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09-11 15:38

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Would You Buy Stock in a Company Whose Own Scientists Think the Product Might Kill You?

09-11 15:25

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JPMorgan Turns Bullish on Meta, Sets $820 Price Target on Frontier AI Models and Agent Potential

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06-06

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U.S. Weekly Review｜Nasdaq Marked Its Worst Week Since April As AI And Semiconductor Stocks Face Pressure From Broadcom And Ciena Results, SpaceX IPO Looms

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Stocks Just Flashed a Rare Market Signal. Here's What It Could Mean. -- Barrons.com

06-04

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06-01

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05-27

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05-26

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7 Small-Cap Stocks More Than Doubled In May: Micron Did Only 46%

05-26

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7 Small-Cap Stocks More Than Doubled In May: Micron Did Only 46%

05-25

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@Tiger_SG:SpaceX IPO | Five Options to Invest, Which Fits You?

Go to Tiger App to see more news

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article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/606590351914064","repostId":"2666518950","repostType":2,"repost":{"id":"2666518950","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1789067220,"share":"https://ttm.financial/m/news/2666518950?lang=en_US&edition=fundamental","pubTime":"2026-09-11 03:07","market":"fut","language":"en","title":"Would You Buy Stock in a Company Whose Own Scientists Think the Product Might Kill You?","url":"https://stock-news.laohu8.com/highlight/detail?id=2666518950","media":"Dow Jones","summary":"AI researchers are warning that the technology could create an extinction event, posing a dilemma for investorsA former Anthropic employee said he was quitting this week and that AI companies are \"gambling with our lives.\"Should you own shares of a company whose employees warn their product could lead to the end of humanity?","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     AI researchers are warning that the technology could create an extinction event, posing a dilemma for investors \n</p>\n<p>\n     A former Anthropic employee said he was quitting this week and that AI companies are \"gambling with our lives.\" \n</p>\n<p>\n     Should you own shares of a company whose employees warn their product could lead to the end of humanity? \n</p>\n<p>\n     Think about that before investing in companies developing frontier artificial-intelligence models: the likes of Google (GOOG) (GOOGL), <a href=\"https://laohu8.com/S/SPCX\">SpaceX</a> (SPCX) and Meta Platforms (META) - as well as OpenAI and Anthropic, which have IPOs on deck. \n</p>\n<p>\n     On Sept. 3, OpenAI shipped GPT-6 Astra and called it the world's most intelligent and aligned model. It can run your computer for hours, tops the benchmark charts and, according to OpenAI, is the first model it has broadly deployed that can find previously unknown security flaws without a human-guided system to fix them. \n</p>\n<p>\n     With an IPO looming, that's a roadshow slide and an industry warning in the same press release. \n</p>\n<p>\n     You don't have to take my word for it. On Tuesday, Jacob Coxon, a 27-year-old researcher who spent three years doing pretraining work at OpenAI and then Anthropic, quit his job. \n</p>\n<p>\n     \"Neither company is acting responsibly,\" he said in a post that garnered more than 100 million views and made national headlines. \"They are racing straight to self-improving superintelligence and gambling with our lives.\" He told the Wall Street Journal that he isn't going to a competitor - he's leaving the industry. \n</p>\n<p>\n     Coxon isn't the first to say this, and wasn't the last. The next morning, Samuel Marks, a safety researcher still at Anthropic, praised Coxon and added: \"AI developers believe their technology could cause human extinction (or similarly bad outcomes). This could happen in the next few years. In general, the more senior the employee, the more concerned they are.\" \n</p>\n<p>\n     Why? \"Commercial incentives,\" Marks wrote. \n</p>\n<p>\n     Anthropic and OpenAI didn't respond to MarketWatch's requests for comment. \n</p>\n<p>\n     Marks's argument is that, unlike normal software, AI can't be programmed to behave. In fact, it \"frequently severely\" doesn't. One example (mine, not his): the Hugging Face incident, in which rogue Open AI-tested agents escaped their isolated containment in an attempt to launch a cyberattack. Or when autonomous agents made more that 15,000 edits to a German programming wiki between May and July. In both cases, the AI agents conspired to avoid detection and tried workarounds when they ran into security barriers or, in the German wiki case, when a human tried deleting the AI-written pages. \n</p>\n<p>\n     These are just a few of the ones we know about. And it's true that nobody died. No one even lost money (save for whatever it cost to unwind the damage). But that's also the problem: All of these AI-agent gizmos require babysitting by a human. And technology doesn't rust or sleep. The human is outgunned. \n</p>\n<p>\n     The returns from investing in AI \n</p>\n<p>\n     None of this is an argument that AI stocks are a bad investment. Nvidia (NVDA), Microsoft (MSFT) and Google have the returns that offer the last word. Waymo is doing 500,000 paid rides a week - great for the business, bad for the human driver. \n</p>\n<p>\n     Opinion: Nvidia is getting too big, and that's a problem \n</p>\n<p>\n     Waymo is just a hint of what could be coming, though. Make no mistake, most companies are still trying to get AI to work. For the past year, I've tracked AI adoption across 134 companies in 15 industries. And the clearest takeaway is that most of them don't have much to show for it. Agents fail, or can't be trusted, or cost more than the people they were supposed to replace. Sure, there are outliers - Visa (V), Salesforce (CRM), ServiceNow (NOW) - but most of corporate America is AI-challenged. \n</p>\n<p>\n     It's true that AI has taken jobs, but most layoffs have been a redeployment of capital from labor to computing power - spending on AI in the hope of replacing labor. Oracle (ORCL) cut roughly 21,000 jobs, or 13% of its workforce, and cited \"the expanded use of AI across\" its business. Maybe Oracle is truly replacing workers, but in most cases, workers aren't being replaced by machines - they're being replaced to pay for the machines. \n</p>\n<p>\n     That leaves two outcomes. The first is that AI doesn't work; that would be embarrassing and a pretty bad result for the economy. The second is worse: It works, real replacement will happen and that could mean AI going rogue and ending humanity - and the people building it are right. \n</p>\n<p>\n     A longtime, hall-of-fame tech business leader made the case. Even in the best case, the AI transition will be one of the most turbulent periods in human history, and nobody is preparing for it. First, it's entry-level jobs in law, customer service, software and manufacturing. Then, it's robots in construction and hospitality. \n</p>\n<p>\n     That's from Bill Gates. Think what you want of him, but the observation seems reasonable. \n</p>\n<p>\n     A study from workplace AI company Glean tells us what job will survive: \"the botsitter.\" Glean's AI Work Index found workers spending more than six hours a week botsitting: feeding the AI context, checking the work, cleaning up its confident mistakes. It's already happening. \n</p>\n<p>\n     Investors' dilemma \n</p>\n<p>\n     Soul-killing jobs overseeing AI agents might be the best-case scenario of all this: AI just becomes another disruptive technology, like railroads or the internet, and we humans figure out a way. \n</p>\n<p>\n     A technology that brings an extinction event? That's more than just locomotives ruining the stagecoach industry. \n</p>\n<p>\n     And the plan? Marks was candid about that too, saying there's no method to reliably make these systems behave. \"Insofar as there is a plan,\" he wrote, \"it's to make sure that AIs are good enough at alignment training that they can align their successors.