Today: 7 June 2026
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Technology 1 January 2026 - 2 January 2026

IREN stock back in focus as big funds build stakes ahead of Microsoft AI rollout

IREN stock back in focus as big funds build stakes ahead of Microsoft AI rollout

Institutional investors have increased stakes in IREN after its $9.7 billion, five-year AI cloud contract with Microsoft, requiring major new data center capacity in Texas. Shares traded at $37.77, down 1.3% premarket Friday. Goldman Sachs began coverage with a Neutral rating and $39 price target. IREN still relies mainly on crypto mining revenue as it shifts to AI services.
Google stock’s best year since 2009 sets up a tougher 2026 test for Alphabet’s AI spending

Google stock’s best year since 2009 sets up a tougher 2026 test for Alphabet’s AI spending

Alphabet shares surged 65% in 2025, their best year since 2009, driven by investor interest in AI. Wall Street expects 2026 earnings growth to slow to 6% as capital spending rises nearly 29% to $114.3 billion. Google Cloud remains a key focus, with $155 billion in backlog and 33.5% revenue growth in Q3. Alphabet’s class A shares were down 0.3% at $313 Friday morning.
NIO posts record December deliveries as CEO says 1 millionth vehicle is days away

NIO posts record December deliveries as CEO says 1 millionth vehicle is days away

NIO delivered a record 48,135 vehicles in December 2025, up 54.6% from a year earlier, bringing full-year deliveries to 326,028 and cumulative deliveries to 997,592. The company’s main NIO brand saw a yearly decline, but new Onvo and Firefly models drove growth. CEO William Li said NIO will soon reach its one-millionth vehicle and plans over 1,000 new battery swap stations in 2026. BYD’s December sales dropped 18.3% year-on-year.
Rocket Lab (RKLB) stock rises in premarket as Space Force satellite deal stays in focus

Rocket Lab (RKLB) stock rises in premarket as Space Force satellite deal stays in focus

Rocket Lab shares rose 3.5% to $72.20 in premarket trading Friday after closing 2025 at $69.76. The move follows an $816 million contract awarded by the U.S. Space Development Agency for 18 satellites, with delivery expected in 2029. The deal is part of a $3.5 billion order split among Rocket Lab, Lockheed Martin, L3Harris, and Northrop Grumman.
ASML stock slips in premarket after Aletheia upgrade lifts target to $1,500

ASML stock slips in premarket after Aletheia upgrade lifts target to $1,500

ASML shares slipped 0.25% to $1,069.86 in U.S. premarket trading Friday despite an analyst upgrade to Buy and a price target hike to $1,500. Investors are watching China chip-tool rules and ASML’s Jan. 28 earnings for signals on 2026 demand. TSMC rose 1.4% premarket after a U.S. license for China equipment imports. The STOXX 600 gained 0.6% early Friday as European markets reopened.
Tencent stock jumps in Hong Kong on AI-fueled tech rally; buyback filing in focus

Tencent stock jumps in Hong Kong on AI-fueled tech rally; buyback filing in focus

Tencent shares rose 4.0% to HK$623.00 in Hong Kong after the company bought back 1.1 million shares for HK$635.5 million on Dec. 31. The rally followed renewed optimism in China’s AI sector and a broader tech surge. Traders are watching if U.S.-traded Tencent ADRs will mirror the move when New York trading resumes. Mainland China’s markets reopen Jan. 5.
Baidu stock in focus as Kunlunxin Hong Kong listing plan lands — and Jefferies lifts target

Baidu stock in focus as Kunlunxin Hong Kong listing plan lands — and Jefferies lifts target

Baidu filed a confidential application to list its AI chip unit Kunlunxin in Hong Kong as part of a planned spin-off. Baidu’s Hong Kong shares rose 7.5% to HK$141.30, while its U.S.-listed shares last closed at $130.66, down 1.3%. The company said the deal is not finalized and would require regulatory approvals. Investors await details on deal structure and potential impact on U.S. trading.
UiPath stock set for Jan. 2 open after CEO share sale, S&P MidCap 400 entry looms (PATH)

UiPath stock set for Jan. 2 open after CEO share sale, S&P MidCap 400 entry looms (PATH)

UiPath shares closed at $16.39, down 1.7% on Dec. 31, after CEO Daniel Dines sold 90,000 shares for about $1.5 million under a pre-set plan, a filing showed. The company is set to join the S&P MidCap 400 before Friday’s open, replacing Synovus Financial. Shares last traded at $16.34 after hours. U.S. markets were closed Thursday for New Year’s Day.
Oracle stock forecast 2026: AI spending scrutiny and new cloud challengers put ORCL in focus

Oracle stock forecast 2026: AI spending scrutiny and new cloud challengers put ORCL in focus

Brookfield is launching a cloud business to lease chips to AI developers, backed by a $10 billion fund, The Information reported. Oracle shares swung sharply in late 2025 as investors questioned its $15 billion increase in expected capital expenditures for fiscal 2026. SoftBank completed a $41 billion investment in OpenAI, which, with Oracle and others, is planning a multi-year data-center project called Stargate.
AMD Stock Forecast 2026: Wall Street Sees 32% Upside as CES Keynote Nears

