Technology 17 June 2026 - 18 June 2026

Meta shares closed down 5.4% at $567.58, with a partial premarket recovery, as news broke that Emily Dalton Smith, a key executive in Meta’s AI-for-work restructuring, is leaving the company. Nokia rose 1.3% to €12.20, outperforming its index, driven by a patent deal with Lenovo and developments in optical networking and defense, though financial terms were not disclosed. Intel traded higher in premarket after reports that Apple may partner with Intel for U.S. chip design and manufacturing, a move not yet confirmed by either company. U.S. stock futures climbed, led by tech, with Nasdaq 100 futures up 1.44% and S&P 500 futures up 0.81%, as stocks rebounded from a previous drop after the Federal Reserve held rates steady at 3.50%-3.75% but signaled a possible rate hike. Nokia’s U.S.-listed ADR fell for a second session, while its Helsinki shares edged up, with the company highlighting plans to expand U.S. AI infrastructure. The U.S. Transportation Department closed its investigation into Delta Air Lines over the 2024 CrowdStrike outage, removing a regulatory threat and reflecting a broader rollback in the sector. Arm surged 5.69% to $418.88 after Bernstein raised its price target to $500. Coherent shares declined despite U.S. funding for its Texas plant, facing valuation and supply risks. Vertiv jumped 7%, with focus shifting to valuation after strong gains in AI-infrastructure stocks. Coupang rose 8.3% despite planning to book $410 million in Korean privacy fines, while ASML gained 4.10% on optimism for AI-related chip equipment spending, though export controls and delivery risks remain.