TradingKey

Tradingkey - June 8: Driven by the easing of geopolitical tensions, tech stocks rebounded across the board. The three major U.S. stock indices ended mixed, with the Nasdaq Composite leading the gains. By the close, the Dow Jones Industrial Average fell 0.16% to 50,786.01; the S&P 500 rose 0.30% to 7,405.73; and the Nasdaq Composite climbed 0.86% to 25,929.66. This rally in U.S. equities is primarily driven by continuous upward revisions in earnings expectations, supported by solid fundamentals rather than being a purely speculative market movement.

Tradingkey - Apple (AAPL) has seen sharp price volatility over the past 30 minutes. Shares rose more than 3% intraday but turned lower during the WWDC event. As of press time, the stock is down 0.71% at $305.15. At the WWDC 2026 conference, Apple introduced its next-generation AI platform and launched a new version of Siri, renamed "Siri AI," signaling its formal effort to catch up with Silicon Valley peers leading in the AI field.

Tradingkey - June 8. Tensions in the Iran conflict cooled abruptly, causing both major crude oil benchmarks to decline. WTI crude futures briefly retreated to approximately the $90 level; as of press time, they were up 0.86% at $91.32. Brent crude futures rose 1.65% to $94.63. On the news front, the Iranian Foreign Ministry confirmed that the Iranian military has halted strikes against Israel, but warned that if the Israel Defense Forces (IDF) continue military operations in Lebanon, Iran will resume hostilities.

Tradingkey — Last Friday, memory stocks plummeted following rumors that Nvidia plans to reduce memory configurations for its Vera Rubin racks. For details, see "Market Rumors: Nvidia Rubin Platform Plans to Reduce Memory Capacity…". The market interpreted the news of Nvidia (NVDA) cutting memory capacity for Vera Rubin racks as a sign of weakening memory demand. This triggered a 13.25% plunge in Micron and an 11.39% drop in SanDisk on the day, marking their largest single-day declines since the US-China trade war. However, Morgan Stanley’s latest research report refuted this bearish view, serving as the primary catalyst for today’s rally in memory stocks. As of press time, Micron Technology (MU) rose 9.11%, SanDisk (SNDK) gained 6.11%, and Seagate Technology (STX) advanced 4.%.

Tradingkey - On June 8, Google officially placed orders for millions of AI chips (TPUs) with Intel. Boosted by the news, Intel (INTC) shares opened higher at $111. As of press time, the stock remained up 10.71%, trading at $109.79. As TSMC’s production capacity fails to meet market demand, Intel is securing orders from enterprises including Google.

TradingKey - AI chipmaker Marvell Technology (MRVL) officially announced its upcoming inclusion in the S&P 500 Index; the stock rose nearly 9% in pre-market trading on Monday.

TradingKey - Today (June 8), oil prices initially surged following renewed hostilities between Iran and Israel, before paring back some gains as Iran announced the cessation of military operations and market risk sentiment cooled slightly. This indicates that recent crude oil market volatility remains dominated by the situation in the Middle East.

TradingKey - Apple WWDC 2026 June 8–12. Apple Intelligence Siri enhancements, iOS/macOS AI integration unveiled. $111.2B Q2 revenue, $31B Services ATH. AAPL at $307.38, Fib 0.236 pullback. Target $323.44.

TradingKey - Following a broad sell-off last Friday, the U.S. memory stock sector staged a strong rebound in pre-market trading today, with Micron Technology (MU) gaining over 7%. Tesla (TSLA) CEO Elon Musk publicly expressed bullish views on Micron during an interview at JPMorgan Chase’s global headquarters, stating that "the real bottleneck lies in chip manufacturing capacity" and that Micron's current production capacity is far below actual demand.

TradingKey - The Nasdaq 100 is pulling back ahead of Kevin Warsh's first FOMC meeting as Fed Chair. Will AI fundamentals or Fed policy drive the next move?

TradingKey - On Monday Eastern Time, all three major U.S. stock index futures rose in pre-market trading as technology stocks recovered from last week's sell-off, with a rebound in chip stocks leading gains in Nasdaq futures. However, escalating tensions in the Middle East pushed oil prices higher, and market concerns regarding inflationary pressures and the Federal Reserve's policy path persist. As of press time, Dow futures rose 0.36%, S&P 500 futures rose 0.83%, and Nasdaq futures rose 1.49%.

TradingKey - As the AI wave continues to drive U.S. equities higher, debates over whether valuations have reached unsustainable levels are intensifying. Goldman Sachs (GS) noted in its latest research report that although some signs of overheating are emerging, key indicators show a significant gap between current market levels and the extremes seen during historical bubble periods. Meanwhile, Citigroup (C) has sharply raised its year-end 2026 S&P 500 target to 8,100, citing an "unprecedented" AI capex super-cycle.

TradingKey - During the European session on June 8, Gold (XAUUSD) extended its downward trend, breaking below $4,300 intraday to reach a low of $4,268.53. Technical analysis indicates that further downside potential has opened up, with the price potentially falling toward $4,100.

TradingKey - On June 8, Seoul time, Jun Young-hyun, head of Samsung Electronics’ chip division, stated that the company has held extensive discussions with Nvidia (NVDA) CEO Jensen Huang regarding foundry cooperation for next-generation chips and future technologies such as HBM4E and HBM5. Both parties are collaborating on autonomous driving chips at the 4nm and 8nm nodes, as well as in the field of Nvidia accelerator chips.

TradingKey - During Monday's Asian session, both spot and futures gold prices broke below the $4,300/oz support level. Spot gold hit an intraday low of $4,268.42, its lowest level since March 23, erasing all year-to-date gains.

TradingKey - The Federal Reserve will hold its interest rate meeting on June 16-17 ET. The market widely expects rates to remain unchanged, though officials may overall signal a hawkish stance.

TradingKey - Recently, Bitcoin (BTCUSD) prices have continued to decline, briefly falling below the $60,000 psychological level last Friday (June 5). The primary reason for the decline is the continuous capital outflows from the Bitcoin market, while rare selling by Strategy has further intensified downward price pressure.

TradingKey - During the Asian session on June 8, South Korean stocks plunged. The KOSPI index triggered a circuit breaker during intraday trading and closed down 8.29% at 7,484.41 points. The KOSDAQ index closed 9.08% lower at 911.39 points, having triggered a circuit breaker during the afternoon session.

TradingKey - Following the severe turbulence of last Friday's "Black Friday," Wall Street is awaiting the release of U.S. May Consumer Price Index (CPI) data this Wednesday with bated breath. Traders are widely concerned that the report could reveal the largest surge in inflation in years, potentially extinguishing market hopes for Federal Reserve rate cuts this year and significantly bolstering rate hike expectations.

TradingKey – Seoul, June 8. Impacted by a plunge of over 10% in the Philadelphia Semiconductor Index last Friday and mounting concerns over interest rate hikes, the KOSPI index tumbled more than 8% in early Monday trading, triggering a Level 1 circuit breaker and a 20-minute trading halt. Boosted by news of Nvidia’s collaboration with SK Group and LG Electronics, the decline narrowed to approximately 4.8% before noon; however, selling pressure intensified in the afternoon, sending the index below 7,500 points before the close.