\"  I think what he's saying is the fix for the product that might kill you is a later version of the product - like adding a safety measure to a gun after it's blown your brains out. \n</p>\n<p>\n     If you're like me, you've always been skeptical of these AI doomers. But why are so many high-level people walking away from the industry, and its off-the-charts compensation, to warn us that competitive pressure is leading to technology immune to human intervention that can kill us? \n</p>\n<p>\n     Robotaxis? Waymo? I'd rather invest in a taxi with a human cabbie. \n</p>\n<p>\n     Opinion: Apple possessed the ultimate stock-market superpower under Tim Cook. Can its new CEO step up? \n</p>\n<p>\n     -David Weidner \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Would You Buy Stock in a Company Whose Own Scientists Think the Product Might Kill You?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWould You Buy Stock in a Company Whose Own Scientists Think the Product Might Kill You?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-09-11 03:07</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     AI researchers are warning that the technology could create an extinction event, posing a dilemma for investors \n</p>\n<p>\n     A former Anthropic employee said he was quitting this week and that AI companies are \"gambling with our lives.\" \n</p>\n<p>\n     Should you own shares of a company whose employees warn their product could lead to the end of humanity? \n</p>\n<p>\n     Think about that before investing in companies developing frontier artificial-intelligence models: the likes of Google (GOOG) (GOOGL), <a href=\"https://laohu8.com/S/SPCX\">SpaceX</a> (SPCX) and Meta Platforms (META) - as well as OpenAI and Anthropic, which have IPOs on deck. \n</p>\n<p>\n     On Sept. 3, OpenAI shipped GPT-6 Astra and called it the world's most intelligent and aligned model. It can run your computer for hours, tops the benchmark charts and, according to OpenAI, is the first model it has broadly deployed that can find previously unknown security flaws without a human-guided system to fix them. \n</p>\n<p>\n     With an IPO looming, that's a roadshow slide and an industry warning in the same press release. \n</p>\n<p>\n     You don't have to take my word for it. On Tuesday, Jacob Coxon, a 27-year-old researcher who spent three years doing pretraining work at OpenAI and then Anthropic, quit his job. \n</p>\n<p>\n     \"Neither company is acting responsibly,\" he said in a post that garnered more than 100 million views and made national headlines. \"They are racing straight to self-improving superintelligence and gambling with our lives.\" He told the Wall Street Journal that he isn't going to a competitor - he's leaving the industry. \n</p>\n<p>\n     Coxon isn't the first to say this, and wasn't the last. The next morning, Samuel Marks, a safety researcher still at Anthropic, praised Coxon and added: \"AI developers believe their technology could cause human extinction (or similarly bad outcomes). This could happen in the next few years. In general, the more senior the employee, the more concerned they are.\" \n</p>\n<p>\n     Why? \"Commercial incentives,\" Marks wrote. \n</p>\n<p>\n     Anthropic and OpenAI didn't respond to MarketWatch's requests for comment. \n</p>\n<p>\n     Marks's argument is that, unlike normal software, AI can't be programmed to behave. In fact, it \"frequently severely\" doesn't. One example (mine, not his): the Hugging Face incident, in which rogue Open AI-tested agents escaped their isolated containment in an attempt to launch a cyberattack. Or when autonomous agents made more that 15,000 edits to a German programming wiki between May and July. In both cases, the AI agents conspired to avoid detection and tried workarounds when they ran into security barriers or, in the German wiki case, when a human tried deleting the AI-written pages. \n</p>\n<p>\n     These are just a few of the ones we know about. And it's true that nobody died. No one even lost money (save for whatever it cost to unwind the damage). But that's also the problem: All of these AI-agent gizmos require babysitting by a human. And technology doesn't rust or sleep. The human is outgunned. \n</p>\n<p>\n     The returns from investing in AI \n</p>\n<p>\n     None of this is an argument that AI stocks are a bad investment. Nvidia (NVDA), Microsoft (MSFT) and Google have the returns that offer the last word. Waymo is doing 500,000 paid rides a week - great for the business, bad for the human driver. \n</p>\n<p>\n     Opinion: Nvidia is getting too big, and that's a problem \n</p>\n<p>\n     Waymo is just a hint of what could be coming, though. Make no mistake, most companies are still trying to get AI to work. For the past year, I've tracked AI adoption across 134 companies in 15 industries. And the clearest takeaway is that most of them don't have much to show for it. Agents fail, or can't be trusted, or cost more than the people they were supposed to replace. Sure, there are outliers - Visa (V), Salesforce (CRM), ServiceNow (NOW) - but most of corporate America is AI-challenged. \n</p>\n<p>\n     It's true that AI has taken jobs, but most layoffs have been a redeployment of capital from labor to computing power - spending on AI in the hope of replacing labor. Oracle (ORCL) cut roughly 21,000 jobs, or 13% of its workforce, and cited \"the expanded use of AI across\" its business. Maybe Oracle is truly replacing workers, but in most cases, workers aren't being replaced by machines - they're being replaced to pay for the machines. \n</p>\n<p>\n     That leaves two outcomes. The first is that AI doesn't work; that would be embarrassing and a pretty bad result for the economy. The second is worse: It works, real replacement will happen and that could mean AI going rogue and ending humanity - and the people building it are right. \n</p>\n<p>\n     A longtime, hall-of-fame tech business leader made the case. Even in the best case, the AI transition will be one of the most turbulent periods in human history, and nobody is preparing for it. First, it's entry-level jobs in law, customer service, software and manufacturing. Then, it's robots in construction and hospitality. \n</p>\n<p>\n     That's from Bill Gates. Think what you want of him, but the observation seems reasonable. \n</p>\n<p>\n     A study from workplace AI company Glean tells us what job will survive: \"the botsitter.\" Glean's AI Work Index found workers spending more than six hours a week botsitting: feeding the AI context, checking the work, cleaning up its confident mistakes. It's already happening. \n</p>\n<p>\n     Investors' dilemma \n</p>\n<p>\n     Soul-killing jobs overseeing AI agents might be the best-case scenario of all this: AI just becomes another disruptive technology, like railroads or the internet, and we humans figure out a way. \n</p>\n<p>\n     A technology that brings an extinction event? That's more than just locomotives ruining the stagecoach industry. \n</p>\n<p>\n     And the plan? Marks was candid about that too, saying there's no method to reliably make these systems behave. \"Insofar as there is a plan,\" he wrote, \"it's to make sure that AIs are good enough at alignment training that they can align their successors.\"  I think what he's saying is the fix for the product that might kill you is a later version of the product - like adding a safety measure to a gun after it's blown your brains out. \n</p>\n<p>\n     If you're like me, you've always been skeptical of these AI doomers. But why are so many high-level people walking away from the industry, and its off-the-charts compensation, to warn us that competitive pressure is leading to technology immune to human intervention that can kill us? \n</p>\n<p>\n     Robotaxis? Waymo? I'd rather invest in a taxi with a human cabbie. \n</p>\n<p>\n     Opinion: Apple possessed the ultimate stock-market superpower under Tim Cook. Can its new CEO step up? \n</p>\n<p>\n     -David Weidner \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999014559.SGD":"United Income Focus Trust Dis SGD","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU2097829019.USD":"AZ EQUITY - BORLETTI GLOBAL LIFESTYLE \"AI\" (USD) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","ILDR":"First Trust Innovation Leaders ETF","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","SG9999014567.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USD) ACC","BK4543":"AI","FBL":"2倍做多META ETF-GraniteShares","LU0210533765.USD":"JPM GLOBAL GROWTH \"A\" (USD) ACC","LU2148611432.USD":"AZ ALLOCATION BALANCED BRAVE \"AAZ\" (USDHDG) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU1301847155.USD":"BGF GLOBAL MULTI-ASSET INCOME FUND \"A4G\" (USD) INC","LU2357125470.USD":"BNP PARIBAS ENERGY TRANSITION \"CLASSIC RH\" (USDHDG) ACC","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU2294711713.HKD":"BNP PARIBAS ENERGY TRANSITION \"C\" (HKD) ACC","VT":"世界全股市ETF-Vanguard","LU0726765562.USD":"JPM GLOBAL INCOME \"A\" (USD HEDGED) INC","LU2381873111.SGD":"BGF SYSTEMATIC GLOBAL EQUITY HIGH INCOME \"A6\" (SGDHDG) INC","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU2347655073.USD":"JPM GLOBAL INCOME \"A\" (USDHDG) INC A","CQTM":"Corgi Quantum Computing ETF","LU2097344431.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) INC","LU2404859741.