AI Stocks Midday Pulse — Wednesday, June 24, 2026 at 10:30 AM

📊 AI Stocks Midday Pulse — Wednesday, June 24, 2026 at 10:30 AM

Indices: SPX 7,404 (+0.5%) · NDX 25,723 (+0.5%) · DJI 52,126 (+0.9%)
Tone: choppy — a bounce, but the chip complex is still bleeding

Movers so far:
• MU ⚠️ -13% — memory rout deepens on SK Hynix HBM slowdown fears, hours before tonight's Q3 print
• NVDA ⚠️ -4% — Blackwell rental rates collapsing ($6.11→$4.22/hr) reignite demand doubts
• QCOM ⚠️ -4% — fading ahead of its 2:15 PM data-center Investor Day; "show me" mood
• AVGO ⚠️ -3% — caught in the broad semicap drag, Tech Equipment sector off ~6%
• Oil -4% (Brent ~$73) — slide is what's keeping the broad indices green

Watchlist:
• MU $1,037 (-13%) ⚠️ — all eyes on tonight's after-close report
• NVDA -4% ⚠️ — back below $5T market cap intraday
• AVGO ~$380 (-3%) ⚠️
• AMD modestly higher — relative outperformer vs. memory names
• PLTR ~$117 — soft with the group
• SMCI ~$33 — giving back recent surge
• ORCL ~$165 (-3%) ⚠️
• IONQ ~$58 — quantum holding up better than the AI-infra trade
• QCOM -4% ⚠️ — Investor Day at 2:15 PM ET the catalyst
• ARM, TSM, ASML, AVGO peers — soft across the semicap complex
• MSFT, GOOGL, META, AMZN, AAPL, TSLA — mega-cap mixed, broadly steadier than chips
• SOUN, BBAI, CRM, ADBE, IBM, SNOW, MDB, NET, CRWD — no standout moves; trading with tone

News:
• SK Hynix's reported plan to slow HBM expansion plus a near-$30B US listing is the spark behind the memory selloff.
• Watch items: Micron (MU) reports after the close tonight — the day's marquee event; Qualcomm (QCOM) data-center Investor Day at 2:15 PM ET. Anthropic and OpenAI: no fresh IPO/funding headlines this session.