Analysis

In addition to Coinbase, Cathie Wood holds numerous crypto stocks, including Robinhood, Circle, and Block.

TradingKey - Micron (MU) enters the new week after record Q3 earnings and a healthy pullback. Here's what to watch when markets reopen, including Core PCE and key technical levels.

TradingKey - NVIDIA (NVDA) enters the new week 17% below its all-time high despite record earnings. Here's what to watch when markets reopen, including Core PCE, Vera Rubin, and key technical levels.

TradingKey - On June 30, Eastern Time, Nike (NKE) will report its fiscal fourth-quarter 2026 financial results. For this earnings report, the market's focus is not only on performance, but also on verifying whether the turnaround plan driven by CEO Elliott Hill is yielding results.

TradingKey - Micron Technology (MU) released a blowout earnings report for the third quarter of fiscal year 2026, with revenue surging 346% year-over-year to $41.5 billion, non-GAAP diluted earnings per share (EPS) reaching $25.11, and its gross margin jumping to 84.9%. All three core metrics set new historic records. The explosive growth in AI memory demand, combined with the implementation of 16 "take-or-pay" Strategic Customer Agreements (SCAs), not only drove a surge in single-quarter performance but also reshaped the company's business model. Following the earnings release, Micron's stock price surged nearly 16% in a single day to hit a new all-time high. Wall Street collectively raised their price targets, and the market generally believes that Micron is in a critical window of transition from a highly cyclical memory manufacturer to a core AI infrastructure asset.

TradingKey - OpenAI may postpone its initial public offering (IPO) until after next year. With the market anticipating weakening demand for AI infrastructure, chip and memory stocks were sold off. The three major indices closed down across the board, with the Nasdaq Composite Index falling for the fifth consecutive day. At the close, the Dow Jones Industrial Average fell 0.09% to 51,876.11 points; the Nasdaq Composite Index fell 0.24% to 25,297.62 points; and the S&P 500 Index fell 0.05% to 7,353.95 points.

TradingKey - In February 2025, SanDisk (SNDK) spun off from Western Digital (WDC) to become an independent, publicly listed company focusing on the NAND flash memory business. Little did anyone expect that this storage manufacturer, whose value was once overshadowed by its parent company's diversification strategy, would go on to create a legend in the US stock market, propelled by the AI wave.

TradingKey - On June 26, Eastern Time, investment sentiment surrounding the AI rally in US stocks shifted, though this anomaly was not apparent at the index level. The three major US indices closed flat today, with the Dow Jones Industrial Average down 0.03% to 51,903.34 points, the Nasdaq Composite down 0.01% to 25,356.26 points, and the S&P 500 up 0.09% to 7,363.84 points. However, at the sector level, weighed down by mounting concerns over the rising costs of artificial intelligence infrastructure, previously strong AI infrastructure stocks stumbled today, with both memory and chip stocks declining.

TradingKey - During Asian trading hours on June 26, SoftBank Group's stock price plummeted by over 14% intraday before closing down more than 12% at 6,226 yen, wiping out nearly 5.6 trillion yen in market value in a single day. The decline was triggered by reports that OpenAI, in which SoftBank holds a heavy $65 billion stake, has postponed its IPO as its financial deficit continues to widen. This sell-off comes shortly after SoftBank CEO Masayoshi Son asserted in an exclusive interview with CNBC: "The next golden track to birth a trillion-dollar company will be physical AI and humanoid robots."

TradingKey - According to The New York Times, OpenAI, in which SoftBank holds a 13% stake, may delay its initial public offering (IPO) until 2027.

TradingKey - Apple stock fell after raising Mac and iPad prices to offset soaring DRAM and NAND costs. Here's how the AI memory shortage boosting Micron is squeezing Apple's margins.

TradingKey - SoftBank dropped 13% after reports OpenAI may delay its IPO until 2027. Here's what the delay means for SoftBank's $65B investment and the stock outlook.

TradingKey - Ahead of the US market open on June 26, Eastern Time, the three major US stock index futures fell across the board. As of press time, Dow futures were down 0.10%, Nasdaq 100 futures fell 1.08%, and S&P 500 futures declined 0.44%.

TradingKey - During Friday's pre-market session EST, the US semiconductor sector suffered a widespread sell-off. ON Semiconductor (ON) saw its pre-market decline widen to as much as 13.6%, Micron Technology (MU) fell 4.7%, and AMD (AMD) and Intel (INTC) both dropped over 3%.

TradingKey - Micron Technology's (MU) stronger-than-expected post-market earnings on Wednesday are reshaping the cycle outlook for the global memory chip industry. The latest research report from BofA Securities notes that this AI-driven memory supercycle could extend to 2027, and possibly even last until 2030, as the industry undergoes a structural transformation.

TradingKey - As of the close on June 25, Eastern Time, Microsoft (MSFT) shares extended their recent intraday downward trend, closing down 3.46% at $352.83. Since the start of June, Microsoft's stock has steadily declined, racking up a cumulative drop of 21.64%, which indicates that investor sentiment has turned bearish. Furthermore, as the stock price broke below its March low, market bearishness was further amplified. Today, the stock rose slightly by 1% in pre-market trading, suggesting some downside support.

Strategy's share price has fallen for eight consecutive trading days, registering a cumulative decline of 36%, and may continue to slide toward $65 in the short term.

TradingKey - On June 25, Eastern Time, just days after completing the largest-ever IPO, SpaceX (SPCX) once again delivered major news to the market. According to the Financial Times, citing four people familiar with the matter, SpaceX President and Chief Operating Officer Gwynne Shotwell stated during the IPO roadshow that the company is considering launching Starlink retail mobile services for U.S. consumers and may build its own terrestrial mobile network covering the United States.

TradingKey - On Thursday, June 25 (Eastern Time), Apple (AAPL) shares closed down 6.12% at $275.15, after hitting an intraday low of $273.75. Looking at the session, Apple not only underperformed the Nasdaq today but also became one of the key heavyweights dragging down the performance of mega-cap tech stocks. The direct catalyst for the market sell-off was Apple's recent announcement of price hikes across multiple hardware products, triggering a reassessment by investors of its future demand, profit margins, and brand pricing power.

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.