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) INC","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","FBX":"Corgi META 2x Daily ETF","LU2404859667.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) ACC","LU0070217475.USD":"JPM GLOBAL SELECT EQUITY \"A\" ACC","BK4549":"软银资本持仓","LU2097344357.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) ACC","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0690374961.EUR":"FUNDSMITH EQUITY \"R\" (EUR) INC","FBY":"META期权收益策略ETF-YieldMax","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","BK4548":"巴美列捷福持仓","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","LU0690374615.EUR":"FUNDSMITH EQUITY \"R\" (EUR) ACC","FBYY":"GraniteShares YieldBOOST META ETF","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","SG9999001077.SGD":"United International Growth Fund SGD","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","WISE":"THEMES GENERATIVE ARTIFICIAL INTELLIGENCE ETF","NVD2.UK":"2X NVIDIA ETP","BK4554":"元宇宙及AR概念","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","NVD3.UK":"LS 3X NVIDIA","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","NVIW.SI":"NVDA 3xLongSG261006","NVDS.UK":"LS -1X NVIDIA","BK4585":"ETF&股票定投概念","LU1821325948.USD":"NINETY ONE GSF GLOBAL MACRO ALLOCATION \"A\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","TTEQ":"T. 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as well as OpenAI and Anthropic, which have IPOs on deck. \n\n\n     On Sept. 3, OpenAI shipped GPT-6 Astra and called it the world's most intelligent and aligned model. It can run your computer for hours, tops the benchmark charts and, according to OpenAI, is the first model it has broadly deployed that can find previously unknown security flaws without a human-guided system to fix them. \n\n\n     With an IPO looming, that's a roadshow slide and an industry warning in the same press release. \n\n\n     You don't have to take my word for it. On Tuesday, Jacob Coxon, a 27-year-old researcher who spent three years doing pretraining work at OpenAI and then Anthropic, quit his job. \n\n\n     \"Neither company is acting responsibly,\" he said in a post that garnered more than 100 million views and made national headlines. \"They are racing straight to self-improving superintelligence and gambling with our lives.\" He told the Wall Street Journal that he isn't going to a competitor - he's leaving the industry. \n\n\n     Coxon isn't the first to say this, and wasn't the last. The next morning, Samuel Marks, a safety researcher still at Anthropic, praised Coxon and added: \"AI developers believe their technology could cause human extinction (or similarly bad outcomes). This could happen in the next few years. In general, the more senior the employee, the more concerned they are.\" \n\n\n     Why? \"Commercial incentives,\" Marks wrote. \n\n\n     Anthropic and OpenAI didn't respond to MarketWatch's requests for comment. \n\n\n     Marks's argument is that, unlike normal software, AI can't be programmed to behave. In fact, it \"frequently severely\" doesn't. One example (mine, not his): the Hugging Face incident, in which rogue Open AI-tested agents escaped their isolated containment in an attempt to launch a cyberattack. Or when autonomous agents made more that 15,000 edits to a German programming wiki between May and July. In both cases, the AI agents conspired to avoid detection and tried workarounds when they ran into security barriers or, in the German wiki case, when a human tried deleting the AI-written pages. \n\n\n     These are just a few of the ones we know about. And it's true that nobody died. No one even lost money (save for whatever it cost to unwind the damage). But that's also the problem: All of these AI-agent gizmos require babysitting by a human. And technology doesn't rust or sleep. The human is outgunned. \n\n\n     The returns from investing in AI \n\n\n     None of this is an argument that AI stocks are a bad investment. Nvidia (NVDA), Microsoft (MSFT) and Google have the returns that offer the last word. Waymo is doing 500,000 paid rides a week - great for the business, bad for the human driver. \n\n\n     Opinion: Nvidia is getting too big, and that's a problem \n\n\n     Waymo is just a hint of what could be coming, though. Make no mistake, most companies are still trying to get AI to work. For the past year, I've tracked AI adoption across 134 companies in 15 industries. And the clearest takeaway is that most of them don't have much to show for it. Agents fail, or can't be trusted, or cost more than the people they were supposed to replace. Sure, there are outliers - Visa (V), Salesforce (CRM), ServiceNow (NOW) - but most of corporate America is AI-challenged. \n\n\n     It's true that AI has taken jobs, but most layoffs have been a redeployment of capital from labor to computing power - spending on AI in the hope of replacing labor. Oracle (ORCL) cut roughly 21,000 jobs, or 13% of its workforce, and cited \"the expanded use of AI across\" its business. Maybe Oracle is truly replacing workers, but in most cases, workers aren't being replaced by machines - they're being replaced to pay for the machines. \n\n\n     That leaves two outcomes. The first is that AI doesn't work; that would be embarrassing and a pretty bad result for the economy. The second is worse: It works, real replacement will happen and that could mean AI going rogue and ending humanity - and the people building it are right. \n\n\n     A longtime, hall-of-fame tech business leader made the case. Even in the best case, the AI transition will be one of the most turbulent periods in human history, and nobody is preparing for it. First, it's entry-level jobs in law, customer service, software and manufacturing. Then, it's robots in construction and hospitality. \n\n\n     That's from Bill Gates. Think what you want of him, but the observation seems reasonable. \n\n\n     A study from workplace AI company Glean tells us what job will survive: \"the botsitter.\" Glean's AI Work Index found workers spending more than six hours a week botsitting: feeding the AI context, checking the work, cleaning up its confident mistakes. It's already happening. \n\n\n     Investors' dilemma \n\n\n     Soul-killing jobs overseeing AI agents might be the best-case scenario of all this: AI just becomes another disruptive technology, like railroads or the internet, and we humans figure out a way. \n\n\n     A technology that brings an extinction event? That's more than just locomotives ruining the stagecoach industry. \n\n\n     And the plan? Marks was candid about that too, saying there's no method to reliably make these systems behave. \"Insofar as there is a plan,\" he wrote, \"it's to make sure that AIs are good enough at alignment training that they can align their successors.\"  I think what he's saying is the fix for the product that might kill you is a later version of the product - like adding a safety measure to a gun after it's blown your brains out. \n\n\n     If you're like me, you've always been skeptical of these AI doomers. But why are so many high-level people walking away from the industry, and its off-the-charts compensation, to warn us that competitive pressure is leading to technology immune to human intervention that can kill us? \n\n\n     Robotaxis? Waymo? I'd rather invest in a taxi with a human cabbie. \n\n\n     Opinion: Apple possessed the ultimate stock-market superpower under Tim Cook. Can its new CEO step up? \n\n\n     -David Weidner","news_type":1,"symbols_score_info":{"XLK":0.6,"TRUC":0.6,"SNPE":0.6,"2NVD.UK":0.6,"NVDS":0.6,"LFGY":0.6,"ESUM":0.6,"CNEQ":0.6,"SOXX":0.6,"NVDW":0.6,"META":1.87,"USD":0.6,"EFIV":0.6,"FTEC":0.6,"ANV":0.6,"GOOL":0.6,"FBX":0.6,"FAI":0.6,"GOU":0.6,"NVD2.UK":0.6,"SMH":0.6,"NVDL":0.6,"METU":0.6,"NVYY":0.6,"SOXQ":0.6,"XDAT":0.6,"07388":0.6,"THMR":0.6,"METD":0.6,"NVD":0.6,"IXN":0.6,"NVDG":0.6,"NVDD":0.6,"ILDR":0.6,"FBYY":0.6,"SMETAmain":0.6,"FBL":0.6,"ROM":0.6,"CMAG":0.6,"SKYY":0.6,"FBY":0.6,"LTL":0.6,"VT":0.6,"NVC":0.6,"3NVD.UK":0.6,"IETC":0.6,"07788":0.6,"AIFD":0.6,"FDTX":0.6,"NVDY":0.6,"NVII":0.6,"SOXY":0.6,"GAMR":0.6,"XLC":0.6,"CLSE":0.6,"09388":0.6,"NVDA":1.85,"CHPX":0.6,"TEK":0.6,"ABFL":0.6,"VGT":0.76,"TTXU":0.6,"NVDB":0.6,"SNVDAmain":0.6,"METV":0.6,"VOX":0.6,"GOGL":0.6,"GOOGL":1.9,"NVIW.SI":0.6,"09788":0.6,"USXF":0.6,"TRFK":0.6,"METW":0.6,"SMHX":0.6,"NULC":0.6,"NVDX":0.6,"GOOP":0.6,"GOOY":0.6,"SOCL":0.6,"AGOX":0.6,"NVDO":0.6,"NVDQ":0.6,"JGRO":0.6,"SNVD.UK":0.6,"GOOX":0.6,"TYLG":0.6,"NVD3.UK":0.6,"NVDS.UK":0.6,"WISE":0.6,"GGLS":0.6,"SPTE":0.6,"OGIG":0.6,"NVDU":0.6,"GGLL":0.6,"GOOW":0.6,"ESLG":0.6,"RSPC":0.6,"METQ":0.6,"AIPI":0.6,"METG":0.6,"DIPS":0.6,"FCOM":0.6,"CQTM":0.6,"TTEQ":0.6,"SHOC":0.6,"GXPC":0.6}},"isVote":1,"tweetType":1,"viewCount":14,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":606587213075792,"gmtCreate":1789111559251,"gmtModify":1789111562011,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4170531311945842","idStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/606587213075792","repostId":"1107235578","repostType":2,"repost":{"id":"1107235578","kind":"news","weMediaInfo":{"introduction":"Global Stock News First-Time Broadcast","home_visible":1,"media_name":"Stock News","id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"pubTimestamp":1789110742,"share":"https://ttm.financial/m/news/1107235578?lang=en_US&edition=fundamental","pubTime":"2026-09-11 15:12","market":"us","language":"en","title":"JPMorgan Turns Bullish on Meta, Sets $820 Price Target on Frontier AI Models and Agent Potential","url":"https://stock-news.laohu8.com/highlight/detail?id=1107235578","media":"Stock News","summary":"Meta Platforms shares have dipped roughly 1% year-to-date, trailing the S&P 500's 12% gain over the same span. Despite that underperformance, the stock has already rebounded about 20% from its recent...","content":"<html><head></head><body><p>Meta Platforms shares have dipped roughly 1% year-to-date, trailing the S&amp;P 500&#39;s 12% gain over the same span. Despite that underperformance, the stock has already rebounded about 20% from its recent trough, while the broader index has slipped 1% during that stretch.