TradingKey

• Analyst price target increases boost Qualcomm's stock. • Investor Day to detail AI, data center, and diversification strategy. • Qualcomm expanding into AI PCs, robotics, and autonomous vehicles.

• Bank of America upgraded Intel to "Buy" with increased price target. • Intel's Q1 2026 results exceeded expectations, with AI unit growth. • Intel secured manufacturing orders from Google and Microsoft.

TradingKey - On June 12, storage stocks led gains as SanDisk (SNDK) approached the $2,000 milestone, reaching an intraday high of $1,996.77 today. Notably, the NAND flash semiconductor supplier’s year-to-date gains have reached approximately 50 times. As of press time, within the storage sector, Seagate Technology (STX) rose 5.25%, Western Digital (WDC) rose 4.77%, and SanDisk (SNDK) rose 3.43%.

• Citi upgraded AMD to Buy, citing strong GPU growth prospects. • Bank of America named AMD a top server CPU pick, raising price target. • AMD's AI GPU and server CPU market share fueled investor interest.

• Seagate subsidiary plans to redeem $150.7 million in senior notes. • Analysts upgraded Seagate, citing AI demand and strong financials. • Seagate's HAMR technology is key for AI data storage needs.

• Western Digital's stock rose due to strong financials and demand. • AI and data centers are driving demand for storage solutions. • Analysts show high confidence, with "Buy" ratings and raised price targets.

• AI-driven demand boosts Sandisk stock on strong performance. • Analysts upgrade ratings and raise price targets for Sandisk. • Sandisk reports strong Q3 earnings and upbeat future outlook.

• ARM stock rose due to AI focus and analyst upgrades. • Mizuho and Bank of America raised ARM price targets. • AGI CPU adoption fuels optimism for long-term growth.

• CFO Dan Durn is departing, causing leadership uncertainty. • Freemium AI model and delayed price hikes pressure near-term ARR. • Analysts downgraded stock and lowered price targets due to strategy.

Sudden negative news sent Adobe shares to their lowest level since 2019, with short-term support expected at $200.

TradingKey - Intel's 18A turnaround is gaining credibility as Microsoft confirms foundry orders and Apple is reportedly evaluating US-made chips. Is INTC finally turning the corner after years of execution challenges?

TradingKey - On Friday ET, rising expectations of a U.S.-Iran peace agreement drove a sharp decline in oil prices, easing market concerns over energy inflation. Meanwhile, SpaceX’s (SPCX) largest-ever IPO debuted today, becoming the focus of pre-market trading. The three major U.S. stock index futures rose in pre-market sessions; as of press time, Dow futures were up approximately 0.8%, S&P 500 futures rose about 0.68%, and Nasdaq 100 futures gained roughly 0.64%.

The official trading start for SpaceX has been delayed by half an hour. Prediction markets are betting on a strong debut for SPCX, with an expected opening price between $150 and $200.

TradingKey - Nokia's fastest-growing business isn't traditional telecom equipment. As 5G spending slows, private wireless networks and enterprise connectivity are emerging as key growth drivers for NOK.

TradingKey - SpaceX will officially list on the Nasdaq at 9:30 AM ET on June 12. Notably, ahead of the listing, several ETF issuers have already moved to launch or file for 2x leveraged long and short products linked to its share price. This implies that investors will be able to bet directly on short-term fluctuations in SpaceX's stock price through leveraged ETFs.

As the Middle East situation shows potential for a turnaround, both gold and Bitcoin have stabilized and rebounded near key psychological levels. However, which asset is better suited as an inflation hedge?

TradingKey - On June 12, ET, Reuters reported, citing three sources familiar with the matter, that NVIDIA (NVDA) has informed Chinese customers that its new Vera CPU, dedicated to AI data centers, will be available as early as August and is now open for orders. Unveiled in March, the Arm-based CPU is NVIDIA’s first standalone processor designed specifically for autonomous AI. Production capacity is now prepared as the company shifts its focus toward full commercialization.

TradingKey - As of the Asian session on June 12, gold (XAUUSD) prices fluctuated and weakened near $4,180. Yesterday, gold prices briefly dipped to near $4,000 before rebounding sharply above $4,200, driven by the impending signing of a US-Iran agreement. However, with the decline for June still reaching approximately 8%, the market continues to exhibit a bearish bias.

TradingKey - During the Asian trading session on June 12, the South Korean stock market experienced sharp volatility. The KOSPI Index opened 6.4% higher and surged by more than 8.6% intraday before closing at 8,123.62 points, a gain of 4.63%. Japanese stocks rose in tandem, with the Nikkei 225 Index closing at 66,019.82 points, up 2.81%.

SpaceX's IPO is seeing frenzied demand; however, this does not guarantee price appreciation. Investors should beware of the risk of a sharp correction post-listing.