Coherent (NYSE:COHR) stock rose 9.2% after securing a CHIPS Act letter of intent for up to $50 million. This funding will support the expansion of its 6-inch indium phosphide plant in Texas, which is critical for AI data centers and addresses supply chain concerns due to China's indium export controls. The rally highlights investor focus on increased indium phosphide capacity rather than just the grant amount, especially given Coherent's existing multiyear deal with Nvidia.

Lam Research (LRCX) stock has surged 139.25% in 2026, outperforming the broader market due to its crucial role as a supplier of equipment for advanced chip manufacturing. The company's recent March quarter results showed accelerating AI spending, with revenue up 24% year-over-year and strong contributions from memory and foundry segments. Despite the significant rally, the article suggests Lam Research still has considerable room for growth, driven by its essential position in the complex chip-making process and ongoing investments in expansion and technology.

Micron Technology's stock is gaining momentum after it announced a new partnership with AI safety and research company Anthropic. This collaboration aims to optimize Micron's memory solutions for Anthropic's AI model, Claude, potentially driving demand for Micron's high-bandwidth memory (HBM) and improving its position in the competitive AI market. The partnership is expected to accelerate advanced memory development crucial for future AI applications.

Trimble Inc. director Thomas W. Sweet exercised 3,974 restricted stock units (RSUs) into common stock on June 17, 2026, as part of his equity compensation. These shares were valued at $50.78 each. Following this transaction, his direct holdings in Trimble common stock amount to 22,975 shares.

Mastercard has announced a new partnership with JD.com to enhance payment infrastructure, cross-border commerce, and AI-supported purchasing. This collaboration aims to boost fraud prevention, support SME supply chain finance, and introduce co-branded card programs. This strategic move positions Mastercard to expand its influence in digital commerce within Asia and JD.com’s ecosystem, emphasizing its focus on AI-backed solutions and global payment integration.

Louis Navellier has revised his Stock Grader recommendations for 107 blue-chip stocks based on institutional buying pressure and fundamental health. The article details a comprehensive list of upgrades and downgrades across various sectors, categorizing them from "Very Strong" to "Very Weak." Investors are encouraged to review the updated ratings as their holdings may be affected.

Qualcomm (QCOM) is reportedly in advanced talks to acquire Modular Inc. According to Bloomberg News, the potential transaction values Modular Inc. at approximately $4 billion. This news was sourced from Refinitiv and subsequently reported by TradingView.

Halper Sadeh LLC, an investor rights law firm, is investigating the proposed sales of Roku, Inc. (ROKU), Simulations Plus, Inc. (SLP), Nuvalent, Inc. (NUVL), and Dana Incorporated (DAN) due to concerns that shareholders may not be receiving fair deals. The firm suggests that insiders might benefit substantially more than ordinary shareholders and that transaction terms could limit superior offers. Halper Sadeh LLC is encouraging shareholders to contact them to discuss their legal rights and options regarding these proposed acquisitions.

NVE Corporation announced that Daniel A. Baker will retire as president and CEO effective August 6, 2026, and Peter G. Eames, currently vice president of advanced technology, will succeed him. Dr. Baker will become Chairman of the Board, and the Board will expand from five to seven directors, with Dr. Eames and Carolyn W. Valentine joining. This leadership transition aims to continue NVE's growth in advanced spintronics-based products.

MKS Inc. (MKSI) saw its stock gain over 3% after announcing the opening of its new factory in Penang, Malaysia. The facility, situated on a 17-acre site, is designed to support wafer fabrication equipment.