Chip Stocks Rally. SOXL Up 13%; Credo And Intel Up 10%; Himax And ARM Up 8%; Applied Materials, KLA-Tencor And UMC Up 7%; Lam Research And STM Up 6%

TradingKey - SpaceX's (SPCX) Gwynne Shotwell publicly stated in a recent interview that she has not ruled out the possibility of a future merger with Tesla (TSLA), while emphasizing that the strategic directions of both companies are highly aligned. Coincidentally, according to people familiar with the matter, Tesla CEO Elon Musk also recently discussed the feasibility of a merger between the two companies. These successive statements from executives on both sides have significantly heightened market investors' attention to this potential mega-merger.

TradingKey - Global Equities Research has published a positive report on Intel (INTC) with a peak price target of $200 and the firm believes this could be a $5 trillion company in the end. The question after a stellar rise of about 240% year-to-date is whether that long-term valuation makes sense –

TradingKey - As the June 24 release window for Micron Technology's (MU) fiscal Q3 2026 earnings report approaches, Wall Street's performance expectations for the memory giant are being continuously pushed to new heights.

TradingKey - NVIDIA stock is consolidating near $205 after record Q1 FY2027 results. With 92% Data Center growth and Jensen Huang targeting $1 trillion from Blackwell and Rubin, can NVDA rebound toward $238?

TradingKey - On June 17, Eastern Time, the Federal Reserve's latest interest rate decision statement indicated that it chose to hold rates steady at this policy meeting, maintaining the federal funds rate in the 3.50%–3.75% range, while keeping the monetary policy framework of ample reserves in the banking system unchanged. The interest rate dot plot released alongside this Fed rate decision sent a clear hawkish signal. The median rate in the dot plot was recorded at 3.8%, a significant upward revision from the March projection of 3.4%.