Alan Long

TradingKey - According to media reports, OpenAI is considering postponing its planned initial public offering to next year to secure a higher valuation and await more favorable market conditions. Sources say that OpenAI's advisors have presented two options to the company's management: either list as soon as possible while accepting a lower valuation, or wait until 2027 to proceed with the IPO to target a valuation of up to $1 trillion.

TradingKey - On June 25, Eastern Time, the three major US stock indexes closed mixed. Strong earnings from Micron (MU) reignited trading in AI memory and semiconductors, but declines in Apple (AAPL) and several mega-cap tech stocks offset the support from the rebound in chip stocks. Meanwhile, US May PCE inflation rose to a three-year high, and the market remained cautious about the Federal Reserve's subsequent rate hike path.

TradingKey - As of the Asian session today (June 25), gold (XAUUSD) was trading at $3,976.90, down 0.54% intraday. Following yesterday's drop below $4,000, gold prices fluctuated near $3,980 today, indicating that the market is awaiting further catalytic signals to determine its short-term direction. Notably, the U.S. May PCE data is scheduled to be released today.

TradingKey - On June 24, Eastern Time, Qualcomm (QCOM) sent a major signal at its Investor Day: the company projects that its data center chip sales will exceed $15 billion by 2029, with revenue from the segment expected to reach $5 billion by fiscal year 2027. Meanwhile, Meta (META) will adopt its Dragonfly C1000 data center CPU, and Microsoft (MSFT) will deploy its HBC chips, marking Qualcomm's official entry into the AI data center market. Following the announcement, Qualcomm shares surged over 12% in after-hours trading.

TradingKey - Japanese memory chip giant Kioxia plans to issue American Depositary Receipts (ADRs) and list in the United States as early as the spring of 2027, aiming to further expand its international investor base, enhance stock liquidity, and boost its valuation. Previously, Kioxia had announced that it was preparing to list American Depositary Shares (ADSs) on a US stock exchange, though the specific exchange, offering size, and final timeline remain subject to regulatory approvals and market conditions. Following the announcement, Kioxia’s stock price experienced minor intraday fluctuations. As of press time, the latest price stood at 99,930 yen, down slightly from the opening price.

TradingKey - On June 24, Eastern Time, the three major U.S. stock indexes closed mixed as the market continued to digest high AI valuations, capital expenditure pressures on tech giants, and expectations of another Federal Reserve rate hike this year. A sharp decline in oil prices eased inflation co

TradingKey - As of today's European session (June 24), gold prices (XAUUSD) maintained a weak downward trend intraday, hitting a near two-week low of $4,050 during the session, indicating clear short-term bearish sentiment in the market. As of press time, gold was trading at $4,077.77, down 0.78% on the day.

TradingKey - On Tuesday (June 23) Eastern Time, dragged down by the collapse of the semiconductor sector in the South Korean stock market, US tech stocks experienced a notable pullback, particularly exerting a direct sentiment transmission on US memory chip and AI hardware chains.

TradingKey - In early Asian trading on June 24, Japanese and South Korean stock markets staged a recovery following yesterday's sharp decline. South Korea's KOSPI Index opened at 8,356.79 points, up approximately 1.86% from the previous session's close of 8,203.84 points. As of press time, the KOSPI rose 4.14% to 8,543.68 points. The Nikkei 225 Index opened lower by about 0.31% at 69,615 points; as of press time, the index stood at 69,691.12 points, down 0.18%.

TradingKey - The United States is scheduled to release the May PCE price index on June 25, Eastern Time. As one of the Federal Reserve's preferred inflation indicators, it will serve as key data for the short-term market to gauge the Fed's policy path. For investors, the focus is on whether the data can alter interest rate expectations following the Fed's latest hawkish stance.

TradingKey - Since April 2025, copper prices have achieved a cumulative gain of over 60%, driven primarily by the steadily growing market demand for copper amid the continuous development of AI.

TradingKey - Recently, after testing the $62.00 level again, silver prices (XAGUSD) continued to rebound on expectations of US-Iran peace talks, briefly surging to $70 this week. As of the European session on June 17, silver prices consolidated around $69.60. However, technical analysis shows a double-bottom pattern on the weekly chart, which may support a continued rise in silver prices.

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 - 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 - During the Asian session today (June 18), gold prices (XAU/USD) maintained an intraday rebound, boosted by positive news regarding the potential early signing of a US-Iran agreement. This recovered most of the losses from Wednesday's plunge triggered by the Federal Reserve's hawkish stance, with intraday prices rebounding from Wednesday's low of $4,219 to $4,329.9 at one point. On the technical front, $4,360 represents a key near-term resistance for bulls; only a breakthrough above this level can open up further upside for gold prices.

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 - SpaceX (SPCX) options officially began trading this Tuesday (June 17). Approximately 1.8 million contracts were traded on the first day, with about $2.8 billion in premium changing hands, breaking the record for the first-day trading volume of a single-stock option. Notably, market sentiment was clearly characterized by momentum-chasing, with call volume outstripping put volume. The overall call/put ratio was approximately 1.3:1, indicating that capital continues to bet on a further rise in SpaceX's share price.

TradingKey - On Tuesday EST, the three major U.S. stock index futures edged higher in pre-market trading as the market entered a wait-and-see stance following a sharp rally in the previous session. An interim agreement between the U.S. and Iran continued to weigh on oil prices, easing market concerns over energy inflation, but investor attention has clearly shifted to this week's Federal Reserve interest rate meeting. This marks the first interest rate decision since Kevin Warsh took office as Federal Reserve Chair, and the market will focus closely on his remarks regarding inflation, employment, and the subsequent path of interest rates.

TradingKey - As of the European session today (June 16), the crude oil market continued to weaken amid expectations of an impending preliminary US-Iran agreement. The market may have begun trading the supply recovery logic, increasing downward pressure on oil prices. As of press time, WTI crude (USOIL) fell 1.63% to $79.85, while Brent crude dropped 1.32% to $82.25.