Stocks

Broadcom said Wednesday that fiscal second-quarter revenue was $22.19 billion, slightly below expectations, sending the stock lower in extended trading. Adjusted EPS came in at $2.44 versus estimates of $2.40, and the company guided current-quarter revenue to about $29.4 billion.

Honeywell Aerospace CEO Jim Currier said the unit expects faster earnings growth as it prepares to separate from Honeywell International later this month. The company is targeting at least $6.5 billion in annual earnings and at least $4 billion in full-year free cash flow by 2030, after projecting 2026 adjusted EBIT of $4.65 billion to $4.75 billion.

Microsoft (NASDAQ: MSFT) presented its Majorana 2 quantum chip at its Build conference, saying it delivers a 1,000x jump in qubit reliability and supports a path to scalable systems by 2029. The company said parity lifetimes average about 20 seconds, with some runs reaching up to a minute, and positioned Azure Quantum as the commercialization layer for future fault-tolerant workloads.

Payward, the parent of Kraken, says it will roll out a way for Kraken users and selected xStocks partners to access tokenized allocations of U.S.-listed IPOs at the offering price in the coming weeks. Users will be able to submit a pre-listing indication of interest, then receive tokenized shares on listing day, with the tokens backed 1:1 by the underlying stock.

Strategy sold 32 BTC on June 3, 2026 for about $2.5M, a small transaction that coincided with a sharp market reaction as Bitcoin fell 3.1% to $65,391. Over the same period, nearly $4Bn was pulled from US-listed Bitcoin ETFs across the next 12 sessions, and total crypto market value was said to be down roughly $160Bn within the week. The episode revived debate over whether the sale signals a change in stance or routine treasury management.

Strategy (NASDAQ: MSTR) fell to $136.62, about 30% below its May 11 intraday peak of $197 and closing high of $195.94. The move followed the company's sale of 32 BTC worth roughly $2.5 million, as Bitcoin also declined 11.42% over the past week to $67,153 by June 3. From May 28 to June 3, 2026, the broader crypto market lost $170 billion in total capitalization.

SpaceX is seeking underwriting fees below 0.75% for an IPO that aims to raise about $75 billion, a structure that would still leave banks expecting roughly $500 million in total fees. The Nasdaq roadshow is set to start on June 4, with pricing planned for June 11 and a targeted listing on June 12 under ticker SPCX.

Marvell Technology (MRVL) exploded 32.52% today to $290.79 following massive AI endorsements. Discover what Marvell does, the drivers behind today’s rally, the 2026 price outlook, and why traders are turning to BingX.

Meta Description: Micron Technology (MU) rose 2.84% today to $1,064.10 amid massive analyst upgrades and memory demand. Discover what Micron does, the drivers behind today’s rally, the 2026 price outlook, and why traders are turning to BingX.

Lumentum Holdings Inc (LITE) surged 13.72% today to $1,029.15 amidst heavy buying volume. Discover what Lumentum does, the drivers behind today’s rally, the 2026 price outlook, and why traders are turning to BingX.