TradingKey

• KLA Corporation declined amid a broad global semiconductor sector sell-off. • Stretched valuation and insider selling pressured the stock following its recent split. • Geopolitical export controls to China threaten to reduce the company's annual revenue.

• Global tech rout caused widespread selling in semiconductor and artificial intelligence stocks. • Arm Holdings shares declined significantly due to high valuations and tactical investor liquidations. • Expectations of further Federal Reserve interest rate hikes pressured technology sector valuations.

• GE Vernova secured a major gas turbine contract for Vietnam's Quang Trach II plant. • Broader market selloffs and valuation concerns triggered a decline in GE Vernova shares. • Regulatory uncertainties and pending litigation continue to impact investor sentiment and project monetization.

• Oracle cut 21,000 jobs, representing 13% of its global workforce in fiscal year 2026. • Heavy AI investments and infrastructure expansion drove free cash flow into negative territory. • Oracle filed for a $20 billion equity distribution program, raising concerns about shareholder dilution.

• SanDisk shares declined following a global semiconductor sell-off sparked by South Korean equity losses. • Investors reduced positions ahead of Micron Technology’s earnings and Morgan Stanley’s valuation concerns. • Hawkish Federal Reserve interest rate expectations triggered a rotation from tech stocks into defensive sectors.

TradingKey - SpaceX (SPCX) plummeted 16.43% yesterday following its bond issuance, and briefly dipped below its initial price of $150 in pre-market trading today. However, amid a widespread sell-off in tech stocks, SpaceX bucked the trend to rise over 3%. As of press time, it remained up 2.04% at $157.75. Following the short-term plunge triggered by bond issuance rumors, SpaceX's stock price has staged a recovery, essentially reflecting the market's perception of the financing shifting from "liquidity panic" back to rational pricing.

• Global semiconductor sell-offs and stretched valuation multiples triggered a sharp stock price decline. • Macroeconomic uncertainty and export control concerns are dampening investor sentiment toward the company. • Reduced customer down payments indicate a potential cyclical cooling in memory capital commitments.

• Nvidia shares declined due to sector-wide profit-taking and concerns regarding AI valuation sustainability. • Lowered GPU leasing rates suggest shifting supply-demand dynamics and normalizing computational power prices. • Regulatory scrutiny on chip exports and upcoming shareholder meetings increased intraday market volatility.

• Caterpillar shares face volatility after reaching record highs following an AI-driven market rally. • Broad market sell-offs and valuation concerns caused today’s downward price correction for Caterpillar. • Management projects two billion dollars in tariff-related margin pressure for fiscal year 2026.

• Broad semiconductor selloffs and macroeconomic concerns are driving ASML's recent stock price decline. • Potential U.S. and Dutch export restrictions on China threaten ASML's future revenue streams. • Customer conservatism regarding capital expenditure is slowing backlog monetization and impacting cash flow.

• Intel stock declined due to sector-wide profit-taking and concerns regarding stretched valuation multiples. • Intel Foundry reports negative free cash flow and operating losses from capital-intensive fab expansions. • Bank of America raised its price target despite ongoing near-term technical market volatility.

TradingKey - As geopolitical conflicts eased significantly, tech stocks suffered a sell-off, dragging down market sentiment. Under the traditional macroeconomic analysis framework, falling oil prices typically correspond to the easing of inflationary pressures and a recovery in market risk appetite, which theoretically should provide positive support to the stock market. However, the market failed to see the expected rebound. As of press time, the three major U.S. stock indexes declined across the board: the Dow Jones Industrial Average rose 0.01% to 51,717.81 points; the Nasdaq Composite Index fell 1.32% to 25,822.07 points; and the S&P 500 Index fell 0.88% to 74,070.05 points.

• South Korean market volatility triggered a global semiconductor sector sell-off. • Regulatory scrutiny of leveraged ETFs forced a massive structural liquidation. • Micron stock faces increased volatility ahead of its fiscal third-quarter earnings.

• AMD shares declined amid a broad sell-off across the global semiconductor sector. • New U.S. export regulations and executive insider selling increased investor caution regarding valuation. • The company maintains strong fundamentals in high-performance computing and data center growth.

• TSMC stock declined due to sector-wide profit-taking and broad market selloffs. • Institutional investors expressed concern regarding high valuations and April-May sales growth. • Competitive dual-sourcing strategies and regulatory risks create near-term tactical headwinds for TSMC.

• NHTSA launched a special investigation into a fatal Tesla Model 3 crash. • Regulatory scrutiny regarding autonomous driving software is pressuring the company's valuation. • Broader market sell-offs in technology and AI sectors are negatively impacting share prices.

• Global semiconductor sector declines triggered an intraday pullback in Applied Materials shares. • Analysts expressed concerns regarding the company's valuation premium relative to industry competitors. • Insider selling and contraction in free cash flow contributed to downward investor sentiment.

TradingKey - After the market close on June 23, ET, AI chipmaker Cerebras Systems (CBRS) will release its first quarterly earnings report since going public. This marks a transition for the company, widely seen as a potential challenger to Nvidia, from its IPO-stage narrative to the verification of its actual operational capabilities.

TradingKey - SpaceX stock fell 16.4% after filing a $20 billion bond deal despite disclosing $100.8 billion in cash. SPCX is now down 31% from its high as options trading and xAI losses weigh on sentiment.

Already, the company is recording double-digit top line, which indicates the momentum has kicked off. The backside of this bullish perspective is that if AI-capex stumbles, this may hit ASML’s sales, which may limit my earnings projections.