Analysis

Macroeconomic Landscape: The U.S. manufacturing sector expanded for the fifth consecutive month in May, with the ISM Manufacturing PMI rising to 54.0, up Upcoming Events: The coming week will feature significant economic data releases, including the U.S. Consumer Price Index (CPI) for May on June 10

TradingKey - Since Elon Musk's aerospace company SpaceX filed on May 20, the market has been filled with anticipation for what could be the largest IPO in history. Investors currently generally expect its valuation to range between $1.75 trillion and $2 trillion. According to the latest media reports, SpaceX is expected to finalize its pricing on June 11 and list on the Nasdaq on June 12, 2026, under the ticker symbol SPCX. Based on the latest market news, the primary point of contention regarding this aerospace company is its multi-trillion-dollar valuation.

TradingKey - Rocket Lab Q1 2026: $110M revenue, $1.1B backlog, 50+ Electron launches. Neutron medium-lift reusable rocket targeting 2026 first flight. RKLB at $117.40, 4H trendline support. Target $134.

TradingKey - Applied Optoelectronics grew revenue 42% and expanded gross margins as 800G AI networking demand accelerated. Can AAOI extend its rally toward $221?

TradingKey - On June 1 (Eastern Time), Anthropic officially filed for a confidential IPO with the U.S. Securities and Exchange Commission (SEC), and is poised to become the first AI startup with a trillion-dollar valuation.

TradingKey - Adobe (ADBE) will release its fiscal Q2 2026 financial results after the market close on June 11. Market attention is focused on two key areas: first, whether Adobe’s generative AI can be effectively converted into sustainable revenue; and second, whether AI products can drive continued growth in Digital Media ARR, rather than just increasing user engagement and feature penetration.

TradingKey - In 2026, the S&P 500 Index has repeatedly hit new record highs. As of the close on June 2 Eastern Time, its total market capitalization surpassed $69 trillion, representing a year-to-date gain of more than 10%.

As $7.9B floods into SpaceX ETFs, early investors face a hidden dilution trap. Is buying a SpaceX ETF worth the risk, or is there a better Pre-IPO play?

TradingKey - Apple’s (AAPL) upcoming Worldwide Developers Conference (WWDC), set to kick off on June 8, is becoming the tech industry’s most watched focal point. The five-day event (June 8–12) will officially commence with a keynote address on the 8th at ET. Expectations have surged far beyond routine software updates—the market is eager to see Apple deliver on the AI commitments it made for 2024.

TradingKey - Marvell delivered $2.4 bn in Q1 revenue and raised FY2027 guidance. Why does Nvidia CEO Jensen Huang believe MRVL could become a trillion-dollar company?

TradingKey - Nebius Group Q1 2026: $399M revenue +684% YoY, EBITDA positive $129.5M. Microsoft $17–19B and Meta $27B contracts. $9.3B cash. 1.2 GW power. NBIS at $253.51. Target $280.

TradingKey - Over the past decade, competition in the semiconductor industry has centered on process nodes, production capacity, and CPU performance. In the AI era, market focus has shifted toward power consumption control; those who can balance computational power with energy efficiency are poised to emerge as winners in the next cycle. Driven by this logic, ARM-related stocks have gained significant attention in capital markets.

TradingKey — Oracle (ORCL) will release its fourth-quarter fiscal 2026 earnings report on June 10, Eastern Time. The market's primary focus remains on whether the Oracle Cloud Infrastructure (OCI) business can sustain its rapid growth and if the massive order backlog can be effectively converted into revenue and cash flow.

TradingKey - The S&P 500 Index rose for nine consecutive trading days on June 2, reaching a new all-time high and marking its longest winning streak in over a year. The performance of the S&P 500 serves as a direct indicator of the overall trend of the U.S. stock market. From the perspective of asset allocation, investing in the S&P 500 is equivalent to allocating capital to a portfolio that is deeply coupled with the overall performance of the U.S. macroeconomy. Therefore, investing in the S&P 500 is essentially a bet on the medium-to-long-term growth potential and earnings capacity of U.S. listed companies.

Tradingkey - On June 5, AI investment sentiment continued to recede, causing the three major US stock indices to fall sharply, with tech stocks leading the broader market decline. By the close, the Dow Jones Industrial Average fell 1.35% to 50,866.78 points; the S&P 500 Index dropped 2.64% to 7,383.74 points; and the Nasdaq Composite Index plummeted 4.18% to 25,709.43 points.

TradingKey - On June 3 (ET), despite ASIC giant Broadcom reporting impressive quarterly results—with revenue exceeding $22 billion for the first time (up 48% YoY) and AI semiconductor revenue reaching $10.8 billion (up 143% YoY), both slightly beating expectations—shares still plunged over 15% after hours and ultimately closed down 13.78%.

Tradingkey - On June 5, rumors of a memory downgrade for Nvidia's Rubin platform caused storage stocks to plummet. As of press time, SanDisk (SNDK) fell 11.16%, Micron Technology (MU) dropped 9.49%, Western Digital (WDC) fell 8.53%, and Seagate Technology (STX) declined 6.62%. Market reports indicate that Nvidia may reduce the standard SOCAMM memory configuration for the Rubin NVL72 platform, cutting the total capacity per rack from 55TB to 28TB. The projected decrease in memory allocation per computing machine under the new architecture has triggered widespread concerns regarding future memory demand.

TradingKey - As an AI super-unicorn with a valuation nearing $1 trillion, Anthropic’s IPO process has consistently captured the attention of global capital markets. Monitor Anthropic-concept stocks.

TradingKey - JPMorgan (JPM) has upgraded Tesla (TSLA) from "Underweight" to "Neutral" and significantly raised its price target from $145 to $475, an increase of over 227%.

TradingKey - Broadcom Q2 FY2026: ~$13.5B revenue, strong Data Centre AI growth, expanding custom ASIC backlog. AVGO at $413.63, RSI 29–35 deeply oversold at 0 Fib $405.42. Target $452.20.