<br/><br/>JPMorgan has issued a research note arguing that <b>Meta Platforms (META.US)</b> still has substantial upside ahead, as the company sits in the early innings of launching frontier models and AI-driven products beyond its core advertising business. The bank is particularly focused on the Muse AI agent and access to the Meta Model API as key catalysts.<br/><br/>Where the opportunity lies<br/><br/>The bank has lifted its rating on Meta from Neutral to Overweight, while raising its December 2027 price target from $640 to $820, implying roughly 30% additional upside through the end of next year. JPMorgan believes frontier models will serve as the backbone of Meta&#39;s product and monetization pipeline over the coming years, charting a course toward superintelligence.<br/><br/>When Meta began rebuilding its Superintelligence Labs unit in the summer of 2025, the stated goal was to deliver frontier-level models within a year. JPMorgan assesses that the team has largely hit that target, and the cadence of model releases is accelerating — from Muse Spark 1.1 in July to the more recent Muse Spark 1.3, which now holds its own against Claude and GPT-class models. The bank anticipates the next-generation model, codenamed Watermelon, will unlock fresh opportunities across consumer products, business intelligence, Family of Apps engagement, advertising, and internal operational efficiency.<br/><br/>Why distribution scale matters<br/><br/>JPMorgan has long argued that Meta is exceptionally well positioned to deliver consumer-driven AI products to an audience of roughly 4 billion users, with massive distribution capabilities serving as a formidable competitive edge. The Muse AI agent is already demonstrating strong early traction, briefly climbing to No. 3 on the U.S. App Store just one day after launch, with early usage reaching ten times the size of the training cohort. While monetization is not an immediate priority for Muse, JPMorgan sees meaningful opportunities in both take-rate and subscription models, with the potential total addressable market reaching tens of trillions of dollars.<br/><br/>A key differentiator for Muse is its privacy-first architecture, which JPMorgan views as a genuine advantage. The bank suggests this could become a critical hurdle for competing agents seeking to earn user trust when handling sensitive tasks involving passwords, credit cards, and other personal data. Over time, the bank expects agent-to-agent interactions to become more commonplace, granting merchants and enterprises smarter capabilities and higher transaction volumes.<br/><br/>Beyond the consumer-facing agent, JPMorgan also sees considerable potential in the Meta Model API service aimed at developers and businesses. As Meta&#39;s model capabilities advance from Muse Spark 1.3 to Watermelon and beyond, the bank believes the API offering will grow increasingly compelling, supported by aggressive pricing, driving further adoption and usage expansion.<br/><br/>Capital spending and the long-term picture<br/><br/>Although Meta is heavily focused on frontier model development and AI product innovation, JPMorgan stresses that its AI infrastructure capacity carries substantial standalone value and will underpin future compute demand. Meta has indicated it intends to maximize compute utilization through 2026 and 2027, while retaining greater flexibility from 2028 onward. JPMorgan projects Meta&#39;s capital expenditures will reach $243 billion in 2027, up 70% year over year, followed by $284 billion in 2028, a 17% increase — both figures running well ahead of consensus estimates.<br/><br/>The bank points to data center construction timelines and associated headwinds, AI product adoption rates and monetization progress, and supply constraints as the key variables that could influence 2028 capex. JPMorgan currently expects Meta to face meaningful free cash flow pressure in 2027 and 2028, with negative FCF running in the range of $65 billion to $70 billion annually. Notably, however, the bank has not yet incorporated revenue from new AI product commercialization into its forecasts.<br/><br/>The core advertising engine<br/><br/>What remains critical, in JPMorgan&#39;s view, is that Meta&#39;s core advertising business still has massive room to grow, driven by AI-enhanced content recommendations, deeper user engagement, sharper ad targeting and retrieval, and AI-assisted content creation. The bank believes Meta&#39;s scale distribution and engagement continue to reinforce powerful network effects, while its precision targeting delivers exceptional value to advertisers. Improvements in AI-driven ad ranking and recommendation capabilities are already translating into higher engagement, stronger return on ad spend, and increased revenue.<br/><br/>JPMorgan concludes that Meta has laid out a credible path to monetize its AI-driven capital expenditures through consumer-facing and enterprise agents, as well as the Model API offering.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Turns Bullish on Meta, Sets $820 Price Target on Frontier AI Models and Agent Potential</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Turns Bullish on Meta, Sets $820 Price Target on Frontier AI Models and Agent Potential\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-09-11 15:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Meta Platforms shares have dipped roughly 1% year-to-date, trailing the S&amp;P 500&#39;s 12% gain over the same span. Despite that underperformance, the stock has already rebounded about 20% from its recent trough, while the broader index has slipped 1% during that stretch.<br/><br/>JPMorgan has issued a research note arguing that <b>Meta Platforms (META.US)</b> still has substantial upside ahead, as the company sits in the early innings of launching frontier models and AI-driven products beyond its core advertising business. The bank is particularly focused on the Muse AI agent and access to the Meta Model API as key catalysts.<br/><br/>Where the opportunity lies<br/><br/>The bank has lifted its rating on Meta from Neutral to Overweight, while raising its December 2027 price target from $640 to $820, implying roughly 30% additional upside through the end of next year. JPMorgan believes frontier models will serve as the backbone of Meta&#39;s product and monetization pipeline over the coming years, charting a course toward superintelligence.<br/><br/>When Meta began rebuilding its Superintelligence Labs unit in the summer of 2025, the stated goal was to deliver frontier-level models within a year. JPMorgan assesses that the team has largely hit that target, and the cadence of model releases is accelerating — from Muse Spark 1.1 in July to the more recent Muse Spark 1.3, which now holds its own against Claude and GPT-class models. The bank anticipates the next-generation model, codenamed Watermelon, will unlock fresh opportunities across consumer products, business intelligence, Family of Apps engagement, advertising, and internal operational efficiency.<br/><br/>Why distribution scale matters<br/><br/>JPMorgan has long argued that Meta is exceptionally well positioned to deliver consumer-driven AI products to an audience of roughly 4 billion users, with massive distribution capabilities serving as a formidable competitive edge. The Muse AI agent is already demonstrating strong early traction, briefly climbing to No. 3 on the U.S. App Store just one day after launch, with early usage reaching ten times the size of the training cohort. While monetization is not an immediate priority for Muse, JPMorgan sees meaningful opportunities in both take-rate and subscription models, with the potential total addressable market reaching tens of trillions of dollars.