Tech stocks today: Uber and Lucid expanding in Houston, Intel's latest chip moves

Tech stocks today: Uber and Lucid expanding in Houston, Intel's latest chip moves Yahoo Finance Updated Mon, June 22, 2026 at 4:36 PM GMT+2 1 min read MU AAPL Tech stocks swung higher Thursday on optimism over the US-Iran deal. Intel gained more than 10% after President Trump posted on Truth Social that the company is working with Apple to build chips for the iPhone maker. Apple stock was flat on the day.

SpaceX closed out the day lower for the second straight day for the first time since it began training on the public market. Shares were off roughly 3. 5%.

On Wednesday, Uber and Lucid announced that they're expanding their robotaxi service to Houston . The companies previously announced San Francisco as their launch city, with plans to begin offering autonomous rides later this year. Houston will get self-driving rides in 2027.

LIVE COVERAGE IS OVER 10 updates Thu, June 18, 2026 at 9:06 PM UTC Daniel Howley Anthropic's battle with the Trump administration could mean trouble for AI Anthropic ( ANTH. PVT ) met with members of the Trump administration this week as the AI lab seeks to reach an agreement that will allow it to begin using its Fable 5 and Mythos 5 models again. The administration issued an export control directive against the models last Friday, preventing Anthropic from allowing any foreign national, inside or outside the US, to access the software.

And that includes Anthropic employees. Dario Amodei, CEO & Co-Founder of Anthropic, speaks on a panel at the convening of the International Network of AI Safety Institutes at the Golden Gate Club at the Presidio in San Francisco, Nov. 20, 2024.

(AP Photo/Jeff Chiu, File) · AP Photo/Jeff Chiu Not being able to show off its latest and greatest models puts the company in a tough spot as it prepares for its initial public offering later this year. But the administration's approach could pose problems for more than just Anthropic. "Not being able to make available two flagship models does disrupt enterprise commitments and pauses momentum at a critical growth stage ahead of its IPO," Gartner analyst Arun Chandrasekaran explained.

"At the same time, the ban could eventually extend to other frontier labs like OpenAI ( OPAI. PVT ) and Google ( GOOG , GOOGL ), in which case organizations may be locked out from all leading US models equally. " Read more here.

Thu, June 18, 2026 at 8:03 PM UTC Daniel Howley Intel to build chips for Apple, Trump claims Intel ( INTC ) stock soared 10% on Thursday after President Trump posted on Truth Social that Apple ( AAPL ) has agreed to work with the chipmaker to build its processors. Intel had no comment on the post. Trump's statement follows an earlier report from the Wall Street Journal that the two companies had reached a preliminary agreement under which Intel would manufacture chips for the iPhone maker.

Intel CEO Lip-Bu Tan attends the annual Computex trade show in Taipei, Taiwan, June 2, 2026. REUTERS/Tsai Hsin-Han · REUTERS / REUTERS In a note to investors, Bernstein analyst Stacy Rasgon speculated that the tie-up will likely revolve around "low-volume, less important parts," adding, "Intel will of course have to prove their mettle before being granted more substantial wins, but the first step is always the hardest, so at least they appear to be taking that step. " Apple previously used Intel's chips in its laptops and desktops, but later abandoned Intel in favor of designing its own custom chips.

Read more here. Wed, June 17, 2026 at 2:30 PM UTC Pras Subramanian Uber and Lucid pick Houston for next robotaxi market Uber ( UBER ) and Lucid ( LCID ) are expanding their robotaxi venture, naming Houston as the second planned market for the autonomous ride-hailing service the two companies are building with self-driving startup Nuro. The announcement comes weeks after Lucid named Silvio Napoli as its incoming chief executive and secured $750 million in fresh capital — $550 million from an affiliate of Saudi Arabia's Public Investment Fund (PIF) and $200 million from an Uber subsidiary — underscoring how tightly the two PIF-backed companies have combined their autonomous futures.

Lucid, Nuro, and Uber unveil a robotaxi during Nvidia Live at CES 2026 ahead of the annual Consumer Electronics Show in Las Vegas, Nevada, on January 5, 2026. (Photo by Patrick T. Fallon / AFP via Getty Images) · PATRICK T.

