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Nasdaq Falls Nearly 3% on June 23 as AI Spending Concerns and Alphabet Talent Loss Spark Selloff

The Nasdaq Composite declined approximately 3% on June 23, 2026, recording one of its sharpest single-session falls in recent weeks as a confluence of factors created an unusually intense risk-off environment for technology equities.

Nitish Kishor | 24 June 2026

Memory Fab Investment Cycle Analysis: AI HBM Capex Wave Underpins Equipment Sector Heading Into 2027

The AI-driven high-bandwidth memory capacity investment cycle represented one of the most significant waves of semiconductor capital expenditure in the industry's history, with Samsung, SK Hynix, and Micron each committing to multi-year HBM production expansion programmes that underpinned equipment order backlogs across the supply …

Nitish Kishor | 24 June 2026

South Korean Memory Crash Sends Shockwaves Through Global Semiconductor Markets on June 23

South Korea's Kospi benchmark equity index fell 10% on June 23, 2026, in one of its sharpest single-session declines in recent memory, as concerns about the sustainability of AI-driven capital spending combined with leveraged ETF rebalancing mechanics to trigger a global semiconductor market shock.

Nitish Kishor | 24 June 2026

BSA Limited (ASX:BSA) Tumbles Today as Investors Question the Next Move

What makes BSA Limited (ASX:BSA) worth watching is the combination of its position in the industrial and engineering services space and the size of the recent move. The stock has come under pressure at a time when investors across the sector appear to be …

Sonal Goyal | 24 June 2026

US Services PMI Rises to 51.3 in June 2026 but High Prices and War Uncertainty Weigh on Sentiment

US services sector activity expanded at a slightly faster pace in June 2026, with the S&P Global Services PMI rising to 51.3 from 50.7 in May. The preliminary reading came in just above the market consensus of 51.0 and marked the strongest services expansion …

Nitish Kishor | 23 June 2026

Gold and Silver Tumble as Rate-Hike Fears and Tech Sell-Off Batter Precious Metals

Precious metals came under broad pressure Tuesday as rising interest rate expectations collided with a global risk-off mood triggered by a sharp sell-off in technology stocks. Gold, which had benefited from safe-haven demand since the outbreak of the US-Iran conflict in late February, has …

Nitish Kishor | 23 June 2026

Trump Signs Executive Orders to Build Quantum Computer by 2028 and Shield US Systems From Cyber Threats

President Trump signed two executive orders on Monday directing a coordinated federal push to develop a powerful quantum computer for scientific research by 2028 while simultaneously hardening US government systems against the cybersecurity threats that quantum computing poses to existing encryption infrastructure.

Nitish Kishor | 23 June 2026

US Manufacturing PMI Hits Four-Year High in June 2026 as New Orders and Production Surge

US manufacturing activity extended its recovery in June 2026, with the S&P Global Manufacturing PMI reaching its highest point since May 2022. The reading of 55.7 surpassed both the prior month's 55.1 and market expectations of 54.8, marking ten consecutive months of expansion since …

Nitish Kishor | 23 June 2026

Redwire Corporation (NYSE: RDW) Falls 9.27% on June 23, 2026 — Space and Defence Sector Profit-Taking Weighs on Mid-Cap Aerospace Name

Redwire Corporation (NYSE: RDW)dropped approximately 9.27% on June 23, 2026, in a move that reflected the broader decompression of the space and defence sector premium rather than any company-specific operational deterioration. Redwire provides space infrastructure components — solar arrays, deployable structures, in-space manufacturing systems …

Nitish Kishor | 23 June 2026

NextNav Inc. (NASDAQ: NN) Declines 9.13% on June 23, 2026 — Growth Stock Rotation and Rate Sensitivity Pressure Terrestrial Positioning Technology Name

NextNav Inc. (NASDAQ: NN) fell approximately 9.13% on June 23, 2026, in a session that penalised growth and technology equities broadly. NextNav operates in terrestrial positioning — specifically, providing altitude-based 3D location data and GPS-independent navigation for emergency services, commercial applications, and national security …

Nitish Kishor | 23 June 2026
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