TradingKey

• Easing Middle East tensions and reopening the Strait of Hormuz reduced oil risk premiums. • U.S. sanctions waivers on Iranian crude exports shift the market toward global oversupply. • International Energy Agency demand cuts and Federal Reserve rate hike signals pressure oil prices.

TradingKey - In early U.S. trading, SpaceX (SPCX) extended its losses from the previous session, dropping more than 7% intraday. As of press time, it was down 6.46% at $179.43, bringing its two-day decline to over 10%. With its latest market capitalization reaching 2.36 trillion yuan, it is the sixth-largest company in the U.S., trailing only Amazon. According to market sources, SpaceX and Tesla (TSLA) may merge to create a tech behemoth spanning rockets, artificial intelligence, satellites, electric vehicles, robotics, energy, and social media.

• Semiconductor sector momentum and bullish analyst revisions are driving AMD share price growth. • AMD formed a partnership with Rackspace to deploy artificial intelligence compute capacity globally. • The company acquired memory-optimization startup MEXT to mitigate hardware bottlenecks and cost inflation.

• Apple partnered with Intel to design and manufacture chips domestically in the United States. • Intel's next-generation manufacturing node has successfully entered initial risk production stages. • Government support and new commercial contracts drive Intel’s transition into an independent foundry.

• Micron shares rose following multiple bullish analyst price target upgrades. • Strong demand for AI-driven memory has tightened global semiconductor supply. • Micron’s high-bandwidth memory production is fully sold out through year-end.

• Citigroup upgraded Applied Materials, citing robust demand for semiconductor wafer fabrication equipment. • The firm launched the SENZ platform for augmented reality wearables with strategic partners. • Applied Materials reported strong fiscal second-quarter results and increased annual equipment growth projections.

• Broadcom increased its debt buyback cap to $3.0 billion for senior notes. • Investors drove a share price rebound following recent post-earnings sell-off volatility. • Market demand for AI accelerators continues to support Broadcom’s long-term growth outlook.

Micron Technology rose another 5% today, once again approaching its all-time high, as numerous investment banks remain bullish on the stock reaching new heights.

Tradingkey - SpaceX (SPCX) is beginning to show signs of cooling down after its strong post-listing rally. Yesterday (June 17), SPCX recorded its first full-session decline since listing, with its share price closing down 4.95% at $191.82, after hitting an intraday low of $187—a pullback of approximately 15% from its previous peak of $225.64. In pre-market trading today, SPCX continued to weaken, slipping over 3% at one point. This indicates that short-term profit-taking is accelerating, and market sentiment has shifted from the previous one-sided chasing of gains to growing divergence.

TradingKey - Marvell MRVL at $297.30, clearing EMA50 in ascending channel. Q1 FY2027: $2.418B revenue +28%, Data Center $1.833B. FY2028 guidance raised to $16.5B. RSI 55.31 neutral-bullish. Target $317.45.

TradingKey - As SpaceX (SPCX) lists on Nasdaq, an unprecedented retail investing frenzy is sweeping Wall Street. According to the latest data from Vanda Research, net retail purchases of the stock reached as high as $369.8 million in the first three trading days following its debut.

TradingKey - On Thursday Eastern Time, futures on the three major US stock indexes rose in unison in pre-market trading, as market sentiment recovered significantly from the previous trading session. Although Federal Reserve Chairman Kevin Warsh struck a hawkish tone after his first policy meeting, prompting the market to reprice the risk of rate hikes this year, an interim agreement signed between the US and Iran and improved shipping expectations in the Strait of Hormuz continued to weigh on international oil prices, easing concerns over energy inflation and boosting risk appetite for tech stocks.

TradingKey - SpaceX SPCX at $191.82 after announcing a $60B all-stock acquisition of Cursor-maker Anysphere just 6 days post-IPO. Morningstar cut fair value to $62. August float unlock looms. RSI 46–47 neutral.

• Federal Reserve projections signal elevated interest rates for a longer duration. • Bank of Mexico lowered its 2026 GDP growth forecast to 1.1 percent. • Institutional investors are reducing risk-on carry-trade exposure involving the Mexican peso.

• Hawkish Federal Reserve policy strengthened the US dollar, increasing opportunity costs for holding platinum. • Easing geopolitical tensions reduced safe-haven demand, triggering institutional capital outflows from precious metals. • Global platinum demand is forecast to contract nine percent, narrowing the supply deficit.

Nebius shares rose over 5% but have yet to break through the $300 mark, warranting caution over pullback risks.

• The Federal Reserve signaled a hawkish shift and potential rate hikes. • US-Iran peace eased energy prices, lowering UK inflation and interest rate expectations. • Yield differentials shifted in favor of the US Dollar, driving GBP/USD lower.

• Fed hawkishness signals potential rate hikes while the SNB maintains a zero percent rate. • U.S. Treasury yields rose, widening the interest rate differential in favor of the dollar. • Improved geopolitical sentiment reduced demand for the Swiss franc as a safe-haven asset.

TradingKey - U.S. President Trump made a blockbuster announcement on his personal social media platform Truth Social on Thursday, declaring that Apple (AAPL) has officially reached a partnership agreement with Intel (INTC) to jointly conduct chip design and manufacturing operations domestically in the United States. Following the news, Intel shares surged over 9% in pre-market trading.

• Fed hawkishness and a stronger dollar triggered palladium price declines. • Reduced geopolitical risks led to outflows from safe-haven metals positions. • Automotive demand shifts and anticipated market surpluses create long-term structural headwinds.