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Technology 18 June 2026 - 20 June 2026
TSMC’s U.S. shares surged 6.9% Thursday, closing at $462.12, and gained 9% over the four-session week, while Nvidia rose 3% to $210.69, up 2.7% for the week. The PHLX Semiconductor Index climbed 7.3%. U.S. and Taiwan markets were closed Friday for Juneteenth. Microsoft ended Thursday at $379.40, down 2.9% since June 12, trailing the S&P 500’s 0.93% and Nasdaq’s 2.43% weekly gains. Micron’s earnings and new U.S. inflation data are expected next week. Shopify’s Toronto shares dropped 1.1% to C$152.06, while its U.S.-listed shares closed at $108.85, little changed after a midweek slump. Micron closed Thursday at $1,133.99, up 8.7% and 15.5% for the week, ahead of its fiscal Q3 results next Wednesday. Snap ended Thursday at $4.66, down 1.69% for a third straight decline. Keel gained 5.36% to $6.29 on Nasdaq and 17.19% in Toronto after selling $458 million in convertible notes for funding and debt repayment. NuScale Power rose 13.54% to $11.74, with Paragon set to finish design work for its reactor systems, but NuScale reported only $565,000 in Q1 revenue and faces development risk. Amazon closed at $244.39, up 2.4% for the week, with Prime Day and Q2 results ahead. Ondas rose 1.64% to $9.27 and is acquiring Cyberhawk for about $125 million, mostly in cash. The Nasdaq gained 1.9% Thursday, led by chip stocks and optimism over a U.S.-Iran deal. Kioxia jumped 12.07% to ¥108,600 in Tokyo, contributing to a strong Nikkei week. ASML slipped 0.6% to €1,666.00 after clarifying it did not ship EUV machines or parts to China. Marvell gained 7.27% to $310.58, with a target hike and a photonics milestone, and will join the S&P 500 on Monday. Accenture fell 17.97% to $127.98 after reporting $18.72 billion in revenue and $19.32 billion in bookings. Cisco rose 1.88% to $119.54, ending a losing streak. Wolfspeed jumped 17.91% to $57.41 after filing to register 24.07 million shares for resale. SpaceX fell 3.5% to $185 but remains 37% above its IPO price, with a $1.77 trillion valuation. Qnity Electronics climbed 7.2% to $168.07, and Entegris rose 13.6% amid a chip rally. The S&P 500, Nasdaq, and Dow all closed higher Thursday, with chip stocks bouncing after President Trump announced Apple and Intel will collaborate on U.S. chip design and manufacturing. Corning rebounded, driven by its AI data-center exposure.