A US-Iran peace memo erased the VIX, chips are hitting record highs, and we're stuck watching software pay for Accenture's sins ahead of Monday's liquidity hangover

Evening brief: A US-Iran peace memo erased the VIX, chips are hitting record highs, and we're stuck watching software pay for Accenture's sins ahead of Monday's liquidity hangover

Published Jun 20, 2026, 3:14 PM EDT

Chips Lead Rebound as VIX Plunges

The Nasdaq surged as semiconductors hit record highs, aided by falling volatility following a US-Iran peace memorandum.

TSM Surges on Planned Price Hikes

Shares jumped 7% after management projected revenue growth above 30% and signaled potential 15% foundry price increases.

AMD Rallies on Rackspace AI Pact

The stock rose almost 5% following analyst upgrades and a multi-year deal to deploy AI compute capacity for Rackspace.

CRM Slides on Accenture Guidance Cut

Software lagged after Accenture slashed its revenue outlook, sparking fears of a slowdown in discretionary IT spending.

Watch for Monday Liquidity Reset Volatility

Following the Juneteenth holiday, expect sharp intraday price swings and shifting rate expectations when regular trading resumes.

Posture: Cautiously opportunistic. Capitalizing on fear-driven discounts while riding AI hardware momentum amidst plunging volatility.

Tickers in focus: TSM, AMD, ACN

Upcoming earnings

• UNH — 2026-07-10, Before Market Open
• AMD — 2026-08-03, After Market Close
• LLY — 2026-08-05, TBD
• NVDA — 2026-08-25, After Market Close

The day's lineup changes

No lineup changes this day.