Software and EVs surge as US-Iran tensions ease, semis stumble — June 30, 2026
S&P 500 +1.18% · Nasdaq +2.07% · Dow +0.59% · VIX 17.6 — June 30, 2026
Markets caught a breath today on geopolitical relief. The S&P and Nasdaq rallied hard—the Nasdaq up 2.07%—after the U.S. and Iran agreed to pause escalations over the Strait of Hormuz. Gold sold off, a classic risk-on tell. Breadth was clean: 64 of the top 100 most active stocks climbed. The specific beneficiaries: software names that had been hammered on AI anxiety. NOW, WDAY, ADBE, and CRM all rebounded as traders decided OpenAI's threat to their business models was overblown. That's a reversal worth watching—not a permanent reprieve, just a day when the crowd pivoted from "AI kills SaaS" back to "SaaS still has a business."
EV stocks rode the risk-on wave. LCID jumped 15.6%, Tesla was up 8%, Rivian rallied. Figma, the design software company, spiked 10.6% on the broader tech rebound. Specialty names caught bids too: BlackBerry up 10.3%, ImmunityBio up 11.8% on Saudi expansion chatter around Anktiva, StubHub up 7.6%. But the semiconductor side got hammered. ON Semiconductor cratered 23.7%—not on its own news but as part of a broader chip sector retreat. QCOM dropped 7.6%, CRDO fell 11.2%. The headline about ON touting AI infrastructure plays didn't save it. Investors are rotating away from the picks-and-shovels play.
BE Energy, the fuel cell name, fell 18.5% despite getting inked for a debt financing deal that should've been bullish. Fermi Energy edged up 7.8% on a Texas power project win, but clean energy wasn't the main story. The macro call today was simple: geopolitical risk off, growth stocks back in, and chips left for dead. Tomorrow that calculus flips again.
Market commentary generated from the day's data and headlines — not investment advice.
Biggest moves today
- ON (ON Semiconductor Corporation) ▼ -23.66% at $90.65 on 44.2M shares — 2 Hidden Industrial Stocks That Will Benefit From the AI Infrastructure Build-Out Not Named SpaceX or Intel (Motley Fool)
- BE (Bloom Energy Corporation) ▼ -18.49% at $252.02 on 57.0M shares — FuelCell Energy Stock Breaks Out Bullishly On Debt Financing Deal (Investor's Business Daily)
- LCID (Lucid Group, Inc.) ▲ +15.63% at $5.92 on 35.5M shares — Tesla Jumps 8%, Rivian and Lucid Rise 7% as EV Stocks Ride a Tech Rebound (24/7 Wall St.)
- IBRX (ImmunityBio, Inc.) ▲ +11.81% at $8.71 on 41.2M shares — IBRX Stock At 3-Month High: Retail Bulls Eye July Catalysts Around Anktiva Saudi Expansion, Q2 Sales (Stocktwits)
- CRDO (Credo Technology Group Holding ) ▼ -11.20% at $238.00 on 38.6M shares — These 7 Stocks Will Solve AI’s Most Important Bottleneck (24/7 Wall St.)
- FIG (Figma, Inc.) ▲ +10.57% at $18.62 on 31.7M shares — Figma (FIG): The Best New Stock to Buy Other Than SpaceX (Insider Monkey)
- BB (BlackBerry Limited) ▲ +10.25% at $11.40 on 53.7M shares — Why Did SLS, BB, OUST Stocks Surge To 52-Week Highs Today? (Stocktwits)
- FRMI (Fermi Inc.) ▲ +7.84% at $9.49 on 30.5M shares — Fermi Selects TSK to Advance Engineering for Texas Power Project (Oilprice.com)
- STUB (StubHub Holdings, Inc.) ▲ +7.64% at $12.40 on 45.5M shares — GameStop vs. StubHub: Which Consumer Stock Is a Better Buy in 2026? (Motley Fool)
- QCOM (QUALCOMM Incorporated) ▼ -7.57% at $189.39 on 37.1M shares — What Future Earnings Are QQQM's Companies Forecasting? (Trefis)
Most active by volume
| # | Ticker | Price | Change | Volume |
|---|---|---|---|---|
| 1 | AAPL | $283.78 | +3.14% | 261.8M |
| 2 | AMZN | $232.69 | +2.50% | 241.2M |
| 3 | MSFT | $372.97 | +5.71% | 186.2M |
| 4 | NVDA | $192.53 | -1.64% | 179.3M |
| 5 | OPEN | $4.37 | +1.63% | 171.7M |
| 6 | CDE | $16.02 | +0.19% | 168.6M |
| 7 | AAL | $17.87 | +1.71% | 163.0M |
| 8 | NOK | $13.01 | -6.94% | 142.3M |
| 9 | SPCX | $153.23 | +0.15% | 126.9M |
| 10 | ONDS | $7.83 | +2.02% | 77.7M |
| 11 | KEEL | $6.03 | +2.73% | 122.3M |
| 12 | GOOGL | $337.39 | -1.84% | 114.7M |
| 13 | HL | $15.54 | +2.57% | 110.1M |
| 14 | INTC | $128.32 | -3.42% | 99.5M |
| 15 | PLUG | $2.54 | -1.17% | 95.7M |
| 16 | SOFI | $17.85 | +3.00% | 90.6M |
| 17 | MU | $1132.33 | -6.69% | 86.4M |
| 18 | T | $22.72 | +1.34% | 84.8M |
| 19 | GOOG | $334.69 | -2.19% | 82.5M |
| 20 | NWL | $5.82 | -1.19% | 81.3M |
| 21 | NFLX | $73.81 | +4.10% | 75.0M |
| 22 | IONQ | $49.31 | -2.47% | 22.3M |
| 23 | BMNR | $13.56 | +1.80% | 66.3M |
| 24 | PATH | $10.53 | +6.04% | 63.0M |
| 25 | WULF | $25.83 | -0.88% | 66.3M |
Market data from Yahoo Finance; insider data from SEC EDGAR Form 4. For research only — not investment advice. Verify on the official source before trading.
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