TECH BULLETIN

Monday, June 8, 2026

Tech Market Context: Macro Drivers

Key macro instruments that drive tech market movements: yields, dollar, risk appetite

Market Commentary

Today's Interesting Company News

WiMi Explores Multi-Dimensional Pooling Optimization Technology Under the Variational Quantum Algorithm Framework

(NASDAQ:WIMI) WiMi Hologram Cloud Inc. announced it is exploring multi-dimensional pooling optimization technology under the variational quantum algorithm framework, proposing an innovative solution that integrates the Quantum Haar Transform (QHT) with quantum partial measurement. The company describes QHT as mapping high-dimensional classical data to the quantum state space through parameterized quantum gate groups, achieving a breakthrough improvement in computational efficiency over the classical Haar transform. The VQA framework consists of a parameterized quantum circuit (PQC) and a classical optimizer, iteratively adjusting parameters to minimize a preset loss function. WiMi states that its VQA-driven multi-dimensional pooling optimization technology will break through the locality preservation limitations of traditional pooling methods in high-dimensional data processing. The company projects that with the iterative upgrading of quantum hardware and the continuous optimization of algorithms, the multi-dimensional pooling optimization technology under the VQA framework is expected to achieve practical application in more fields. WiMi focuses on holographic cloud services, including in-vehicle AR holographic HUD, 3D holographic pulse LiDAR, and metaverse holographic AR/VR devices.

Navitas Introduces Isolated Through-Hole Package for SiC MOSFETs, Enabling Direct-Cooled Thermal Management

(NASDAQ:NVTS) Navitas Semiconductor announced the launch of its new UHV-TO-247-4-ISO package, setting a new benchmark for high-performance discrete power devices. The package features over 12 mm pin-to-pin creepage and greater than 6000 V integrated isolation, and is purpose-built for 1200 V to 3300 V GeneSiC SiC MOSFETs. The UHV-TO-247-4-ISO package is offered in 3300V, 2300V, and 1200V SiC MOSFET ratings, with part numbers and specifications including G5R06MT12UIK (1200 V, 6.5 mΩ), G5R12MT12UIK (1200 V, 12 mΩ), G4H11MT23UIK (2300 V, 11.5 mΩ), G4H23MT23UIK (2300 V, 23 mΩ), G4H22MT33UIK (3300 V, 22.5 mΩ), and G4H45MT33UIK (3300 V, 45 mΩ). The package reduces R TH,J -HS by up to 60%, leading to up to 150% increased power dissipation capability. Navitas has over 300 patents issued or pending and is the world’s first semiconductor company to be CarbonNeutral® -certified. The new package, together with its direct-cooled heatsink assembly, will be available at the Navitas Booth at PCIM Europe 2026, in Nuremberg, booth #544, Hall 9. The company projects that this packaging breakthrough enables performance improvements in high-voltage grid-tied power conversion systems, solid-state transformers, battery energy storage systems, and renewable energy applications.

Astrotech Corporation's 1st Detect TRACER 1000 Receives ECAC Certification for Wand Swabbing

(NASDAQ:ASTC) Astrotech Corporation announced that its 1st Detect TRACER 1000 system has received the European Civil Aviation Conference (“ECAC”) certification for wand swabbing, approved for use in screening both passengers and cargo in aviation security operations. The certification covers the TRACER 1000 for wand-based sampling, enabling checkpoint operators to collect trace samples from passengers and cargo without direct contact. The system satisfies the ECAC Explosives Detection Standard and Standard G1 under Concept of Operations Revision 38. The TRACER 1000 is a field-proven mass spectrometry solution deployed in 16 countries worldwide, providing laboratory-grade molecular identification in environments where no-touch collection is operationally required. 1st Detect, based in Austin, Texas, develops, manufactures, and sells trace detectors for security and detection markets. Astrotech Corporation is headquartered in Austin, Texas and operates through wholly owned subsidiaries including 1st Detect, AgLAB, Pro-Control, and EN-SCAN, Inc. The company is currently evaluating opportunities to identify, develop, and commercialize advanced technologies with applications in space, defense, industrial, and related markets.

TON Strategy Company Highlights Strong May Staking Performance and Approved TON Network Upgrades

(NASDAQ:TONX) TON Strategy Company announced strong preliminary May staking performance and its vote in favor of recently approved network upgrades for The Open Network (“TON”). Based on preliminary information, May gross staking yield was approximately 1.48%, compared to 1.39% in April 2026. On an annualized basis, May gross staking yield represented approximately 17.80%, compared to approximately 16.7% in April 2026. As of May 31, 2026, TON Strategy held approximately 227.5 million TON, of which approximately 226.8 million TON were staked. Approved network changes took effect June 4, 2026, and are not expected to affect validation rewards. The upgrades are primarily intended to improve network performance, throughput and scalability while maintaining the staking mechanics that support TON Strategy’s treasury operations. The company aims to steadily expand its $TON holdings, stake $TON, and support the development of a tokenized economy inside Telegram.

