and hundreds of ships remain stranded, keeping route risk high.
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