Memory Stocks Rip Ahead of Micron’s Wednesday Print
Chip stocks closed last week with double-digit pops in SNDK, INTC, and MU. Micron’s fiscal Q3 print Wednesday is the next test of the AI memory trade.
Technology
BFLY Pops 56% as Midjourney Builds Scanner on Its Chip
Butterfly Network jumped 56% to $8.90 after Midjourney unveiled a full-body scanner using 40 ultrasound-on-chip modules under a $74M license deal.
Marvell Hits Record High on AI Switch and Trainium Buzz
Marvell jumped 7% to a record $310 as a new 102.4 Tbps Teralynx switch, an Adobe-veteran CFO hire, and Amazon Trainium spillover stoked the rally.
Intel Rallies 10.6% as Foundry Adds Packaging Veteran
Intel jumped 10.64% Thursday after naming Seok-Hee Lee EVP of Intel Foundry to lead advanced packaging, as chip stocks rallied.
Tim Cook: Apple Price Hikes ‘Unavoidable’ as Memory Costs Surge
Tim Cook told the WSJ that Apple price increases are ‘unavoidable’ after AI-driven memory chip costs hit a ‘hundred-year flood.’ AAPL fell 1.1% to $295.95.
Intel Starts 18A-P Risk Production, INTC Drops 8.5%
Intel said its 18A-P node entered risk production at the VLSI Symposium, but INTC fell 8.45% to $117.05 as a 217% YTD run met a stretched consensus.
Convertible Bond Pricings Jump 43% in 2026 as Coupons Hit Zero
US convertible bond pricings ran 43% above 2025’s H1 pace through mid-June, with Ciena, Akamai, and ON Semi tapping the market at zero coupons.
NVIDIA Sells $25B in Bonds, Largest Ever, First Since 2021
NVIDIA priced a $25B seven-tranche bond on June 15, upsizing from $20B — its first debt sale since 2021 and the largest in its history.
AMD Tops $900B at Record $558 as Ryzen AI Halo Lands
AMD jumped 8% to a record $558.37 on June 15, 2026, vaulting market cap above $900B as Ryzen AI Halo undercut Nvidia’s DGX Spark.
S&P 500 Top-10 Concentration Hits 37%, Beating Dot-Com Peak
The S&P 500’s 10 largest stocks now command roughly 37% of the index — exceeding the 2000 dot-com peak. Here’s the data and what it means.