Technology 3 June 2026

Micron Drops as AI Memory Stocks Take a Hit

Micron Technology plunged 8.3% to $989.46 after a chip-sector selloff triggered by Broadcom’s revenue miss, but analysts say the memory-chip shortage could last years, with Morgan Stanley raising its target to $1,050; risks remain as Raymond James warns DRAM and NAND prices may peak mid-2026, and supply chain groups caution AI data centers are straining chip availability.

4 June 2026

Artificial Intelligence·NASDAQ:AMD·NASDAQ:AVGO·NASDAQ:MU·NASDAQ:WDC·Stock Market·Technology

Ciena Corporation Stock Faces $416 Reality Check as AI Network Push Heads to Brazil

Ciena shares fall after strong results, AI trade takes a hit

Ciena shares plunged 9.5% premarket to $561.51 despite beating Q2 revenue and profit estimates and raising full-year guidance, as investors—already pricing in an AI-driven boom—found the outlook insufficient; two customers made up 34% of revenue, highlighting risk from concentrated orders and volatile AI-linked demand.

4 June 2026

Artificial Intelligence·Earnings Reports·NASDAQ:CIEN·Stock Market·Technology

Archer Aviation stock moves up as investors watch for 2026 air-taxi test

Archer Aviation Drops Pre-Market With Cash Burn In Focus

Archer Aviation shares slid 3.3% pre-market to $6.53 as investors weighed heavy quarterly losses and rising cash needs for certification, testing, and manufacturing, despite progress on FAA milestones; the company warned it may need more capital on poor terms if costs rise or development delays, leaving the stock exposed to regulatory and financial risks.

4 June 2026

NYSE:ACHR·NYSE:JOBY·Stock Market·Technology

Alphabet Stock Eyes AI Raise as Google Parent Increases Target to $84.75 Billion

Alphabet shares slipped about 0.7% pre-market as investors reacted to its $84.75 billion equity raise to fund massive AI infrastructure spending, with the common-stock offering set to close today and a $10 billion Berkshire Hathaway investment anchoring the deal; 2026 capital expenditures are forecast at $180–$190 billion, with stock dilution and AI demand key risks.

4 June 2026

Artificial Intelligence·NASDAQ:GOOGL·Stock Market·Technology

IREN Up Early as 800MW AI Campus in Australia Heats Up Power Race

IREN Stock Moves Early as Market Reacts to Australia AI Data-Center Push

IREN Ltd. shares dropped 5.8% in extended trading to $61.66 after announcing an 800MW Australian data-center campus, despite a $3.65B GPU financing deal and major contracts with Microsoft and Nvidia; Q3 revenue fell to $144.8M with a $247.8M net loss, as investors weigh growth ambitions against execution, bitcoin prices, and project risks.

4 June 2026

Artificial Intelligence·Data Centers·NASDAQ:IREN·Stock Market·Technology

Sandisk Stock Warning: The $1,150 SNDK Offer Investors Are Being Told to Reject

SanDisk’s Rally Pauses as AI Chip Names Hit Resistance

SanDisk shares plunged 5.7% premarket to $1,727.22 after a record close, as a selloff in AI chip stocks hit sentiment despite surging 672% year-to-date and reporting 97% sequential revenue growth; investors now weigh memory-chip shortage gains against risks of “chipflation,” customer pushback, and policy pressure, with Wall Street watching for updates at the June 9 Mizuho Technology Conference.

4 June 2026

Artificial Intelligence·NASDAQ:AVGO·NASDAQ:MU·NASDAQ:WDC·Semiconductors·Stock Market·Technology

Rigetti Computing Stock Jumps Before RGTI Earnings as Quantum Revenue Test Hits Tonight

Rigetti Shares Fall Premarket With Fresh Nasdaq Test for Quantum

Rigetti Computing shares dropped 10.4% to $24.10 in pre-market trading as investors brace for Quantinuum’s $1.68 billion Nasdaq IPO, signaling a sector-wide markdown in quantum stocks driven by competitive pressure, funding uncertainty, and continued operating losses despite recent government R&D agreements and strong investor appetite for quantum assets.

