Trading News from June, 23rd, 2026

U.S. stock futures are trading lower as AI-related stocks, one of the key drivers behind this year's market rally, show signs of losing momentum. The S&P 500 has gained approximately 14% this quarter, but it still trails the equity markets of Taiwan 🇹🇼, South Ko
rea 🇰🇷, and Japan 🇯🇵, each of which has surged more than 40% over the same period.

Micron (MU) climbed 6.8% during regular trading and added another 1.6% in after-hours trading. The stock has rallied more than 300% this year, and its quarterly earnings report, due tomorrow, is expected to be a key test of investor enthusiasm for AI-related investments. Meanwhile, Needham raised its price target on the stock to $1,550.

SpaceX fell 16% after announcing a major debt offering. While investors who bought shares at
the IPO price remain in profit, many who entered on the first day of trading are now underwater. On X, one user quipped, "Looks like the satellite is coming back down to Earth."

 

Netflix (NFLX) declined 5.8%, while Meta (META) announced it is testing a new Instagram format that could transform the platform into a television-style video destination.

Super Micro Computer (SMCI) surged 15.7% after unveiling a new AI computing infrastructure
built on NVIDIA's Vera Rubin platform. The stock added another 2.4% in after-hours trading.

Palantir (PLTR) fell 7.0%, extending its year-to-date decline to 33% as investors continued rotating out of AI stocks. After the market closed, the company announced that it had secured a major U.S. Army contract, although the news had little immediate impact on the stock price.

Source: Bloomberg.
Charts: Trading Central.

Gold Pulls Back as Dollar Strengthens

Gold prices are edging lower as a stronger U.S. dollar and rising expectations of another Fed rate hike weigh on the precious metal.

Will the decline continue?

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SpaceX Gives Back Most IPO Gains

 

SpaceX tumbled 16.4%, wiping out most of the gains made since its blockbuster IPO as selling pressure accelerated.

"Looks like the satellite is coming back down to Earth."

Will the stock regain altitude?

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and last but not least


Micron Surges Ahead of Earnings

 

Micron (MU) climbed 6.8% and added another 1.6% after the close, extending its gain to more than 300% this year ahead of tomorrow's earnings report.

Can AI-driven momentum push the stock even higher?

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