Stocks to Watch: Intel, Micron, SpaceX, Oracle -- WSJ

Dow Jones17:54

By WSJ Staff

Samsung Electronics (KR:005930): The memory-chip giant tumbled 12% as the technology sell-off hit Asia. Its South Korean rival SK Hynix fell 12%, while Japan's SoftBank Group slid 10% in Tokyo.

Micron Technology $(MU)$: The U.S. memory-chip maker slumped 7% premarket. Other semiconductor companies were also hammered, with Intel down more than 6% and Nvidia declining around 3% ahead of the opening bell.

SpaceX $(SPCX)$: Elon Musk's rocket company slid in premarket trading, a day after its shares plunged 16%. SpaceX is expected to issue more than $20 billion of bonds in an offering that could price as early as today.

Tesla $(TSLA)$: Shares declined amid the tech rout despite good news from Europe, where the EV maker's sales more than doubled in May from a year ago.

Oracle $(ORCL)$: The cloud-computing and software giant disclosed that it had shed 21,000 jobs, or 13% of its workforce, over the last fiscal year as part of an AI-focused reorganization. Shares fell premarket.

FedEx $(FDX)$: The delivery giant is set to report earnings after markets close. Also on deck today: AI chip maker Cerebras Systems, which is giving its first financial update since its IPO in May.

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June 23, 2026 05:54 ET (09:54 GMT)

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