Analysis

TradingKey - On June 3 (Eastern Time), AI company Anthropic reportedly selected Morgan Stanley and Goldman Sachs as lead underwriters for its initial public offering (IPO), with JPMorgan Chase also set to participate in the deal. According to people familiar with the matter, more investment banks may join the underwriting team in the future.

TradingKey - During the Asian trading session on June 4, SoftBank Group’s share price plunged over 11%, marking its largest single-day decline in months. The tech investment giant is facing renewed market scrutiny over its highly leveraged AI betting strategy, while an overnight broad sell-off in U.S. tech stocks accelerated the adjustment.

TradingKey - As Wall Street revels in the AI chip stock frenzy, Bill Ackman has issued a warning. The founder of Pershing Square Capital stated bluntly that the current market is repeating the mistakes of the 2000 dot-com bubble, as investors frantically chase "shiny new things" such as chips, semiconductors, and energy, while neglecting high-quality tech stocks that possess genuine long-term value.

TradingKey - SanDisk SNDK at $1,784 inside ascending channel. RSI 58.80 neutral-bullish, no divergence. Q4 guided $7.75–8.25B, $42B backlog. Channel support $1,690. Target $1,859–1,921.

TradingKey - During the Asian session on June 4, Japanese and South Korean equity markets failed to sustain their previous momentum, as both major indices trended lower across the board. The Nikkei 225 Index fell 1.36% to close at 67,470.47 points. South Korea’s KOSPI Index opened with a gap down, with intraday losses exceeding 2% at one point, before eventually closing down 1.84% at 8,639.41 points.

The primary drivers of this sharp decline include the U.S.-Iran conflict fueling inflation and suppressing rate-cut expectations, MicroStrategy’s first-ever coin sale, and collective sell-offs by spot ETFs and whales. However, mining rigs are currently approaching shutdown levels, while the RSI and sentiment index have entered extreme oversold and panic territory, suggesting the market has hit production costs. The 60,000 level is expected to provide strong support.

Software hasn't been killed by AI; instead, it is being fed to grow even stronger. This article deconstructs why Microsoft's FY2026 Q3 earnings were misinterpreted, the truth behind the panic over approximately $190 billion in capital expenditure, and how the Maia 200 in-house chip, seven proprietary MAI models, and the Foundry platform moat showcased at Build 2026 address market skepticism. It also analyzes why hedge fund titan Bill Ackman exited Google at its lows to take a heavy position in Microsoft, including a four-layer fundamental framework and key risks.

TradingKey - On June 3, ET, assets under management (AUM) for the Vanguard S&P 500 ETF (VOO), an exchange-traded fund tracking the S&P 500 Index under the Vanguard Group, surpassed $1 trillion. It has become the world’s first ETF to reach the trillion-dollar milestone, setting a new record for the passive investment industry.

TradingKey - Broadcom (AVGO.US) shares plummeted in after-hours trading on June 3 ET, at one point diving over 15% before closing down 13.78%. Financial data showed second-fiscal-quarter revenue of $22.2 billion, up 48% year-on-year, marking the highest single-quarter growth in nine years. Adjusted earnings per share reached $2.44, up 54% year-on-year. The operating margin climbed to a record 67%, and adjusted EBITDA reached $15.2 billion (representing a 69% margin), both of which exceeded guidance.

TradingKey - During the Asian trading session on June 4, Bitcoin continued its multi-day plunge, briefly falling below the $62,000 mark to as low as $61,338. As of press time, Bitcoin was trading at $63,844 as intraday losses narrowed. The 24-hour decline stands at approximately 3.6%.

TradingKey - SK Group Chairman Chey Tae-won met with TSMC (TSM) Chairman C.C. Wei on Wednesday during COMPUTEX Taipei. The two parties reached a consensus on next-generation AI technology trends and agreed to expand cooperation in High Bandwidth Memory (HBM) and advanced packaging. According to information disclosed on SK hynix's official website, the two sides will integrate SK hynix's HBM technology with TSMC's advanced packaging processes.

TradingKey - The latest conflict between the United States and Iran pushed up oil prices, ending a winning streak in the stock market. The Dow Jones Industrial Average fell 1.21%; the Nasdaq Composite Index fell 0.89%; and the S&P 500 Index fell 0.73%. The three major indexes had previously hit reco

TradingKey - On June 3, Eastern Time, cybersecurity firm CrowdStrike (CRWD) released its first-quarter fiscal year 2027 earnings report after the market close. As of publication, the company's share price fell 11.09% to $664.71. During the period, CrowdStrike reported revenue of $1.39 billion, a 26% year-over-year increase, exceeding market expectations of $1.36 billion. Subscription revenue rose 26% year-over-year to $1.32 billion, representing the company's primary revenue source.

TradingKey - On June 3 (ET), Broadcom (AVGO) shares fell more than 8% in after-hours trading following the release of its fiscal 2026 second-quarter earnings report. As of publication, the stock remained down 5.33% at $453.70. During the period, Broadcom’s revenue rose 48% year-over-year to a record high of $22.187 billion, though it missed the market expectation of $22.27 billion.

TradingKey - On June 3, ET, all three major U.S. stock indices were under pressure due to a rebound in Treasury yields, with technology stocks retreating across the board. At the close, the Dow Jones Industrial Average fell 1.21% to 50,687.87 points; the S&P 500 Index dropped 0.73% to 7,553.86 points; and the Nasdaq Composite Index declined 0.89% to 26,853.98 points.

TradingKey - June 2: As market concerns that the Iran war will continue to drive up inflation coincided with an ADP report exceeding expectations, oil prices and U.S. Treasury yields rose in tandem while equity markets fell. The U.S. labor market has shown resilience beyond expectations; however, beneath this surface, persistent high inflation is continuously eroding real household income, driving the household savings rate to its lowest level in nearly four years. This seemingly contradictory economic landscape has left market traders attempting to bet on the Federal Reserve’s future interest rate trajectory in a dilemma.

TradingKey - On June 3, AI chip stocks led market gains. As of press time, Intel (INTC) rose 5.70%, Qualcomm (QCOM) 4.09%, AMD (AMD) 2.53%, and Broadcom (AVGO) 0.94%. The primary driver for AI chip stocks outperforming the broader market is the structural reconfiguration of the computing power industry chain in the AI Agent era. CPUs have evolved from traditional auxiliary roles to become the control hubs of agent systems, emerging as a new core bottleneck for large-scale AI deployment. This shift has fueled explosive growth in global CPU demand. Notably, the number of CPUs per AI server is increasing significantly; while the traditional GPU-to-CPU ratio was 8:1, Intel indicated that the ratio is expected to move toward 1:1 in the future.

TradingKey - Marvell (MRVL) shares extended their strong rally on Wednesday, surging as much as 13% in pre-market trading.

TradingKey - On June 3 (ET), U.S. ADP employment data for May showed that private sector payrolls increased by 122,000, exceeding market expectations of approximately 118,000. The April figure was revised downward from 109,000 to 105,000. The data indicates that U.S. private sector hiring remains resilient ahead of Friday's non-farm payrolls report.

TradingKey - GameStop holds $1.1 bn in cash with virtually no debt. Can Ryan Cohen unlock shareholder value and drive GME toward $24?