TradingKey

TradingKey - The S&P 500 Index rose for nine consecutive trading days on June 2, reaching a new all-time high and marking its longest winning streak in over a year. The performance of the S&P 500 serves as a direct indicator of the overall trend of the U.S. stock market. From the perspective of asset allocation, investing in the S&P 500 is equivalent to allocating capital to a portfolio that is deeply coupled with the overall performance of the U.S. macroeconomy. Therefore, investing in the S&P 500 is essentially a bet on the medium-to-long-term growth potential and earnings capacity of U.S. listed companies.

Tradingkey - On June 5, AI investment sentiment continued to recede, causing the three major US stock indices to fall sharply, with tech stocks leading the broader market decline. By the close, the Dow Jones Industrial Average fell 1.35% to 50,866.78 points; the S&P 500 Index dropped 2.64% to 7,383.74 points; and the Nasdaq Composite Index plummeted 4.18% to 25,709.43 points.

TradingKey - On June 3 (ET), despite ASIC giant Broadcom reporting impressive quarterly results—with revenue exceeding $22 billion for the first time (up 48% YoY) and AI semiconductor revenue reaching $10.8 billion (up 143% YoY), both slightly beating expectations—shares still plunged over 15% after hours and ultimately closed down 13.78%.

Tradingkey - On June 5, rumors of a memory downgrade for Nvidia's Rubin platform caused storage stocks to plummet. As of press time, SanDisk (SNDK) fell 11.16%, Micron Technology (MU) dropped 9.49%, Western Digital (WDC) fell 8.53%, and Seagate Technology (STX) declined 6.62%. Market reports indicate that Nvidia may reduce the standard SOCAMM memory configuration for the Rubin NVL72 platform, cutting the total capacity per rack from 55TB to 28TB. The projected decrease in memory allocation per computing machine under the new architecture has triggered widespread concerns regarding future memory demand.

Tradingkey - June 5: Bitcoin is approaching a break below the $60,000 threshold. As of press time, it is down 5.24% at $60,463.21, marking its lowest price since February 6. On the news front, the cryptocurrency market is currently experiencing a wave of concentrated selling triggered by a "collapse of faith." MicroStrategy (MSTR), the world's largest corporate holder of Bitcoin, reportedly broke its years-long "buy only, never sell" iron rule. The company recently sold 32 Bitcoins; although the transaction size was minuscule, it triggered panic in the market far exceeding its actual magnitude.

TradingKey - As an AI super-unicorn with a valuation nearing $1 trillion, Anthropic’s IPO process has consistently captured the attention of global capital markets. Monitor Anthropic-concept stocks.

Tradingkey - On June 5, the U.S. Bureau of Labor Statistics released May non-farm payrolls data that significantly exceeded market expectations, indicating that the U.S. labor market remains resilient. Impacted by this, spot gold broke below the $4,400 mark. As of press time, gold was down 2.23% at $4,375.4, marking its lowest price since March 27.

TradingKey - JPMorgan (JPM) has upgraded Tesla (TSLA) from "Underweight" to "Neutral" and significantly raised its price target from $145 to $475, an increase of over 227%.

TradingKey - On June 5, Eastern Time, the latest employment report released by the U.S. Bureau of Labor Statistics showed that U.S. nonfarm payrolls increased by 172,000 in May, significantly higher than market expectations. Economists had generally expected an addition of approximately 85,000 jobs for May; the actual data significantly exceeded expectations, indicating that the U.S. labor market remains resilient.

Jensen Huang announced that SK Hynix, Samsung Electronics, and Micron have secured new production authorizations; however, AI stocks fell broadly, reflecting waning investor enthusiasm for the AI boom.

Ethereum prices have hit a one-year low, with historical data suggesting a potential further decline toward the $1,000 level.

TradingKey - Apple WWDC June 8–12. Q2 FY2026: $111.2B revenue, iPhone $57B +22%, Services $31B ATH. 2.2B active devices. AAPL at $310.67, ascending trendline support. Target $316.92.

TradingKey - In pre-market trading on Friday, June 5, the three major U.S. stock index futures diverged as technology and chip stocks came under significant pressure while investors awaited the release of the U.S. May non-farm payrolls report. As of press time, Dow futures rose 0.19%, S&P 500 futures fell 0.38%, and Nasdaq 100 futures declined 0.96%.

An infinite token minting vulnerability in Zcash caused ZEC prices to plummet by over 50% today, triggering a broad sell-off across the privacy coin sector.

TradingKey - On the afternoon of June 5 (Seoul time), NVIDIA (NVDA) CEO Jensen Huang arrived at Seoul Gimpo International Airport from Taiwan. Immediately upon landing, he shared a significant prediction with the media and public, stating that robotics will become South Korea's next major industry.

TradingKey - On June 4 local time, SpaceX, the rocket and AI company owned by the world's richest person Elon Musk, officially launched the largest IPO roadshow in history.

TradingKey - On June 5 ET, silver (XAGUSD) prices came under intraday pressure due to the impact of stalled U.S.-Iran negotiations, at one point falling to near $71. Notably, the U.S. May non-farm payroll data is scheduled for release today; will it be enough to reverse silver’s downward trend?

TradingKey - During the June 5 Asian trading session, Bitcoin extended its multi-day slide, falling more than 3.5% within 24 hours. It briefly dipped below $62,000 during intraday trading, hitting a low of $61,100. Since its recent peak of $82,500 on May 6, Bitcoin has recorded a cumulative three-week decline of approximately 26%. As of press time, Bitcoin was trading at $62,688. With a weekly decline exceeding 16%, it is on track for its largest single-week drop since November 2022.

Bitcoin’s rebound remains weak as the market plunges into extreme fear, with pessimistic forecasts projecting a decline to $30,000.

TradingKey - During the Asian trading session on June 5, global AI and semiconductor sectors faced selling pressure as Broadcom's (AVGO) AI business earnings guidance fell short of expectations. Panic sentiment quickly spread to Asia-Pacific markets, with both Japanese and South Korean stock markets declining.