Analysis

TradingKey - On June 10 ET, Reuters reported, citing sources familiar with the matter, that SK Hynix plans to list in the United States as early as August this year. The U.S. Securities and Exchange Commission (SEC) may approve its American Depositary Receipt (ADR) listing application during the week of June 22. South Korea's Meritz Securities reported on the same day that if the approval proceeds smoothly, SK Hynix will officially list by mid-August at the earliest.

TradingKey - According to a Reuters report citing two attendees, SpaceX President Gwynne Shotwell and CFO Bret Johnsen stated that the company plans to launch its first demonstration orbital AI computing infrastructure by the end of 2027.

TradingKey - During the Asian trading session on June 10, both Japanese and South Korean stock markets closed lower, weighed down by the escalation of the U.S.-Iran military conflict, continued pressure on chip stocks, and rising inflation concerns. South Korea's KOSPI index fell 4.52% to 7730.82 points, while the Nikkei 225 index declined 1.89% to 64179.22 points.

TradingKey - Global semiconductor foundry giant TSMC (TSM) released its May 2026 revenue report on June 10. Monthly consolidated revenue reached NT$416.98 billion, representing a significant year-on-year increase of 30.1% and a month-on-month growth of 1.5%, setting an all-time monthly record. This performance extends the robust growth momentum seen since the beginning of 2026.

TradingKey - On June 9 (ET), OpenAI is in advanced talks to lease a planned 10 GW data center campus in Ohio, according to people familiar with the matter. The campus is proposed for federal land, and Nvidia (NVDA) may provide financial support.

TradingKey - During the Asian trading session on June 10, South Korean stocks fluctuated lower, pressured by rising geopolitical risks and the overnight decline in U.S. chip stocks. Chip stocks once again led the broader market's decline.

TradingKey - During the Asian trading session on June 10, sources familiar with the matter revealed that SoftBank Group’s negotiations to secure a margin loan of at least $6 billion, using its stake in OpenAI as collateral, have failed to make progress. This comes just weeks after the company reduced its initial $10 billion target by 40%. SoftBank declined to comment. The sources stated that SoftBank is still considering various financing options and may restart negotiations in the future.

TradingKey - June 10, 2026. Google Cloud reported that a fire at a third-party data center in Delhi, India, necessitated an emergency power shutdown of regional network equipment, resulting in a reduction in network capacity. Google Cloud has since rerouted a significant volume of traffic from the affected Delhi facility to other nodes to address the decline in local service capacity and is currently exploring additional traffic mitigation measures.

TradingKey - SpaceX is set to list on Nasdaq on June 12, targeting a valuation of $1.75 trillion. At that time, only approximately 3% to 4% of total shares will be freely tradable, with founder shares subject to a 366-day lock-up, resulting in an extremely thin public float.

TradingKey - U.S. stocks traded mixed on Tuesday, with tech stocks once again driving market volatility and failing to sustain Monday’s rebound. At the close, the Dow Jones Industrial Average rose 0.17% to 50,872.11, the S&P 500 fell 0.26% to 7,386.65, and the Nasdaq dropped 0.97% to 25,678.82.

Tradingkey - On June 9, the three major US stock indices stumbled in early trading before recovering amid volatility. Multiple international investment banks warned that market risks have not yet cleared, putting pressure on AI investment sentiment and causing tech stocks to lead the declines. By the close, the Nasdaq and S&P 500 led losses, while the Dow Jones found slight support. At the close, the Dow Jones Industrial Average rose 0.17% to 50,872.11; the S&P 500 Index fell 0.26% to 7,386.65; and the Nasdaq Composite Index fell 0.97% to 25,678.82.

Tradingkey - Anthropic announced the launch of Claude Fable 5 on Tuesday, the company's first Mythos-level AI model to be widely available to enterprise customers and paid users. Two months ago, a Mythos-level model of the same tier was released only to a limited user base due to safety concerns. This broad release is primarily attributed to newly added safeguards for high-risk areas, which can block responses to dangerous queries related to cybersecurity, biology, and other fields.

Tradingkey - According to sources familiar with the matter, the SpaceX IPO has been oversubscribed several times over by institutional investors, with demand climbing further following the management roadshow. Several large institutions have placed single orders exceeding $10 billion. Banks indicated that institutional allocations will be primarily concentrated among long-term investment management firms.

Tradingkey - On June 9, during the early US trading session, the three major indices all weakened. The Nasdaq Composite and the S&P 500 reversed earlier gains to trade lower, while the Dow Jones saw slight support. As of press time, the Nasdaq Composite was down 0.79% at 25,724.55; the S&P 500 Index fell 0.32% to 7,382.36; the Dow Jones edged up 0.08% to 50,828.49.

TradingKey - Just as the market consensus suggested that NVIDIA's valuation had peaked, billionaire investor and Wall Street hedge fund titan Dan Loeb offered a different perspective. He believes NVIDIA remains undervalued and that its future earnings potential far exceeds market expectations.

TradingKey - Recently, following a strong rally driven by AI, semiconductors, and mega-cap tech stocks, market divergence in U.S. equities has significantly intensified. Bank of America (BAC) recently warned that approximately 70% of the bear market warning signals it tracks have been triggered, a level comparable to the average preceding seven S&P 500 market tops since 1990. The BofA strategy team, led by Savita Subramanian, believes there are currently too many danger signals in U.S. stocks and advises investors to consider moderate profit-taking rather than continuing to indiscriminately chase highs.

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?