SanDisk Pushes Close to $2,000 While AI Memory Boom Tests Market Nerves

SanDisk shares climbed near $2,000 on Monday as the stock kept up its run as one of this year’s big AI-linked movers. The stock was last seen at $1,980.10, up about 5%, putting SanDisk’s market cap over $310 billion, latest data show. A post on the Moomoo community pegged $2,000 as the current “call wall,” and said SNDK is trading alongside other memory players thanks to the DRAM, NAND and HBM cycle.

AI Chip Stocks Lead, Oil Dips; Nvidia, Micron, Marvell, Delta, United in Focus

AI Chip Stocks Lead, Oil Dips; Nvidia, Micron, Marvell, Delta, United in Focus

Wall Street looks set for gains on Monday, with stocks tied to artificial intelligence and falling energy prices leading the premarket action. U.S. futures moved higher after Reuters said Washington and Tehran reached a tentative Iran deal to end the war and reopen the Strait of Hormuz. Oil fell to its lowest in three months on the news. Investors tend to buy stocks on hopes for stronger earnings or less risk, and sell if the outlook for profits, multiples or confidence slips. In today’s trading, chipmakers are picking up as capital flows back to AI plays. Airlines are also up as lower fuel prices boost profit margins.
AMD Stock Jumps as Citi Sees Bigger AI GPU Upside From Meta Deal

AMD Stock Jumps as Citi Sees Bigger AI GPU Upside From Meta Deal

• AMD last traded at $511.57, up $22.91 from the prior close, after a fresh Wall Street upgrade put renewed focus on AI chip demand.• Citi raised AMD to Buy and lifted its price target to $575, citing the company’s growing role in graphics processing units, or GPUs.• The next major catalyst is AMD’s Advancing AI 2026 event in San Francisco on July 22–23.
Citi Bump Sends AMD Up as Meta AI GPU Contract Draws Eyes

Citi Bump Sends AMD Up as Meta AI GPU Contract Draws Eyes

AMD jumped 4.7% to close at $511.57 on Friday, hitting $521.71 inside the session. A Wall Street upgrade revived interest in its AI chip outlook. The Nasdaq Composite added 0.31% and the S&P 500 climbed 0.50%. Stocks usually move up when earnings look stronger and drop if hopes for growth or appetite for risk cool off. AMD traders leaned in Friday, chasing more AI chip gains.
AST SpaceMobile Dips as Space IPO Buzz Fades Ahead of BlueBird Launch

AST SpaceMobile Dips as Space IPO Buzz Fades Ahead of BlueBird Launch

AST SpaceMobile shares slid in the most recent session, caught in a sector-wide drop rather than anything specific to the company. The stock, which trades on Nasdaq, was last at $82.41, off 15.5%, putting the market cap near $24.0 billion. U.S. space stocks fell sharply Friday as investors took profits following SpaceX’s market debut, Reuters said, with AST SpaceMobile one of the biggest losers.
Tesla Holds Above $400 as SpaceX Rally Fades and Robotaxi Bets Grow

Tesla Holds Above $400 as SpaceX Rally Fades and Robotaxi Bets Grow

Tesla, Inc. shares wrapped the week above $400, ending Friday at $406.43, up $7.28 or 1.8%. Volume hit about 63.7 million shares, putting Tesla’s value near $1.44 trillion. Broader indexes moved higher too: the Dow rose 0.7%, S&P 500 was up 0.5%, and the Nasdaq Composite gained 0.3% as traders looked to SpaceX’s upcoming public-market debut and watched for less pressure on oil from geopolitics.
Nokia shares rise on Wall Street push for AI optical network plan

Nokia shares rise on Wall Street push for AI optical network plan

• Nokia’s U.S. ADR climbed 5.04% Friday, June 12, to $14.80, marking a second straight day in the green.• JPMorgan’s optimistic note put attention on Nokia’s optical networks business and its links to AI-driven data center demand.• Investors now wait for Nokia’s Q2 and half-year results on July 23, looking to see if AI and cloud orders are coming through in sales and margins.
ARK Loads Up on SpaceX Post-IPO, Trims Teradyne, Iridium, Archer

