Analysis

TradingKey - British pharmaceutical giant GSK announced on June 9 that it will acquire U.S. biotechnology company Nuvalent (NUVL) for $10.6 billion in an all-cash deal to bolster its lung cancer drug pipeline. This transaction marks GSK's largest acquisition in over a decade and represents the first major strategic move under new CEO Luke Miels.

TradingKey - TSMC delivered $35.9 bn in quarterly revenue, 66.2% gross margins, and has CoWoS capacity sold out as AI demand continues to surge.

TradingKey - On Tuesday Eastern Time, the three major U.S. stock index futures rose in pre-market trading as AI chip stocks extended their recovery rally. A temporary cooling of tensions in the Middle East led to a pullback in oil prices, boosting market risk appetite. As of press time, Dow futures

TradingKey - Apple shares fell after WWDC 2026 as investors focused on delayed AI features. Did the market misread Apple's long-term strategy?

TradingKey - On June 8, ET, Apple (AAPL) officially kicked off its Worldwide Developers Conference (WWDC 2026) in Cupertino, California. This landmark event, widely regarded by the industry as Apple’s "Year 1 of AI," has captured the attention of the global tech community. At this final WWDC hosted by Tim Cook in his capacity as CEO, Apple utilized the entire keynote to demonstrate that it will no longer be absent from the AI era.

TradingKey - On June 8, Eastern Time, the memory chip and optical communication sectors led the rebound. Following the systemic sell-off on June 5, when the Philadelphia Semiconductor Index plummeted more than 10% in a single day, these two sub-sectors have emerged as the vanguard in the AI valuation recovery rally.

TradingKey — On June 8, ET, the Financial Times reported that Apollo Global Management (APO) and Blackstone (BX) have finalized a $35 billion private credit financing arrangement to support the computing power expansion of AI leader Anthropic. The funds will be used to purchase custom-developed Tensor Processing Units (TPUs) from Google (GOOGL) for Anthropic’s use through a leasing structure.

TradingKey - On June 8, Eastern Time, as SpaceX prepares for the largest IPO in history, CEO Elon Musk unveiled the detailed design of the "AI1" AI data center satellite, supporting the company's upcoming record-breaking initial public offering.

TradingKey - On Monday local time, OpenAI announced that it has confidentially filed for an IPO. The move comes just one week after competitor Anthropic filed for an IPO, and as SpaceX is set to officially list on June 12.

TradingKey - U.S. stocks rebounded slightly on Monday from Friday's plunge, led by technology stocks. The Dow Jones Industrial Average dipped nearly 0.2%, the S&P 500 rose about 0.3%, and the tech-heavy Nasdaq Composite gained 0.9%.

Tradingkey - June 8: Driven by the easing of geopolitical tensions, tech stocks rebounded across the board. The three major U.S. stock indices ended mixed, with the Nasdaq Composite leading the gains. By the close, the Dow Jones Industrial Average fell 0.16% to 50,786.01; the S&P 500 rose 0.30% to 7,405.73; and the Nasdaq Composite climbed 0.86% to 25,929.66. This rally in U.S. equities is primarily driven by continuous upward revisions in earnings expectations, supported by solid fundamentals rather than being a purely speculative market movement.

Tradingkey - Apple (AAPL) has seen sharp price volatility over the past 30 minutes. Shares rose more than 3% intraday but turned lower during the WWDC event. As of press time, the stock is down 0.71% at $305.15. At the WWDC 2026 conference, Apple introduced its next-generation AI platform and launched a new version of Siri, renamed "Siri AI," signaling its formal effort to catch up with Silicon Valley peers leading in the AI field.

Tradingkey — Last Friday, memory stocks plummeted following rumors that Nvidia plans to reduce memory configurations for its Vera Rubin racks. For details, see "Market Rumors: Nvidia Rubin Platform Plans to Reduce Memory Capacity…". The market interpreted the news of Nvidia (NVDA) cutting memory capacity for Vera Rubin racks as a sign of weakening memory demand. This triggered a 13.25% plunge in Micron and an 11.39% drop in SanDisk on the day, marking their largest single-day declines since the US-China trade war. However, Morgan Stanley’s latest research report refuted this bearish view, serving as the primary catalyst for today’s rally in memory stocks. As of press time, Micron Technology (MU) rose 9.11%, SanDisk (SNDK) gained 6.11%, and Seagate Technology (STX) advanced 4.%.

Tradingkey - On June 8, Google officially placed orders for millions of AI chips (TPUs) with Intel. Boosted by the news, Intel (INTC) shares opened higher at $111. As of press time, the stock remained up 10.71%, trading at $109.79. As TSMC’s production capacity fails to meet market demand, Intel is securing orders from enterprises including Google.

TradingKey - AI chipmaker Marvell Technology (MRVL) officially announced its upcoming inclusion in the S&P 500 Index; the stock rose nearly 9% in pre-market trading on Monday.

TradingKey - Apple WWDC 2026 June 8–12. Apple Intelligence Siri enhancements, iOS/macOS AI integration unveiled. $111.2B Q2 revenue, $31B Services ATH. AAPL at $307.38, Fib 0.236 pullback. Target $323.44.

TradingKey - Following a broad sell-off last Friday, the U.S. memory stock sector staged a strong rebound in pre-market trading today, with Micron Technology (MU) gaining over 7%. Tesla (TSLA) CEO Elon Musk publicly expressed bullish views on Micron during an interview at JPMorgan Chase’s global headquarters, stating that "the real bottleneck lies in chip manufacturing capacity" and that Micron's current production capacity is far below actual demand.

TradingKey - The Nasdaq 100 is pulling back ahead of Kevin Warsh's first FOMC meeting as Fed Chair. Will AI fundamentals or Fed policy drive the next move?

TradingKey - On Monday Eastern Time, all three major U.S. stock index futures rose in pre-market trading as technology stocks recovered from last week's sell-off, with a rebound in chip stocks leading gains in Nasdaq futures. However, escalating tensions in the Middle East pushed oil prices higher, and market concerns regarding inflationary pressures and the Federal Reserve's policy path persist. As of press time, Dow futures rose 0.36%, S&P 500 futures rose 0.83%, and Nasdaq futures rose 1.49%.

TradingKey - As the AI wave continues to drive U.S. equities higher, debates over whether valuations have reached unsustainable levels are intensifying. Goldman Sachs (GS) noted in its latest research report that although some signs of overheating are emerging, key indicators show a significant gap between current market levels and the extremes seen during historical bubble periods. Meanwhile, Citigroup (C) has sharply raised its year-end 2026 S&P 500 target to 8,100, citing an "unprecedented" AI capex super-cycle.