TradingKey

• Barclays initiated IBM coverage with "Overweight," price target $350. • IBM commits $10B+ over five years to quantum computing. • Q1 2026 results showed revenue and free cash flow growth.

• Novartis share price declined amid mixed news and market pressures. • Promising prostate cancer drug data faces side effect concerns. • Swiss population cap referendum may impact company operations.

• Texas Instruments beat EPS estimates but missed revenue targets. • Insider selling and analyst downgrades signal investor caution. • Semiconductor industry faces capacity limits and weakening non-AI markets.

• NVIDIA unveiled RTX Spark AI chip for PCs, partnering with Microsoft. • TSMC uses NVIDIA AI for chip design; Foxconn deploys AI agents. • Analysts raise price targets citing AI market growth and revenue increase.

• Dell reported strong Q1 FY2027 earnings, exceeding analyst expectations. • Dell raised its full-year fiscal 2027 guidance, particularly for AI servers. • Analysts upgraded DELL stock, significantly increasing price targets.

Tradingkey - Geopolitical tensions between the U.S. and Iran have escalated sharply as Iran announced a total blockade of the Strait of Hormuz and the suspension of all negotiations with the U.S., sending the two major crude oil futures back to one-week highs. According to Iranian media reports, the Iranian negotiating delegation has suspended indirect negotiations and document exchanges with the U.S. via mediators, citing Israel's continuous strikes on Lebanon and cease-fire violations across all fronts. Simultaneously, Iran decided to fully blockade the Strait of Hormuz and activate other fronts, including the Bab-el-Mandeb Strait.

• Microsoft unveils new Windows PCs with Nvidia RTX Spark for AI. • Analysts reiterate bullish ratings, citing AI strategy and financial results. • Tech sector optimism and AI rally contribute to stock's upward movement.

• Micron's HBM sold out through 2026 due to AI demand. • Q2 earnings beat expectations; Q3 guidance is record high. • Analysts expect AI memory shortages to extend through 2028.

• Nvidia unveiled Arm-based "RTX Spark" superchip for Windows PCs. • Wall Street analysts upgraded ARM, raising price targets significantly. • ARM reported record revenue and strong data center royalty growth.

• Nvidia's new AI chip threatens Intel's PC processor market dominance. • Analyst downgrade cited valuation concerns and potential hyperscaler spending decline. • Market sentiment is bearish due to competition and analyst reassessment.

TradingKey - On Monday Eastern Time, the global software sector staged a strong rebound. Tech stocks, which had been under persistent pressure due to AI anxiety, shook off the gloom and rose collectively in pre-market trading.

Strategy was forced to sell Bitcoin, leading both to extend their declines as market panic spreads.

TradingKey - Marvell’s custom ASIC pipeline and AI networking business could drive data center revenue well beyond its current $678 mn run rate. Can MRVL reach $234?

TradingKey - Janus Henderson’s $8.3 billion Global Technology Leaders Fund plans to add South Korean memory chip giant SK Hynix to its portfolio, following a cumulative surge of over 1,000% in the company’s stock price over the past year. The fund has outperformed 96% of its peers this year, delivering a three-year cumulative return of 36%. It currently holds positions in memory industry leaders such as Micron Technology (MU) and SanDisk (SNDK).

NVIDIA has launched a new superchip with NPU performance double that of the Snapdragon X Elite. This overwhelming competitive blow triggered a plunge in Qualcomm’s stock price.

TradingKey - In pre-market trading on Monday, June 1 (ET), investors' attention is focused on the latest developments in the Middle East while awaiting key labor market data to be released later this week. All three major US stock index futures moved higher; as of press time, Nasdaq 100 futures rose 0.17%, Dow 30 futures gained 0.28%, and S&P 500 futures climbed 0.23%.

HYPE prices continue to surge to new record highs, dealing a fatal blow to short sellers, though technical indicators signal a potential pullback.

Snowflake at $255, extending above the descending trendline breakout. Multi-cloud neutrality, Cortex AI, Iceberg moat. Q1 FY2027: $1.05B revenue +29%, RPO $4.8B. Target $281–$299.

Renewed hostilities between the U.S. and Iran have hit the crypto market hard, with Bitcoin falling below the $73,000 level. Non-farm payroll data to be released this Friday will be key.

TradingKey - During the Asian trading session on June 1, TSMC (2330.TW) rose as much as 2.7% to an intraday record high of NT$2,415, with its market capitalization surpassing NT$62 trillion. However, the stock ultimately closed at NT$2,355, as gains narrowed to a flat finish, erasing all earlier advances.