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Micron's Surge Faces Key Test as Options Signal 10% Swing
Micron's market cap nears $1.11 trillion after a sharp AI-driven rally, with options traders expecting a 10% swing next week. The company's HBM supply for 2026 is already sold out.
Ferrari Shares Dip After Debut of €550,000 EV, Market Awaits Order Data
Ferrari shares slipped 2.11% over five sessions after unveiling the Luce, its first all-electric model priced at €550,000. CEO Vigna noted strong early demand; order details are due in July.
GlobalFoundries Stock Slides After $1.91B Block Trade by Major Shareholder
GlobalFoundries shares dropped 0.82% to $79.97, capping a 6.62% weekly decline after Mubadala's $1.91 billion block trade. The stock is now 13.59% below its 52-week high.
KLA Corp Slips from Record High Ahead of 10-for-1 Stock Split
KLA Corp. shares slipped from a record high, closing at $1,921.71, as the company prepares for a 10-for-1 stock split on June 12. Fiscal Q3 revenue reached $3.415 billion.
SK hynix Joins Trillion-Dollar Club in Volatile Week, Market Awaits Next Move
SK hynix closed near record highs after hitting $1 trillion market cap. KOSPI hit new high but over 80% of stocks fell as money concentrated in chipmakers.
Lumen Stock Surges 17% on AI-Focused Strategy and Alkira Buy
Lumen Technologies closed at $10.99, up 17% for the week, following a $475 million Alkira acquisition and an upgraded free cash flow outlook. The company's AI pivot faces a test as revenue continues to decline.
DJT Stock Surges 17% in Holiday-Shortened Week, Eyes Merger Filing
Trump Media shares surged 17.1% in a holiday-shortened week, closing at $9.31. The focus turns to the proposed TAE merger and digital-asset plans.
Trump Media Stock Surges 17% in Holiday-Shortened Week
Trump Media shares jumped 17% this week to $9.31, with volume tripling ahead of a pivotal merger vote. The company reported a $405.9 million net loss on minimal revenue.
Medtronic Stock Drops 6% Ahead of Earnings Report
Medtronic shares fell 6.1% last week to $73.81 ahead of its fiscal Q4 earnings on June 3. Options imply a 4.1% move. The company recently agreed to buy SPR Therapeutics for $650 million.
ASML Hits 52-Week High Then Retreats; China Export Curbs Loom
ASML shares hit a 52-week high before closing lower on Friday, as investors weighed strong AI chip demand against renewed China export control risks.
Pentagon Contract Lifts General Dynamics Shares in Holiday Week
General Dynamics shares gained 1.1% in a shortened trading week following a $106 million Pentagon contract for its Mission Systems unit, which could expand to $294.9 million through 2031.