BrandPilot AI Converts Global Luxury Brand Trial Into Ongoing Customer Engagement

(CSE: BPAI) BrandPilot AI Inc. announced that on June 5, 2026, it entered into an agreement with an advertising agency to deploy its technology across paid search campaigns for a globally recognized luxury brand. The agreement follows a successful trial, previously announced on April 16, 2026, during which the Company helped reduce cost-per-click (CPC) by approximately 44% while increasing revenue by 21%. The agreement is ongoing in nature and will remain in effect unless terminated by either party in accordance with its terms. The agreement is performance-based and does not contain a fixed contract value, with revenue earned by the Company depending on realized advertising savings generated through the deployment of the Company's technology. The company projects continued deployment of the technology, potential expansion of the relationship with the agency partner and its client, growth of the Company's enterprise customer base, and adoption of the Company's advertising performance and efficiency solutions. The Company’s core capabilities include AdAi, ClickRadar™, and SearchIQ™. BrandPilot AI is headquartered in Toronto, Ontario.

Hyperion DeFi Reiterates Guidance on Sunset of USDH and Felix Markets

(NASDAQ:HYPD) Hyperion DeFi, Inc. announced that the sunset of USDH and Felix Markets does not change its full-year 2026 guidance of $5 million to $7 million Adjusted Gross Profit and its goal of achieving break-even operating cash flows by the end of the year. The partnership with Native Markets ended on June 3, 2026, releasing all of the Company’s 300,000 HYPE tokens for redeployment. Felix Markets will close its perpetuals exchange by June 22, 2026, with all of Hyperion DeFi’s 500,000 HYPE tokens available for use in other strategies by June 29, 2026. As of May 2026, more than 44 million HYPE have been autonomously purchased and sequestered by the blockchain with the trading fees generated on the network’s central limit order books. The Company states that none of its other partnerships are materially impacted by the USDH sunset. Hyperliquid is described as a next-generation layer one blockchain optimized for high frequency, transparent trading, with 70 millisecond block times. Hyperion DeFi, Inc. is the first U.S. publicly listed DeFi company building on Hyperliquid.

Xeriant's NexBoard Achieves ASTM E84 Class a Fire Rating, the Highest Rating Possible for Fire Protection

(OTCQB: XERI) Xeriant, Inc. announced that its NexBoard™ fire-resistant construction panel has achieved a Class A fire rating based on the ASTM E84 certification testing, the highest classification available under the standard. ASTM E84, commonly referred to as the Steiner Tunnel Test, is one of the construction industry's most stringent and widely recognized standards for evaluating the surface burning characteristics of building materials. The test measures flame spread and smoke development, providing critical performance data used by builders, architects, engineers, regulators and insurers. NexBoard is designed as a next-generation alternative to traditional drywall and other conventional construction panels. The product is engineered to provide resistance to water, mold, insects, and environmental degradation, making it well-suited for modern construction methods, including modular and prefabricated building. The company states that this achievement will help unlock its commercialization backlog that have been awaiting third-party certification and validation before advancing toward purchase orders. The ASTM E84 test is described as a foundational milestone and one of several building materials tests currently underway as part of a comprehensive certification program.

Cyngn Reports Growing Enterprise Interest in Fleet-Scale Autonomous Vehicle Deployments

(NASDAQ: CYN) Cyngn announced that industrial organizations are increasingly evaluating how autonomous vehicle technology can be deployed at scale across their operations. Cyngn's Autonomous Tugger hauls up to 12,000 lbs and the DriveMod Tugger targets a typical payback period of less than 2 years. During the second quarter, Cyngn saw strong engagement from global-scale industrial operators and its commercial pipeline currently spans nine industry verticals, 35 U.S. states, and international markets. DriveMod is currently available on Motrec MT-160 Tuggers and BYD Forklifts, and the DriveMod Forklift is currently available to select customers. Cyngn believes growing engagement from enterprise operators and increasing interest in fleet-scale deployments underscore the expanding role autonomous vehicles are expected to play in industrial operations in the years ahead. The company addresses significant challenges facing industrial organizations today, such as labor shortages and costly safety incidents. Cyngn's DriveMod technology empowers customers to seamlessly bring self-driving technology to their operations without high upfront costs or infrastructure installations.

HawkEye 360 Announces Over $100 Million in New International Contract Awards

(NYSE:HAWK) HawkEye 360, Inc. announced over $100 million in new international contract awards and contract option value secured this year to date. The total represents a combination of immediate bookings, multi-year contracts, and award options across eight international customers and programs. The awards span defense, intelligence, and national security organizations across allied and partner nations. John Serafini, Chief Executive Officer of HawkEye 360, stated that surpassing $100 million in new international contract value demonstrates both the growing demand for their capabilities and the trust customers place in HawkEye 360. The company is focused on expanding access to commercial signals intelligence and delivering mission-ready operational insights to government and allied customers worldwide. HawkEye 360 delivers trusted domain awareness and early-warning indicators to the U.S. Government and allied partners. The company’s space-based collection, proprietary signal processing, and AI-powered analytics are proven by operational mission success.

First Market Edge Intelligence® Customer

(AIM:BKS, LSE:BKS) Beeks Financial Cloud Group plc announced that it has secured its first contract for Market Edge Intelligence ®, valued at $4.8m over 5 years, with one of the world's largest banks. The contract follows the launch of the offering earlier in FY26 and a successful proof of concept. Revenue recognition is set to commence immediately, supporting the Board's FY26 expectations. The contract has strong expansion potential across the customer's wider trading infrastructure. Market Edge Intelligence ® is described as the world's first AI/Machine learning solution for passive monitoring of capital markets data directly at the network edge. Beeks Group now employs over 100 team members across the globe with the majority based at its Renfrew HQ. The company remains confident in delivering a full year performance in line with expectations, supported by a growing pipeline across each of its offerings.

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