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Technology 4 June 2026 - 6 June 2026

SK Hynix Drops 10% After Hit, Here’s What’s Next for Traders

SK Hynix Drops 10% After Hit, Here’s What’s Next for Traders

SK hynix plunged 9.92% to 2,070,000 won Friday, capping a 12% five-day slide after a record high, as tech stocks sold off globally and a “sidecar” halt hit Seoul trading; investors now face a key test of confidence in the AI-memory trade, with the stock’s future hinging on HBM demand, U.S. chip sector moves, and details of a planned U.S. ADR listing, which remains under SEC review.
6 June 2026
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Meta Shares See $31 Million Spend Before AI Funding Jitters Arrive

Meta Shares See $31 Million Spend Before AI Funding Jitters Arrive

Meta stock plunged 5.5% to $593 Friday after reports it may raise tens of billions via a stock sale to fund soaring AI infrastructure costs, despite delayed filings showing Waystone, Eaton, and Fidelis held $31.4 million in Meta at year-end; analysts’ average target is $840.60, but investors are wary of dilution and rising capex, as Meta lifts 2026 spending outlook to up to $145 billion.
6 June 2026
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QQQ Drops After Surprise Jobs Data, Market Eyes Rates and AI

QQQ Drops After Surprise Jobs Data, Market Eyes Rates and AI

Invesco QQQ Trust plunged 3.29% to $716.26 after a strong U.S. jobs report boosted rate-hike odds to 70%, hitting tech and AI stocks that dominate the ETF; the drop pushed QQQ below key technical support, with investors now weighing near-term rate risk over long-term growth, as higher yields threaten future earnings valuations.
5 June 2026
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Planet Labs Drops After $1.5 Billion Filing

Planet Labs Drops After $1.5 Billion Filing

Planet Labs plunged 22% to $33.86 after announcing a $1.5 billion at-the-market share-sale program, sparking dilution fears despite record Q1 revenue up 42% to $94.2 million and raised full-year guidance; analysts remain split, with Needham upping its price target to $53, while the average target sits below the current price even after the drop.
5 June 2026
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BlackBerry Shares Stall After QNX Push

BlackBerry Shares Stall After QNX Push

BlackBerry shares plunged 8% after a rapid rally pushed the stock near a 52-week high, with investors now awaiting June 25 earnings to see if growth matches the hype; analyst price targets remain far below current levels, raising risk if QNX or secure communications disappoint.
5 June 2026
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AI-driven stocks stall on Wall Street after jobs report shakes chip sector

AI-driven stocks stall on Wall Street after jobs report shakes chip sector

Chip stocks plunged Friday, with Broadcom down 4.5% and Nvidia 3.7%, after a stronger-than-expected May jobs report fueled fears the Fed may delay or reverse rate cuts, slamming AI-linked shares that powered this year’s rally; Broadcom’s revenue and AI chip forecast missed Wall Street estimates, triggering a 4.7% drop in the semiconductor ETF as investors demanded perfection.
5 June 2026
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Chip Rally Breaks as Nasdaq Faces Tight Labor Market

Chip Rally Breaks as Nasdaq Faces Tight Labor Market

A stronger-than-expected May jobs report sent the S&P 500 down 0.6% and the Nasdaq off 1.1% as rate-hike worries surged, with futures pricing a 65% chance of Fed tightening in December, up from 48% before the data; chip stocks plunged after Broadcom’s revenue missed expectations and failed to raise its AI outlook, disappointing investors.
5 June 2026
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Micron shares tumble as $94 billion loss hits AI memory trade

Micron shares tumble as $94 billion loss hits AI memory trade

Micron plunged 7.7% Thursday, erasing $94.24 billion in market value as Broadcom’s weak revenue and flat AI forecast triggered a chip selloff; investors now question if AI memory demand justifies Micron’s trillion-dollar valuation after a tenfold stock surge, with risks rising that memory prices could peak in mid-2026 and fall in 2027, according to analysts.
5 June 2026
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ASML Trading Close to €1,500 After New Wall Street Backing

