Technology 16 June 2026 - 18 June 2026

Nokia shares in Helsinki edged up 0.29% to €12.04, while its U.S.-listed ADRs fell for a second session, closing at $13.83, down 1.07%. The company remains in focus for its AI infrastructure initiatives and plans to expand in the U.S. In the U.S., the Transportation Department closed its investigation into Delta Air Lines regarding the 2024 CrowdStrike outage, removing a regulatory risk for Delta and reflecting a broader regulatory rollback. Arm surged 5.69% to $418.88 after Bernstein raised its price target to $500, citing strong performance. Coherent shares declined despite U.S. funding for its Texas plant, with concerns about valuation, supply, and the pace of AI data center build-outs. Vertiv jumped about 7%, outperforming the broader market, as attention shifted to valuation after a strong run in AI-infrastructure stocks. Coupang rose 8.3% to $19.53, despite planning to book $410 million in Korean privacy fines and seeking judicial relief. ASML gained 4.10% in Amsterdam and 6.4% in the U.S. after Citi’s bullish outlook on AI-driven wafer-fab equipment spending, though risks from China export controls and delivery delays remain. Applied Materials climbed 6.7% to $606.53, with Citi raising its price target to $710, citing AI-led demand for chip equipment. Micron rose 3.3% to $1,054.62, approaching a $1.2 trillion market cap, as analysts raised targets on strong AI memory chip demand ahead of its June 24 earnings. Eos Energy advanced 11.7% after signing a supply framework in Germany and starting commercial production at a new battery line, though a financing overhang persists. Robinhood jumped 11% to $107.30 as it announced plans to lay off 10% of staff and take $28 million in restructuring charges, while the SEC considers allowing tokenized stock trading.