Jeff Bezos pushes for a redesign of streaming service Prime Video, focusing on artificial intelligence.

Citrini analyst Jukan stated in a social media post: "Don’t underestimate the competitiveness of Yangtze Memory Technologies (YMTC). The NAND flash market remains supply-tight, and this shortage will persist. It is reported that NVIDIA’s CMX cabinets are currently severely impacted by the NAND supply shortage, unable to even ship with full configurations. Some customers preparing to purchase CMX cabinets have reportedly been asked to source part of the NAND themselves to complete the full unit setup. I am not a NAND bear. Yangtze Memory still relies heavily on the consumer market, and its competitiveness should not be overlooked, but this does not mean it will push the NAND market back into oversupply."

Intel (INTC.O) is expected to release strong financial results after Thursday’s market close. Analysts polled by FactSet forecast Intel’s Q2 adjusted earnings per share at 22 cents, with revenue of $14.4 billion. Royal Bank of Canada analyst Srini Pajjuri said, “We expect server CPU sales to maintain double-digit growth throughout the year.” Layoff news may also be a key discussion point, as Intel plans to implement job cuts in its data center division. Analysts will also watch whether the company discloses details related to potential new customer Apple. In May, reports emerged that Apple and Intel had reached a preliminary deal for Intel to manufacture some chips for Apple’s devices. On June 18, Trump posted that Apple had agreed to partner with Intel to design and produce its chips in the U.S. Intel’s earnings report and performance guidance will provide much-needed clarity on the timeline for sustained chip demand, as market concerns over these issues remain unresolved.

Morgan Stanley said it has cut Alphabet (GOOG.O)’s price target from $415 to $400, lowered Tesla (TSLA.O)’s price target from $417 to $400, and raised Apple (AAPL.O)’s price target from $360 to $364.

Barclays raises Alphabet (GOOG.O) price target to $425 from $405.

The European Commission announced that Google (GOOG.O) has been fined a total of €890 million for violating EU rules. Google has 60 days to treat competitors fairly and allow app developers to direct users away from its app store. Google has made significant progress in complying with EU rules, and negotiations will continue. In response, Google said it may challenge the EU's penalty decision in court.

Tesla still projects full-year capital expenditure to exceed $25 billion, while market estimates stand at $25.09 billion.