ASML Trading Close to €1,500 After New Wall Street Backing

ASML shares surged near €1,500 in Amsterdam after BofA and Barclays raised price targets, citing strong EUV tool demand and increased visibility from major chipmakers like TSMC, which confirmed ongoing AI-driven supply constraints; both brokerages warned that China export restrictions and weaker chip spending remain key risks.
4 June 2026
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Stock Market Today

  • Three Key Forces Behind Last Week's Sharp Stock Market Volatility
    June 6, 2026, 1:11 PM EDT. Last week, the stock market experienced extreme volatility driven by disappointing tech earnings, a strong jobs report, and rising bond yields. Broadcom, Palo Alto Networks, and CrowdStrike all missed high earnings expectations, triggering sharp declines in their shares, despite positive signs of AI-related growth. A robust U.S. jobs report dashed hopes for an interest rate cut, pushing the 10-year Treasury yield above 4.5%, intensifying the sell-off. The S&P 500 and Nasdaq plunged 2.6% and 4.2% respectively on Friday, erasing earlier record highs and ending the S&P 500's nine-week winning streak. Investors rotated out of tech stocks into healthcare and financials, with Eli Lilly and Wells Fargo posting weekly gains. Broadcom was the worst performer, down 13.7%, reflecting investor caution amid uncertain chip sector revenue forecasts.

Latest articles

Disney Stock Holds Near $100 With Summer Trade in Focus

Disney Stock Holds Near $100 With Summer Trade in Focus

6 June 2026
Disney shares closed at $99.71, up 0.37% Friday but down 2.1% for the week, as Rosenblatt hiked its price target to $126 from $120 on the profit outlook for Disney’s 2026 movie slate, even as a strong jobs report sent the S&P 500 tumbling 2.64% and investors weighed risks from rising costs and mixed park attendance.
Goldman Sachs Drops $53, Next Week Shaping Up Risky

Goldman Sachs Drops $53, Next Week Shaping Up Risky

6 June 2026
Goldman Sachs plunged 4.9% to $1,038.68 Friday—its sharpest drop among peers—after a hot U.S. jobs report revived rate hike fears, putting pressure on capital markets just as Goldman leads the high-stakes SpaceX IPO next week, with its valuation and deal appetite at risk if inflation data disappoints.
Accenture Stock Trades in Big Swings, Investors Eye June 18 Decision

Accenture Stock Trades in Big Swings, Investors Eye June 18 Decision

6 June 2026
Accenture shares slid 4.7% this week to $178.25 as investors await June 18’s Q3 results, with focus on bookings and AI demand after record $22.1 billion Q2 bookings and raised 2026 growth outlook; volatility followed sector-wide tech selloff on Fed rate fears and concerns that AI could cut consulting revenue faster than it creates new business.
Energy Transfer Streak Ends; Next Week in Focus

Energy Transfer Streak Ends; Next Week in Focus

6 June 2026
Energy Transfer fell 1.17% to $19.39, snapping a four-day winning streak as U.S. stocks and oil prices dropped sharply, but still gained 1.1% for the week; investors now face uncertainty over CEO succession, commodity price swings, and project spending, with Monday’s session set to test whether Friday’s decline signals a broader turn for midstream energy stocks.
Philippine Airlines adds ex-Malaysia Airlines boss to board as A350 ramp picks up

Philippine Airlines adds ex-Malaysia Airlines boss to board as A350 ramp picks up

6 June 2026
Philippine Airlines appointed ex-Malaysia Aviation Group chief Izham Ismail and former Shell Philippines chair Edgar Chua as independent directors as it expands long-haul routes with new Airbus A350-1000s; the move comes amid rising operating costs, margin pressures, and uncertainty over aircraft deliveries, even as 2025 net income rose 6.1% to $160.4 million on $3.22 billion revenue.
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