#stock Tech News.

Joby Aviation's stock fell 14.3% in Friday's trading session. The share price dropped to $9.55, down from $10.93. The company's market cap fell to $9.3 billion and trades at 84 times 2026 expected sales. Stronger-than-expected job growth in May raised concerns about economic slowdown and growth stock valuations.

Broadcom's AI chip sales rose 143% year over year to a record $10.8 billion in the fiscal second quarter. The company's revenue grew 48% to a record $22.2 billion, led by the semiconductor solutions segment. Broadcom's profit margins held near record levels. The stock fell 13% and 8% after the report, erasing hundreds of billions of dollars in market value. The decline is attributed to the stock's prior climb rather than the company's results.

Palantir's stock falls 4.3% in trading session, sliding as much as 5.4%. The Nasdaq Composite drops 4.2%, its worst daily decline since April 2025. Stronger-than-expected job growth in May adds pressure on AI stock valuations. Palantir's share price closes at $135.53, down $6.17 from previous close.

Morgan Stanley says Ford's stock has a secret weapon not fully priced in. Ford Energy, the company's battery storage initiative, has been quietly working on for about a year, is a key factor. The new partnership with EDF will deliver up to 20GWh of battery energy storage systems starting in 2028. This combines industrial-scale manufacturing with full lifecycle accountability.

Intel stock has increased by 453% in the past 12 months following government support and interest from tech companies. The U.S. government invested $8.9 billion in Intel's domestic semiconductor supply chain. Intel Foundry has attracted high-profile clients, including Amazon and Apple, for chip packaging services. Intel Foundry posted a $2.4 billion operating loss in the first quarter of 2026, but must continue to grow to be a positive contributor to Intel's business.

Navitas Semiconductor stock falls 18.42% on Friday. The share price closes at $25.02 after a session drop of $5.65. The S&P 500 declines 2.6% and Nasdaq Composite drops 4.8%. The May jobs report shows 172,000 jobs added, exceeding forecasts of 80,000. Investors fear Federal Reserve rate hikes due to rising inflation.