Technology 21 June 2026 - 22 June 2026

UiPath shares traded down 1.2% to $10.15, with investors focused on its upcoming annual meeting and the company's remaining share buyback capacity. The iShares Expanded Tech-Software Sector ETF also declined about 2%. Applied Optoelectronics rose 7.8% to $174.41, outperforming a weak Nasdaq, after a China unit doubled its credit line to RMB 500 million, signaling increased manufacturing activity. Broadcom shares fell despite JPMorgan disputing reports of issues with its Google TPU roadmap; the main concern is whether Broadcom can secure full AI racks, networking equipment, and large-scale financing. TSMC’s U.S.-listed shares outperformed major tech and chip ETFs, with June sales seen as a key catalyst that could bring Q2 revenue near guidance midpoint, though risks remain tied to AI capacity spending. MARA surged 12.8% to $16.04, outpacing bitcoin and peers, but bitcoin ETF flows stayed soft, indicating weak institutional demand. SK Hynix ended with a higher market cap than Samsung Electronics for the first time since 2000, driven by a re-rating of high-bandwidth memory amid strong AI demand. Getty Images jumped in premarket after announcing a multi-year display deal with OpenAI for ChatGPT, though financial terms were not disclosed. WDC gained 4.86% as traders focused on AI-driven storage scarcity, with the company forecasting Q4 revenue at $3.65 billion midpoint. Sandisk rose 3.62% premarket, reflecting sector momentum after Apple’s warning on memory costs boosted NAND pricing power. Nokia shares declined modestly as the company worked through an AI-infrastructure rerating ahead of its Q2 closed window. Intel rallied over 10% after President Trump said Apple would partner with Intel on U.S. chip design and manufacturing, though details were unconfirmed.