Analysis

TradingKey - On June 12, SpaceX (SPCX) opened at $150 in its market debut, up 11.11% from its offering price of $135, with trading turnover exceeding $11.4 billion. Its latest market capitalization reached $2.05 trillion, immediately joining the ranks of the world's most valuable companies and surpassing Broadcom, Tesla, and Meta. It currently ranks as the 8th largest company in the U.S. by market value.

TradingKey - On June 12, the two major crude oil benchmarks plummeted, with WTI crude futures dropping over 4% after Iran signaled a potential move toward peace talks. According to media reports, the Iranian Foreign Minister stated that Iran and the U.S. have never been closer to reaching a Memorandum of Understanding (MoU). However, he added that the media should avoid speculating on its contents until they are finalized, stating, "In accordance with our responsible and transparent approach, all details will be shared with the public at the appropriate time." As of press time, WTI crude futures fell 3.85% to $84.33, dropping to levels last seen in mid-April, while Brent crude futures fell 3.78% to $86.98.

TradingKey - On June 12, storage stocks led gains as SanDisk (SNDK) approached the $2,000 milestone, reaching an intraday high of $1,996.77 today. Notably, the NAND flash semiconductor supplier’s year-to-date gains have reached approximately 50 times. As of press time, within the storage sector, Seagate Technology (STX) rose 5.25%, Western Digital (WDC) rose 4.77%, and SanDisk (SNDK) rose 3.43%.

Sudden negative news sent Adobe shares to their lowest level since 2019, with short-term support expected at $200.

TradingKey - Intel's 18A turnaround is gaining credibility as Microsoft confirms foundry orders and Apple is reportedly evaluating US-made chips. Is INTC finally turning the corner after years of execution challenges?

TradingKey - On Friday ET, rising expectations of a U.S.-Iran peace agreement drove a sharp decline in oil prices, easing market concerns over energy inflation. Meanwhile, SpaceX’s (SPCX) largest-ever IPO debuted today, becoming the focus of pre-market trading. The three major U.S. stock index futures rose in pre-market sessions; as of press time, Dow futures were up approximately 0.8%, S&P 500 futures rose about 0.68%, and Nasdaq 100 futures gained roughly 0.64%.

The official trading start for SpaceX has been delayed by half an hour. Prediction markets are betting on a strong debut for SPCX, with an expected opening price between $150 and $200.

TradingKey - Nokia's fastest-growing business isn't traditional telecom equipment. As 5G spending slows, private wireless networks and enterprise connectivity are emerging as key growth drivers for NOK.

TradingKey - SpaceX will officially list on the Nasdaq at 9:30 AM ET on June 12. Notably, ahead of the listing, several ETF issuers have already moved to launch or file for 2x leveraged long and short products linked to its share price. This implies that investors will be able to bet directly on short-term fluctuations in SpaceX's stock price through leveraged ETFs.

TradingKey - On June 12, ET, Reuters reported, citing three sources familiar with the matter, that NVIDIA (NVDA) has informed Chinese customers that its new Vera CPU, dedicated to AI data centers, will be available as early as August and is now open for orders. Unveiled in March, the Arm-based CPU is NVIDIA’s first standalone processor designed specifically for autonomous AI. Production capacity is now prepared as the company shifts its focus toward full commercialization.

TradingKey - During the Asian trading session on June 12, the South Korean stock market experienced sharp volatility. The KOSPI Index opened 6.4% higher and surged by more than 8.6% intraday before closing at 8,123.62 points, a gain of 4.63%. Japanese stocks rose in tandem, with the Nikkei 225 Index closing at 66,019.82 points, up 2.81%.

SpaceX's IPO is seeing frenzied demand; however, this does not guarantee price appreciation. Investors should beware of the risk of a sharp correction post-listing.

TradingKey - During the Asian trading session on June 12, Samsung Electronics and SK Hynix initially drove the South Korean KOSPI index up by more than 8%. However, intraday reports surfaced that several major Wall Street banks are restricting hedge funds' leveraged bets on these two stocks and TSMC (TSM). Subsequently, the South Korean stock market experienced a short-term dive, and the gains of the two major chip stocks narrowed significantly.

TradingKey - Following Samsung Electronics’ June 11 announcement to grant all employees access to external generative AI services, SK Hynix has confirmed it is assessing the feasibility of introducing ChatGPT Enterprise and Microsoft Copilot. The semiconductor industry is transitioning from the supply side of AI chips toward deep integration into corporate operations and management.

TradingKey - During the Asia session on June 12, the Korea Composite Stock Price Index (KOSPI) opened significantly higher by over 7%, reclaiming the 8,000-point mark, with gains subsequently expanding to over 8%. As of press time, the KOSPI stood at 8,388.53 points, surging 624.58 points or 8.04% from the previous trading day. During early trading, a circuit breaker was triggered as KOSPI 200 index futures rose by 5%, leading to a five-minute suspension of programmed trading.

TradingKey - On June 11, Eastern Time, as SpaceX moves toward its largest-ever IPO, CEO Elon Musk appeared via video at ASML’s annual technology conference in the Netherlands to outline his plans to enter the semiconductor manufacturing sector to ASML employees. Boosted by the news, ASML shares closed up 9.53% at $1,899.48, hitting a 52-week high.

Tradingkey - On June 11, Eastern Time, Trump announced the cancellation of plans to strike Iran, easing concerns over geopolitical conflict and significantly boosting market sentiment. All three major U.S. stock indices rose, with technology stocks leading the gains.

TradingKey - On June 11, Donald Trump announced the cancellation of a planned strike on Iran tonight. The easing of geopolitical tensions significantly boosted investor sentiment, driving a broad rally in the three major U.S. stock indices, with technology stocks leading the gains. At the close, the Dow Jones Industrial Average rose 1.86% to 50,848.75 points; the S&P 500 Index gained 1.75% to 7,394.30 points; and the Nasdaq Composite Index jumped 2.54% to 25,809.66 points.

TradingKey - Trump abruptly announced on Thursday the cancellation of planned strikes against Iran scheduled for that night, claiming that Iran's top leadership has approved a draft multilateral consensus agreement. The proposal includes extending the ceasefire, reopening the Strait of Hormuz, and initiating 60-day negotiations on the Iranian nuclear issue. He also stated that the U.S. naval blockade of Iran will continue until the agreement is formally signed.

Tradingkey - June 11: Global asset prices experienced intense volatility! The two major crude oil futures plummeted, while spot gold surged. The three major U.S. stock index futures strengthened in the short term, and U.S. Treasury yields dropped sharply. As of press time, WTI crude futures fell 3.72% to $86.68; Brent crude futures dropped 3.86% to $89.52. Spot gold rose approximately 2% to $4159. The three major U.S. stock index futures rose across the board, with Dow futures up 1.58%, Nasdaq 100 futures up 2.33%, and S&P 500 futures up 1.31%.