TradingKey

TradingKey - After the US market close on June 24, memory chip giant Micron Technology (MU) released its fiscal third-quarter 2026 earnings report, completely reversing the market's pessimistic expectations for AI memory demand with its blockbuster core metrics.

TradingKey - As of the Asian session today (June 25), gold (XAUUSD) was trading at $3,976.90, down 0.54% intraday. Following yesterday's drop below $4,000, gold prices fluctuated near $3,980 today, indicating that the market is awaiting further catalytic signals to determine its short-term direction. Notably, the U.S. May PCE data is scheduled to be released today.

TradingKey - After the market close on June 24, Eastern Time, following Micron Technology’s (MU) earnings release, JPMorgan Chase (JPM) immediately raised its price target from $550 to $1,540, maintaining an "Overweight" rating. This near-twofold upward adjustment reflects the bank's strong recognition of Micron's explosive earnings potential. Analyst Harlan Sur's upward revision was based on Micron's third-quarter revenue, gross margin, and earnings per share (EPS) all beating expectations.

• Hotter weather forecasts increased projected power sector demand for natural gas. • Anticipated storage injections below the five-year average narrowed the domestic supply surplus. • Moderated domestic production and rebounding LNG export flows supported recent price gains.

Japanese and South Korean stocks surged 5% in a tsunami-like rally, with both Kioxia and SK Hynix skyrocketing over 12%.

• Seagate shares declined due to ex-dividend adjustments and senior notes redemption calls. • Sector-wide semiconductor sell-offs and concerns regarding hyperscaler capital expenditures triggered profit-taking. • Macroeconomic headwinds, including Federal Reserve interest rate expectations, are suppressing overall investor risk appetite.

• Qualcomm shares rebounded after reporting aggressive 2029 revenue targets and a Meta partnership. • Investor concerns included share dilution from acquisitions and dependence on the smartphone market. • Technical indicators show Qualcomm in an oversold condition with a neutral market sentiment.

• Bipartisan passage of the 21st Century ROAD to Housing Act supports Home Depot stock. • Homeowners prioritize renovation over relocation, sustaining long-term demand for building materials and supplies. • Strategic expansion into professional contractor services bolsters the company's long-term revenue growth potential.

• Capital restructuring and share-swap agreements have caused near-term equity dilution and selling pressure. • Valuation concerns and an analyst downgrade from Outperform to Equalweight pressured stock performance. • Broad semiconductor sector volatility and profit-taking have forced a technical consolidation for shares.

• Oracle reduced its workforce by 13%, eliminating approximately 21,000 roles. • Capital expenditures reached $55.7 billion, resulting in negative free cash flow. • Oracle plans a $20 billion equity distribution to fund its infrastructure expansion.

• Higher interest rates and a stronger US dollar decreased platinum's investment appeal. • Reduced geopolitical tensions eased safe-haven demand, leading to institutional liquidation. • Softening global demand projections narrowed the platinum market deficit to four-year lows.

At the inaugural FOMC meeting chaired by the newly appointed Fed Chairman Kevin Warsh, the median dot plot shifted directly from rate-cut expectations to rate-hike expectations. Interest rate futures immediately priced in a roughly 70% probability of a rate hike in September, plunging the market into a rate-hike panic. This article argues that the market is highly likely overestimating the intensity of this rate-hike cycle. Even if rate hikes do resume in September, the move would fundamentally represent a robust tightening characterized by "withdrawing insurance rate cuts against the backdrop of a still-resilient economy," which is fundamentally different from the panic-driven tightening of 2022. For long-term investors in US equities, this shift presents opportunities that outweigh the risks. However, this assessment is conditional and must be dynamically adjusted using three indicators as anchors: core inflation, long-term inflation expectations, and the unemployment rate.

TradingKey - On June 24, Eastern Time, Qualcomm (QCOM) sent a major signal at its Investor Day: the company projects that its data center chip sales will exceed $15 billion by 2029, with revenue from the segment expected to reach $5 billion by fiscal year 2027. Meanwhile, Meta (META) will adopt its Dragonfly C1000 data center CPU, and Microsoft (MSFT) will deploy its HBC chips, marking Qualcomm's official entry into the AI data center market. Following the announcement, Qualcomm shares surged over 12% in after-hours trading.

• BNB price rose after successfully defending long-term ascending trendline support levels. • Venus Protocol integrated tokenized stock collateral, expanding decentralized finance utility on BNB Chain. • Upcoming European MiCA regulatory deadlines present persistent compliance risks for regional operations.

• Bitcoin recovered as equity market volatility eased and tech sentiment stabilized. • Robust on-chain accumulation by long-term holders provided structural support for prices. • Market participants are awaiting upcoming inflation data amid cautious institutional sentiment.

• Solana’s network tokenized equity trading reached record daily volume levels. • Xweave is integrating Solana to provide stablecoin settlement for institutional clients. • Morgan Stanley amended its spot Solana exchange-traded fund filing with competitive fees.

• Ethereum prices stabilized following oversold conditions and increased corporate treasury accumulation. • The new Ethlabs research non-profit addresses network development and governance concerns. • The upcoming Glamsterdam hard fork aims to reduce transaction fees by 78.6 percent.

TradingKey - Japanese memory chip giant Kioxia plans to issue American Depositary Receipts (ADRs) and list in the United States as early as the spring of 2027, aiming to further expand its international investor base, enhance stock liquidity, and boost its valuation. Previously, Kioxia had announced that it was preparing to list American Depositary Shares (ADSs) on a US stock exchange, though the specific exchange, offering size, and final timeline remain subject to regulatory approvals and market conditions. Following the announcement, Kioxia’s stock price experienced minor intraday fluctuations. As of press time, the latest price stood at 99,930 yen, down slightly from the opening price.

Impacted by the macroeconomic environment and traditional financial IPOs, crypto market liquidity remains constrained. Bitcoin has once again fallen below the $60,000 threshold, but has not yet disrupted its rangebound trend.

TradingKey - On June 24, Eastern Time, the three major U.S. stock indexes closed mixed as the market continued to digest high AI valuations, capital expenditure pressures on tech giants, and expectations of another Federal Reserve rate hike this year. A sharp decline in oil prices eased inflation co