Today: 24 June 2026
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Technology 9 June 2026 - 10 June 2026

Super Micro sinks after $7B AI server plan; dilution a risk

Super Micro sinks after $7B AI server plan; dilution a risk

Super Micro Computer plans to raise $7 billion through equity and equity-linked financing to fund soaring AI server orders, sending shares down about 9% in after-hours trading as investors focused on dilution risk; the company reported $39 billion in recent AI server orders, but noted these are not firm commitments and cited ongoing legal and regulatory risks.
10 June 2026
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Intel Stock’s Google-Fueled Rally Just Hit a Wall as AI Chip Bets Face a Reality Check

Intel Stock’s Google-Fueled Rally Just Hit a Wall as AI Chip Bets Face a Reality Check

Intel shares plunged 4.6% to $105.25 after Monday’s Google-fueled rally, as investors took profits and chip stocks broadly sold off; the drop highlights that Intel’s valuation now hinges on its ability to secure major foundry customers like Google, but the reported order remains unverified and sector-wide momentum is fading.
9 June 2026
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Chip Selloff Trips Up Wall Street’s AI Rally

Chip Selloff Trips Up Wall Street’s AI Rally

Nasdaq and S&P 500 tumbled midday, erasing early chip-stock gains as tech shares slid; Philadelphia Semiconductor Index dropped 2% after jumping 3%, with Broadcom, Micron, and Nvidia under pressure. Investors await key inflation data Wednesday and SpaceX’s massive IPO, both seen as catalysts for further volatility amid concerns that high valuations in AI and tech could face profit-taking if rate fears persist.
9 June 2026
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Nintendo and Sanrio Stocks Get New AI Boost

Nintendo and Sanrio Stocks Get New AI Boost

Nintendo hikes Switch 2 prices in Japan and the US, citing higher memory costs and tariffs expected to add 100 billion yen to annual expenses; investors now question whether Japan’s top entertainment brands like Nintendo and Sanrio can maintain valuations as AI-driven capital shifts toward chips and automation, pressuring stock selection even as the Nikkei rebounds 2.17% after Monday’s sharp drop.
9 June 2026
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Cerebras Jumps Again After Wall Street Calls Its AI Chip a Rival for Nvidia

Cerebras Jumps Again After Wall Street Calls Its AI Chip a Rival for Nvidia

Cerebras Systems surged 18.32% Monday and jumped another 3.66% premarket to $246.53 after at least nine Wall Street banks launched bullish coverage, spotlighting the AI-chip maker’s rapid rise as a public-market test for AI hardware demand beyond Nvidia, with investor focus on its massive OpenAI deal and AWS partnership—but risks loom if OpenAI demand shifts or rivals defend their turf.
9 June 2026
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Marvell Joins S&P 500 But AI Chip Gains Come With a Twist

Marvell Joins S&P 500 But AI Chip Gains Come With a Twist

Marvell Technology surged 9.6% to $288.85 after being picked for the S&P 500, extending a 59% rally since May 27, as passive funds prepare to buy shares before its June 22 entry; the move follows record revenue, strong AI bookings, and Nvidia’s $2 billion investment, but risks remain after a recent sector selloff and warnings of overbought conditions.
9 June 2026
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Stock Market Today

  • On the Beach Group Shares See Slight Fair Value Revision Amid Analyst Target Adjustments
    June 24, 2026, 4:26 PM EDT. Price targets for On the Beach Group (LSE:OTB) have seen a modest downward revision, with fair value estimates moving from £2.75 to £2.73 per share. Analyst target prices now range between 280 GBp and 314 GBp, down from 305 GBp to 345 GBp, reflecting more cautious growth and execution assumptions. Despite the reductions, RBC Capital, Berenberg, and Deutsche Bank maintain positive ratings, indicating ongoing confidence in the company's long-term potential. The narrowing of target price estimates suggests analysts are tightening expectations around execution risks and growth pace. Key valuation inputs such as revenue growth, profit margins, and discount rates were adjusted marginally. Investors are advised to monitor these developments through watchlists and community insights.
Dow climbs but S&P 500 and Nasdaq dip after tech weakens

Dow climbs but S&P 500 and Nasdaq dip after tech weakens

24 June 2026
Micron’s after-hours earnings, expected to show profit growth over 1,000% and revenue up 285%, became Wall Street’s top focus as tech stocks faded and analysts warned the stock is “priced for perfection,” leaving no room for disappointment, with AI spending and PCE inflation data keeping rate risks in play.
Dow ends higher; Nasdaq drifts as AI stocks slip, oil falls

Dow ends higher; Nasdaq drifts as AI stocks slip, oil falls

24 June 2026
Dow outperformed as tech stocks slumped and airlines soared on falling oil prices; investors await Micron earnings and Thursday’s PCE inflation report, with a weak Micron result seen as a risk for Nasdaq and S&P 500 after recent semiconductor selloffs.
Absci rises on Phase 1 ABS-201 update and $100 million raise

Absci rises on Phase 1 ABS-201 update and $100 million raise

24 June 2026
Absci shares soared 35% to $10.01 after early safety data showed its experimental hair-loss antibody ABS-201 was well tolerated in Phase 1, with no serious adverse events, and the company raised $100 million in a stock offering to fund further trials; interim proof-of-concept efficacy data are expected in the second half of 2026.
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