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Technology 22 June 2026 - 23 June 2026

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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UiPath (NYSE:PATH) dips; buyback can’t offset ARR pressure

UiPath (NYSE:PATH) dips; buyback can’t offset ARR pressure

UiPath (NYSE:PATH) slipped 1.2% to $10.15 as investors focus on Thursday’s annual meeting and whether annualized renewal run-rate (ARR) growth can accelerate beyond the current 12%, with $436.9 million in buyback authorization—about 8% of market cap—potentially cushioning shares, but not resolving concerns over sustainable contract growth versus headline revenue.
22 June 2026
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Broadcom’s $2 Trillion AI Call Gets 7.5% Test Next Week

Broadcom’s Google AI chip contract takes on new weight as JPMorgan defends stock

Broadcom shares slid to $396.72 midday Monday, down $14.63, as investors weighed JPMorgan’s defense of its Google AI chip program against concerns over customer concentration and a broader reset in high-valuation AI infrastructure stocks, despite Broadcom forecasting over 200% AI semiconductor revenue growth for Q3 and securing multi-year supply deals with Google and Anthropic.
22 June 2026
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Stock Market Updates

Iovance (NASDAQ:IOVA) gains after $89.7 million stock sale

Iovance (NASDAQ:IOVA) gains after $89.7 million stock sale

23 June 2026
Iovance Biotherapeutics shares jumped 9.4% after launching a new $89.65 million at-the-market stock sale, with investors weighing limited dilution against faster Amtagvi sales growth; the company guided Q2 product revenue to $86–88 million, and said proceeds will support Amtagvi’s commercial launch and clinical trials, as investors focus on revenue momentum and manageable dilution.
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