{"id":62828,"date":"2026-06-08T08:38:18","date_gmt":"2026-06-08T12:38:18","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-stocks-rally-on-amazon-corning-deal-and-nvidia-ai-expansion-israel-shifts-strategy\/62828\/"},"modified":"2026-06-08T08:38:18","modified_gmt":"2026-06-08T12:38:18","slug":"tech-stocks-rally-on-amazon-corning-deal-and-nvidia-ai-expansion-israel-shifts-strategy","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-stocks-rally-on-amazon-corning-deal-and-nvidia-ai-expansion-israel-shifts-strategy\/62828\/","title":{"rendered":"Tech Stocks Rally on Amazon-Corning Deal and Nvidia AI Expansion; Israel Shifts Strategy"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Nasdaq 100 futures surged 1.5%<\/strong> in <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">pre-market trading<\/a>, driven by a wave of high-profile AI partnerships and corporate expansions.<\/li>\n<li><strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>) and Corning (<a href=\"\/stock\/GLW\">GLW<\/a>)<\/strong> announced a major pact to create <strong>1,000 advanced manufacturing jobs<\/strong> in North Carolina to boost U.S. fiber optics production.<\/li>\n<li><strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>) and SK Hynix<\/strong> entered a multiyear partnership for next-gen AI memory, which Nvidia CEO Jensen Huang suggests could generate <strong>hundreds of billions of dollars<\/strong> in future business.<\/li>\n<li><strong>Israel has reportedly halted strikes on Iran<\/strong> at the request of Donald Trump, according to senior officials, though operations against Hezbollah in Lebanon remain at &quot;full strength.&quot;<\/li>\n<li><strong>Europe&#39;s &quot;digital sovereignty&quot; push<\/strong> is accelerating as governments begin ditching U.S. software and cloud providers in favor of local alternatives.<\/li>\n<\/ul>\n<h2>Amazon and Corning Bolster U.S. Infrastructure<\/h2>\n<p>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>) has reached a landmark agreement with Corning (<a href=\"\/stock\/GLW\">GLW<\/a>) to expand fiber optic manufacturing and technician training within the United States. The deal is expected to create <strong>1,000 advanced manufacturing jobs<\/strong> in North Carolina, focusing on the critical infrastructure needed for high-speed data transmission and AI scaling.<\/p>\n<p>The partnership also includes a new program to expand <strong>fiber optic technician training<\/strong>, ensuring a skilled workforce is available to support the nationwide build-out. <em>Analysts view this as a strategic move to secure supply chains for Amazon\u2019s massive data center investments.<\/em><\/p>\n<h2>Tech Sector Leads Pre-Market Gains<\/h2>\n<p>The <strong>Nasdaq 100 futures climbed 1.4% to 1.5%<\/strong> on Monday morning following a series of bullish announcements from semiconductor and hardware giants. Marvell (<a href=\"\/stock\/MRVL\">MRVL<\/a>) saw shares jump <strong>7.3%<\/strong>, while Flex (<a href=\"\/stock\/FLEX\">FLEX<\/a>) rose <strong>2.8%<\/strong> on news that it will join the <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> on June 22, replacing Campbell Soup (<a href=\"\/stock\/CPB\">CPB<\/a>).<\/p>\n<p>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>) shares rose <strong>1.8%<\/strong> after formalizing a deep tech partnership with SK Hynix for next-generation memory used in AI servers and robotics. Additionally, AMD (<a href=\"\/stock\/AMD\">AMD<\/a>) announced plans to invest <strong>$2 billion in the UK<\/strong> over the next five years to foster AI innovation and research.<\/p>\n<h2>Geopolitical Shifts and Middle East Tensions<\/h2>\n<p>In a significant diplomatic development, a senior Israeli official reported that <strong>Israel is halting strikes on Iran<\/strong> following a request from Donald Trump. While the direct confrontation with Tehran appears to be cooling, the IDF confirmed that operations in <strong>Southern Lebanon<\/strong> will continue at full strength, with threats to bomb Dahiyeh if attacks on Israeli citizens persist.<\/p>\n<p>Hezbollah claimed responsibility for a <strong>rocket barrage<\/strong> targeting an Israeli artillery site in Adaisa, and sirens continue to sound across Northern Israel. Meanwhile, Iraq has officially <strong>reopened its airspace<\/strong> to commercial flights, signaling a potential stabilization in regional transit despite the ongoing border skirmishes.<\/p>\n<h2>Macro Outlook and Regulatory Headwinds<\/h2>\n<p>Investors are bracing for the <strong>May CPI report<\/strong>, with estimates suggesting a &quot;hot&quot; headline print due to war-related costs, though core inflation is expected to remain milder. In trade news, Indian officials are reportedly pushing for <strong>preferential tariffs<\/strong> in a new deal with the U.S. to gain a competitive edge over other emerging economies.<\/p>\n<p>On the regulatory front, U.S. tech giants face growing pressure in Europe as a <strong>&quot;digital sovereignty&quot; push<\/strong> gains momentum. According to reports from <em>Wired<\/em>, European governments are increasingly ditching U.S. cloud and AI software to reduce reliance on American technology, potentially threatening the long-term market share of major U.S. software providers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Nasdaq 100 futures surged 1.5% in pre-market trading, driven by a wave of high-profile AI partnerships and corporate 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