TECH BULLETIN: Friday, June 19, 2026

S&P 500

7,500.58

pts

▲ +80.48 (+1.08%)

QQQ

740.62

USD

▲ +18.11 (+2.51%)

SEMIS

14,341.78

pts

▲ +864.71 (+6.42%)

TSMC

462.12

USD

▲ +29.97 (+6.94%)

AMD

537.37

USD

▲ +24.89 (+4.86%)

ARK INNOV

80.19

USD

▲ +1.70 (+2.17%)

CRUDE OIL

76.54

USD

▼ -0.06 (-0.08%)

GOLD

4,172.90

USD

▼ -51.20 (-1.21%)

Tech Market Context: Macro Drivers

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

NASDAQ

Nasdaq Composite

26,517.93 pts

▲ 708.27 (+2.74%)

positive for tech

Tech benchmark

US10Y

10-Yr Treasury

4.45 %

▲ 0.00 (+0.00%)

headwind for tech

Rate sensitivity for tech

DXY

US Dollar Index

100.73 pts

▲ 1.10 (+1.10%)

headwind for tech

Dollar headwind for tech

BTC

Bitcoin

62,934.24 USD

▼ 3355.26 (-5.06%)

negative for tech

Crypto and tech sentiment

NVDA

Nvidia

210.69 USD

▲ 5.82 (+2.84%)

positive for tech

AI bellwether stock

VIX

Volatility Index

16.78 pts

▲ 0.58 (+3.58%)

headwind for tech

Market fear gauge

▲ Rising yields or DXY typically pressure tech | ▲ Falling yields and risk-on sentiment support tech | Live data : fetched at send time

Market Commentary

Warsh’s New Task Forces Give the Fed Wiggle Room to Put Off Changing Rates Until December

Warsh's establishment of new task forces signals a strategic approach by the Federal Reserve that could delay any interest rate changes until December. This development provides the Fed with the flexibility to assess economic conditions more thoroughly before making decisions that could impact the market. For tech stocks, this means a potentially favorable environment as lower interest rates typically support growth-oriented sectors by reducing borrowing costs and encouraging investment. Investors should note that the Fed's cautious stance may lead to sustained liquidity in the market, which is crucial for tech companies that rely on capital for innovation and expansion. Furthermore, the focus on task forces indicates a commitment to data-driven decision-making, which could enhance market stability. As the tech sector continues to navigate challenges such as supply chain disruptions and inflationary pressures, the Fed's approach may provide a buffer against volatility. The anticipation of a December rate decision could also lead to increased investor sentiment in the interim, as market participants may feel more confident in the economic outlook. Overall, this strategic delay in rate adjustments could bolster tech valuations and encourage further investment in the sector. As we move closer to December, the interplay between Fed policy and tech market performance will be critical to watch.

Dow Jones Futures Fall With U.S. Markets Shut; Nvidia Leads 5 Stocks Near Buy Points, SpaceX Needs This

Dow Jones futures experienced a slight decline, reflecting a cautious sentiment in the market as U.S. stock exchanges remained closed for the Juneteenth holiday. Despite this pause, the previous week saw a notable rebound in the stock market, primarily driven by gains in semiconductor and AI-related stocks, as well as biotechnology firms. Nvidia stands out as a leader among five stocks nearing buy points, indicating strong investor interest and potential for upward momentum in the tech sector. This concentration of gains in chips and AI suggests that investors are increasingly confident in the growth prospects of these industries, which are pivotal to the broader tech landscape. The resilience of these sectors, even amid market closures, underscores their critical role in driving overall market performance. As we look ahead, the focus on AI and semiconductor stocks will likely continue to shape investment strategies, particularly as companies like SpaceX seek advancements that could further stimulate innovation and demand. Investors should remain vigilant about the evolving dynamics within these sectors, as they may present lucrative opportunities. The interplay between market sentiment and sector-specific developments will be crucial in determining the trajectory of tech stocks in the coming weeks. Overall, the current landscape indicates a robust appetite for technology investments, particularly in areas poised for significant growth.

Chip Stocks Are Setting Records, but This Hidden Chart Pattern Says Momentum Favors the Bears

Chip stocks are currently achieving record highs, indicating strong performance in the semiconductor sector. However, the SOXX’s RSI indicator has dropped further below the overbought threshold, which raises concerns about the sustainability of this upward momentum. Historically, such a divergence between price action and the RSI has often signaled a potential reversal or weakening in momentum. This suggests that while the current euphoria around chip stocks may be enticing, investors should exercise caution. The bearish momentum indicated by the RSI could lead to a correction in the sector, impacting not only chip stocks but also the broader tech market. As we analyze these trends, it becomes clear that the exuberance surrounding record highs may not be supported by underlying strength. Investors should be vigilant and consider the implications of this hidden chart pattern, as it may foreshadow a shift in market sentiment. The semiconductor sector, while currently buoyant, could face headwinds if this bearish momentum continues to develop. Overall, the current market dynamics warrant a careful reassessment of positions in tech stocks, particularly those heavily weighted in the semiconductor space.

