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Technology 20 June 2026 - 21 June 2026
Micron shares closed at $1,133.99, up 8.7% ahead of its June 24 fiscal third-quarter report, which is being watched as a test of the AI-driven chip rally’s earnings support. CoreWeave will join the Nasdaq-100 before Monday’s open, with its shares up 17.3% over the last five days. Super Micro rose 10.37% to $30.66 after a volatile week, with traders watching if a $7 billion equity-linked deal will drive further moves. Amazon gained 2.9% to $244.39, with Prime Day set for June 23-26 to provide insight into consumer demand. Grab shares climbed 3.48% to $3.57, outperforming the Nasdaq Composite for the week. Apple ended just under $300, lifted by a tech rebound, as investors weigh if higher device prices can sustain margins. Trump’s disclosures showed $220 million to $750 million in transactions, including large Nvidia, Apple, and S&P 500 index fund purchases, and family holdings in Trump Media and American Bitcoin. Congressional filings revealed a spouse’s stakes of $5 million to $25 million each in Alphabet, Amazon, Apple, Broadcom, Microsoft, Nvidia, Salesforce, and Visa, plus options exercised in several tech giants. Intel closed at $133.99, up 10.64%, as Trump claimed Apple agreed to work with Intel on U.S. chip design, though details were unconfirmed. Marvell rose 7.27% to $310.58 and will join the S&P 500, with optical networking stocks in focus after a KeyBanc upgrade. ARK Investment bought $52 million of Snowflake after it raised its outlook and announced a $6 billion AWS deal. The Nasdaq rose 2.4% for the week, outpacing the S&P 500’s 0.9% gain, with upcoming reports from Micron and new inflation and GDP data expected.