<br/><br/>A key differentiator for Muse is its privacy-first architecture, which JPMorgan views as a genuine advantage. The bank suggests this could become a critical hurdle for competing agents seeking to earn user trust when handling sensitive tasks involving passwords, credit cards, and other personal data. Over time, the bank expects agent-to-agent interactions to become more commonplace, granting merchants and enterprises smarter capabilities and higher transaction volumes.<br/><br/>Beyond the consumer-facing agent, JPMorgan also sees considerable potential in the Meta Model API service aimed at developers and businesses. As Meta&#39;s model capabilities advance from Muse Spark 1.3 to Watermelon and beyond, the bank believes the API offering will grow increasingly compelling, supported by aggressive pricing, driving further adoption and usage expansion.<br/><br/>Capital spending and the long-term picture<br/><br/>Although Meta is heavily focused on frontier model development and AI product innovation, JPMorgan stresses that its AI infrastructure capacity carries substantial standalone value and will underpin future compute demand. Meta has indicated it intends to maximize compute utilization through 2026 and 2027, while retaining greater flexibility from 2028 onward. JPMorgan projects Meta&#39;s capital expenditures will reach $243 billion in 2027, up 70% year over year, followed by $284 billion in 2028, a 17% increase — both figures running well ahead of consensus estimates.<br/><br/>The bank points to data center construction timelines and associated headwinds, AI product adoption rates and monetization progress, and supply constraints as the key variables that could influence 2028 capex. JPMorgan currently expects Meta to face meaningful free cash flow pressure in 2027 and 2028, with negative FCF running in the range of $65 billion to $70 billion annually. Notably, however, the bank has not yet incorporated revenue from new AI product commercialization into its forecasts.<br/><br/>The core advertising engine<br/><br/>What remains critical, in JPMorgan&#39;s view, is that Meta&#39;s core advertising business still has massive room to grow, driven by AI-enhanced content recommendations, deeper user engagement, sharper ad targeting and retrieval, and AI-assisted content creation. The bank believes Meta&#39;s scale distribution and engagement continue to reinforce powerful network effects, while its precision targeting delivers exceptional value to advertisers. Improvements in AI-driven ad ranking and recommendation capabilities are already translating into higher engagement, stronger return on ad spend, and increased revenue.<br/><br/>JPMorgan concludes that Meta has laid out a credible path to monetize its AI-driven capital expenditures through consumer-facing and enterprise agents, as well as the Model API offering.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107235578","content_text":"Meta Platforms shares have dipped roughly 1% year-to-date, trailing the S&P 500's 12% gain over the same span. Despite that underperformance, the stock has already rebounded about 20% from its recent trough, while the broader index has slipped 1% during that stretch.JPMorgan has issued a research note arguing that Meta Platforms (META.US) still has substantial upside ahead, as the company sits in the early innings of launching frontier models and AI-driven products beyond its core advertising business. The bank is particularly focused on the Muse AI agent and access to the Meta Model API as key catalysts.Where the opportunity liesThe bank has lifted its rating on Meta from Neutral to Overweight, while raising its December 2027 price target from $640 to $820, implying roughly 30% additional upside through the end of next year. JPMorgan believes frontier models will serve as the backbone of Meta's product and monetization pipeline over the coming years, charting a course toward superintelligence.When Meta began rebuilding its Superintelligence Labs unit in the summer of 2025, the stated goal was to deliver frontier-level models within a year. JPMorgan assesses that the team has largely hit that target, and the cadence of model releases is accelerating — from Muse Spark 1.1 in July to the more recent Muse Spark 1.3, which now holds its own against Claude and GPT-class models. The bank anticipates the next-generation model, codenamed Watermelon, will unlock fresh opportunities across consumer products, business intelligence, Family of Apps engagement, advertising, and internal operational efficiency.Why distribution scale mattersJPMorgan has long argued that Meta is exceptionally well positioned to deliver consumer-driven AI products to an audience of roughly 4 billion users, with massive distribution capabilities serving as a formidable competitive edge. The Muse AI agent is already demonstrating strong early traction, briefly climbing to No. 3 on the U.S. App Store just one day after launch, with early usage reaching ten times the size of the training cohort. While monetization is not an immediate priority for Muse, JPMorgan sees meaningful opportunities in both take-rate and subscription models, with the potential total addressable market reaching tens of trillions of dollars.A key differentiator for Muse is its privacy-first architecture, which JPMorgan views as a genuine advantage. The bank suggests this could become a critical hurdle for competing agents seeking to earn user trust when handling sensitive tasks involving passwords, credit cards, and other personal data. Over time, the bank expects agent-to-agent interactions to become more commonplace, granting merchants and enterprises smarter capabilities and higher transaction volumes.Beyond the consumer-facing agent, JPMorgan also sees considerable potential in the Meta Model API service aimed at developers and businesses. As Meta's model capabilities advance from Muse Spark 1.3 to Watermelon and beyond, the bank believes the API offering will grow increasingly compelling, supported by aggressive pricing, driving further adoption and usage expansion.Capital spending and the long-term pictureAlthough Meta is heavily focused on frontier model development and AI product innovation, JPMorgan stresses that its AI infrastructure capacity carries substantial standalone value and will underpin future compute demand. Meta has indicated it intends to maximize compute utilization through 2026 and 2027, while retaining greater flexibility from 2028 onward. JPMorgan projects Meta's capital expenditures will reach $243 billion in 2027, up 70% year over year, followed by $284 billion in 2028, a 17% increase — both figures running well ahead of consensus estimates.The bank points to data center construction timelines and associated headwinds, AI product adoption rates and monetization progress, and supply constraints as the key variables that could influence 2028 capex. JPMorgan currently expects Meta to face meaningful free cash flow pressure in 2027 and 2028, with negative FCF running in the range of $65 billion to $70 billion annually. Notably, however, the bank has not yet incorporated revenue from new AI product commercialization into its forecasts.The core advertising engineWhat remains critical, in JPMorgan's view, is that Meta's core advertising business still has massive room to grow, driven by AI-enhanced content recommendations, deeper user engagement, sharper ad targeting and retrieval, and AI-assisted content creation. The bank believes Meta's scale distribution and engagement continue to reinforce powerful network effects, while its precision targeting delivers exceptional value to advertisers. Improvements in AI-driven ad ranking and recommendation capabilities are already translating into higher engagement, stronger return on ad spend, and increased revenue.JPMorgan concludes that Meta has laid out a credible path to monetize its AI-driven capital expenditures through consumer-facing and enterprise agents, as well as the Model API offering.","news_type":1,"symbols_score_info":{"META":1}},"isVote":1,"tweetType":1,"viewCount":7,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":603458403706048,"gmtCreate":1788365700718,"gmtModify":1788365702061,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4170531311945842","idStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/603458403706048","repostId":"2664810712","repostType":2,"repost":{"id":"2664810712","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1788360960,"share":"https://ttm.financial/m/news/2664810712?lang=en_US&edition=fundamental","pubTime":"2026-09-02 22:56","market":"nz","language":"en","title":"Bloom Energy and 7 More Stocks That Could Join the S&P 500 This Month","url":"https://stock-news.laohu8.com/highlight/detail?id=2664810712","media":"Dow Jones","summary":"Bloom Energy Corp., Astera Labs, Cheniere Energy and Everpure top a list of companies that could be added to the S&P 500 as