Bursa Stocks To Watch (26 June 2026): Apple Slide Offsets Stellar Micron Jump (M+ Global View)

Global equity markets enter Friday with two overlapping narratives. On one side, blowout quarterly results from Micron Technology (MU) once again reinforce the AI memory cycle thesis. On the other, Wall Street remains weighed down by negative momentum - this time triggered by Apple, after the tech giant announced price increases across its product line-up. It is this combination of two opposing forces that is expected to colour trading on Bursa Malaysia today.

This article summarises the M+ Global Market Update dated 26 June 2026, themed "Apple Slide Offsets Stellar Micron Jump". It is important to understand: all the market views and the "stocks to watch" list below are the analysis and opinion of M+ Global, not buy or sell recommendations from mahersaham.com. We share this summary purely as reference and market education material.

Disclaimer: The information in this article is not investment advice. It is a summary of a third party's views (M+ Global) for educational purposes. Any decision to buy or sell shares is your own responsibility. Please do your own research or consult a licensed financial adviser before investing.

Today's Theme: Apple Slides, Micron Jumps

The big market theme on 26 June 2026 is a clash between two forces in the US tech sector. On one corner, Micron Technology (MU) posted quarterly results that beat expectations - further solid proof that demand for AI memory chips remains robust. On the opposite corner, Apple shares fell after the company announced price increases across its MacBooks, iPads and home devices.

As a result, despite the positive news from Micron, Wall Street as a whole still extended its negative momentum because Apple's heavy weighting in the major indices dragged sentiment lower. This is exactly what "Apple Slide Offsets Micron Jump" means - the slide in one large stock offsets the jump in another that carries less index influence. If you are still unclear how a single stock can move an entire index like the Dow Jones, S&P 500 and Nasdaq, read The Difference Between Dow Jones, S&P 500 and Nasdaq as a foundation first.

Wall Street Outlook: Negative Momentum Despite a Stellar Micron

According to M+ Global, Wall Street extended its negative momentum even as Micron reported strong results. The main source of pressure was Apple, which announced price increases across MacBooks, iPads and home devices. The announcement raised concerns about consumer demand and pricing power amid still-high living costs - weighing on sentiment broadly.

Yet beneath this short-term weakness, M+ Global sees a far bigger structural narrative remaining intact: the AI supercycle. Three developments support that view.

Apple: Product Price Hikes Pressure Sentiment

Apple announced price increases across various product categories - from MacBooks and iPads through to smart home devices. While a strategy of raising prices can protect profit margins, it also risks hurting demand if consumers start cutting back spending. It is this concern that caused Apple shares to slide, and because Apple is one of the largest-weighted companies in the S&P 500 and Nasdaq, its move had a direct impact on the broader market.

Micron, Qualcomm & MACOM: The AI Supercycle Stays Intact

In contrast to Apple's weakness, M+ Global stresses that the AI supercycle thesis stays intact, supported by three developments:

• Micron (MU) posted quarterly results that beat expectations. Micron is one of the world's leading memory chip makers (DRAM and high-bandwidth memory/HBM), critical components in AI servers and processors. This strong showing is an early signal that AI infrastructure demand remains robust.
• Qualcomm projected data centre revenue reaching USD15 billion by FY29 - a 50-fold leap versus the estimated USD0.3 billion for FY26. This aggressive projection, according to M+ Global, validates that demand for AI computing is not just short-term hype. Official reference on Qualcomm's data centre segment can be checked on the Qualcomm website.
• MACOM Technology Solutions remains an M+ Global pick as a potential candidate for inclusion in the S&P 500. MACOM is also riding the data centre boom through its 1.6Tb and 3.2Tb optical solutions - technology that lets data move at high speed between AI servers. More on the company's portfolio is available on the MACOM website.

The logic behind M+ Global's list is simple: when demand for memory chips and AI infrastructure stays strong - as evidenced by Micron and projected by Qualcomm - companies across the supply chain also stand to enjoy the same momentum. This AI cycle theme is nothing new; we previously compared the narrative of core companies in the AI boom with past tech cycles in Is NVIDIA Today the Cisco of 2000?, and listed other players that could benefit in Beyond NVIDIA: 8 Companies Winning From the AI Boom.

Bursa Malaysia Outlook: KLCI Set to Trade Cautiously

Turning to the local market, M+ Global expects the FBM KLCI (the index of 30 leading Bursa Malaysia companies) to trade cautiously today, tracking Wall Street's mixed performance overnight. When overseas cues offer no clear direction, the local market tends to move within a tight range while investors await fresh catalysts.

YBS: Technical Breakout & the Allied Technologies Acquisition

One local stock catching M+ Global's attention is YBS International (YBS). Following its acquisition of the Singapore company Allied Technologies back in January, YBS has reportedly continued to form a pattern of higher-lows and higher-highs - a technical sign of an uptrend. The counter also recorded a technical breakout yesterday.

What is a breakout? In short, it occurs when a stock price pushes through an important resistance level with momentum, often accompanied by rising volume. If you want to understand this concept more deeply, read What Is a Breakout? Tips for Buying Breakout Stocks and How to Tell a Successful Breakout.

On the fundamental side, M+ Global views the Allied Technologies acquisition as a long-term catalyst. According to M+ Global, the deal is expected to:

• Quadruple YBS's revenue over the next two to three years;
• Expand its international geographic footprint into Vietnam and Thailand;
• Triple its workforce from 1,000 to 3,000 employees.

It is this combination of a technical breakout with a fundamental growth thesis that makes YBS one of M+ Global's preferred counters in today's edition. Again, this is M+ Global's view - not a guarantee that the price will rise.