AMD Stock Forecast 2026: Wall Street Sees 32% Upside as CES Keynote Nears

AMD began 2026 trading near $214, with Wall Street’s average 12-month price target at $282.82, implying a 32% upside. CEO Lisa Su will deliver the CES 2026 keynote on Jan. 5. The company plans to launch its MI400 AI chips in 2026 and expects data center chip revenue to reach $100 billion within five years. Investors are watching AI infrastructure spending and customer capital outlays.
Walmart stock forecast 2026: Analysts see modest upside for WMT as tech push meets a pricey valuation

Walmart stock forecast 2026: Analysts see modest upside for WMT as tech push meets a pricey valuation

Analysts set Walmart’s 12-month price target at an average $123.63, above its last close of $111.41, with a “Strong Buy” consensus, TipRanks data showed. Walmart raised its 2025 forecasts after online sales jumped 28% in the third quarter. The company moved its stock listing to Nasdaq in December and will see John Furner take over as CEO on Feb. 1.
Nvidia stock forecast 2026: China’s H200 chip rush sets up NVDA’s next big test

Nvidia stock forecast 2026: China’s H200 chip rush sets up NVDA’s next big test

Chinese tech firms have ordered over 2 million Nvidia H200 AI chips for 2026, far exceeding current stock, sources said. Nvidia has asked TSMC to boost production, but Beijing has not approved H200 imports. ByteDance may spend $14.3 billion on Nvidia chips if sales are allowed. U.S. authorities have granted TSMC, Samsung, and SK Hynix licenses to import chipmaking equipment to China for 2026.
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Stock Market Today

  • Fresnillo Shares Fall 6.22% Amid Sharp Gold and Silver Sell-Off
    June 7, 2026, 1:32 PM EDT. Fresnillo (LON: FRES), the world's largest silver producer, saw its shares plunge 6.22% on Friday following a steep drop in gold and silver prices triggered by an unexpectedly strong U.S. jobs report. The May non-farm payrolls data, showing 172,000 jobs added, doubled analysts' expectations and fueled fears of Federal Reserve interest rate hikes. Gold prices fell 3.3%, hitting lows not seen since early January, while silver dropped 8.2%, its lowest since late March. Rising rates boost the U.S. dollar and Treasury yields, increasing the opportunity cost of holding non-yielding metals. Fresnillo's decline outpaced peers due to its reliance on precious metals revenues. Production dips and geopolitical tensions also weighed on sentiment, with analysts warning of continued pressure on precious metals and Fresnillo shares.

Latest articles

NuScale Shares Fall, Nuclear Stocks in Focus for Monday

NuScale Shares Fall, Nuclear Stocks in Focus for Monday

7 June 2026
NuScale Power plunged 12.5% to $10.50 Friday amid a broad tech selloff, slipping further after hours, as investors weighed new board appointments against weak Q1 revenue of $565,000 and a $46.7 million net loss; with no new contracts announced, the stock faces pressure until concrete commercial progress emerges.
Rigetti Shares Drop Hard for the Week: What RGTI Eyes Next

Rigetti Shares Drop Hard for the Week: What RGTI Eyes Next

7 June 2026
Rigetti Computing plunged 14.4% Friday to $20.68, capping a 19% weekly drop as tech stocks tumbled after a strong U.S. jobs report fueled rate hike fears; with no fresh company events ahead and a key $100 million government funding letter still pending, RGTI faces continued macro-driven volatility and uncertainty over future funding and shareholder dilution.
Market Shock: $1.3 Trillion Chip Selloff Fuels New Bear Concerns

Market Shock: $1.3 Trillion Chip Selloff Fuels New Bear Concerns

7 June 2026
U.S. stocks tumbled Friday as a hot jobs report dashed hopes for easier Fed policy, wiping $1.3 trillion from chipmakers and sending the PHLX Semiconductor Index down 10.3%—its worst drop since March 2020—while the S&P 500 fell 2.64% and the Nasdaq lost 4.18%, raising fears that the AI-led rally may be cracking.
Bitcoin Holds $60,000 as Traders Watch for Next Move

Bitcoin Holds $60,000 as Traders Watch for Next Move

7 June 2026
Bitcoin steadied above $60,000 after a 17.3% weekly drop and record $1.72 billion in U.S. spot ETF outflows, raising pressure on the key support level as institutional buyers hesitate and leveraged liquidations surge; all eyes are on Monday’s U.S. fund flows and upcoming inflation data for the next move.
AI stocks rebound after sharp selloff, Wall Street weighs SpaceX effect

AI stocks rebound after sharp selloff, Wall Street weighs SpaceX effect

7 June 2026
U.S. stocks tumbled Friday, ending the S&P 500’s nine-week winning streak with tech stocks plunging 5.8% and U.S.-traded chipmakers losing $1.3 trillion in market value, as investors brace for May inflation data and SpaceX’s $75 billion IPO, both seen as key tests for the AI-driven rally ahead of the Fed’s policy meeting.
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