part of the index's quarterly rebalancing that will occur later this month.A","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Bloom Energy Corp., Astera Labs, Cheniere Energy and Everpure top a list of companies that could be added to the S&amp;P 500 as part of the index's quarterly rebalancing that will occur later this month. \n</p>\n<p>\n     Any changes to the benchmark index likely will be announced Friday after the close of trading, and the changes likely will go into effect around the time of the rebalancing on Sept. 21. \n</p>\n<p>\n     Each quarter, S&amp;P Dow Jones Indices, which oversees the S&amp;P 500, rebalances the index-along with the S&amp;P MidCap 400 and S&amp;P SmallCap 600)-to reflect changes in component share counts and other factors. \n</p>\n<p>\n     Index changes often take place in conjunction with the rebalancing. In June, for instance, Marvell Technology and Flex were added to the S&amp;P 500. \n</p>\n<p>\n     Companies are eager for admission into the S&amp;P 500 because of the prestige and the bump in their stock price that often comes when the news is announced. Index buying also can boost shares of newly admitted companies-an estimated 30% or more of the S&amp;P 500 is held by index funds. \n</p>\n<p>\n     Bloom, Astera, Cheniere, and Everpure are among the largest companies by market value that aren't included in the S&amp;P 500 index. Stephens analyst Melissa Roberts recently identified them as top candidates for admission into the benchmark index. \n</p>\n<p>\n     Companies with large market values generally get added to the S&amp;P 500, assuming they meet the index's profitability targets of GAAP (generally accepted accounting principles) profits in the most recent quarter and cumulative positive GAAP earnings over the past year. \n</p>\n<p>\n     In a client note, Roberts wrote that she sees two or three changes in the index to be announced along with the rebalancing. \n</p>\n<p>\n     Bloom and Cheniere are the largest companies by market value that are eligible for inclusion in the index, with market values of about $60 billion-well above the current minimum of $22.7 billion. \n</p>\n<p>\n     Cheniere has been eligible for some time. It could finally get added given the strength in the energy sector this year, and because no energy stocks have been added to the index since 2022. \n</p>\n<p>\n     Other possible additions are Credo Technology Group, Heico, Rocket Cos., and Royalty Pharma, Roberts noted. \n</p>\n<p>\n     One company that won't be added, however, is <a href=\"https://laohu8.com/S/SPCX\">SpaceX</a>., which went public in June. S&amp;P Dow Jones Indices didn't relax its requirement that companies have be public for 12 months before being considered for S&amp;P 500 inclusion. The Nasdaq eased its rules that allowed SpaceX to be included in the Nasdaq 100 index in July. \n</p>\n<p>\n     S&amp;P Dow Jones Indices generally drops companies from the S&amp;P 500 that have the lowest market values to make room for new members. \n</p>\n<p>\n     Trade Desk, <a href=\"https://laohu8.com/S/BLDR\">Builders FirstSource</a>, Norwegian Cruise Line Holdings, Molson Coors, and Mosaic recently had the five lowest market values in the index at under $8 billion. There are only about 10 companies left in the index with market caps under $10 billion. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bloom Energy and 7 More Stocks That Could Join the S&P 500 This Month</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBloom Energy and 7 More Stocks That Could Join the S&P 500 This Month\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-09-02 22:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Bloom Energy Corp., Astera Labs, Cheniere Energy and Everpure top a list of companies that could be added to the S&amp;P 500 as part of the index's quarterly rebalancing that will occur later this month. \n</p>\n<p>\n     Any changes to the benchmark index likely will be announced Friday after the close of trading, and the changes likely will go into effect around the time of the rebalancing on Sept. 21. \n</p>\n<p>\n     Each quarter, S&amp;P Dow Jones Indices, which oversees the S&amp;P 500, rebalances the index-along with the S&amp;P MidCap 400 and S&amp;P SmallCap 600)-to reflect changes in component share counts and other factors. \n</p>\n<p>\n     Index changes often take place in conjunction with the rebalancing. In June, for instance, Marvell Technology and Flex were added to the S&amp;P 500. \n</p>\n<p>\n     Companies are eager for admission into the S&amp;P 500 because of the prestige and the bump in their stock price that often comes when the news is announced. Index buying also can boost shares of newly admitted companies-an estimated 30% or more of the S&amp;P 500 is held by index funds. \n</p>\n<p>\n     Bloom, Astera, Cheniere, and Everpure are among the largest companies by market value that aren't included in the S&amp;P 500 index. Stephens analyst Melissa Roberts recently identified them as top candidates for admission into the benchmark index. \n</p>\n<p>\n     Companies with large market values generally get added to the S&amp;P 500, assuming they meet the index's profitability targets of GAAP (generally accepted accounting principles) profits in the most recent quarter and cumulative positive GAAP earnings over the past year. \n</p>\n<p>\n     In a client note, Roberts wrote that she sees two or three changes in the index to be announced along with the rebalancing. \n</p>\n<p>\n     Bloom and Cheniere are the largest companies by market value that are eligible for inclusion in the index, with market values of about $60 billion-well above the current minimum of $22.7 billion. \n</p>\n<p>\n     Cheniere has been eligible for some time. It could finally get added given the strength in the energy sector this year, and because no energy stocks have been added to the index since 2022. \n</p>\n<p>\n     Other possible additions are Credo Technology Group, Heico, Rocket Cos., and Royalty Pharma, Roberts noted. \n</p>\n<p>\n     One company that won't be added, however, is <a href=\"https://laohu8.com/S/SPCX\">SpaceX</a>., which went public in June. S&amp;P Dow Jones Indices didn't relax its requirement that companies have be public for 12 months before being considered for S&amp;P 500 inclusion. The Nasdaq eased its rules that allowed SpaceX to be included in the Nasdaq 100 index in July. \n</p>\n<p>\n     S&amp;P Dow Jones Indices generally drops companies from the S&amp;P 500 that have the lowest market values to make room for new members. \n</p>\n<p>\n     Trade Desk, <a href=\"https://laohu8.com/S/BLDR\">Builders FirstSource</a>, Norwegian Cruise Line Holdings, Molson Coors, and Mosaic recently had the five lowest market values in the index at under $8 billion. There are only about 10 companies left in the index with market caps under $10 billion. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPDF":"Defender Risk Adaptive 500 ETF","SSS":"Cyber Hornet S&P 500 and Solana 75/25 Strategy ETF","UXJL":"FT Vest U.S. Equity Uncapped Accelerator ETF - July","FLAO":"AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF","XPAY":"Roundhill S&P 500 Target 20 Managed Distribution ETF","VOOG":"Vanguard标普500成长ETF","SPYM":"投资组合标普500指数ETF-SPDR","XSPI":"NEOS Boosted S&P 500 High Income ETF","VOOX":"Corgi U.S. Large-Cap 2x Daily ETF","ISSXF":"IShares Core S&P  500 Index ETF","FEBT":"AllianzIM U.S. Equity Buffer10 Feb ETF","LNG":"Cheniere Energy","CGUS":"Capital Group Core Equity ETF","ALAB":"Astera Labs, Inc.","HJUN":"Corgi U.S. Equities 100% Structured Buffer ETF - June Series","HELO":"JPMorgan Hedged Equity Laddered Overlay ETF","GPIX":"GOLDMAN SACHS S&P 500 CORE PREMIUM INCOME ETF","BKLC":"BNY Mellon US Large Cap Core Equity ETF","HYDR":"Global X Hydrogen ETF","SPY":"标普500ETF",".SPX":"S&P 500 Index","ACLC":"AMERICAN CENTURY LARGE CAP EQUITY ETF","PTL":"Inspire 500 ETF","CFO":"VictoryShares US 500 Enhanced Volatility Wtd ETF","DSPY":"Tema S&P 500 Historical Weight ETF Strategy","GSUS":"Goldman Sachs MarketBeta U.S. Equity ETF","VYM":"红利股ETF-Vanguard","TOPC":"iShares S&P 500 3% Capped ETF","PTLC":"Pacer Trendpilot US Large Cap ETF","ABIG":"Argent Large Cap ETF","GBXB":"Goldman Sachs U.S. Large Cap Buffer 2 ETF","UOCT":"Innovator U.S. Equity Ultra Buffer ETF - October","XUSP":"Innovator Uncapped Accelerated U.S. Equity ETF","LGDX":"INTECH S&P LARGE CAP DIVERSIFIED ALPHA ETF","SCHG":"Schwab U.S. Large -Cap Growth ET","FELC":"FIDELITY ENHANCED LARGE CAP CORE ETF","CTEX":"ProShares S&P Kensho Cleantech ETF","LGH":"HCM Defender 500 Index ETF","PBJL":"PGIM S&P 500 Buffer 20 ETF - July","MRCP":"PGIM S&P 500 Buffer 12 ETF - March","FLCC":"Federated Hermes MDT Large Cap Core ETF","XXX":"Cyber Hornet S&P 500 and XRP 75/25 Strategy ETF","VOO":"Vanguard标普500ETF","UXAP":"FT Vest U.S. Equity Uncapped Accelerator ETF - April","VSL":"Volshares Large Cap ETF","VUG":"成长股指数ETF-Vanguard