To The Moon

The SPDR tech-sector ETF officially entered a correction - the previous one lasted five months, and ended less than two months ago. The tech sector's selloff has graduated from a pullback to a correction. Here's what that could mean.The State Street Technology Select Sector SPDR ETF XLK dropped 2.3% to close Wednesday at $176.63, or 10.9% below its June 2 record close of $198.21. Many on Wall Street see a decline of up to 10% from a significant high as a pullback, and a drop of at least 10% to up to 20% as a correction.The correction before that became official on March 6, 2025, or a little more than two weeks after its Feb. 19 record close. It didn't bottom until April 8, when it had tumbled 25.8% from its peak. The recovery took a bit longer, as the XLK ETF didn't see a fresh record until June

GLOBALFOUNDRIES Chief Legal Officer Samak L. Azar sold 335 ordinary shares on May 28, 2026 at USD 80.9.Post-transaction holdings totaled 14,824 ordinary shares, held directly.Disclaimer: This news brief was created by Public Technologies using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GLOBALFOUNDRIES Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission , on June 01, 2026, and is solely responsible for the information contained therein.

On June 1 local time, Israeli Prime Minister Netanyahu posted on social media saying he had instructed the Israel Defense Forces to strike targets in the Dahiyeh district in Beirut's southern...

CoreWeave director Karen Boone reported selling Class A common stock on May 26, 2026.Disposed of 11,580 shares at prices ranging from $107 to $108.23.Indirect holdings through the Boone Family Trust fell to zero.Disclaimer: This news brief was created by Public Technologies using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoreWeave Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission , on May 28, 2026, and is solely responsible for the information contained therein.

CoreWeave, Inc. Director Jack Cogen, through CW Holding 987 LLC, proposes to sell 642,307 shares of common stock on 2026-05-28 on the NASD market, with an expected aggregate market value of about...

MICHAEL INTRATOR, a Director, Officer and 10% stockholder of CoreWeave, Inc., filed Form 144 to propose the sale of 200,000 shares of common stock via Morgan Stanley Smith Barney LLC on NASDAQ starting around 2026-05-26, with an expected aggregate market value of approximately $21.098 million.

CoreWeave's Director and Officer Brian Venturo proposes to sell 300,000 shares of CoreWeave common stock on May 18, 2026, with a total market value of approximately $32,190,000.

While Micron's revenue guidance was more than 30% above the consensus view, investors are worried that the memory cycle is reaching a peak. Micron forecasts an 81% gross margin for the May quarter.Micron Technology is crushing expectations to a degree that's reminiscent of Nvidia's breakout performances at the beginning of the artificial-intelligence boom three years ago, a Deutsche Bank analyst noted.But its stock is falling 3% on Thursday despite the company's latest blowout earnings report, which saw Micron offer a $19.15 forecast for quarterly adjusted earnings per share at the midpoint, well above the $12.03 analysts had been expecting for the May period."All that matters" is when the actual peak in the memory cycle comes, Klein said in a note to investors, adding that that could be late next year or in early 2028. If that's the case, Klein said analysts will ultimately start reducing Micron estimates and investors will be selling the stock months ahead of when those lower number

The S&P 500 could break below its 200-day average as soon as Thursday. The S&P 500 has reached a precarious crossroads that could open the door to more losses ahead.U.S. stocks were flirting with a critical threshold on Wednesday that, if broken, could portend another 10% drop for the S&P 500, according to one technical analyst.The S&P 500 SPX finished Wednesday at 6,624.70, just a hair north of its 200-day moving average at 6,615.70, FactSet data showed. The Dow Jones Industrial Average DJIA wasn't so lucky; the blue-chip gauge finished below its 200-day moving average for the first time since June. The Nasdaq composite COMP also closed below its 200-day moving average, although the index also finished below the critical trendline on Friday.That leaves U.S. stocks in a precarious position. According to Jonathan Krinsky, BTIG's managing director and chief market technician, this is the third time the S&P 500 has tested the 6,600 level going back to October. If stocks sink on Thursday,

It says something about Nvidia's current state when a trillion dollars in sales counts as mundane.Nvidia hasn't achieved that yet. But the company used its GTC conference this week to project that much in revenue for just two of its chip families for the three-year period ending in 2027. And Chief Executive Officer Jensen Huang later made clear that forecast is a floor, as it doesn't include some of the company's latest offerings like the new Groq chip for AI inferencing that was announced at the event.Wall Street's projections for Nvidia's business were already robust. But the trillion-dollar forecast still counts as a beat, as analysts were expecting Nvidia's total data center revenue of around $965 billion for the specified period, according to consensus estimates from Visible Alpha.