The tech resurgence was running out of steam ahead of the open Tuesday but there were still plenty of artificial intelligence and chip stocks on the move.
The Nasdaq Composite snapped a five-day losing streak with a 2% gain Monday but futures were up only slightly in premarket trading. Semiconductor equipment makers Applied Materials and Lam Research were set for a second day of gains after South Korean memory-chip giants SK Hynix and Samsung unveiled a $500 billion spending plan.
But many of Monday's big winners, including Corning and Western Digital, were hitting pause ahead of the final trading day of the quarter.
These stocks were moving the most ahead of the open:
Concentrix stock plunged 24% after the artificial intelligence-powered customer experience platform missed second-quarter earnings expectations and issued poor guidance. Its French peer Teleperformance was also down 12.6% in European trading.
Strategy was falling 3% after a 13% jump in the previous session as investors continued to digest the company's new financial framework. The largest corporate holder of Bitcoin said it will hike the dividend rate on its Stretch preferred stock and authorized sales of the cryptocurrency to boost its U.S. dollar reserve. It also announced a plan to repurchase up to $1 billion of its common stock.
Super Micro Computer rose more than 2% following an 8% fall Monday after Taiwanese investigators raided the AI server maker's office as part of a crackdown on alleged chip-smuggling to China.
Retailer Nike and drinks giant Constellation Brands are scheduled to report earnings after the close of trading Tuesday.
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(END) Dow Jones Newswires
June 30, 2026 06:39 ET (10:39 GMT)
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