MSCI","OALC":"OneAscent Large Cap Core ETF","TSPA":"T. Rowe Price U.S. Equity Research ETF","CPST":"Calamos S&P 500 Structured Alt Protection ETF - September","UXJA":"FT Vest U.S. Equity Uncapped Accelerator ETF - January"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2664810712","content_text":"Bloom Energy Corp., Astera Labs, Cheniere Energy and Everpure top a list of companies that could be added to the S&P 500 as part of the index's quarterly rebalancing that will occur later this month. \n\n\n     Any changes to the benchmark index likely will be announced Friday after the close of trading, and the changes likely will go into effect around the time of the rebalancing on Sept. 21. \n\n\n     Each quarter, S&P Dow Jones Indices, which oversees the S&P 500, rebalances the index-along with the S&P MidCap 400 and S&P SmallCap 600)-to reflect changes in component share counts and other factors. \n\n\n     Index changes often take place in conjunction with the rebalancing. In June, for instance, Marvell Technology and Flex were added to the S&P 500. \n\n\n     Companies are eager for admission into the S&P 500 because of the prestige and the bump in their stock price that often comes when the news is announced. Index buying also can boost shares of newly admitted companies-an estimated 30% or more of the S&P 500 is held by index funds. \n\n\n     Bloom, Astera, Cheniere, and Everpure are among the largest companies by market value that aren't included in the S&P 500 index. Stephens analyst Melissa Roberts recently identified them as top candidates for admission into the benchmark index. \n\n\n     Companies with large market values generally get added to the S&P 500, assuming they meet the index's profitability targets of GAAP (generally accepted accounting principles) profits in the most recent quarter and cumulative positive GAAP earnings over the past year. \n\n\n     In a client note, Roberts wrote that she sees two or three changes in the index to be announced along with the rebalancing. \n\n\n     Bloom and Cheniere are the largest companies by market value that are eligible for inclusion in the index, with market values of about $60 billion-well above the current minimum of $22.7 billion. \n\n\n     Cheniere has been eligible for some time. It could finally get added given the strength in the energy sector this year, and because no energy stocks have been added to the index since 2022. \n\n\n     Other possible additions are Credo Technology Group, Heico, Rocket Cos., and Royalty Pharma, Roberts noted. \n\n\n     One company that won't be added, however, is SpaceX., which went public in June. S&P Dow Jones Indices didn't relax its requirement that companies have be public for 12 months before being considered for S&P 500 inclusion. The Nasdaq eased its rules that allowed SpaceX to be included in the Nasdaq 100 index in July. \n\n\n     S&P Dow Jones Indices generally drops companies from the S&P 500 that have the lowest market values to make room for new members. \n\n\n     Trade Desk, Builders FirstSource, Norwegian Cruise Line Holdings, Molson Coors, and Mosaic recently had the five lowest market values in the index at under $8 billion. There are only about 10 companies left in the index with market caps under $10 billion.","news_type":1,"symbols_score_info":{"HYDR":1.5,"XPAY":1.5,"GSUS":1.5,"UXJA":1.5,"VOOG":1.5,"ISSXF":1.5,"SPDF":1.5,"MRCP":1.5,"UOCT":1.5,".SPX":1.5,"FEBT":1.5,"HELO":1.5,"SPYM":1.5,"SPY":1.5,"CGUS":1.5,"GPIX":1.5,"ABIG":1.5,"VOO":1.5,"BKLC":1.5,"CTEX":1.5,"OALC":1.5,"UXJL":1.5,"GBXB":1.5,"TSPA":1.5,"FELC":1.5,"FLCC":1.5,"ACLC":1.5,"CPST":1.5,"FLAO":1.5,"UXAP":1.5,"VYM":1.5,"PTL":1.5,"CFO":1.5,"LGH":1.5,"XXX":1.5,"PTLC":1.5,"PBJL":1.5,"XSPI":1.5,"XUSP":1.5,"VSL":1.5,"VOOX":1.5,"VUG":1.5,"ALAB":0.9,"LGDX":1.5,"DSPY":1.5,"HJUN":1.5,"SCHG":1.5,"SSS":1.5,"LNG":0.9,"TOPC":1.5}},"isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":579774377820400,"gmtCreate":1782576669080,"gmtModify":1782576671942,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4170531311945842","idStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/579774377820400","repostId":"2646627395","repostType":2,"repost":{"id":"2646627395","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1782530400,"share":"https://ttm.financial/m/news/2646627395?lang=en_US&edition=fundamental","pubTime":"2026-06-27 11:20","market":"us","language":"en","title":"Nancy Pelosi, Bill Ackman Bet on The Same 4 Stocks – Some Might Surprise You","url":"https://stock-news.laohu8.com/highlight/detail?id=2646627395","media":"Benzinga Earnings","summary":"A look at the stocks owned by both Nancy Pelosi and Bill Ackman.","content":"<html><head></head><body><p style=\"text-align: start;\">Two of the most well-known figures whose trades are tracked by Wall Street are former Speaker of the House <strong>Nancy Pelosi </strong>(D-Calif.) and <strong>Pershing Square Capital Management </strong>CEO <strong>Bill Ackman</strong>. When it comes to stocks owned by the two figures, they have four in common, including three of the Magnificent 7 stocks.</p><p style=\"text-align: start;\">Here’s a look at the four stocks that appear both in Ackman’s hedge fund and in the stock portfolio of Pelosi, which is managed by her husband<strong>, Paul Pelosi.</strong></p><h2 id=\"id_3296727595\" style=\"text-align: start;\">The 4 Shared Stocks</h2><p style=\"text-align: start;\">The Benzinga Government Trades page for Pelosi shows four stocks disclosed by the congresswoman in the past five years that have not been sold, and are also owned by Ackman’s hedge fund, according to data from 13FInfo.</p><p style=\"text-align: start;\">Here are the four stocks owned by both Pelosi and Ackman:</p><p><strong>Uber Technologies</strong> (NYSE:UBER): Pelosi disclosed Uber as one of the two newest positions in her investment portfolio. Pelosi’s husband bought 200 call options of Uber with an expiration date of March 19, 2027, and a strike price of $50. The transaction was completed on May 29, 2026.</p><p style=\"text-align: start;\">Ackman disclosed owning 29,958,771 Uber shares at the end of the first quarter. The position is the third largest in the Pershing Square fund, which is tracked by <strong>Pershing Square USA </strong>(NYSE:PSUS), representing 16% of assets. Ackman cut the Uber position by around 1% in the first quarter.</p><p style=\"text-align: start;\"><strong>Alphabet Inc </strong>(NASDAQ:GOOG) (NASDAQ:GOOGL): Pelosi disclosed buying 50 call options of Alphabet Class A stock (GOOGL) on Jan. 14, 2025. The options were exercised earlier this year for 5,000 shares. The congresswoman also disclosed selling Alphabet Class A shares several times in 2022, reporting transactions valued at millions of dollars. Pelosi exercised Alphabet options back in 2022 and 2021, which means the congresswoman could own some common shares in the portfolio that were not sold alongside the current active call options.</p><p>Ackman disclosed owning 311,726 GOOG shares and 32,376 GOOGL shares in the Pershing Square fund at the end of the first quarter. Both positions were cut by 95% in the first quarter. Alphabet Class C shares were the ninth-largest position at 0.7% of assets in the quarter, with Class A shares the 11th-largest position at 0.1% of assets.</p><p style=\"text-align: start;\"><strong>Amazon.com Inc </strong>(NASDAQ:AMZN): Pelosi disclosed buying 50 call options of Amazon.com on Jan. 14, 2025. Those options were exercised in January 2026 for 5,000 shares. Pelosi also previously disclosed buying 20 call options in Amazon back in December 2025. Those options have a strike price of $120 and an expiration date of Jan. 15, 2027.</p><p style=\"text-align: start;\">Ackman disclosed owning 11,451,981 Amazon shares in the first quarter, representing 17% of the Pershing Square Capital Management portfolio and the second largest position. The e-commerce giant was a new purchase by Pershing Square in 2025 and Ackman has been adding to the position in recent quarters, with a 19% increase in the share count in the first quarter.</p><p><strong>Microsoft Corp </strong>(NASDAQ:MSFT): Pelosi last traded Microsoft stock with a sale of 5,000 shares in July 2024. Before that, she disclosed exercising 50 call options for 5,000 shares in June 2023. Those transactions may have cancelled each other out, but Pelosi also exercised options for 25,000 shares back in 2021, likely giving her a large MSFT share position today.</p><p style=\"text-align: start;\">Ackman announced Microsoft as a new purchase in the first quarter, when Pershing Square added 5,654,078 MSFT shares, worth around $2.09 billion at the end of March. The stock was around 15% of the company’s assets. Investors will be monitoring to see if Ackman increases his Microsoft position going forward.</p><h2 id=\"id_2760836920\" style=\"text-align: start;\">Different Investing Styles</h2><p style=\"text-align: start;\">Pelosi’s husband has a history of buying call options that are in the money and have expiration dates of a year from the purchase date. He later exercised the options into common stock.