finance
U.S. Tech Stocks Fall as SpaceX and Alphabet Lead Declines
U.S. tech stocks declined on June 22, 2026, with SpaceX extending losses and Alphabet heading for its worst day in a year. The moves occurred even as the government expressed optimism about Iran peace talks. Analysts pointed to data-center investment as support for the sector.
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U.S. tech stocks fell on June 22, 2026, led by continued declines at SpaceX and a sharp drop at Alphabet. SpaceX extended a multi-day slide after announcing on June 18 that it would begin an inaugural bond sale shortly after its IPO, Semafor reported.
Alphabet shares were on track for their weakest single-day performance in a year after two senior Google DeepMind employees left for other companies, including a Nobel Prize winner who joined Anthropic. The U.S. government separately projected optimism about ongoing peace talks with Iran on the same day.
A senior portfolio manager told Bloomberg that the outlook for AI-infrastructure stocks remains strong because of record spending on data-center construction. Semafor published the report at 6:41 p.m. EDT.
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