| 📊 Alain’s Holdings — June 25, 2026 | ||||
|---|---|---|---|---|
| Symbol | Name | Price | Change | Change % |
| VOO | Vanguard S&P 500 ETF | 676.18 | +0.39 | +0.06% |
| QQQ | Invesco QQQ Trust | 716.38 | +5.76 | +0.81% |
| XIU.TO | iShares S&P/TSX 60 ETF | 51.91 | +0.17 | +0.33% |
Today was a tale of two markets.
The semiconductor sector staged an impressive rebound after blockbuster earnings from Micron Technology, but weakness in several mega-cap technology stocks prevented the broader market from fully participating.
The Dow Jones Industrial Average gained 0.1%, the S&P 500 finished roughly flat, while the Nasdaq Composite slipped 0.5% as investors rotated away from some of the largest technology companies.
The undisputed star of the day was Micron Technology.
The memory-chip giant reported quarterly earnings and guidance that comfortably exceeded Wall Street expectations, fueled by explosive demand for AI memory chips. Micron also revealed $22 billion in customer commitments, reinforcing the view that demand for high-bandwidth memory (HBM) remains exceptionally strong. Shares surged more than 16%, lifting the entire semiconductor industry.
Other AI-related chip companies also benefited.
Qualcomm climbed after raising its long-term outlook for AI-driven data center products, suggesting that AI infrastructure spending remains healthy despite recent concerns over excessive capital expenditures.
However, the broader technology sector struggled.
Apple fell sharply after announcing price increases across several product lines, raising concerns that higher prices could weaken consumer demand. The decline in Apple offset much of the strength coming from semiconductor stocks and weighed heavily on the Nasdaq.
Today’s market reminds us of an important lesson.
The AI revolution is entering a new phase.
Just days ago, investors were questioning whether massive AI spending would ever generate adequate returns.
Micron answered that question—at least for one important part of the AI ecosystem.
Companies providing the critical infrastructure behind artificial intelligence continue to experience extraordinary demand.
The market is becoming more selective.
It is no longer enough to simply spend billions on AI.
Investors increasingly want to see real revenue, real profits, and real customer demand.
Today’s winners delivered exactly that.
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