Today: 20 June 2026
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Technology 18 June 2026 - 20 June 2026

TSMC’s U.S. shares surged 6.9% Thursday, closing at $462.12, and gained 9% over the four-session week, while Nvidia rose 3% to $210.69, up 2.7% for the week. The PHLX Semiconductor Index climbed 7.3%. U.S. and Taiwan markets were closed Friday for Juneteenth. Microsoft ended Thursday at $379.40, down 2.9% since June 12, trailing the S&P 500’s 0.93% and Nasdaq’s 2.43% weekly gains. Micron’s earnings and new U.S. inflation data are expected next week. Shopify’s Toronto shares dropped 1.1% to C$152.06, while its U.S.-listed shares closed at $108.85, little changed after a midweek slump. Micron closed Thursday at $1,133.99, up 8.7% and 15.5% for the week, ahead of its fiscal Q3 results next Wednesday. Snap ended Thursday at $4.66, down 1.69% for a third straight decline. Keel gained 5.36% to $6.29 on Nasdaq and 17.19% in Toronto after selling $458 million in convertible notes for funding and debt repayment. NuScale Power rose 13.54% to $11.74, with Paragon set to finish design work for its reactor systems, but NuScale reported only $565,000 in Q1 revenue and faces development risk. Amazon closed at $244.39, up 2.4% for the week, with Prime Day and Q2 results ahead. Ondas rose 1.64% to $9.27 and is acquiring Cyberhawk for about $125 million, mostly in cash. The Nasdaq gained 1.9% Thursday, led by chip stocks and optimism over a U.S.-Iran deal. Kioxia jumped 12.07% to ¥108,600 in Tokyo, contributing to a strong Nikkei week. ASML slipped 0.6% to €1,666.00 after clarifying it did not ship EUV machines or parts to China. Marvell gained 7.27% to $310.58, with a target hike and a photonics milestone, and will join the S&P 500 on Monday. Accenture fell 17.97% to $127.98 after reporting $18.72 billion in revenue and $19.32 billion in bookings. Cisco rose 1.88% to $119.54, ending a losing streak. Wolfspeed jumped 17.91% to $57.41 after filing to register 24.07 million shares for resale. SpaceX fell 3.5% to $185 but remains 37% above its IPO price, with a $1.77 trillion valuation. Qnity Electronics climbed 7.2% to $168.07, and Entegris rose 13.6% amid a chip rally. The S&P 500, Nasdaq, and Dow all closed higher Thursday, with chip stocks bouncing after President Trump announced Apple and Intel will collaborate on U.S. chip design and manufacturing. Corning rebounded, driven by its AI data-center exposure.
Microsoft slips 2.9% this holiday-shortened week as traders question cloud capacity

Microsoft slips 2.9% this holiday-shortened week as traders question cloud capacity

Microsoft shares fell 2.9% to $379.40 this week, underperforming the S&P 500 and Nasdaq as investors rewarded AI chipmakers but not major buyers like Microsoft; a reported breakdown in cloud-capacity talks with Oracle and persistent supply constraints highlight execution risks ahead of key Micron earnings and U.S. inflation data next week.
19 June 2026
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Shopify trades lower in Toronto with Nasdaq shut, focus stays on AI move and buyback

Shopify trades lower in Toronto with Nasdaq shut, focus stays on AI move and buyback

Shopify’s Toronto shares slipped 1.1% to C$152.06 as investors weighed its $5 billion buyback and new AI tools against concerns over second-quarter growth and cash flow, with U.S. shares idle for Juneteenth after a volatile week marked by a sharp midweek drop and lingering questions about the impact of AI-driven commerce on costs and demand.
19 June 2026
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Keel Infrastructure Falls as Investors Eye $400 Million AI Data-Center Spend

Keel Infrastructure trades higher in Toronto with U.S. markets closed for Juneteenth

Keel Infrastructure’s Toronto shares soared 17.19% Friday after a $458 million convertible-note sale aimed at funding AI data-center projects, with U.S. shares last up 5.36% before the Juneteenth holiday; investors are watching for lease execution at key sites as losses, dilution risk, and construction delays remain concerns.
19 June 2026
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US stocks finish up as chip shares surge and oil falls

US stocks finish up as chip shares surge and oil falls

Semiconductor stocks surged, powering the Nasdaq up 1.48%, after President Trump announced Apple will partner with Intel on U.S. chip design and manufacturing, boosting Intel shares and the Philadelphia semiconductor index, while investors weighed Fed rate risks and lower oil prices ahead of the Juneteenth holiday market closure.
18 June 2026
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Stock Market Today

  • ENEOS Holdings Stock Seen Nearly 30% Undervalued After JX Advanced Metals Stake Sale
    June 20, 2026, 1:07 AM EDT. ENEOS Holdings (TSE:5020) reduced its stake in JX Advanced Metals from 42% to 35%, recording an estimated ¥86 billion one-time profit expected in fiscal 2027. Despite this gain, ENEOS maintained its consolidated earnings forecast, citing broader macroeconomic uncertainties. Shares traded at ¥1,264, below a fair value estimate of ¥1,800, suggesting a 29.8% undervaluation. The company's enhanced cash flows and asset sales may fund acquisitions to boost EBITDA and dividends. However, challenges include refinery reliability and weaker renewable segment margins. ENEOS's P/E ratio of 13.2x exceeds industry averages, indicating a premium priced by investors, making future profit performance pivotal for stock returns.

Latest articles

JBS shutdowns put pressure on U.S. beef as cattle prices rise

JBS shutdowns put pressure on U.S. beef as cattle prices rise

20 June 2026
JBS USA will close its Souderton, PA, and Memphis, TN, meat plants on August 14, cutting 1,693 jobs as tight cattle supplies drive negative U.S. beef margins; USDA data show beef prices up 14.8% year-over-year and forecast to rise another 12.1% in 2026, signaling ongoing cost pressure for packers and consumers.
TSMC Leads Nvidia in Short Week Chip Gains

TSMC Leads Nvidia in Short Week Chip Gains

20 June 2026
TSMC’s U.S.-listed shares soared 6.9% to $462.12, outpacing Nvidia’s 3.0% gain, as investors favored broad chip manufacturing exposure after an interim U.S.-Iran deal eased inflation fears and Taiwan’s central bank raised its 2026 economic-growth forecast to 9.45% on AI-driven semiconductor demand.
Intel Beats AMD for Week After Trump Comments on Apple Chips

Intel Beats AMD for Week After Trump Comments on Apple Chips

20 June 2026
Intel soared 10.6% to a record $133.99 after President Trump said Apple agreed to work with Intel on U.S. chip design and production, though neither company confirmed terms or details; analysts are split on the deal’s value, with Intel’s gains outpacing AMD’s 4.9% rise as the chip sector hit a record close.
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