Today: 7 June 2026
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Technology 5 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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Stock Market Today

  • Bank of America Revises Nvidia Stock Forecast After CFO Meeting
    June 7, 2026, 9:05 AM EDT. Bank of America analysts updated their Nvidia (NVDA) stock outlook following a meeting with CFO Colette Kress at its Global Technology Conference. The firm highlighted Nvidia's expanding AI infrastructure opportunities and product innovations like the Vera Rubin AI platform and RTX Spark superchip. Despite Nvidia's stock falling 6.2% on June 5, 2026, amid a broad sell-off in semiconductor shares triggered by stronger job reports and fears of delayed Federal Reserve rate cuts, BofA reaffirmed its bullish stance, assigning a $350 price target. Other Wall Street price targets range from $280 to $350. Nvidia remains a key player in GPUs and AI, with a diversified approach positioning it for sustained growth.

Latest articles

American Airlines Stock Bounced. Fuel Costs May Drive the Next Move

American Airlines Stock Bounced. Fuel Costs May Drive the Next Move

7 June 2026
American Airlines shares rebounded 1.5% Friday to $13.50 despite a 7.8% weekly drop and surging jet fuel costs, as investors weighed whether fare hikes and premium demand can offset profit hits from temporary route cuts and a $4 billion fuel expense, with the stock’s next move hinging on fuel prices, fare power and margin risks.
Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 07.06.2026

7 June 2026
LIVEMarkets rolling coverageStarted: June 7, 2026, 4:00 AM EDTUpdated: June 7, 2026, 9:16 AM EDT Bank of America Revises Nvidia Stock Forecast After CFO Meeting June 7, 2026, 9:05 AM EDT. Bank of America analysts updated their Nvidia (NVDA) stock outlook following a meeting with CFO Colette Kress at its Global Technology Conference. The firm highlighted Nvidia’s expanding AI infrastructure opportunities and product innovations like the Vera Rubin AI platform and RTX Spark superchip. Despite Nvidia’s stock falling 6.2% on June 5, 2026, amid a broad sell-off in semiconductor shares triggered by stronger job reports and fears of delayed Federal
UiPath Stock Set for Inflation Test After Swings in AI-Driven Trading

UiPath Stock Set for Inflation Test After Swings in AI-Driven Trading

7 June 2026
UiPath shares fell 3.68% to $11.24 Friday, wiping out Monday’s 11.77% rally despite reporting 17% revenue growth and its first-ever first-quarter GAAP profit, as a broader tech selloff and persistent analyst “Hold” ratings outweighed strong guidance and new customer wins.
Caterpillar flat at end of strong week, inflation on radar

Caterpillar flat at end of strong week, inflation on radar

7 June 2026
Caterpillar tumbled 3.85% Friday to $904.28 after hitting a 52-week high, as a strong jobs report sent Treasury yields soaring and triggered a broad market selloff; despite the drop, Caterpillar remains up 3.2% for the week, with investors now weighing its record backlog and first-quarter growth against rising rate risks and a more cautious market.
Nuclear decision gives Constellation boost, but CEG stock slides

Nuclear decision gives Constellation boost, but CEG stock slides

7 June 2026
Constellation Energy shares closed at $254.83, down 3.7% and 11% below the $287.75 price in last week’s prospectus, after a shareholder offering and despite a regulatory win for its Three Mile Island restart plan; investors now face a weekend to digest new stock supply, rate worries, and nuclear project risks before Monday’s open.
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