Andy Chen

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.

TradingKey - Geopolitical tensions between the US and Iran have cooled abruptly. Donald Trump recently stated on social media that Iran's top leadership has approved a draft multilateral consensus agreement. Consequently, both major crude oil futures plummeted in the short term. As of press time, WTI crude futures fell over 4% to $86.20, while Brent crude futures also dropped more than 4% to $88.66.

TradingKey - Trump abruptly announced on Thursday the cancellation of planned strikes against Iran scheduled for that night, claiming that Iran's top leadership has approved a draft multilateral consensus agreement. The proposal includes extending the ceasefire, reopening the Strait of Hormuz, and initiating 60-day negotiations on the Iranian nuclear issue. He also stated that the U.S. naval blockade of Iran will continue until the agreement is formally signed.

Tradingkey - June 11: Global asset prices experienced intense volatility! The two major crude oil futures plummeted, while spot gold surged. The three major U.S. stock index futures strengthened in the short term, and U.S. Treasury yields dropped sharply. As of press time, WTI crude futures fell 3.72% to $86.68; Brent crude futures dropped 3.86% to $89.52. Spot gold rose approximately 2% to $4159. The three major U.S. stock index futures rose across the board, with Dow futures up 1.58%, Nasdaq 100 futures up 2.33%, and S&P 500 futures up 1.31%.

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).

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.

TradingKey - On June 10, the U.S. Bureau of Labor Statistics released the CPI data for May, delivering results in line with market expectations. Specifically, the U.S. CPI rose 0.5% month-on-month, compared to the previous 0.6%, and increased 4.2% year-on-year, up from 3.8% in April. Core CPI, which excludes food and energy, rose 0.2% month-on-month, lower than the 0.4% recorded in April, while the annual core CPI edged up to 2.9% from the previous 2.8%. Following the data release, the Nasdaq 100 reversed earlier losses to lead the broader U.S. equity market, with the heavily weighted technology sector serving as the core driver of the index's upward momentum.

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 - On June 9, media reports citing White House officials stated that nuclear negotiations are making positive progress. Following this news, the two major crude oil futures benchmarks plunged. As of press time, WTI crude futures were down 4.04% at $87.61, erasing gains from the past two weeks; Brent crude futures fell 3.53% to $90.92. According to Al Arabiya, citing a White House official, negotiations on an agreement to prevent Iran from obtaining nuclear weapons are achieving positive results.

Tradingkey - June 8: Driven by the easing of geopolitical tensions, tech stocks rebounded across the board. The three major U.S. stock indices ended mixed, with the Nasdaq Composite leading the gains. By the close, the Dow Jones Industrial Average fell 0.16% to 50,786.01; the S&P 500 rose 0.30% to 7,405.73; and the Nasdaq Composite climbed 0.86% to 25,929.66. This rally in U.S. equities is primarily driven by continuous upward revisions in earnings expectations, supported by solid fundamentals rather than being a purely speculative market movement.

Tradingkey - Apple (AAPL) has seen sharp price volatility over the past 30 minutes. Shares rose more than 3% intraday but turned lower during the WWDC event. As of press time, the stock is down 0.71% at $305.15. At the WWDC 2026 conference, Apple introduced its next-generation AI platform and launched a new version of Siri, renamed "Siri AI," signaling its formal effort to catch up with Silicon Valley peers leading in the AI field.

Tradingkey - June 8. Tensions in the Iran conflict cooled abruptly, causing both major crude oil benchmarks to decline. WTI crude futures briefly retreated to approximately the $90 level; as of press time, they were up 0.86% at $91.32. Brent crude futures rose 1.65% to $94.63. On the news front, the Iranian Foreign Ministry confirmed that the Iranian military has halted strikes against Israel, but warned that if the Israel Defense Forces (IDF) continue military operations in Lebanon, Iran will resume hostilities.

Tradingkey — Last Friday, memory stocks plummeted following rumors that Nvidia plans to reduce memory configurations for its Vera Rubin racks. For details, see "Market Rumors: Nvidia Rubin Platform Plans to Reduce Memory Capacity…". The market interpreted the news of Nvidia (NVDA) cutting memory capacity for Vera Rubin racks as a sign of weakening memory demand. This triggered a 13.25% plunge in Micron and an 11.39% drop in SanDisk on the day, marking their largest single-day declines since the US-China trade war. However, Morgan Stanley’s latest research report refuted this bearish view, serving as the primary catalyst for today’s rally in memory stocks. As of press time, Micron Technology (MU) rose 9.11%, SanDisk (SNDK) gained 6.11%, and Seagate Technology (STX) advanced 4.%.