Today: 24 June 2026
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Technology 22 June 2026 - 24 June 2026

Nvidia, Micron and AMD weakness raises AI memory-chip worry

Nvidia, Micron and AMD weakness raises AI memory-chip worry

The Philadelphia Semiconductor Index plunged 7.9%—over five times the S&P 500’s drop—as Micron, Sandisk, and Western Digital tumbled harder than Nvidia, signaling mounting pressure in memory chip stocks ahead of Micron’s earnings, with investors questioning AI-driven spending and risk of further selloff if Micron signals memory prices are peaking.
24 June 2026
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Best Stock To Buy Today? Qualcomm’s OpenAI Chip Report Puts QCOM Back In The Market’s AI Trade

Qualcomm (NASDAQ:QCOM) slides, $19 billion lost as AI deal rumors lift investor-day expectations

Qualcomm stock plunged 8.01%—erasing $19 billion in value—amid reports of costly AI acquisitions and ahead of a crucial investor meeting where management must clarify data-center strategy and the impact of potential $12–14 billion deals on cash returns, as investors weigh sector-wide selling and risks to Qualcomm’s AI premium.
23 June 2026
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Trump Eyes $17.5 Billion Nuclear Push as AI Energy Demand Jumps

Trump Eyes $17.5 Billion Nuclear Push as AI Energy Demand Jumps

The Trump administration announced $17.5 billion in conditional federal loans to accelerate orders for 10 Westinghouse AP1000 nuclear reactors, aiming to meet surging U.S. electricity demand from AI and data centers; the loans target equipment purchases to cut deployment timelines by up to three years, but projects must still clear technical and financial hurdles before funds are released.
23 June 2026
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NVIDIA Stock Price Slides 3% Despite Amazon Chip Deal as Oil, Rate Fears Hit AI Trade

Nvidia Stock Drops as 362-Kilowatt Rack Puts Investor Risk in Focus

Nvidia shares slid 3.6% to $201.10, erasing over $5 trillion in market value, as investors shifted focus from chip demand to power and cooling constraints highlighted by Super Micro’s new Rubin system, with Morgan Stanley warning of grid bottlenecks in 2027-2028 and Super Micro stock surging 15.7% on its end-to-end data center solution.
23 June 2026
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Backblaze (NASDAQ:BLZE) Jumps After CoreWeave AI Storage Deal Worth $335 Million

Backblaze (NASDAQ:BLZE) Jumps After CoreWeave AI Storage Deal Worth $335 Million

Backblaze shares soared 39.8% to $11.35 after announcing a multi-year CoreWeave storage deal with an estimated contract value of $335 million—more than double Backblaze’s annual recurring revenue—giving the small-cap cloud company a major AI-infrastructure boost, though actual revenue depends on storage used and the agreement could dilute shares if warrants are exercised.
23 June 2026
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Nasdaq Futures Drop Ahead of Open as Debt Concerns Hit AI Stocks

Nasdaq 100 Slides, Tech Stocks Wipe Out $1 Trillion

Nasdaq 100 futures plunged nearly 3% premarket as selling in AI-linked tech stocks intensified, putting over $1 trillion in market value at risk Tuesday; SpaceX dropped below a $2 trillion valuation and lost $600 billion in three sessions, while South Korea’s KOSPI tumbled 9.99% after Samsung and SK Hynix fell over 12% each, as investors question AI returns and brace for higher U.S. rates.
23 June 2026
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Korea Slides 10%, Nasdaq Futures Down 2.7% as Chip Stocks Sink Worldwide

Korea Slides 10%, Nasdaq Futures Down 2.7% as Chip Stocks Sink Worldwide

Global semiconductor stocks plunged, wiping over $1 trillion from the Nasdaq 100’s market value in premarket trade as investors questioned whether massive AI infrastructure spending by tech giants can deliver returns, with SK Hynix and Samsung Electronics each losing over 12% and Micron set to report results that could further sway memory shares.
23 June 2026
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Microsoft (NASDAQ:MSFT) Faces Questions on AI After Attempted Rebound

Microsoft (NASDAQ:MSFT) Faces Questions on AI After Attempted Rebound

Microsoft rose 1.1% in premarket trading after announcing a 20-year Chevron power deal for a massive Texas AI data center, as investors weigh whether surging AI infrastructure costs will pay off quickly enough amid a broader tech stock selloff and ongoing concerns over Azure growth and capital spending.
23 June 2026
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Micron Shares Reach All-Time High with AI Memory Demand in Focus Ahead of Earnings

Micron Shares Reach All-Time High with AI Memory Demand in Focus Ahead of Earnings

Micron Technology surged 6.9% to a record $1,211.38 after announcing a supply and investment deal with Anthropic, defying a tech market drop, as investors bet on AI-driven demand and raised analyst targets; Wednesday’s earnings will test if Micron can sustain gross margins above 80% and meet rising expectations amid tight competition and a global memory shortage.
23 June 2026
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Stock Market Updates

Nasdaq Futures Drop Ahead of Open as Debt Concerns Hit AI Stocks

Nasdaq edges lower in after-hours as AI chip fall spurs margin chatter

24 June 2026
Philadelphia SE Semiconductor index plunges 7.9%—over five times the S&P 500’s drop—as investors dump chip and AI stocks on fears of unsustainable capital spending; Cerebras Systems sinks 10% after hours on margin warning, while FedEx falls 6% post-close as core margins slip despite higher profit and revenue.
KB Home (NYSE:KBH) rises after hours as traders look to H2 delivery gains

KB Home (NYSE:KBH) rises after hours as traders look to H2 delivery gains

24 June 2026
KB Home jumped 4% after hours as investors bet on a back-loaded 2026 delivery plan, despite missing profit estimates; the builder must deliver 26% more homes in the second half to hit its target, with margins expected to edge up, while shares still trade below book value and buybacks continue.
Delta eyes higher margins as jet fuel drops; fares may follow

Delta eyes higher margins as jet fuel drops; fares may follow

24 June 2026
Delta CEO warns lower jet fuel prices alone won’t cut fares unless airlines can add more flights, as U.S. carriers paid $6.47 billion for fuel in April—up 78% from last year—while capacity growth is just 0.4% for Q3; Delta shares last traded at $86.72, up 81 cents.
IREN stock falls as Wall Street stays split on AI cloud payoff

IREN stock falls as Wall Street stays split on AI cloud payoff

24 June 2026
IREN plunged 3.78% to $54.72 as tech stocks tumbled on AI spending worries, but analysts remain split with targets from $36 to $100; Microsoft’s $9.7B contract and a new $3.65B GPU financing facility drive bullish bets, while risks from uncontracted revenue targets and delivery timelines leave the stock highly volatile.
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