Chip, Storage Shares Jump. SOXL up over 3%; Marvell, Micron, Intel, Analog Devices, Credo up Around 2%; SanDisk, ASML, AMD up over 1%

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.

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.

TradingKey - SpaceX IPO targets June 12, 2026 on Nasdaq (SPCX). Raising up to $75B at $1.75T valuation — largest IPO in history. Starlink 9M+ users, $15–16B 2025 revenue. Dual-class shares. Musk keeps control.