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Technology 21 June 2026 - 23 June 2026
Dominion Energy traded near its 52-week high as investors watched its efforts to grow regulated earnings by serving Virginia’s data-center demand and awaited progress on a potential takeover by NextEra Energy. Micron Technology reached a record high after announcing a supply and investment deal with Anthropic, driven by artificial intelligence data center demand. Tesla shares rose while the Nasdaq declined, with the market focused on Tesla’s robotaxi strategy and speculation about closer links among Elon Musk’s companies. Snap closed at $4.63, about 19% below its June 15 level, as investors weighed the company’s capital discipline, AR spending, ad growth, debt management, and buybacks, with $400 million in buyback capacity remaining. UiPath traded down 1.2% ahead of its annual meeting, with investors watching recurring-contract growth and noting the company’s available buyback resources. Applied Optoelectronics climbed 7.8%, supported by news that its China unit doubled a credit line to RMB 500 million, signaling a manufacturing ramp. Broadcom fell despite JPMorgan disputing reports of issues with its Google TPU roadmap, with the main risk now being whether Broadcom can secure full AI racks, networking gear, and financing at scale. TSMC’s U.S.-listed shares outperformed tech and chip ETFs, with June sales as a key catalyst and risks tied to AI capacity spending. MARA jumped 12.8%, outperforming bitcoin and peers, as bitcoin ETF flows remained soft and operating leverage was in focus. SK Hynix surpassed Samsung Electronics in market cap for the first time since 2000, driven by high-bandwidth memory demand in the AI supply chain.