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Technology 11 June 2026 - 12 June 2026

Marvell shares climb 11% with S&P 500 move, CFO swap and AI helping MRVL grab attention

Marvell gives up ground premarket after 11% jump, S&P 500 inclusion and CFO move keep AI narrative in play

Marvell Technology stock slipped early Friday, changing hands at $275.86 in premarket, off 1.73%. The shares had jumped 11.13% to $280.71 Thursday. After that surge, some investors questioned if the AI chipmaker can keep the pace or if the rally has gone too far. Marvell was trading at about a 96 P/E, according to Google Finance’s latest figures after Thursday’s move.
AST SpaceMobile Stock Jumps Before June 17 BlueBird Launch as SpaceX IPO Tests Space Trade

AST SpaceMobile Stock Jumps Before June 17 BlueBird Launch as SpaceX IPO Tests Space Trade

AST SpaceMobile stock is back in focus after a sharp rebound ahead of Friday’s expected SpaceX market debut and the company’s next satellite launch. ASTS closed Thursday at $97.56, up 11.73%, according to market data, reversing part of a volatile stretch that included a 3.6% drop on Tuesday after an early rally faded. The move matters because investors are treating AST not just as a telecom stock, but as a direct-to-device satellite broadband play, a business model in which satellites connect directly to ordinary smartphones without a special handset or satellite terminal.
SpaceX lands $75 billion IPO at $135 a share

SpaceX lands $75 billion IPO at $135 a share

Space Exploration Technologies Corp. will start trading on Friday after pricing its IPO at $135 a share. The company sold 555,555,555 shares in the offering. Shares are set to begin trading June 12 on the Nasdaq Global Select Market and Nasdaq Texas under the ticker “SPCX.” The deal should close June 15, pending usual conditions. Underwriters have a 30-day option to pick up as many as 83,333,333 more Class A shares.
Intel Shares Face Early Test After Google-Driven Spike

Intel Shares Surge 9% After BofA Double Upgrade on AI Chip Momentum

Intel Corporation shares jumped Thursday, as analysts showed more confidence in the chipmaker’s AI and foundry plans. INTC had one of its best days with the semiconductor sector rallying. The stock, which trades on the Nasdaq, ended at $116.96, gaining $9.92, or 9.27%, after swinging from $110.51 to $119.44 during the day. In premarket hours early Friday, shares slipped to $116.60.
Nvidia, Broadcom, Applied Materials, Intel, Oracle lead AI infrastructure stocks

Nvidia, Broadcom, Applied Materials, Intel, Oracle lead AI infrastructure stocks

AI infrastructure spending sets new theme for growth buy lists Growth investors are shifting to names that stand to profit as AI moves from buzz to hardware. Reuters, citing data published Wednesday, reports the AI rally has sent equities to highs, and Morgan Stanley now sees $3 trillion in big tech spending on global data centers from 2025 to 2028, with $800 billion for hyperscaler capex just in 2026. Latest large-cap names in focus: Nvidia, Broadcom, Applied Materials, Intel, Oracle.
Dow Gains as Nasdaq Lifts Techs, Iran Fears Fade After Close

Dow Gains as Nasdaq Lifts Techs, Iran Fears Fade After Close

Stocks in the U.S. surged late Thursday, with major indexes clawing back ground lost in Wednesday’s selloff. Investors bought technology shares, while falling oil prices eased worries about Middle East tensions. The S&P 500 jumped 1.75% to finish at 7,394.30. The Dow Jones Industrial Average gained 1.86% to close at 50,848.38. Nasdaq Composite led, climbing 2.54% to 25,809.66.
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