Semiconductor supply and execution
Tower Semiconductor reported more than 5M photonic-chip shipments to Marvell, Amazon confirmed discussions to sell its in-house AI chips, and Intel hired former SK Hynix CEO Seok-Hee Lee to lead advanced packaging.
June 18, 2026 · QQQ/SPY Market Review · 36 headlines
Chip and Iran updates accompany gains of 2.40% for QQQ and 0.81% for SPY
QQQ rose 2.40% while SPY added 0.81%, leaving the tech-heavy fund ahead by 1.59 percentage points. Semiconductor shipments and hiring, evolving U.S.-Iran terms, and Accenture’s weaker outlook supplied the main context.
Published
- QQQ
- +2.40%
- SPY
- +0.81%
- QQQ − SPY
- +1.59%
What shaped the session
Iran agreement follow-through
The review added concrete terms on frozen funds and prospective U.N. endorsement, followed later by the Swiss foreign ministry’s cancellation of planned U.S.-Iran talks.
Enterprise outlook risk
Accenture beat earnings expectations but missed on revenue and issued a weaker FY26 outlook, providing a company-level counterpoint to the broader technology advance.
Key news
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