SAM: A Pure-Play Proxy for Applied Materials

Within the technology sector, M+ Global also likes SAM Engineering & Equipment (SAM), seen as a pure-play proxy for Applied Materials. "Pure-play" means a large part of SAM's business is concentrated on a single client or theme - in this case, manufacturing semiconductor equipment for Applied Materials, one of the world's largest chip fabrication equipment suppliers.

The thesis is straightforward: when demand for semiconductor equipment rises in tandem with the AI supercycle, companies like SAM that supply components and services to Applied Materials also stand to enjoy the same momentum. This is how Bursa investors can gain indirect exposure to the global AI theme through a local counter. For a broader picture of why this sector is expected to shine again, read 2026 Economic Outlook: Malaysia's Technology & Semiconductor Sector.

Full "Stocks To Watch" List (M+ Global's View)

Beyond the stocks mentioned above, M+ Global also lists several stocks to watch across various sectors. The stocks shown in bold are picks that M+ Global gives special emphasis. Again, these are M+ Global's views, shared for reference only:

Sector	Stocks To Watch (M+ Global)
Technology	3REN, EG, INARI, MCLEAN, OPPSTAR, SNS, TTVHB, UWC, VITROX
Utility	UUE
Automotive	BAUTO, BETA
Building Material	YBS

This list shows M+ Global's heavy tilt toward the technology sector - in line with the AI supercycle theme and the momentum from Micron, Qualcomm and MACOM - while also paying attention to the utility, automotive and building material sectors. Investors can use this list as a starting point for their own research, not as an automatic buy signal. To understand the real meaning of terms like "Buy", "Sell" and "Neutral" often used in M+ Global commentary, read What Does Neutral Mean in M+ Global?.

What Can Investors Do in This Situation?

In a mixed market - with short-term pressure from Apple but a structural AI theme that stays strong - a few basic principles are always relevant:

1. Separate short-term noise from long-term themes. Apple's slide over product pricing is a short-term event, while Qualcomm's data centre projection out to FY29 is a multi-year theme. The two do not carry equal weight in long-term investment decisions.
2. Understand the source of the view. The stocks to watch list above comes from M+ Global. Before acting, check the charts, financial reports, and Shariah status (if relevant) of each stock yourself.
3. Be careful with breakouts. A technical breakout like the one noted for YBS is an indicator, not a guarantee. Not all breakouts succeed - some "fail" and reverse. Manage your risk and do not chase prices blindly.

For investors just starting out trading Bursa and overseas stocks, you can refer to our guide on how to buy Bursa Malaysia shares using the Mplus Global app. To keep up with the latest market developments, news portals such as Bernama can also help.

Frequently Asked Questions (FAQ)

1. Are the stocks listed in this article recommendations from mahersaham.com?
No. All the market views and "stocks to watch" list in this article are M+ Global's analysis. Mahersaham.com only summarises and explains those views for educational purposes, not as buy or sell recommendations.

2. What does the theme "Apple Slide Offsets Stellar Micron Jump" mean?
It means the slide in Apple shares - following its product price hike announcement - offsets the stellar jump in Micron shares, which posted excellent results. As a result, Wall Street as a whole still moved lower despite the good news from Micron.

3. Why do Apple's product price hikes pressure its shares?
While raising prices can protect profit margins, it risks hurting demand if consumers cut spending. Because Apple is one of the largest-weighted companies in the S&P 500 and Nasdaq, a drop in its shares has a big impact on the broader market.

4. What is M+ Global's evidence that the AI supercycle stays intact?
Three developments: Micron's quarterly results beating expectations, Qualcomm projecting data centre revenue of USD15 billion by FY29 (50 times the USD0.3 billion estimated for FY26), and MACOM Technology Solutions' momentum in 1.6Tb and 3.2Tb optical solutions for data centres.

5. Why does M+ Global like YBS?
YBS recorded a technical breakout yesterday with a higher-lows and higher-highs pattern. On the fundamental side, M+ Global sees the Allied Technologies (Singapore) acquisition as potentially quadrupling revenue over two to three years, expanding operations into Vietnam and Thailand, and tripling the workforce to 3,000 employees.

6. What does SAM being a "pure-play proxy" for Applied Materials mean?
It means a large part of SAM's business is concentrated on supplying components and services to Applied Materials, a global semiconductor equipment supplier. So SAM's performance largely depends on demand for Applied Materials - making it an indirect way for Bursa investors to gain exposure to the global AI theme.

7. Are the stocks mentioned here Shariah-compliant?
This article does not verify the Shariah status of any stock. If Shariah compliance matters to you, please check the stock's status in the list of Shariah-compliant securities issued by the Securities Commission Malaysia before investing.

Conclusion

The big market theme on 26 June 2026 is a clash between short-term pressure and a long-term structural theme. Apple's slide over product price hikes offsets Micron's stellar jump, keeping Wall Street negative. But beneath that short-term noise, M+ Global stresses that the AI supercycle stays intact - supported by Micron's strong results, Qualcomm's data centre projection out to FY29, and MACOM's momentum. On Bursa Malaysia, the KLCI is expected to be cautious, with YBS (technical breakout + the Allied Technologies thesis) and SAM (an Applied Materials proxy) among M+ Global's preferred counters. All of this, once again, is M+ Global's view shared as educational reference.

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Further Reading

• Bursa Stocks To Watch (25 June 2026): Micron Outperforms, Eyes on US Economic Data
• Is NVIDIA Today the Cisco of 2000? History's Lessons & Other AI Stocks for Investors
• Beyond NVIDIA: 8 Companies Winning From the AI Boom
• 2026 Economic Outlook: Why Malaysia's Technology & Semiconductor Sector Is Set to Roar Again
• What Is a Breakout? Tips for Buying Breakout Stocks

Source of market views and stocks to watch: M+ Global Market Update (26 June 2026). This article is not investment advice.