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Technology 18 June 2026 - 20 June 2026
Microsoft shares ended Thursday at $379.40, down 2.9% since June 12, underperforming both the S&P 500 and Nasdaq, which gained 0.93% and 2.43% respectively for the week. Investors are awaiting Micron’s earnings and new U.S. inflation data next week, both seen as tests for the AI spending narrative. Shopify’s Toronto-listed shares dropped 1.1% to C$152.06, while its Nasdaq shares closed at $108.85 after a midweek slump, with little movement for the shortened U.S. week. Micron rose 8.7% to $1,133.99, up about 15.5% from last Friday, ahead of its fiscal third-quarter results due Wednesday. Snap fell for a third straight session, closing at $4.66, down 1.69%. Keel gained 5.36% to $6.29 in the U.S. and 17.19% to CA$10.36 in Toronto after raising $458 million through convertible notes, boosting its funding. NuScale Power climbed 13.54% to $11.74, with Paragon set to finish design work for its reactor systems, though NuScale reported only $565,000 in first-quarter revenue and faces development risk. Amazon recovered to $244.39, up 2.4% for the week, matching the Nasdaq’s gain, with Prime Day and second-quarter results upcoming. Ondas rose 1.64% to $9.27 after announcing a $125 million acquisition of Cyberhawk, mostly in cash, with the deal expected to close in the third quarter. The Nasdaq jumped 1.9% Thursday, led by chip stocks and optimism over a U.S.-Iran deal, capping a week that included a Fed-driven selloff. Kioxia surged 12.07% in Tokyo, contributing to a strong week for Japan’s Nikkei index. ASML slipped 0.6% to €1,666.00 after clarifying it did not ship EUV machines or parts to China, responding to U.S. concerns and impacting its AI-driven momentum.