Amazon Stock Dips Despite June Prime Day Announcement; AI Spending Weighs
Markets Daniel Marsh

Amazon Stock Dips Despite June Prime Day Announcement; AI Spending Weighs

Amazon shares slipped 1.81% to $256.52 after setting June 23-26 for Prime Day, as surging AI spending and mixed retail outlook tempered investor enthusiasm.

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Apple Hits Record High as WWDC AI Reveal Nears
Technology Sarah Chen

Apple Hits Record High as WWDC AI Reveal Nears

Apple shares hit a record $315.20, up 2.9%, as investors await AI news at WWDC 2026. The stock added $598 billion in May, but the rally leaves little margin for error on Siri or memory costs.

AAPL MSFT NVDA GOOGL
Applied Materials Hits Record High on AI-Driven Chip Demand
Technology Sarah Chen

Applied Materials Hits Record High on AI-Driven Chip Demand

Applied Materials shares surged nearly 7% to a record high after CFO Brice Hill raised its 2026 growth forecast above 30%, driven by AI-related chip factory investments.

AMAT LRCX KLAC ASML
GameStop Posts Record Profit, Unveils $2B Buyback Amid eBay Pursuit
Earnings James Calloway

GameStop Posts Record Profit, Unveils $2B Buyback Amid eBay Pursuit

GameStop posted record Q1 net income of $389.6 million, driven by collectibles, and announced a $2 billion buyback. Shares jumped 7.4% after hours.

GME EBAY
Ulta Beauty Shares Surge After Strong Quarter, Profit Forecast Raised
Earnings James Calloway

Ulta Beauty Shares Surge After Strong Quarter, Profit Forecast Raised

Ulta Beauty raised its full-year profit forecast after beating quarterly earnings and comparable sales estimates, sending shares up 7% in extended trading.

ULTA
GitLab Surges on AI Growth Prospects and Workforce Reduction
Technology Sarah Chen

GitLab Surges on AI Growth Prospects and Workforce Reduction

GitLab shares jumped 7% in after-hours trading after beating sales estimates and raising its annual forecast, while announcing a 14% workforce reduction to focus on its AI-powered Duo Agent Platform.

GTLB MSFT
Rocket One Surges 66% on AI Nanomagnetic Tech Appointment
Technology Sarah Chen

Rocket One Surges 66% on AI Nanomagnetic Tech Appointment

Rocket One (RKTO) soared 66% to $2.22 after naming a lead technical adviser for nanomagnetic AI tech, but filings warn of no commercial product and substantial doubt about viability.

XLK
Nike Nears 52-Week Low on Turnaround Doubts Ahead of Key Earnings
Markets Daniel Marsh

Nike Nears 52-Week Low on Turnaround Doubts Ahead of Key Earnings

Nike shares fell 4.8% to $43.73, approaching a 52-week low, amid skepticism over CEO Elliott Hill's turnaround plan ahead of the critical June 30 earnings report.

NKE SPY
Palo Alto Networks Surges on AI Security Demand, Lifts 2026 Forecast
Earnings James Calloway

Palo Alto Networks Surges on AI Security Demand, Lifts 2026 Forecast

Palo Alto Networks shares soared 7.4% in extended trading after raising its 2026 revenue and profit guidance, driven by a 31% revenue jump to $3.0 billion and robust AI security demand.

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Transocean Shares Flat as Australian Drilling Contract Signed; Valaris Merger Awaits
Markets Daniel Marsh

Transocean Shares Flat as Australian Drilling Contract Signed; Valaris Merger Awaits

Transocean shares closed nearly unchanged at $6.25 after Carnarvon Energy hired a rig for 2027 drilling, but the stock's outlook hinges on backlog growth and the Valaris merger.

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Swarmer Stock Surges 38% on Cramer Endorsement Amid Drone Software Hype
Technology Sarah Chen

Swarmer Stock Surges 38% on Cramer Endorsement Amid Drone Software Hype

Swarmer shares surged 37.7% to $78.52 after Jim Cramer called the drone software company "a natural" on Mad Money, reigniting retail interest despite weak fundamentals.

XLK
Abivax Stock Tumbles 44% Despite Positive Ulcerative Colitis Trial Results
Regulation James Calloway

Abivax Stock Tumbles 44% Despite Positive Ulcerative Colitis Trial Results

Abivax shares fell 44% as strong Phase 3 results for obefazimod in ulcerative colitis were overshadowed by malignancy cases, fueling investor worries about regulatory approval.