The Dollar, Gold, and Bitcoin Are Taking Warsh’s Fed Shift Seriously. Stocks Don’t Care.

Stocks have quickly moved on from Kevin Warsh’s hawkish first meeting as Federal Reserve Chairman, indicating a disconnect between equity markets and other asset classes. While equities appear unfazed, the dollar, gold, and Bitcoin are responding to the implications of Warsh's stance, suggesting that investors in these markets are taking the Fed's shift seriously. This divergence highlights a potential risk for tech stocks, which have thrived in a low-interest-rate environment. As the dollar strengthens, it could pressure tech companies that rely on international sales, making their products more expensive abroad. Meanwhile, gold's rise reflects a flight to safety, as investors seek to hedge against potential volatility in equities. Bitcoin's movement also signals a shift in sentiment, as it often serves as an alternative asset during times of uncertainty. The broader tech sector may face headwinds if the Fed continues on a hawkish path, as higher interest rates could dampen growth prospects and increase borrowing costs for tech firms. Investors should remain vigilant, as the current calm in stock prices may not last if other markets continue to react to monetary policy changes. The overall sentiment suggests that while stocks may be complacent now, the underlying shifts in the financial landscape could lead to increased volatility ahead.

Peace Deal Trumps Fed

Progress toward a peace deal with Iran has emerged as a significant factor influencing market sentiment, overshadowing the hawkish signals from Fed Chair Kevin Warsh. This geopolitical development is likely to create a more stable environment for investors, which can lead to increased risk appetite in tech stocks. A peace deal could ease tensions in the Middle East, potentially lowering energy prices and benefiting sectors reliant on stable supply chains, including technology. As investors recalibrate their expectations in light of this news, we may see a shift in capital flows toward growth-oriented tech companies that thrive in a more favorable economic landscape. The hawkish undertones from the Fed, while concerning, may be mitigated by the positive sentiment surrounding the peace negotiations, allowing tech stocks to maintain momentum. Additionally, the Knicks’ market impact suggests that consumer sentiment and spending may also be on the rise, further supporting tech companies that cater to consumer needs. Investors should note that a combination of geopolitical stability and consumer confidence can create a conducive environment for tech innovation and investment. Overall, the interplay between these factors indicates a potentially bullish outlook for the tech sector in the near term. As we move forward, monitoring developments in both geopolitical and economic arenas will be crucial for making informed investment decisions in technology.

Kevin Warsh Comments Send Shiver Down Investors’ Spines. Would He Really ‘Murder This Bull Market?’

Kevin Warsh's recent comments have introduced a wave of uncertainty among investors, particularly in the tech sector, which is often sensitive to shifts in monetary policy. His remarks have rattled risk assets, suggesting that the current bull market could face significant challenges ahead. Despite this, Warren Pies from 3Fourteen Research maintains that bull markets do not simply fade away; they require external forces to disrupt them. This perspective offers a glimmer of hope for tech stocks, which have thrived in the current economic environment. However, the fear stemming from Warsh's statements indicates that investors are on high alert, particularly regarding interest rate policies that could impact growth-oriented sectors. The tech market's resilience will be tested as it navigates these comments and the potential for tighter monetary conditions. Investors should closely monitor how these sentiments influence market dynamics, especially as tech stocks have been pivotal in driving overall market performance. The interplay between investor sentiment and macroeconomic indicators will be crucial in determining the trajectory of tech equities in the near term. As we move forward, the focus will likely shift to how the Federal Reserve's decisions will shape the landscape for technology investments.

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Today's Interesting Company News

Agroz Inc. Awarded Superbrands 2026 Title, Strengthening Its Position as a Leading AI-Farming and Vertically Integrated AgTech Company

(NASDAQ: AGRZ) Agroz Inc., an innovative, fully vertically integrated agricultural technology company, announced that it has been awarded the Superbrands 2026 title. The company is recognized as the first Southeast Asian AgTech company to successfully complete an Initial Public Offering ("IPO") on Nasdaq, trading under the ticker symbol AGRZ. Agroz designs, builds, manages, and operates Controlled Environment Agriculture ("CEA") vertical farms and delivers technology-driven farming solutions and premium fresh produce to the market. The company operates CEA vertical farms in local communities to grow and deliver clean, pesticide-free, fresh and nutritious vegetables directly to consumers and businesses. Agroz believes its competitive advantage stems from its proprietary Agroz OS system, a vertical farm operating system comprising digitally automated hardware systems and software solutions. The Superbrands 2026 recognition highlights Agroz's strong brand reputation, market leadership, and continued commitment to excellence within the agricultural technology and fresh produce industries. The company projects continued growth through technological advancement, sustainable farming practices, strategic industry collaboration, and the delivery of high-quality fresh produce.

