Technology 18 June 2026 - 19 June 2026

ASML shares in Amsterdam fell 0.6% after the company clarified it did not ship EUV chipmaking machines or parts to China, countering a Bloomberg report about U.S. concerns. Marvell shares rose 7.27% to $310.58 after KeyBanc raised its target, citing a photonics shipment milestone with Tower Semiconductor, and Marvell is set to join the S&P 500. Accenture shares dropped 17.97% to $127.98, now nearly 25% below their June 12 close, after reporting $18.72 billion in revenue and signing $19.32 billion in new business, but guiding for only 3% to 4% full-year local-currency revenue growth and issuing a fourth-quarter revenue forecast below Wall Street expectations, with ongoing pressure from U.S. federal contracts. Cisco ended a four-day losing streak, closing up 1.88% at $119.54 on higher volume. Wolfspeed gained 17.91% to $57.41 after filing to register up to 24.07 million shares for resale by selling stockholders, with no proceeds to the company. SpaceX shares slipped 3.5% to $185 but remain 37% above their IPO price, with the company valued at $1.77 trillion after raising $75 billion. Qnity Electronics climbed 7.2%, Entegris rose 13.6%, and the iShares Semiconductor ETF jumped 7.4% amid a chip rally following President Trump’s announcement that Apple and Intel will collaborate on U.S. chip design and manufacturing. Corning rebounded on investor focus on its AI data-center exposure. Apple is expected to raise product prices due to higher memory and storage chip costs, with AI data centers drawing supply away from consumer devices. Salesforce posted record results and strong AI-driven recurring revenue, but its $3.6 billion Fin deal raised questions about AI pricing and integration risk.