TradingKey

Selling activity by Strategy has hit Bitcoin hard, while the approaching Mt. Gox repayment deadline intensifies selling pressure; a decline to the $60,000 level cannot be ruled out.

TradingKey — On June 2, Eastern Time, the cryptocurrency market suffered its most severe mass liquidation year-to-date. Bitcoin (BTC) breached the $70,000 psychological threshold for the first time since April 2026, plunging through the $69,000, $68,000, $67,000, and $66,000 marks to hit an intraday low of $65,978. This represents a decline of more than 14% from the high of $77,799 reached just two trading days ago.

TradingKey - According to the Wall Street Journal, citing people familiar with the matter, SpaceX will submit an updated prospectus as early as Wednesday, disclosing its target price range for the first time. SpaceX is negotiating with its IPO underwriters to lower the underwriting fee to below 0.75

TradingKey - Samsung Electronics showcased its eighth-generation High Bandwidth Memory (HBM5) prototype for the first time at Computex 2026 and announced that it has delivered 12-layer HBM4E samples to customers. SK Hynix unveiled its differentiated heat dissipation technology "iHBM" on the eve of the event, with mass production of HBM5 expected between 2029 and 2030. Micron Technology (MU) is also accelerating its catch-up efforts. The competition is evolving from a race for speed into a contest of heat dissipation and packaging capabilities, where the choice of Nvidia (NVDA), the primary customer, remains decisive.

TradingKey - Since listing in Tokyo in December 2024, Kioxia Holdings has taken one and a half years to leap from its IPO to Japan's top three companies by market capitalization. As of the Asian trading session on June 3, Kioxia's Japanese shares saw year-to-date gains reach as high as 660%, topping the leaderboard for annual gains among global semiconductor manufacturers.

TradingKey - On June 2nd, Eastern Time, the COMPUTEX conference boosted AI sentiment, leading to a rally in US tech stocks. All three major indices hit new closing highs: the Dow Jones Industrial Average rose 0.45% to 51,307.79 points, the S&P 500 rose 0.13% to 7,609.78 points, and the Nasdaq Compos

TradingKey - On June 2 (ET), the COMPUTEX event in Taipei fueled market sentiment for artificial intelligence investments, as US tech stocks extended their recent rally and all three major US indices reached record closing highs. By the close, the Dow Jones Industrial Average rose 0.45% to 51,307.79 points; the S&P 500 Index edged up 0.13% to 7,609.78 points; and the Nasdaq Composite Index added 0.03% to 27,093.9 points.

TradingKey - SpaceX plans to list on Nasdaq on June 12, with less than two weeks remaining before the debut of what is set to be the largest IPO in history. According to recent media reports, SpaceX could be included in the Nasdaq 100 Index as early as July. With a fundraising cap of $75 billion, its market capitalization post-listing may surpass that of Tesla. Supported by the high-growth sectors of AI and aerospace, SpaceX was initially expected to achieve an ultra-high market valuation. However, valuation targets were lowered following the disclosure of its prospectus. When SpaceX filed for a confidential IPO in early April, market valuations reached as high as $2 trillion. Following the prospectus disclosure, latest reports indicate the company's current target valuation has been revised down to $1.8 trillion, a $200 billion reduction from the $2 trillion valuation previously reported by Bloomberg.

TradingKey - Since investors are extremely interested in the coming SpaceX IPO on June 12th, the number of allocations will be very limited. Individual investors usually have trouble buying an IPO directly, and the trading can be quite volatile after the IPO. A less-congested, less-prominent alterna

TradingKey - On June 2, Marvell Technology (MRVL) shares hit a high of $277.22, marking a new all-time high. As of press time, the stock was up 23.65% at $271.33. During a speech at Computex Taipei, Marvell Chairman and CEO Matt Murphy stated that the development of AI infrastructure is following a clear evolutionary path where "bottlenecks emerge and are resolved sequentially." The first stage was the computing power bottleneck, led by NVIDIA, which became the first company in the world to surpass a $5 trillion market capitalization. The second stage was the memory bottleneck, which recently saw the emergence of three new trillion-dollar market cap companies in the memory sector. The industry is currently in the third stage, where connectivity has become the core bottleneck restricting the further scaling of AI infrastructure.

TradingKey - On June 1, Eastern Time, driven by tight demand for memory chips, Micron (MU) shares successfully broke through the $1,000 psychological level. By the close of U.S. trading, Micron’s share price stood at $1,035.68, with its market capitalization rising to approximately $1.18 trillion.

TradingKey — Cloud cybersecurity leader CrowdStrike (CRWD) is scheduled to release its first-quarter fiscal 2027 earnings report after the market close on June 3, ET. Over the past month, the company’s share price has surged by a cumulative 67% as market sentiment heated up significantly, pushing investor expectations for the upcoming report to high levels.

TradingKey - Microsoft Q3 FY2026: $61.9B revenue +13%, Azure +31%, 80%+ of Fortune 500 using Azure AI. $190B 2026 capex commitment. MSFT at $452, Fib 0.618 cleared. Build 2026 today. Target $472.

MicroStrategy and Bitcoin are experiencing a downward spiral; the key to a short-term floor lies in the upcoming release of U.S. ADP and non-farm payroll data.

TradingKey — US stock index futures edged lower in pre-market trading on Tuesday, June 2. Yesterday, US stocks hit fresh record highs as AI themes continued to dominate market sentiment. However, investors remained cautious ahead of this Friday’s non-farm payroll report, while monitoring the impact of Middle East tensions on oil prices and inflation expectations. As of press time, Dow futures were down approximately 0.46%, S&P 500 futures fell about 0.18%, and Nasdaq 100 futures declined roughly 0.1%.

TradingKey - Snowflake stock surged to $280 after a 52% rally in five trading days. Can AI-driven growth and the Snowflake Marketplace push SNOW toward $317?

TradingKey - Google parent Alphabet (GOOGL) announced on Monday the launch of an equity financing plan totaling up to $80 billion, aimed at providing capital for its ambitious AI infrastructure expansion.

Bitcoin's drop below $70,000 will reduce the value of SpaceX's Bitcoin holdings, but it is highly unlikely to derail its IPO process.

TradingKey — According to media reports on June 2, SK Group Chairman Chey Tae-won issued several major signals at the GTC conference in Taipei. He explicitly stated that SK Hynix plans to double its memory chip wafer capacity within the next five years, with the goal of becoming the primary HBM chip supplier for Nvidia’s next-generation AI computing platform, the Vera Rubin system. Furthermore, the company aims to further expand its diversified partnerships in Taiwan.

TradingKey — Recently, silver prices (XAGUSD) have been range-bound between $73.60 and $78.00 due to the fluctuating US-Iran situation. However, as further signals of de-escalation emerge, silver prices may resume their upward trend.