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Technology 30 May 2026 - 31 May 2026

Micron Technology Stock Surges as AI Memory Shortage Puts MU at Center of Chip Rally

Micron Hits $1 Trillion Valuation Ahead of Volatile Week

Micron closed at $971 Friday, up 29.3% since May 22, and topped a $1.11 trillion market cap as AI memory demand and a UBS price target hike fueled a record week. UBS raised its target to $1,625, citing new long-term supply deals and rising AI demand. Options markets signal traders expect a 10% swing next week. Samsung began shipping faster 12-layer HBM4E samples, aiming to challenge Micron and SK Hynix in AI memory. Micron reports earnings June 24. S&P 500, Nasdaq, and Dow also closed at record highs, led by tech.
31 May 2026
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Archer Aviation Rises as Air-Taxi Hopes Return

Archer Aviation Rises in Short Trading Week; Monday Poses Next Challenge

Archer Aviation shares closed Friday at $6.81, up 7.1% for the holiday-shortened week, with 56.89 million shares traded. The company became the first eVTOL firm to close Phase 3 of FAA type certification. Q1 net loss widened to $217.7 million; R&D expense jumped 65.6%. Archer expects U.S. operations to start this year under the eVTOL Integration Pilot Program. Canaccord cut its target to $12 but kept a Buy rating.
31 May 2026
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Apple Stock Briefly Nears Record as Siri Faces Key Test

Apple Stock Briefly Nears Record as Siri Faces Key Test

Apple shares closed Friday at $312.06, near record highs, after hitting $315 during the session. The stock rose about 1% for the holiday-shortened week. Investors await Apple’s Worldwide Developers Conference starting June 8, where new AI features are expected. Analyst Wamsi Mohan raised his price target to $380, citing the need for Siri to become more capable with agentic AI.
31 May 2026
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Rivian gets attention after June 9 R2 launch date puts RIVN in focus

Rivian gets attention after June 9 R2 launch date puts RIVN in focus

Rivian shares jumped 7.2% Friday and 14.6% for the week after the company said R2 SUV deliveries begin June 9. Shares closed at $16.30 on May 29 with volume near 59.3 million. Rivian posted a $416 million net loss last quarter despite $1.381 billion in revenue and 10,365 vehicles delivered. The company targets up to 67,000 deliveries in 2026 and continues to burn cash.
31 May 2026
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Super Micro jumps 30% in one week—what could shift the stock now

Super Micro jumps 30% in one week—what could shift the stock now

Super Micro Computer shares jumped 11.6% Friday to $46.09, gaining 29.5% since May 22 as AI server stocks rallied after Dell reported a 757% surge in AI-optimized server revenue. Dell soared 32.8%, while Hewlett Packard Enterprise rose 12.6%. Super Micro’s Q3 net sales fell to $10.2 billion from $12.7 billion last quarter but beat last year’s $4.6 billion. Investors await HPE results Monday and U.S. payrolls Friday.
31 May 2026
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Ford Faces Key AI-Energy Test This Week

Ford Faces Key AI-Energy Test This Week

Ford shares jumped 4.74% to $17.44 Friday, reaching a 52-week high of $17.78, as investors focused on the company’s Ford Energy battery-storage arm. The rally outpaced General Motors and Tesla, which both fell. Ford and EDF North America recently agreed to a five-year battery supply deal for up to 20 GWh. CFO Sherry House is set to speak at the UBS auto conference June 3.
31 May 2026
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Micron Hits $1 Trillion, Week Ahead Could Decide Its Fate

Micron Hits $1 Trillion, Week Ahead Could Decide Its Fate

Micron Technology’s market cap topped $1 trillion this week as shares closed at $971 Friday, up 5.14%. Analysts at UBS, Susquehanna, and DA Davidson sharply raised price targets, citing tight high-bandwidth memory supply and rising AI demand. Micron posted Q2 revenue of $23.86 billion in March and guided for $33.5 billion in Q3. Samsung began shipping its new HBM4E chip to customers Friday, intensifying competition.
31 May 2026
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Nvidia Braces for Another Market Test With AI PC Launch Nearing

Nvidia Braces for Another Market Test With AI PC Launch Nearing

Nvidia closed at $211.14 on Friday, down 1.45% for the day and 1.9% for the week, while major indexes rose. Nvidia and Microsoft will debut the first Windows PCs using Nvidia CPUs next week, Reuters reported. The company reported record quarterly revenue and raised its buyback plan by $80 billion. CEO Jensen Huang said Nvidia’s spending in Taiwan will reach $150 billion.
31 May 2026
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AMD Shares Near Record After 10% Jump, Eyes on Next AI Test

AMD Shares Near Record After 10% Jump, Eyes on Next AI Test

AMD closed at $516.10 Friday, up from $467.51 a week earlier, near its May highs as the Nasdaq and S&P 500 set new records. The stock gained about 10% last week amid strong demand for AI chips, though faces competition from Nvidia and new economic data this week. AMD guided Q2 revenue to $11.2 billion, above Wall Street estimates. China accounts for roughly 20% of AMD’s revenue.
31 May 2026
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Oklo Stock Higher After Plutonium-Fuel Update

