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Asking for a Trend Host Josh Lipton previews several of the biggest stories to come tomorrow, Wednesday, June 24, including US new home sales data and earnings results from Micron Technology (MU) and Trip.com (TCOM).
Global stocks extended losses on Tuesday in a sell-off driven by chipmakers and other tech companies that have recently benefited from market enthusiasm for the prospects of artificial intelligence. The tech-heavy Nasdaq composite index was down 2.21 percent at the market’s close. Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. Among the main drivers were Sandisk and Micron Technology, which specialize in memory and storage. Both wer
<body><p>STORY: A down day on Wall Street Tuesday saw the Dow edge lower, while the S&P 500 tumbled nearly one-and-a-half percent and the tech-heavy Nasdaq plummeted about 2.2%.</p><p>Jitters over debt-funded AI spending led to sharp losses in semiconductor and other Big Tech tech stocks.</p><p>:: Marvell Technology </p><p>Shares of Nvidia dropped more than 4%, Intel shed over 6% and shares of Marvell Technology tumbled more than 9%.</p><p>Memory chipmakers Micron Technology and SanDisk, among the best performers on the S&P 500 this year, both fell around 13%.</p><p>Micron's earnings report on Wednesday will draw intense scrutiny, says Nancy Tengler, CEO and chief investment officer at Laffer Tengler Investments.</p><p>"So I think this is a hugely important report, much like Nvidia has been in other periods. [FLASH] We're gonna be watching their guidance on HBM4, which is the Vera Rubin platform Nvidia relationship that they have - is that continuing to grow quickly? And then margins. The company pulled, reported 81% margins. I mean, imagine that - eighty-one percent. And the market is determined that they stay above eighty [percent]. So, those are the two things we'll be paying attention to."</p><p>Among other movers, Elon Musk's SpaceX, which debuted this month, continued its bumpy ride, briefly dipping below its opening price of $150 before paring losses to close about 1% higher. </p><p>Investors on Tuesday were also watching developments in the Middle East. The Senate backed legislation to halt U.S. military action against Iran, but it was unclear how this would affect the war as Washington continues to negotiate a peace agreement with Tehran.</p></body>
Micron stock is dropping after SK Hynix and Samsung stocks tumbled Tuesday on the KOSPI index as the tech selloff gathers pace.
Tuesday’s 13% slides from Sandisk and Micron trimmed their 2026 gains to 727% and 269%, respectively.
The Nasdaq broke key support Tuesday as AI stocks sold off, even as SpaceX reversed higher. FedEx and AI chip IPO Cerebras reported late. Micron earnings loom.
Micron’s Anthropic agreement keeps the AI-memory story in view, with earnings set to show whether HBM demand, pricing, and margins can support expectations after the pullback.
Check out the companies making headlines yesterday:
Investors seek fresh clues on chip demand.
The Fund Is Heavily Exposed to Korean Stocks That Plunged Tuesday
Technology companies are spending big to incorporate artificial intelligence into their businesses and to build huge data centers. Investors who had jumped on the bandwagon appear to be having second thoughts. Just four companies — Alphabet, Amazon, Meta Platforms and Microsoft — plan to spend up to $720 billion this year, primarily on AI data centers.
AI Stock Meltdown Deepens as South Korean Chip Giants Plunge 12%
I have covered Micron several times in the past. And each time, the headline has been some variation of the same theme. The numbers keep getting bigger and bigger, the analyst targets keep moving higher, and of course, the artificial intelligence (AI) memory supercycle keeps defying the skeptics ...
Today, June 23, 2026, investors faced sharp volatility as rate-hike expectations and a South Korean tech sell-off rattled Wall Street.
The tech fund's impressive return looks broad, but a closer look reveals the heavy lifting was done by just a few of its holdings.
BofA hiked its price target on Micron to $1,500 from $950, while keeping a ‘Buy’ rating.
A South Korean memory selloff rippled through the U.S. on Tuesday morning, but Dan Ives isn't worried.
Micron's latest partnership should ensure that the demand for its memory chips remains strong in the long run.
The agreement covers memory and storage products used in AI infrastructure.
Investors are digesting a hawkish Fed, with risk-off sentiment driving a sell-off in AI and crypto
Investing.com -- South Korea's KOSPI retreated on Monday as investors weighed a combination of technical, policy and sentiment-driven concerns after the market's recent sharp advance, according to Citrini Research.
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