Tech Stocks: News & Catalysts

Tech Stocks: News & Catalysts

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A daily article rounding up the key earnings, product announcements, analyst upgrades/downgrades, and macro catalysts shaping tech stock moves.

Tech Stocks: News & Catalysts
Tech Stocks: News & Catalysts

SPCX closes up 24%, AMD gets a rare Citi double-upgrade, and KLA splits

SpaceX (SPCX) opened at $150 — 11% above its $135 IPO price — and closed up roughly 24% on its Nasdaq debut Friday, briefly pushing past $2 trillion in market cap. Citi made AMD its top GPU idea with a double-upgrade to Buy and a $575 target, citing a multiyear Meta chip deal. KLA's 10-for-1 split took effect Friday following Thursday's 12% analyst-driven rally. The week ends with crude below $85 on Iran deal optimism; June 17 FOMC and Nvidia earnings on June 18 define the next chapter.

Tech Stocks: News & Catalysts
Tech Stocks: News & Catalysts

SpaceX opens, Adobe loses its CFO (again), and the Nasdaq reshuffles

SpaceX begins trading at $135/share on Friday as the market's first verdict on the $1.78T IPO; Adobe posted record Q2 revenue but CFO Dan Durn departs June 15 for Marvell, sending shares -5.5%. Nasdaq announces a June 22 rebalance adding ALAB, CRWV, NBIS, RKLB and TER. JPMorgan lifts Seagate and Western Digital targets on AI storage demand. With FOMC on June 17 and Nvidia earnings the same week, the next five trading days could define the second half of the year.

Tech Stocks: News & Catalysts
Tech Stocks: News & Catalysts

SPCX opens, Adobe beats but loses its CFO, and the Iran deal saves the Nasdaq

SpaceX (SPCX) begins trading on Nasdaq Friday — the market's first verdict on the $1.78T IPO priced at $135. Adobe delivered a record Q2 beat ($6.62B revenue, non-GAAP EPS $5.96) but its CFO departs June 15, sending shares -5.5% after hours. Thursday's session closed sharply higher after Trump canceled Iran strikes, lifting the Nasdaq +2.54% as chips (SOXX +8%) rebounded. Intel's BofA double-upgrade to Buy ($135 target) and Oracle's $20B capital raise overhang round out the week's catalysts. June 17 FOMC and Nvidia earnings are next week's focal points.

Tech Stocks: News & Catalysts
Tech Stocks: News & Catalysts

Oracle beats and the CPI surprise: what Wednesday gave tech investors

May CPI came in at 4.0% YoY — below the 4.2% consensus — softening but not erasing rate-hike fears ahead of June 17 FOMC. Oracle posted better-than-expected Q4 FY2026 earnings and projected strong cloud growth, though after-hours trading turned cautious. SpaceX's roadshow closed at 4x oversubscribed ($250B demand vs. $75B raise); pricing is Thursday, first trade Friday. Adobe reports Thursday with a split analyst camp: Stifel raised to $400 Buy, TD Cowen cut to $285 Hold.

Tech Stocks: News & Catalysts
Tech Stocks: News & Catalysts

Apple fell 2% while chips roared back: the WWDC split screen, Marvell's index pop, and what Oracle reports Wednesday

Apple closed down ~2% after a technically solid WWDC keynote — Siri AI delivered, investors weren't wowed. Chip stocks bounced hard (INTC +11%, MU +10%, MRVL +9-14% on S&P 500 inclusion). Citi raised its year-end S&P 500 target to 8,100. Fed hike odds sit at 54% heading into Warsh's first FOMC. Oracle reports Wednesday, SpaceX prices its IPO Thursday, Adobe reports Thursday.

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