Oklo Stock Higher After Plutonium-Fuel Update

Oklo shares closed at $66.88 Friday, down 1.78%, after a week of gains sparked by news the U.S. Department of Energy selected the company for advanced talks on using surplus plutonium as reactor fuel. Trading volume reached 27.67 million shares. Oklo reported a first-quarter net loss of $33.1 million and ended March with $2.54 billion in cash and equivalents.
31 May 2026
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Credo Stock’s AI Rally Faces A Crucial Monday After Fresh 6% Gain

Credo Stock’s AI Rally Faces A Crucial Monday After Fresh 6% Gain

Credo Technology Group shares rose 6.15% to $236.03 on Friday, up 8.1% for the week, ahead of its earnings report due after markets close Monday. The company completed its acquisition of DustPhotonics on Thursday, expanding its optical networking portfolio. Analysts expect quarterly earnings of $1.03 per share on $430.08 million revenue. U.S. markets are closed for the weekend.
30 May 2026
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SK hynix AI Memory Crunch: Big Tech Offers to Fund Fabs as Capacity Runs Out

SK hynix Hits $1 Trillion in a Wild Week, Traders Wonder What’s Next

SK hynix closed Friday at 2,333,000 won, near record highs, after hitting a $1 trillion market cap for the first time. The KOSPI ended up 3.55% at 8,476.15, but over 80% of listed stocks fell in the past month as money concentrated in chipmakers. Samsung began shipping 12-layer HBM4E samples to customers, intensifying competition in high-bandwidth memory. Korean markets will close June 3 for local elections.
30 May 2026
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ASML Shares Set 52-Week Peak; China Remains Key Risk for Traders

ASML Shares Set 52-Week Peak; China Remains Key Risk for Traders

ASML shares closed at €1,384.80 in Amsterdam on Friday, down 0.45% for the day and about 1.7% lower for the week after hitting a 52-week high. Investors tracked AI chip demand and renewed concerns over China’s efforts to bypass Western export controls. Huawei announced a new chip design strategy, but analysts and Nvidia’s CEO questioned its immediate impact. ASML reported Q1 net sales of €8.8 billion and net income of €2.8 billion.
30 May 2026
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SLB Stock Drops From 52-Week High as Traders Eye AI Deal

SLB Stock Drops From 52-Week High as Traders Eye AI Deal

SLB shares closed at $54.55 Friday, down 1% and marking a third straight loss after hitting a 52-week high of $58.82 earlier in the week. The company agreed to acquire software firm Tachyus and expanded its digital partnership with Vår Energi. Oilfield-services stocks, including Halliburton and Baker Hughes, also declined. Investors remain focused on oil prices and Middle East risks.
30 May 2026
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Stock Market Today

  • Persimmon: Worst FTSE 100 Share in 5 Years Faces Uncertain Recovery
    June 4, 2026, 10:19 AM EDT. Persimmon (LSE: PSN), the UK housebuilder, has been the worst-performing FTSE 100 stock over five years, losing 66% of its market value amid rising mortgage rates and a challenging housing market. Shares peaked above £33 in early 2020 but are down nearly 20% over the past year. Dividend cuts from 225p to 60p reflect stress from economic conditions and Bank of England base rate hikes to 5.25%. Trading at 1,075.5p with a 12.2 price-to-earnings ratio and 5.6% dividend yield, Persimmon's valuation suggests a bargain for value investors. With improving sales and revenues, the company risks dropping from the FTSE 100 to FTSE 250 but may be at an inflection point. Investors must weigh risks of the housing market against the potential for recovery.

Latest articles

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

4 June 2026
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.
Splash Beverage Stock Climbs — NYSE Details for Traders

Splash Beverage Stock Climbs — NYSE Details for Traders

4 June 2026
Splash Beverage soared 71% to $0.2420 after filing a plan to regain NYSE American compliance, with shares quoted at $0.3650 premarket as investors react to survival efforts amid expired Medterra CBD talks, a sharp revenue drop to $4,224, a $2.14 million loss, and just $381,195 in cash, leaving the company dependent on new deals and financing to avoid delisting.
Intel Shares Drop Even as Tech Climbs—AI Trade Not Enough

Intel Shares Dip Premarket Despite Foxconn AI Deal

4 June 2026
Intel shares slid 3.71% to $108.53 premarket as a new AI partnership with Foxconn failed to offset a chip-sector selloff sparked by Broadcom’s disappointing results; investors face uncertainty as Intel and Foxconn gave no financial details, customer names, or launch timeline for their AI collaboration, raising questions about how soon the deal could boost revenue.
Archer Aviation stock moves up as investors watch for 2026 air-taxi test

Archer Aviation Drops Pre-Market With Cash Burn In Focus

4 June 2026
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.
Nvidia Faces New AI Test After Broadcom Drop Hits Chip Stocks

Nvidia Faces New AI Test After Broadcom Drop Hits Chip Stocks

4 June 2026
Nvidia shares slipped to $214.75 premarket as a Broadcom-led chip selloff rattled AI stocks, after Broadcom’s disappointing AI chip results and flat 2027 revenue target triggered a $315 billion market value drop; investors are questioning whether Nvidia’s rapid growth and dominance can keep matching sky-high expectations despite record Q1 revenue and expanded buybacks.
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