ARK Loads Up on SpaceX Post-IPO, Trims Teradyne, Iridium, Archer

ARK Invest, run by Cathie Wood, ramped up buying in SpaceX after the Elon Musk company started trading publicly, shifting a week of portfolio selling into a new bet on a headline IPO. Investor’s Business Daily said ARK snapped up almost 3.3 million SpaceX shares on the first day. Reuters said SpaceX stock surged 19% in its Nasdaq debut, following a record $75 billion IPO.
Intel Shares Climb Again on AI Foundry Optimism, Pushing INTC Closer to Highs

Intel Shares Climb Again on AI Foundry Optimism, Pushing INTC Closer to Highs

Intel Corporation shares jumped again this week, ending Friday up 6.51% at $124.57. The stock traded between $115.33 and $127.60 during the day. That keeps INTC just under its 52-week high of $132.75. Market value stands near $626 billion, StockAnalysis data shows. More than 151 million shares changed hands, as buy orders came in strong. The action didn’t look like a routine drift—traders appeared to be renegotiating the chipmaker’s turnaround story.
Alphabet Stock Rises as Google Faces New AI Liability Risk Ahead of Q2 Earnings

Alphabet Stock Rises as Google Faces New AI Liability Risk Ahead of Q2 Earnings

• Alphabet Class A shares closed Friday at $359.68, up about 0.5%, while Class C shares ended at $358.16.• A German court ruling on Google’s AI Overviews adds a fresh legal risk to Alphabet’s core search business.• The next major catalyst is Alphabet’s Q2 earnings report, currently expected but not confirmed for July 23.
Cisco Shares Slip as Wall Street Weighs AI Hopes Against Valuation

Cisco Shares Slip as Wall Street Weighs AI Hopes Against Valuation

Cisco Systems finished Friday at $121.10, pulling back after a week that saw the stock trade between $120.74 and $122.90. The stock lost 0.6% on Friday, trailing both the S&P 500, which climbed 0.50%, and the Dow, up 0.70%. Shares had jumped 2.55% on Thursday. The move suggests investors are still interested in Cisco's AI-networking story, but are starting to pick their spots as the stock cools from its latest rally.
Accenture Stock Rebounds Before Q3 Earnings as AI Growth Test Looms for ACN

Accenture Stock Rebounds Before Q3 Earnings as AI Growth Test Looms for ACN

Accenture plc shares regained ground Friday, with ACN rising 1.65% to close at $170.28, outperforming the broader market as the S&P 500 added 0.50% and the Dow Jones Industrial Average rose 0.70%. The move mattered because it broke a five-day losing streak, but it did not erase the bigger damage: the stock remains roughly 46% below its 52-week high, leaving investors focused on whether the recent weakness is a buying opportunity or a warning about slower demand for consulting and IT services.
Red Lobster chief Damola Adamolekun leans on AI, shrimp promo for turnaround

Red Lobster chief Damola Adamolekun leans on AI, shrimp promo for turnaround

Red Lobster CEO Damola Adamolekun is betting on artificial intelligence for the chain’s recovery after bankruptcy. Adamolekun, 37, told The Black Money Tree Podcast he’s “trying to be the most AI-forward restaurant company that exists.” As the youngest CEO in Red Lobster’s history, Adamolekun has worked to push the tech angle while also trying to bring back customers shaken by the 2024 bankruptcy.
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US Stock Market Today Updates

AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 STRONG BUY

Kodiak Gas Services

NYSE:KGS • Energy infrastructure 88/100 • ★★★★☆
#2 STRONG BUY

Neurocrine Biosciences

NASDAQ:NBIX • Healthcare 87/100 • ★★★★☆
#3 STRONG BUY

Alphabet Class A

NASDAQ:GOOGL • Communication services 85/100 • ★★★★☆
#4 BUY ON WEAKNESS

Applied Materials

NASDAQ:AMAT • Semiconductor equipment 84/100 • ★★★★☆
#5 ACCUMULATE

JPMorgan Chase

NYSE:JPM • Financials 80/100 • ★★★★☆
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Editorial model selection. Not personalised advice.
MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Consumer Confidence • 10:00 ET

A large surprise can reset expectations for household spending and near-term growth, with read-through to Treasuries, USD and cyclical stocks.

#2

New Home Sales • 10:00 ET

Housing remains highly rate-sensitive; the print can move homebuilders, mortgage-sensitive names and the long end of the Treasury curve.

#3

Intuit earnings • After close

Guidance can influence software multiples and sentiment around U.S. small-business activity.

View full calendar
Times and estimates may change. Verify before trading.