TradingKey

TradingKey - On June 16, during early US trading, SpaceX (SPCX) reversed its earlier gains. As of press time, it was down 3.85% at $194.03, bringing its latest market capitalization to $2.57 trillion, temporarily ranking as the sixth-largest company in the US. During yesterday's session, SpaceX's ma

• AT&T shares fell following the announced retirement of CFO Pascal Desroches. • Analysts downgraded the stock due to intensifying competition and declining wireline revenues. • High net leverage and broader macroeconomic uncertainty are increasing investor risk aversion.

• Citigroup raised KLA Corporation's price target citing increased capital expenditure for artificial intelligence. • KLA shares rebounded after technical indicators signaled the stock was in oversold territory. • Positive semiconductor sector momentum and strong financial health support KLA's recent stock performance.

• Lam Research shares rose following surging global data center component spending. • Major financial institutions upgraded Lam Research price targets citing strong memory demand. • Lam Research forecasts its 2026 advanced packaging revenue will exceed fifty percent growth.

• JPMorgan confirmed Google's TPU v9 production remains on track for 2028. • Broadcom's long-term contract secures custom silicon revenue visibility through 2031. • Google’s internal team lags Broadcom’s chip development capabilities by eighteen months.

• Analysts raised price targets due to high AI-driven demand for enterprise storage solutions. • Third-quarter revenue grew 45% year-over-year with gross margins exceeding 50%. • A share-for-share swap to consolidate SanDisk shares is driving institutional trading activity.

• ASML is scaling manufacturing capacity to meet rising artificial intelligence infrastructure demand. • Partnerships with the Terafab project and strong order backlogs drive investor optimism. • Favorable macroeconomic conditions and positive technical indicators support ASML’s current growth rally.

• AMD will deploy 30 megawatts of AI compute capacity for Rackspace Technology. • AMD acquired the AI-native memory-optimization startup MEXT to enhance hardware performance. • Citi upgraded AMD stock to a Buy rating citing undervalued GPU business potential.

• Wall Street analysts raised Micron price targets ahead of the June 24 earnings report. • High-bandwidth memory demand and AI growth are driving strong pricing power for Micron. • Investors are balancing bullish AI-driven growth expectations against potential stock volatility and valuation concerns.

• Semiconductor sector growth and record equipment sales are boosting Applied Materials stock performance. • A strategic partnership with EssilorLuxottica aims to develop next-generation augmented reality optical systems. • Applied Materials launched new chipmaking systems supporting advanced 3D device architecture and AI production.

• Intel’s 18A-P process node has officially entered the risk production stage. • The 18A-P node offers improved performance and power efficiency for foundry clients. • Design-rule compatibility allows partners to transition designs without requiring costly redesigns.

TradingKey - SpaceX, the space exploration technology company under US tech giant Elon Musk, announced that it will acquire Anysphere, the parent company of AI code editor Cursor, for $60 billion. This transaction marks another major move by SpaceX in the artificial intelligence sector and will further consolidate the leading position of Musk's companies in the tech industry.

TradingKey - SpaceX SPCX hit an intraday high of $225.64 on June 16 before pulling back to $205.96. Former Nasdaq CEO Robert Greifeld says SPCX trades on aspiration, not fundamentals. RKLB joins Nasdaq-100 in 5 days. Fib target $222.80.

Tradingkey - On Wednesday Eastern Time, data released by the U.S. Census Bureau showed that U.S. retail sales rose 0.9% month-on-month in May, significantly higher than the market expectation of 0.5%. Retail and food services sales in May reached $763.7 billion, up 6.9% year-on-year. Meanwhile, the retail sales growth from March to April was revised down to 0.4% from the previously reported 0.5%.

TradingKey - On Wednesday Eastern Time, US stock index futures were mixed in pre-market trading, as the broader market maintained a cautious yet firm tone. Investors are awaiting the Federal Reserve's June interest rate decision, as well as the inaugural press conference of the new Fed Chair, Kevin Warsh. While a temporary US-Iran agreement recently triggered a sharp decline in oil prices, easing market anxieties over energy inflation, investors continue to assess the implementation details of the deal and whether the Federal Reserve will deliver more hawkish interest rate signals.

TradingKey - During Wednesday's US premarket trading, Intel (INTC) shares recorded a significant rebound, driving a collective rally among core semiconductor stocks, including Marvell (MRVL), Lam Research (LRCX), and Micron (MU).

TradingKey - Apple AAPL at $298.99, consolidating at EMA50 in ascending channel ahead of the Warsh FOMC decision. Q2 FY2026: $111.2B revenue, Services $31B ATH. RSI 53.54 neutral. Fib target $317.45.

TradingKey - As of June 16, Eastern Time, the Tema Space Innovators ETF (NASA) has delivered a cumulative return of approximately 32.7% since its listing on March 31. Leveraging its unique positioning as "the first pure-play space ETF to offer indirect exposure to pre-IPO SpaceX equity," the fund attracted over $3 billion in capital in just over two months, surpassing established peers to become the world's largest space-themed ETF. However, following SpaceX's (SPCX) IPO on June 12 and its subsequent surge of around 50% in the first three trading days, NASA's scarcity premium is rapidly eroding. Its share price has pulled back to $31.98 from an all-time high of $42.68 in late May, dropping over 9% on the first trading day post-IPO. The fund's future trajectory has now become a key focus for the market.

SpaceX's $60 billion acquisition of Cursor means FTX has once again missed out on a massive return, but it also validates SBF's unique investment vision.

• Bitcoin prices fell due to investor caution ahead of the upcoming FOMC meeting. • Institutional investors are reducing exposure following recent geopolitical relief rally profit-taking. • Spot Bitcoin ETFs face outflows as technical indicators show significant overhead resistance.