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Technology 4 June 2026 - 5 June 2026

Micron shares tumble as $94 billion loss hits AI memory trade

Micron shares tumble as $94 billion loss hits AI memory trade

Micron Technology slipped again in Friday’s premarket after a rough session. The memory-chip name, one of the top plays in the artificial-intelligence rally, slumped sharply Thursday. The last available price for Micron was $996, off about $81 from the previous close. MarketWatch, quoting Dow Jones Market Data, reported the 7.7% drop took $94.24 billion in value off the stock.
After The Bell: Dow Hits Record As Oil Slides, But Broadcom Sends A Warning On AI

After The Bell: Dow Hits Record As Oil Slides, But Broadcom Sends A Warning On AI

Wall Street rose on Thursday, and the Dow Jones Industrial Average touched a record high, as easing oil prices and hopes for progress toward ending the Iran war pulled buyers into healthcare and financial shares. The Dow rose 809.88 points, or 1.60%, to 51,496.83, the S&P 500 gained 39.74 points, or 0.53%, to 7,593.42, and the Nasdaq Composite added 60.69 points, or 0.23%, to 26,915.12; Oliver Pursche, senior vice president at Wealthspire Advisors, called the chip move “rational exuberance” after Broadcom fell while Nvidia and Taiwan Semiconductor rose.
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 pointed lower in premarket U.S. trading on Thursday, after the AI cloud and bitcoin mining company said it’s building an 800-megawatt campus in South Australia, its first data center in Australia. The stock finished Wednesday at $65.48, down 1.7%. In early morning trading at 6:48 a.m. Eastern, MarketBeat showed shares at $61.66, down 5.8% more.
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