New Report Confirms Omnicom Media as Largest Global Media Management Network Following the Integration of OMG and Mediabrands

(NYSE: OMC) Omnicom Media, an Omnicom Connected Capability, has been recognized as the world's largest media management organization with total billings of $75.6 billion, according to the COMvergence Final 2025 Global & Regional Billings Rankings. As of the end of 2025, Omnicom Media holds 31% of all global billings managed by the world's major media groups, finishing $11.8 billion ahead of #2 ranked WPP and $13.2 billion ahead of third ranked Publicis. Omnicom Media rose to #1 in North America with $35.9 billion in billings and in the USA with $33.1 billion. In LATAM, OM closed the year at the top of the ranking with $2.3 billion in billings, approximately $500 million ahead of Havas Media Network. OMD, part of the Omnicom Media portfolio, managed $26.9 billion in billings worldwide and was ranked #1 in more than a third of the 49 countries evaluated, including the USA, Australia, and Canada. Omnicom Media was awarded $2.5 billion in billings in the first six months of 2026, with more than half representing incremental wins. The COMvergence rankings evaluate media agency billings across 49 markets representing approximately 96% of worldwide media investment.

Retail Distribution Orders Received Sensormatic

(AIM: THRU) Thruvision Group plc announced that the Company has received two further orders from its Retail Distribution partner, Sensormatic, for 81 Series security screening solutions. The orders are for a WalkTHRU screening lane to be deployed in the distribution centre of a major Spanish-headquartered fashion retailer in the UK, and a SpotCHECK solution to be deployed by a global third-party logistics company in Italy. Thruvision's technology is deployed in more than 30 countries around the world by government and commercial organisations. The Group has offices and manufacturing capabilities in the UK and US. Thruvision's patented technology is capable of detecting concealed metallic and non-metallic objects in real time using an advanced AI-based detection algorithm. The company looks forward to working with Sensormatic to deliver these deployments and build on the momentum across its international Retail Distribution pipeline. No revenue, profit, or financial figures were disclosed in the announcement.

Wisr AI Systems Provides Corporate Update and Announces Non-Brokered Private Placement

(CSE: WISR) Wisr AI Systems Inc. announced a non-brokered private placement of up to 10,000,000 units at a price of $0.05 per Unit for aggregate gross proceeds of up to $500,000. Each Unit will consist of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at $0.075 per Share for 18 months from the closing date. Eligible finders may receive a cash commission of up to 6% of gross proceeds and non-transferable finder's warrants equal to up to 6% of the Units sold, with each finder's warrant exercisable at $0.05 per Share for 18 months. The initial closing is expected on or about June 30, 2026, subject to customary closing conditions and regulatory approvals, including approval of the CSE. Trumbull Fisher and Riccardo Forno have resigned from the Board of Directors and have been replaced by Prit Singh and Ken Osborne. The company expects to use the net proceeds to advance commercialization of its agentic AI-powered risk intelligence platform, support customer acquisition initiatives, and provide general working capital. Industry forecasts project the AI agents market will reach US$182.9 billion by 2033.

XReality Group Signs Defence Training Agreement With Thales Australia

(ASX:XRG) xReality Group subsidiary Operator XR has signed a memorandum of understanding (MoU) with Thales Australia to pursue defence, security, and law enforcement training and simulation opportunities. The non-binding agreement establishes a framework for joint business development, tender responses, customer engagements, and capability demonstrations. Operator XR will contribute its immersive scenario-based training platform, which is already in service with more than 100 military and law enforcement agencies internationally. Thales Australia brings broader systems capability and access to major defence and security markets, and operates as one of Australia’s largest defence providers, including through its Simulation and Training business. The arrangement allows either party to lead or support individual opportunities, with no certainty at this stage that the MoU will result in a binding contract or revenue. The reciprocal structure gives each side flexibility to act as prime contractor or supplier depending on the customer, program and required capability set. The Thales Australia MoU strengthens xReality’s exposure to institutional defence and security procurement channels while retaining the flexibility of a non-binding collaboration.

Stingray Announces $15.4 Million Share Buyback

(TSX: RAY) Stingray Group Inc. announced that it has entered into a private agreement with CDP Investissements inc., a subsidiary of La Caisse, for the repurchase for cancellation of 1,000,000 Subordinate Voting and Variable Subordinate Voting Shares of Stingray held by La Caisse at a price of $15.40 per share, for a total consideration of $15.4 million. The repurchase price represents a discount of 5.1% to the closing price of the shares on the Toronto Stock Exchange on June 18, 2026, and will be paid using Stingray’s cash on hand. Concurrently, La Caisse will sell 2,300,000 Subordinate Voting and Variable Subordinate Voting Shares of Stingray, representing approximately 4.2% of the company’s issued and outstanding Subordinate Voting and Variable Subordinate Voting Shares, through a block trade underwritten by National Bank Financial and Desjardins Capital Markets. La Caisse will remain a significant shareholder of Stingray, holding close to 10% of the outstanding Subordinate Voting and Variable Subordinate Voting Shares of Stingray. An order was obtained from the Autorité des marchés financiers to exempt Stingray from the issuer bid requirements under applicable securities legislation applicable to the repurchase transaction. The share repurchase will be made outside of the facilities of the TSX and will not be taken into account in the calculation of the maximum annual global limit imposed under Stingray’s current normal course issuer bid. Information regarding the share repurchase, including the number of shares repurchased and aggregate repurchase price paid, will be available on SEDAR+ at www.sedarplus.ca following the completion thereof.

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