4 June 2026

Nasdaq·NASDAQ:IONQ·NASDAQ:QNT·NASDAQ:RGTI·Quantum Computing·Stock Market·Technology

BlackBerry’s QNX AI Push Heads Into Fresh Test

BlackBerry executives declared the company’s turnaround “complete” and QNX a “growth engine” at Baird’s investor event, but U.S.-listed shares slipped to $10.18, down 15 cents, as investors await June 25 fiscal Q1 results to see if QNX’s momentum and recent record revenue translate into continued gains amid broader market weakness.

4 June 2026

Artificial Intelligence·NYSE:BB·Stock Market·Technology·TSX:BB

Navitas Stock Gets Boost from Nvidia But Risks Remain for Traders

Navitas surged 19.3% to $30.84 after announcing its 800 VDC power board is featured in NVIDIA’s MGX AI infrastructure, but shares dropped 7.25% after hours as investors weighed technical validation against weak revenue and stiff competition, with analysts warning the stock trades far above target prices despite ongoing losses.

4 June 2026

NASDAQ:NVTS·Semiconductors·Stock Market·Technology

Marvell Shares Set New High With Nvidia Surge Lifting Chip Suppliers

Marvell soared to a record $301.65 close after Nvidia CEO Jensen Huang called it the next “trillion-dollar company,” fueling an AI-led rally as investors reprice Marvell for its data-center networking and custom chip growth; record Q1 revenue and raised forecasts add momentum, but Morningstar warns the stock now trades well above its $235 fair value estimate with “High” uncertainty.

4 June 2026

Artificial Intelligence·NASDAQ:MRVL·Stock Market·Technology

Intel shares snap losing streak as Wall Street eyes CPU rebound

Intel soared 4.43% to $112.71, snapping a five-day losing streak, after unveiling new Xeon 6+ CPUs and rack-scale AI infrastructure at Computex, positioning CPUs as central to AI buildouts and sparking renewed investor interest despite ongoing risks from rivals and rising chip costs.

4 June 2026

NASDAQ:AMD·NASDAQ:INTC·NASDAQ:NVDA·Semiconductors·Stock Market·Technology

Netskope Shares Fall After Earnings Beat

Netskope shares plunged nearly 20% after hours to $9.96 as investors focused on negative free cash flow of $57.2 million and slowing net new ARR, despite 28% revenue growth and a raised 2027 forecast, leaving the stock well below its $19 IPO price and highlighting concerns over sales execution and cash generation.

4 June 2026

Earnings Reports·NASDAQ:NETS·Stock Market·Technology

Nokia shares jump as traders pile in on AI play

Nokia shares surged 2.39% to 14.805 euros, extending a three-day gain to 18.5% as investors chased its AI growth story; Nordea hiked its target to 15.7 euros, far above the analyst consensus of 9.815 euros, while recent gains follow a 54% jump in Q1 operating profit and a $1 billion Nvidia stake.

4 June 2026

Artificial Intelligence·NYSE:NOK·Stock Market·Technology

AT&T Shares Fall After SpaceX Signals, Wall Street Looks Hard at Fiber Plans

AT&T shares plunged 4.4% to $23.55 after Oppenheimer downgraded the stock and removed its $32 price target, warning that SpaceX’s Starlink could threaten AT&T’s broadband and mobile growth as it expands, sparking sector-wide declines for Verizon and T-Mobile despite AT&T’s new fiber offerings and ongoing $250 billion network investment.

3 June 2026

NYSE:T·Stock Market·Technology

CrowdStrike Tops Forecasts but Shares Drop as AI Expenses Gain Attention

CrowdStrike shares plunged about 8% after hours as investors overlooked strong revenue and raised guidance to focus on rising AI and product development costs, with first-quarter operating expenses jumping to $1.07 billion from $934.3 million a year earlier, despite a four-for-one stock split and record cash flow.