FALLON via Getty Images Houston will follow the program's first market, the San Francisco Bay Area, where Uber still plans to launch commercially later this year. The Texas service is slated for mid-2027, with dozens more cities to come over the following years. Autonomous on-road testing is already underway in Houston.

Uber said its robotaxi engineering fleet now spans nearly 100 vehicles across California and Texas, running around the clock. Read more here. Wed, June 17, 2026 at 1:55 PM UTC Daniel Howley Intel beings production of latest chip, as it pushes to rival TSMC Intel ( INTC ) on Tuesday said that its anticipated Intel 18A-P process node has entered initial production.

A process node serves as a blueprint for both Intel chips and processors the company plans to build for foundry customers. Intel currently offers its 18A process technology, which it uses to manufacture its latest Core Series 3 processors for consumer laptops, as well as its Xeon 6+ for data centers. Intel CEO Lip-Bu Tan delivers a speech during the Computex 2026 exhibition in Taipei, Taiwan, Tuesday, June 2, 2026.

(AP Photo/Chiang Ying-ying) · AP Photo/Chiang Ying-ying The 18A-P node is an upgraded, performance-focused version of 18A, designed for improved efficiency and output. After the initial manufacturing phase, 18A-P will go into high-volume manufacturing. For Intel, the progress on 18A-P is yet another milestone in its ongoing turnaround effort, which began under prior CEO Pat Gelsinger, who was ousted in 2024 and replaced by current CEO Lip-Bu Tan in 2025.

The chip giant is also working to build a customer base to turn its foundry business into a competitor to TSMC. Read more here. Tue, June 16, 2026 at 2:15 PM UTC Daniel Howley Microsoft launches new Surface Laptop, Surface Pro amid AI memory crunch Microsoft ( MSFT ) launched its latest Surface line of laptops and two-in-one systems on Tuesday as the PC industry and consumers continue to grapple with AI-driven price increases.

The new Surface models include the Surface Pro 13-inch, which starts at $1,499, and the Surface Laptop, which starts at $1,599 — significantly more expensive than the prior-generation Surface Pro and Surface Laptop, which Microsoft launched at $999 in 2024. The Surface Pro 13-inch is a two-in-one combination laptop-tablet that connects to a separate keyboard cover, while the Surface Laptop is a traditional clamshell notebook. It's available with either a 13.

8-inch screen or a 15-inch panel. Both computers come equipped with Qualcomm's ( QCOM ) Snapdragon X2 family of processors. According to Microsoft, Snapdragon X2, available in X2 Plus or high-power X2 Elite versions, delivers improved graphics performance, with up to a 53% boost on the Surface Pro and a 58% improvement for the Surface Laptop.

The Surface Laptop also gets up to 15. 5 hours of battery life. The 13.

8-inch Surface Laptop offers up to 20 hours, and the 15-inch Surface Laptop will last up to 19 hours on a charge. Read more here. Tue, June 16, 2026 at 1:46 PM UTC Pras Subramanian SpaceX to buy AI coding platform Cursor for $60 billion SpaceX ( SPCX ) confirmed on Tuesday that it will acquire Anysphere, the company behind the AI coding tool Cursor, for $60 billion.

In a filing , SpaceX confirmed the deal will be an all-stock transaction, with the company expecting the merger to close during the third quarter, pending regulatory approvals. The agreement follows an option SpaceX secured in April of this year, where SpaceX obtained the right either to pay roughly $10 billion for a partnership with Cursor or to acquire the company for $60 billion later in the year. SpaceX shares were up in pre-market trade, poised for 3 straight days of gains since its IPO .

Cursor's business has scaled rapidly since its founding in 2022, with roughly $2. 6 billion in annualized revenue and enterprise sales rising, per Reuters . In April, the company had been in talks to raise new funding at a valuation of roughly $50 billion .

Read more here. Mon, June 15, 2026 at 6:37 PM UTC Daniel Howley Anthropic to meet with Trump administration over AI model dispute Just days after Anthropic ( ANTH. PVT ) launched its Mythos-class Fable 5 AI model , the US government has forced the company to take it down.

