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NVIDIA and SK Hynix announced a multi-year technology partnership on June 7 to co-develop next-gen memory for NVIDIA's AI factories, covering everything from the Vera Rubin supercomputer to the Jetson Thor robotics platform. NVDA rose ~2.3% in pre-market trading on June 8.
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Amazon has signed a multiyear, multibillion-dollar agreement with Corning to supply fiber optics for its U.S. data centers — Corning's third major AI contract of 2026. Shares jumped as much as 9% on the news.
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Apple debuted a redesigned "Siri AI" at WWDC 2026, with core capabilities powered by a custom Google Gemini model worth roughly $1B a year to Alphabet. Shares surged intraday then reversed, closing down about 2%.
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While AI and semiconductor names tumbled on June 4, the healthcare sector ran the other way — XLV gained ~3%, led by UnitedHealth and Eli Lilly. Two catalysts drove the move: a BofA upgrade on UNH and CVS expanding coverage of Lilly's oral weight-loss drug.
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Lululemon posted Q1 revenue of $2.5B, up 4% YoY and slightly ahead of estimates, but net income slid sharply, Americas comps fell 6%, and the company slashed its full-year revenue and EPS outlook. Shares tumbled roughly 11% after the print.
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CrowdStrike posted a record Q1 with 26% revenue growth and record net new ARR, raised full-year guidance, and announced its first-ever stock split — then watched shares fall roughly 9% after hours.
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SpaceX's amended S-1 sets a target valuation of at least $1.8 trillion and a June 12 listing date. A single new sentence about "future transactions" has some analysts speculating the company could move to acquire Tesla.
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After Friday's sharp selloff, this week packs in Apple's WWDC, May inflation data, Oracle and Adobe earnings, an ECB rate decision, and what could be the largest IPO in history.
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The U.S. added 172,000 jobs in May, nearly double what Wall Street expected, keeping the unemployment rate at 4.3%. Treasuries sold off and stocks tumbled as markets repriced the odds of Fed rate cuts this year.
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Broadcom crushed Q2 estimates with $22.2B in revenue and AI chip sales up 143% YoY — then watched its stock tumble anyway. A softer-than-expected Q3 AI guidance triggered a sector-wide rout, dragging the Nasdaq to its worst day since April 2025.
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Broadcom (AVGO) reports fiscal Q2 2026 after the bell with Wall Street already pricing in another blowout AI quarter. The real question isn't whether it beats — it almost always does — it's whether Hock Tan raises the 2027 roadmap again.
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Trump has floated a Hormuz MoU "within a week" at least three times — yet WTI surged +1.46% to $93.51 on June 2, capping a two-day, 7% rally. The market's verdict: words and barrels are two very different things.