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Technology 5 July 2026 - 6 July 2026

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

Broadcom (NASDAQ:AVGO) climbs after Apple (NASDAQ:AAPL) supply deal eases 2031 revenue risk

Broadcom Inc. traded higher in premarket on Monday after saying it will extend its chip partnership with Apple Inc. through 2031. The new deal makes Broadcom more of a long-term supplier to Apple, aiming at contract length instead of just another AI-chip move. Broadcom will supply a range of custom chips to Apple, which makes up around 20% of Broadcom’s yearly sales, analysts told Reuters.
SK Hynix eyes $28 billion Nasdaq sale, aims to cover most AI memory push

SK Hynix eyes $28 billion Nasdaq sale, aims to cover most AI memory push

SK Hynix on Monday kicked off a U.S. share sale that looks more like a funding bet on the AI memory market rather than a straight foreign stock listing. The company’s 43.141 trillion won target aims to fund about 77% of a 55.92 trillion won plan for HBM, new fabs and advanced packaging. Reuters said 17.79 million new shares go out through Nasdaq ADRs. The Elec cited the capex details from SK Hynix’s registration filing.
AMD (NASDAQ:AMD) edges lower as market looks at $1 trillion CPU potential

AMD stock rebound weighs on AI premium after Nvidia delay chatter

Advanced Micro Devices Inc. traded at $530.64 in premarket at 04:46 ET, showing a 2.47% uptick from its $517.82 close in the last session, per Investing.com. The stock had dropped 4.26% in regular hours. The premarket rebound clawed back $12.82 of a $23.06 slide, or about 56%, but AMD was still $10.24 below its previous close using this calculation.
Sandisk premarket gains don’t close $29 bln gap after memory selloff

Sandisk premarket gains don’t close $29 bln gap after memory selloff

Sandisk Corporation ticked higher in premarket trading Monday, but shares still sat well below last week’s levels. The stock finished at $1,745.00 on July 2, a drop of 14.13%. In premarket, Google Finance was showing it at $1,838.00, up 5.33%. U.S. equity markets had not started the regular session yet. NYSE core hours are 9:30 a.m. to 4:00 p.m. ET, and July 3 was closed for Independence Day.
MP Materials drop raises questions on mine-to-magnet strategy

MP Materials drop raises questions on mine-to-magnet strategy

MP Materials Corp opened Monday with fewer links to China than investors may read from the drop in the stock in June. The rare-earth miner reported it had zero revenue from rare-earth concentrate in the first quarter, versus $30.1 million a year ago, since it stopped selling concentrate in July 2025. Revenue from NdPr oxide and metal was up at $71.1 million. The recent share move looks tied to the cost and timing of building out U.S. magnet capacity, not a hit to China business.
Oracle (NYSE:ORCL) shares slump as AI backlog now tops company’s market cap

Oracle (NYSE:ORCL) shares slump as AI backlog now tops company’s market cap

Oracle Corporation goes into the July 6 restart facing an unusual challenge for the market—its cloud order backlog is bigger than the company’s equity value. Shares finished at $140.27 on July 2. That put Oracle’s market cap at roughly $408.5 billion. At the end of its fiscal fourth quarter, Oracle showed $638 billion in RPO. So the market cap is about 0.64 times the reported backlog.
SpaceX (NASDAQ:SPCX) Starlink launch sees Falcon 9 booster used for chip tests ahead of Nasdaq-100 inclusion

SpaceX (NASDAQ:SPCX) Starlink launch sees Falcon 9 booster used for chip tests ahead of Nasdaq-100 inclusion

Space Exploration Technologies Corp. tried out a new use for its Falcon 9 during a regular Starlink launch from Florida, flying recoverable industrial payloads. The rocket took off from Space Launch Complex 40 at 6:50 a.m. EDT with 29 Starlink satellites and two Besxar Space Industries semiconductor pods loaded on the first stage. The pods rode the rocket for eight minutes and 19 seconds before returning. SpaceX confirmed Starlink deployment at 8:30 a.m. EDT, Spaceflight Now said.
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