TradingKey

SpaceX's IPO is seeing frenzied demand; however, this does not guarantee price appreciation. Investors should beware of the risk of a sharp correction post-listing.

TradingKey - During the Asian trading session on June 12, Samsung Electronics and SK Hynix initially drove the South Korean KOSPI index up by more than 8%. However, intraday reports surfaced that several major Wall Street banks are restricting hedge funds' leveraged bets on these two stocks and TSMC (TSM). Subsequently, the South Korean stock market experienced a short-term dive, and the gains of the two major chip stocks narrowed significantly.

TradingKey - Following Samsung Electronics’ June 11 announcement to grant all employees access to external generative AI services, SK Hynix has confirmed it is assessing the feasibility of introducing ChatGPT Enterprise and Microsoft Copilot. The semiconductor industry is transitioning from the supply side of AI chips toward deep integration into corporate operations and management.

TradingKey - During the Asia session on June 12, the Korea Composite Stock Price Index (KOSPI) opened significantly higher by over 7%, reclaiming the 8,000-point mark, with gains subsequently expanding to over 8%. As of press time, the KOSPI stood at 8,388.53 points, surging 624.58 points or 8.04% from the previous trading day. During early trading, a circuit breaker was triggered as KOSPI 200 index futures rose by 5%, leading to a five-minute suspension of programmed trading.

TradingKey - On June 11, Eastern Time, as SpaceX moves toward its largest-ever IPO, CEO Elon Musk appeared via video at ASML’s annual technology conference in the Netherlands to outline his plans to enter the semiconductor manufacturing sector to ASML employees. Boosted by the news, ASML shares closed up 9.53% at $1,899.48, hitting a 52-week high.

Tradingkey - On June 11, Eastern Time, Trump announced the cancellation of plans to strike Iran, easing concerns over geopolitical conflict and significantly boosting market sentiment. All three major U.S. stock indices rose, with technology stocks leading the gains.

TradingKey - On June 11, Donald Trump announced the cancellation of a planned strike on Iran tonight. The easing of geopolitical tensions significantly boosted investor sentiment, driving a broad rally in the three major U.S. stock indices, with technology stocks leading the gains. At the close, the Dow Jones Industrial Average rose 1.86% to 50,848.75 points; the S&P 500 Index gained 1.75% to 7,394.30 points; and the Nasdaq Composite Index jumped 2.54% to 25,809.66 points.

TradingKey - Geopolitical tensions between the US and Iran have cooled abruptly. Donald Trump recently stated on social media that Iran's top leadership has approved a draft multilateral consensus agreement. Consequently, both major crude oil futures plummeted in the short term. As of press time, WTI crude futures fell over 4% to $86.20, while Brent crude futures also dropped more than 4% to $88.66.

TradingKey - Trump abruptly announced on Thursday the cancellation of planned strikes against Iran scheduled for that night, claiming that Iran's top leadership has approved a draft multilateral consensus agreement. The proposal includes extending the ceasefire, reopening the Strait of Hormuz, and initiating 60-day negotiations on the Iranian nuclear issue. He also stated that the U.S. naval blockade of Iran will continue until the agreement is formally signed.

Tradingkey - June 11: Global asset prices experienced intense volatility! The two major crude oil futures plummeted, while spot gold surged. The three major U.S. stock index futures strengthened in the short term, and U.S. Treasury yields dropped sharply. As of press time, WTI crude futures fell 3.72% to $86.68; Brent crude futures dropped 3.86% to $89.52. Spot gold rose approximately 2% to $4159. The three major U.S. stock index futures rose across the board, with Dow futures up 1.58%, Nasdaq 100 futures up 2.33%, and S&P 500 futures up 1.31%.

TradingKey - June 11: SpaceX is set to list on the Nasdaq. According to sources familiar with the matter, the largest IPO in SpaceX's history has attracted over $250 billion in investor subscription demand—3.5 to 4 times its planned $75 billion fundraising target—with market enthusiasm far exceeding expectations. The market is currently concerned that this record-breaking IPO will create a "liquidity drain" on the stock market, significantly diverting funds from the secondary market. This could, in turn, exert temporary valuation pressure on the storage and CPU sectors—the most popular AI trade segments for 2026—including core stocks such as Micron (MU), SanDisk (SNDK), Intel (INTC), and AMD (AMD).

Adobe’s stock price remained flat ahead of its earnings report, with market focus centered on the progress of its partnership with Nvidia and the monetization of its Firefly AI tool.

SpaceX SPCX priced $135 June 11, first trading June 12. $75B raise, $1.75T valuation. Starlink $11.4B revenue, 10.3M subscribers, 63% EBITDA margin. xAI $6.36B operating loss. MSCI inclusion T+1. Week 1 range $135–$180.

TradingKey - Data released by the U.S. Bureau of Labor Statistics on Thursday showed that the U.S. Producer Price Index (PPI) rose 1.1% month-over-month in May, matching the April gain and exceeding market expectations of 0.7%. The unadjusted final demand PPI rose 6.5% year-over-year, the largest 12-month increase since November 2022, signaling that wholesale inflationary pressures in the U.S. continue to intensify.

Oracle’s massive capital expenditure has triggered significant risks, prompting investors to sell off shares as a preemptive measure.

TradingKey - On Thursday, Eastern Time, the three major U.S. stock index futures rebounded in pre-market trading. Technology stocks saw a recovery after two consecutive days of declines as markets temporarily digested tensions between the U.S. and Iran along with the impact of the previous day’s hot CPI data. As of press time, Dow futures rose approximately 0.83%, S&P 500 futures gained about 0.76%, and Nasdaq futures climbed around 1.22%.

Oracle Q4 FY2026: $15.6B revenue +11%, OCI +40%, Cloud RPO +28%. EPS beat, margins slight miss at 45.2%. ORCL at $184.60, RSI 33.89 oversold at EMA200 $190.52. Target $198–$210.

TradingKey - I am optimistic on NVIDIA (NASDAQ: NVDA) even after attaining $5 trillion market. Honestly, Nvidia has consistently shown that it is the backbone of AI infrastructure.

Tradingkey - During the June 11 Asian trading session, South Korean media outlet ETNews reported that SK Hynix has received requests from multiple Tier-1 equipment suppliers to increase supply prices by approximately 3% to 4%. SK Hynix has requested the relevant companies to submit supporting documentation for the price adjustments pending further evaluation.

TradingKey - On June 11, Eastern Time, driven by strong CPI data and the situation in the Middle East, gold prices (XAUUSD) dipped toward the $4,000 mark intraday, hitting a low of $4,023.76. As of today's Asian session, gold prices are fluctuating near $4,100, up 0.79% on the day.