The Trump administration issued an export control directive ordering the company to suspend access to its Fable 5, as well as its Mythos 5, to any foreign national inside and outside of the US, effectively forcing it to disable the AI software. Anthropic has been forced to take its most powerful AI model offline. (Photo Illustration by Matteo Della Torre/NurPhoto via Getty Images) · NurPhoto via Getty Images A source familiar with the situation says that Anthropic’s senior technical staff are currently in Washington to meet with White House officials in person and have spoken with them virtually each day since the directive was issued.

Anthropic says the government believes it has found a way to "jailbreak" Fable 5, or trick it into performing actions it otherwise shouldn't be able to. Anthropic claims the government has only provided verbal evidence of a "potential narrow, non-universal jailbreak, which essentially consists of asking the model to read a specific codebase and fix any software flaws. " Read more here.

Mon, June 15, 2026 at 2:37 PM UTC Pras Subramanian SpaceX stock jumps for 2nd day, up over 25% since debut SpaceX ( SPCX ) stock jumped nearly 8% in early trade, giving the shares a two-day pop of over 25% since the rocket company's market debut on Friday. SpaceX had offered 555. 6 million shares to investors, raising a record $75 billion.

The appetite for SpaceX shares seems unabated, with some commentators now likening it to a momentum stock , though one that could be volatile. "SpaceX going public is an important watershed moment for the broader tech sector in our view as this AI Revolution and data takes this next step forward," Wedbush analyst Dan Ives wrote on Monday, predicting it will lead to more capital deployed at the companies and boost upcoming IPOs for Anthropic and OpenAI. Read more .

Mon, June 15, 2026 at 10:15 AM UTC Grace O'Donnell SpaceX becomes more valuable than Tesla On Friday, SpaceX ( SPCX ) stock closed at $160. 95 per share, rising more than 19% from its IPO price of $135 and valuing the company at $2. 1 trillion, according to Yahoo Finance data.

That makes Musk’s rocket, satellite, and AI company his most valuable, even more than Tesla ( TSLA ), which also rose Friday and has a market capitalization of $1. 52 trillion. SpaceX also became the world’s seventh-largest public company by market cap on Friday and the sixth-largest US public company.

Only Nvidia ( NVDA ), Alphabet ( GOOG , GOOGL ), Apple ( AAPL ), Microsoft ( MSFT ), Amazon ( AMZN ), and Taiwan Semiconductor ( TSM ) are larger. Notably, the distinction between Tesla and SpaceX may eventually become a thing of the past. A merger between the two companies is reportedly being openly discussed.

"In our view, there is a growing chance that Tesla will eventually be merged in some form into SpaceX/xAI over time,” Wedbush analyst Dan Ives wrote in a note to clients earlier this year. “The view is this growing AI ecosystem will focus on Space and Earth together ... and Musk will look to combine forces/technologies over time.

" Mon, June 15, 2026 at 10:00 AM UTC Ines Ferré This market is at 'a 10': Wall Street weighs record SpaceX IPO amid AI-driven stock market SpaceX's ( SPCX ) record IPO is a reassuring sign for Wall Street that the AI bull market may have plenty of runway to go. Earlier in the week, a pullback in technology stocks sparked concerns about the market's capacity to absorb a wave of new share issuance. Those worries intensified amid a surge of AI-related fundraising, including capital raises by Alphabet ( GOOG , GOOGL ) and anticipated IPOs from ( OPAI.

PVT ) and Anthropic ( ANTH. PVT ). Elon Musk celebrates the SpaceX IPO at Starbase, Texas.

"When you talk about absorbing it, this market has been able to absorb virtually anything," Lossdog founder and CEO Tom Sosnoff told Yahoo Finance the day SpaceX went public. "On a scale from 1 to 10, I would say it's a 10. " SpaceX stock soared nearly 20% on Friday, with retail investors playing a key role in the IPO, driven in part by enthusiasm for founder Elon Musk's vision.

"The big X factor is Elon's army of retailer support," Fortuna Investments CEO Justus Parmar told Yahoo Finance ahead of the first trade on Friday morning. Read more here.