Analysis

TradingKey - June 11: SpaceX is set to list on the Nasdaq. According to sources familiar with the matter, the largest IPO in SpaceX's history has attracted over $250 billion in investor subscription demand—3.5 to 4 times its planned $75 billion fundraising target—with market enthusiasm far exceeding expectations. The market is currently concerned that this record-breaking IPO will create a "liquidity drain" on the stock market, significantly diverting funds from the secondary market. This could, in turn, exert temporary valuation pressure on the storage and CPU sectors—the most popular AI trade segments for 2026—including core stocks such as Micron (MU), SanDisk (SNDK), Intel (INTC), and AMD (AMD).

Adobe’s stock price remained flat ahead of its earnings report, with market focus centered on the progress of its partnership with Nvidia and the monetization of its Firefly AI tool.

SpaceX SPCX priced $135 June 11, first trading June 12. $75B raise, $1.75T valuation. Starlink $11.4B revenue, 10.3M subscribers, 63% EBITDA margin. xAI $6.36B operating loss. MSCI inclusion T+1. Week 1 range $135–$180.

Oracle’s massive capital expenditure has triggered significant risks, prompting investors to sell off shares as a preemptive measure.

TradingKey - On Thursday, Eastern Time, the three major U.S. stock index futures rebounded in pre-market trading. Technology stocks saw a recovery after two consecutive days of declines as markets temporarily digested tensions between the U.S. and Iran along with the impact of the previous day’s hot CPI data. As of press time, Dow futures rose approximately 0.83%, S&P 500 futures gained about 0.76%, and Nasdaq futures climbed around 1.22%.

Oracle Q4 FY2026: $15.6B revenue +11%, OCI +40%, Cloud RPO +28%. EPS beat, margins slight miss at 45.2%. ORCL at $184.60, RSI 33.89 oversold at EMA200 $190.52. Target $198–$210.

TradingKey - I am optimistic on NVIDIA (NASDAQ: NVDA) even after attaining $5 trillion market. Honestly, Nvidia has consistently shown that it is the backbone of AI infrastructure.

Tradingkey - During the June 11 Asian trading session, South Korean media outlet ETNews reported that SK Hynix has received requests from multiple Tier-1 equipment suppliers to increase supply prices by approximately 3% to 4%. SK Hynix has requested the relevant companies to submit supporting documentation for the price adjustments pending further evaluation.

TradingKey - During Asia trading on June 11, South Korea's KOSPI index closed at 7,762.94 points, up 0.42%. Japan's Nikkei 225 index closed at 64,217.22 points, edging up 0.06%, after dropping more than 2% in early trade before gradually narrowing losses and rebounding slightly.

TradingKey - On June 10, Eastern Time, The Wall Street Journal reported that OpenAI is considering significantly reducing the fees it charges users (specifically token pricing) in an effort to win customers from its major rival, Anthropic.

Tradingkey - As AI technology deployment accelerates, global demand for high-performance memory chips continues to climb. South Korea's two semiconductor giants, SK Hynix and Samsung Electronics, have recently announced major capacity expansion plans to fully position themselves within the AI chip supply chain.

TradingKey - Last week, the S&P 500 Index fell 2.6%, recording its largest weekly decline since May 2025. Meanwhile, capital is flowing out of U.S. equities. According to data from Bank of America strategist Jill Carey Hall, clients net sold a total of $14.4 billion in U.S. stocks last week (net of ETF inflows), with single-stock outflows reaching a record high of $14.2 billion.

TradingKey - During the Asian trading session on June 11, Yonhap News Agency reported that OpenAI CEO Sam Altman plans to visit South Korea next week and will visit Samsung Electronics' headquarters in Suwon on June 15. The core agenda of the visit is to advance cooperation regarding the comprehensive integration of artificial intelligence into Samsung's business operations.

TradingKey - During the early Asian trading session on June 11, Japanese and South Korean stock markets both trended higher after opening sharply lower. As of press time, South Korea’s KOSPI Index stood at 7,673.71 points, while the Nikkei 225 Index rebounded in tandem, with its decline narrowing to 0.88%.

TradingKey - On June 10, the U.S. May CPI hit a three-year high, and combined with Trump’s new threats of military action against Iran, these factors dampened market sentiment. All three major U.S. stock indices closed lower, with technology stocks broadly underperforming.

TradingKey — On June 10, Eastern Time, Oracle (ORCL) shares fell over 7% in post-market trading following the release of its fourth-quarter fiscal 2026 earnings report. As of press time, the stock was down 4.85%, trading at $191.49. In the fourth quarter, Oracle’s total revenue reached a record high

Tradingkey - On June 10, U.S. May CPI reached a three-year high and Trump issued new threats of military action against Iran, weighing on market sentiment. All three major U.S. stock indices retreated, with technology stocks suffering broad losses. As of the close, the Dow Jones Industrial Average fell 1.87% to 49,918.78 points; the S&P 500 Index declined 1.62% to 7,266.99 points; and the Nasdaq Composite Index dropped 1.98% to 25,169.5 points.

TradingKey - OpenAI and Visa (V) jointly announced on Wednesday the integration of Visa payment services into the OpenAI platform, enabling AI agents to autonomously complete online purchases and payments upon user authorization. This is a further expansion of a previous cooperation agreement between the two companies. At the application level, users can instruct AI agents to perform tasks such as bill payments and grocery shopping, while online retailers will support transaction requests initiated by AI agents. As the AI platform with the highest brand recognition among consumers, ChatGPT will serve as the primary entry point for the implementation of this payment capability.

TradingKey - SpaceX plans to price on Thursday and begin trading on Friday. This offering, poised to be one of the largest IPOs in history, has faced public skepticism from North Carolina State Treasurer Brad Briner. Briner stated that with the Elon Musk-led SpaceX valued at $1.77 trillion, the "upside is already limited," and he will not use pension funds for a direct purchase.

TradingKey - U.S. President Trump posted on his social media platform on Wednesday, stating that Iran has delayed negotiations for a temporary peace agreement for too long and will "pay a price" for it. This follows renewed overnight attacks by both sides, putting further pressure on an already fragile two-month ceasefire agreement. International oil prices rose in response to the news. Brent crude futures briefly broke above $93 before paring some gains, though they remain at elevated levels. Market concerns are growing that prospects for negotiations to reopen the Strait of Hormuz have further dimmed.