Wall Street starts the week with two linked stories: an index rotation and a semiconductor swing. Both center on the same theme, which is AI infrastructure.
CoreWeave officially joins the Nasdaq-100 tonight. Funds that track the benchmark must buy the stock. At the same time, chip names will decide whether the tech indices can hold against pressure elsewhere.
Here is the watchlist and the catalysts to follow into the US session.
| Stock | Movement | What to Watch |
|---|---|---|
| CRWV | Joins Nasdaq-100 today | Mechanical buying from index trackers as the stock enters the benchmark. |
| QQQ | Quarterly rebalance day | The ETF adds five new members at once, including CoreWeave. |
| MU | Earnings due 24 Jun | AI memory demand and sharply higher analyst targets are in focus. |
| INTC | Riding the chip rebound | Recovering with the sector; watch whether the momentum holds. |
| AVGO | Pressured after AI guide | Soft AI chip sales guidance is weighing on the stock. |
CoreWeave (CRWV) officially joins the Nasdaq-100 before today's open. It enters alongside four other names: Astera Labs, Nebius, Rocket Lab, and Teradyne. The index is tracked by more than 200 investment products with over 800 billion dollars in assets. That means a wave of automatic buying from passive funds.
The Nasdaq-100 rebalancing in June 2026 became a historic moment because it applied a new methodology that created a fast-track entry path for CoreWeave (CRWV), just 15 months after its IPO, driven by the massive growth of its AI GPU-as-a-service business.
Micron (MU) reports fiscal third-quarter results on Wednesday, 24 June, after the close. Consensus points to revenue near 34.8 billion dollars. The company's HBM memory capacity is reported sold out through 2026. Several major analysts have raised their price targets ahead of the report.
Semiconductor strength is the swing factor for the tech indices. Intel (INTC) is recovering with the sector. Broadcom (AVGO), however, remains under pressure after its AI chip sales guidance missed expectations. This mix keeps chips worth watching closely.
US stocks moved lower this morning, with the S&P 500 down 0.5% and the Nasdaq-100 falling 0.6%. Market participants remained cautious as they closely monitored US-Iran war negotiations in Switzerland and awaited the release of core PCE inflation data on Thursday this week.
Oil is up about three percent on Strait of Hormuz risk. This week's PCE inflation data is the key driver for rate expectations.
Tonight's theme is clear. AI is moving both the index and the chip sector at once. CoreWeave gets a technical boost from its Nasdaq-100 entry, while Micron sets the stage with its earnings report.
Watch whether chip strength is enough to offset pressure from oil and inflation data. Position to your plan, not to the hype.
Check watchlist on Gotrade and follow your favorite stocks into tonight's session.
Disclaimer
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