3 June 2026

Artificial Intelligence·Earnings Reports·NASDAQ:CRWD·Stock Market·Technology

Meta Jumps After Zuckerberg Puts AI Agent at Center of $145 Billion Gamble

Meta shares jumped 4.2% to $622.80 after unveiling an AI business agent for WhatsApp, Messenger, and Instagram, signaling potential new paid products as Meta ramps up AI spending to $125–$145 billion for 2026; investors await evidence these tools can generate real revenue before costs climb further.

3 June 2026

Artificial Intelligence·NASDAQ:META·Stock Market·Technology

Sandisk Hits Record High on AI Memory Demand

Sandisk soared 8% to a record $1,861.00 as investors piled into AI storage stocks despite a falling market, after Morgan Stanley warned surging memory prices are spreading beyond data centers and Sandisk reported Q3 revenue up 97% with data-center sales up 233%, forecasting up to $8.25 billion Q4 revenue and $33 per share earnings.

3 June 2026

Artificial Intelligence·NASDAQ:SNDK·Stock Market·Technology

Grab Shares Slide After Q1 Beat, Investors Eye Market Headwinds

Grab shares slid 5.7% to $3.395 in heavy Nasdaq trading, underperforming after strong Q1 results with revenue up 24% and adjusted EBITDA up 46%, as investors worried about rising fuel costs, Indonesia’s planned commission cap, and broader market weakness driven by Middle East tensions and higher oil prices.

3 June 2026

NASDAQ:GRAB·Stock Market·Technology

AT&T Shares Drop After SpaceX Starlink News Hits Wall Street

AT&T plunged 3.7% after Oppenheimer downgraded the stock, warning that SpaceX’s Starlink could threaten AT&T’s broadband and wireless growth, putting its cash-flow-driven investment case at risk as satellite competition intensifies and the firm removed its $32 price target.

3 June 2026

NYSE:T·Space Industry·Stock Market·Technology

Intuitive Machines Drops on $500 Million Share Sale Announcement

Intuitive Machines shares plunged 15.6% after announcing an at-the-market stock sale program of up to $500 million, raising dilution concerns as the company seeks flexible funding for growth; the move pressured the stock to $33.41 on heavy volume, with investors wary of supply overhang amid a hot space sector and upcoming SpaceX IPO.

3 June 2026

NASDAQ:LUNR·Space Industry·Stock Market·Technology

Technology 3 June 2026 - 4 June 2026

Micron Drops as AI Memory Stocks Take a Hit

Ciena shares fall after strong results, AI trade takes a hit

Archer Aviation Drops Pre-Market With Cash Burn In Focus

Alphabet Stock Eyes AI Raise as Google Parent Increases Target to $84.75 Billion

IREN Stock Moves Early as Market Reacts to Australia AI Data-Center Push

SanDisk’s Rally Pauses as AI Chip Names Hit Resistance

Rigetti Shares Fall Premarket With Fresh Nasdaq Test for Quantum

BlackBerry’s QNX AI Push Heads Into Fresh Test

Navitas Stock Gets Boost from Nvidia But Risks Remain for Traders

Marvell Shares Set New High With Nvidia Surge Lifting Chip Suppliers

Intel shares snap losing streak as Wall Street eyes CPU rebound

Netskope Shares Fall After Earnings Beat

Nokia shares jump as traders pile in on AI play

AT&T Shares Fall After SpaceX Signals, Wall Street Looks Hard at Fiber Plans

CrowdStrike Tops Forecasts but Shares Drop as AI Expenses Gain Attention

Meta Jumps After Zuckerberg Puts AI Agent at Center of $145 Billion Gamble

Sandisk Hits Record High on AI Memory Demand

Grab Shares Slide After Q1 Beat, Investors Eye Market Headwinds

AT&T Shares Drop After SpaceX Starlink News Hits Wall Street

Intuitive Machines Drops on $500 Million Share Sale Announcement

Stock Market Updates

Broadcom shares jump on OpenAI move, margin outlook still in focus for AVGO

Western Digital falls after AI-storage rally, investors look to Micron

BlackBerry falls with volume outpacing buyback plan ahead of earnings

Opendoor edges up before Russell 3000 move, soft housing numbers weigh

Oracle (NYSE:ORCL) stock slips as AI spending outpaces cloud infra sales

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