Today: 17 June 2026
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Technology 15 June 2026 - 16 June 2026

ARK ramps up SpaceX buys as Musk-led stocks keep rallying

ARK ramps up SpaceX buys as Musk-led stocks keep rallying

ARK Invest snapped up nearly 3.3 million SpaceX shares—over $500 million—after its record IPO, funding the bet by selling Tesla, AMD, Robinhood, and Teradyne; SpaceX surged to $225.38 intraday and closed at $201.98, as the company announced a $60 billion Cursor AI deal and posted a $4.94 billion 2025 net loss on $18.67 billion revenue, trading at a high price-to-revenue multiple.
16 June 2026
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Micron Drops From Highs With AI Tailwind Facing Earnings Bar

Micron Drops From Highs With AI Tailwind Facing Earnings Bar

Micron Technology shares fell 3.6% to $1,048.87 after a record high, as investors took profits in the hot AI memory trade ahead of the June 24 earnings call, where results will test whether booming AI-driven memory demand can justify the stock’s 800% run and high valuation, with analysts warning that any disappointment could hit both earnings expectations and the stock’s multiple.
16 June 2026
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Marvell Stock Rises as AI Momentum, Analyst Target Hike and S&P 500 Entry Lift MRVL

Marvell Stock Rises as AI Momentum, Analyst Target Hike and S&P 500 Entry Lift MRVL

Marvell surged 10.43% to $308.88 after GF Securities raised its price target to $350, fueled by AI infrastructure demand, record Q1 revenue, and upcoming S&P 500 inclusion on June 22, but the stock now trades well above the average analyst target of $235.70 and holds a P/E over 100, highlighting high expectations and risk if growth falters.
16 June 2026
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Joby Aviation Stock Rises as Air Taxi Demand Data Gives Bulls a Fresh Lift

Joby Aviation Stock Rises as Air Taxi Demand Data Gives Bulls a Fresh Lift

Joby Aviation jumped about 7% to $9.67 after new consumer survey data showed 79% interest in flying taxis and half of respondents aware of eVTOLs, with investors eyeing FAA certification, pilot programs, and Dubai service as key catalysts; a fresh Form 144 filing signals potential insider selling risk as the stock remains sensitive to certification and adoption milestones.
16 June 2026
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Ondas Up After Resale Test Update

Ondas Up After Resale Test Update

Ondas registered 6,070,948 shares for resale tied to recent acquisitions, adding supply overhang as ONDS closed up 1.93% at $9.51; investors now await Q2 results to see if over $110 million in new orders convert to revenue without worsening cash-burn, a key catalyst for the volatile defense-drone stock’s next move.
16 June 2026
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Stock Market Today

  • ERock Simplifies Equity Structure and Adds Independent Board After IPO
    June 16, 2026, 9:15 PM EDT. ERock (NYSE:EROC) completed its IPO, raising capital to support its power systems business. The company simplified its equity structure through repurchases and restructuring, adopting new bylaws and a revised certificate of incorporation. It established a new independent board with defined committee roles, aiming to strengthen governance. ERock trades at $15.30 with no analyst price targets yet and is flagged as undervalued by one estimate, trading nearly 96% below fair value. Investors should monitor how the board manages IPO proceeds against current revenue of $190.8 million and a net loss of $68.2 million. Shares are highly illiquid, possibly causing wider spreads and price volatility. These changes offer a clearer foundation for public oversight as ERock transitions to a public company.

Latest articles

Dow Closes at Record in After-Hours as S&P 500, Nasdaq Dip on Tech Slide

Dow Closes at Record in After-Hours as S&P 500, Nasdaq Dip on Tech Slide

17 June 2026
Dow hits second straight record close at 51,999.67 while S&P 500 and Nasdaq drop as tech stocks slide; Philadelphia semiconductor index plunges 5.7% and after-hours trading sees only slight gains for major index-tracking funds, as investors brace for Wednesday’s Fed decision and monitor inflation risks amid falling oil prices and a possible U.S.-Iran deal.
GD Culture shares drop on heavy trading and ongoing buyout uncertainty

GD Culture shares drop on heavy trading and ongoing buyout uncertainty

17 June 2026
GD Culture Group plunged 73.3% to $0.028 after heavy trading, putting fresh pressure on its unresolved, non-binding $10.75-per-share buyout proposal; risks include deal uncertainty, a $300 million share-sale program, and bitcoin-driven balance sheet swings, with no new company updates released Tuesday.
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