</p><p style=\"text-align: start;\">Investments are often made in the technology sector, favoring large-cap names.</p><p style=\"text-align: start;\">Ackman is a value and activist investor, known for taking large stakes in companies with dominant positions in their sectors and for pushing for changes to unlock shareholder value.</p><p style=\"text-align: start;\">Three of the four stocks Pelosi and Ackman have in common are members of the Magnificent 7 and among the most valuable companies in the world.</p><p style=\"text-align: start;\">A recent purchase of Uber call options by Pelosi gives the two investors four stocks in common now and a new position outside the Magnificent Seven stocks.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nancy Pelosi, Bill Ackman Bet on The Same 4 Stocks – Some Might Surprise You</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNancy Pelosi, Bill Ackman Bet on The Same 4 Stocks – Some Might Surprise You\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time\">2026-06-27 11:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Two of the most well-known figures whose trades are tracked by Wall Street are former Speaker of the House <strong>Nancy Pelosi </strong>(D-Calif.) and <strong>Pershing Square Capital Management </strong>CEO <strong>Bill Ackman</strong>. When it comes to stocks owned by the two figures, they have four in common, including three of the Magnificent 7 stocks.</p><p style=\"text-align: start;\">Here’s a look at the four stocks that appear both in Ackman’s hedge fund and in the stock portfolio of Pelosi, which is managed by her husband<strong>, Paul Pelosi.</strong></p><h2 id=\"id_3296727595\" style=\"text-align: start;\">The 4 Shared Stocks</h2><p style=\"text-align: start;\">The Benzinga Government Trades page for Pelosi shows four stocks disclosed by the congresswoman in the past five years that have not been sold, and are also owned by Ackman’s hedge fund, according to data from 13FInfo.</p><p style=\"text-align: start;\">Here are the four stocks owned by both Pelosi and Ackman:</p><p><strong>Uber Technologies</strong> (NYSE:UBER): Pelosi disclosed Uber as one of the two newest positions in her investment portfolio. Pelosi’s husband bought 200 call options of Uber with an expiration date of March 19, 2027, and a strike price of $50. The transaction was completed on May 29, 2026.</p><p style=\"text-align: start;\">Ackman disclosed owning 29,958,771 Uber shares at the end of the first quarter. The position is the third largest in the Pershing Square fund, which is tracked by <strong>Pershing Square USA </strong>(NYSE:PSUS), representing 16% of assets. Ackman cut the Uber position by around 1% in the first quarter.</p><p style=\"text-align: start;\"><strong>Alphabet Inc </strong>(NASDAQ:GOOG) (NASDAQ:GOOGL): Pelosi disclosed buying 50 call options of Alphabet Class A stock (GOOGL) on Jan. 14, 2025. The options were exercised earlier this year for 5,000 shares. The congresswoman also disclosed selling Alphabet Class A shares several times in 2022, reporting transactions valued at millions of dollars. Pelosi exercised Alphabet options back in 2022 and 2021, which means the congresswoman could own some common shares in the portfolio that were not sold alongside the current active call options.</p><p>Ackman disclosed owning 311,726 GOOG shares and 32,376 GOOGL shares in the Pershing Square fund at the end of the first quarter. Both positions were cut by 95% in the first quarter. Alphabet Class C shares were the ninth-largest position at 0.7% of assets in the quarter, with Class A shares the 11th-largest position at 0.1% of assets.</p><p style=\"text-align: start;\"><strong>Amazon.com Inc </strong>(NASDAQ:AMZN): Pelosi disclosed buying 50 call options of Amazon.com on Jan. 14, 2025. Those options were exercised in January 2026 for 5,000 shares. Pelosi also previously disclosed buying 20 call options in Amazon back in December 2025. Those options have a strike price of $120 and an expiration date of Jan. 15, 2027.</p><p style=\"text-align: start;\">Ackman disclosed owning 11,451,981 Amazon shares in the first quarter, representing 17% of the Pershing Square Capital Management portfolio and the second largest position. The e-commerce giant was a new purchase by Pershing Square in 2025 and Ackman has been adding to the position in recent quarters, with a 19% increase in the share count in the first quarter.</p><p><strong>Microsoft Corp </strong>(NASDAQ:MSFT): Pelosi last traded Microsoft stock with a sale of 5,000 shares in July 2024. Before that, she disclosed exercising 50 call options for 5,000 shares in June 2023. Those transactions may have cancelled each other out, but Pelosi also exercised options for 25,000 shares back in 2021, likely giving her a large MSFT share position today.</p><p style=\"text-align: start;\">Ackman announced Microsoft as a new purchase in the first quarter, when Pershing Square added 5,654,078 MSFT shares, worth around $2.09 billion at the end of March. The stock was around 15% of the company’s assets. Investors will be monitoring to see if Ackman increases his Microsoft position going forward.</p><h2 id=\"id_2760836920\" style=\"text-align: start;\">Different Investing Styles</h2><p style=\"text-align: start;\">Pelosi’s husband has a history of buying call options that are in the money and have expiration dates of a year from the purchase date. He later exercised the options into common stock.</p><p style=\"text-align: start;\">Investments are often made in the technology sector, favoring large-cap names.</p><p style=\"text-align: start;\">Ackman is a value and activist investor, known for taking large stakes in companies with dominant positions in their sectors and for pushing for changes to unlock shareholder value.</p><p style=\"text-align: start;\">Three of the four stocks Pelosi and Ackman have in common are members of the Magnificent 7 and among the most valuable companies in the world.</p><p style=\"text-align: start;\">A recent purchase of Uber call options by Pelosi gives the two investors four stocks in common now and a new position outside the Magnificent Seven stocks.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOW":"Roundhill GOOGL WeeklyPay ETF","MSFX":"2倍做多MSFT ETF-T-Rex","UBRL":"2倍做多UBER ETF-GraniteShares","GOOX":"2倍做多GOOG ETF-T-REX","AMZZ":"2倍做多AMZN ETF-GraniteShares","MSFY":"Kurv Yield Premium Strategy Microsoft (MSFT) ETF","MSFT":"微软","UBER":"优步","GOOY":"GOOGL期权收益策略ETF-YieldMax","AMZY":"AMZN期权收益策略ETF-YieldMax","AZYY":"GraniteShares YieldBOOST AMZN ETF","AMZW":"Roundhill AMZN WeeklyPay™ ETF","GOOG":"谷歌","GOU":"GraniteShares 2x Long GOOGL Daily ETF","AMZU":"2倍做多AMZN ETF-Direxion","GOOGL":"谷歌A","UBEW":"Roundhill UBER WeeklyPay ETF","GGLL":"2倍做多GOOGL-Direxion","AMZP":"KURV YIELD PREMIUM STRATEGY AMAZON (AMZN) ETF","MSFD":"1倍做空MSFT ETF-Direxion","GGLS":"1倍做空GOOGL ETF-Direxion","MSFL":"2倍做多MSFT ETF-GraniteShares","MSFO":"MSFT期权收益策略ETF-YieldMax","AMZN":"亚马逊","AMZD":"1倍做空AMZN ETF-Direxion","MSFU":"2倍做多MSFT ETF-Direxion","GOOP":"KURV YIELD PREMIUM STRATEGY GOOGLE (GOOGL) ETF","MSFW":"Roundhill MSFT WeeklyPay ETF"},"source_url":"https://www.benzinga.com/trading-ideas/long-ideas/26/06/60142091/nancy-pelosi-bill-ackman-bet-on-the-same-4-stocks-some-might-surprise-you","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2646627395","content_text":"Two of the most well-known figures whose trades are tracked by Wall Street are former Speaker of the House Nancy Pelosi (D-Calif.) and Pershing Square Capital Management CEO Bill Ackman. When it comes to stocks owned by the two figures, they have four in common, including three of the Magnificent 7 stocks.Here’s a look at the four stocks that appear both in Ackman’s hedge fund and in the stock portfolio of Pelosi, which is managed by her husband, Paul Pelosi.The 4 Shared StocksThe Benzinga Government Trades page for Pelosi shows four stocks disclosed by the congresswoman in the past five years that have not been sold, and are also owned by Ackman’s hedge fund, according to data from 13FInfo.Here are the four stocks owned by both Pelosi and Ackman:Uber Technologies (NYSE:UBER): Pelosi disclosed Uber as one of the two newest positions in her investment portfolio. Pelosi’s husband bought 200 call options of Uber with an expiration date of March 19, 2027, and a strike price of $50. The transaction was completed on May 29, 2026.Ackman disclosed owning 29,958,771 Uber shares at the end of the first quarter. The position is the third largest in the Pershing Square fund, which is tracked by Pershing Square USA (NYSE:PSUS), representing 16% of assets. Ackman cut the Uber position by around 1% in the first quarter.Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL): Pelosi disclosed buying 50 call options of Alphabet Class A stock (GOOGL) on Jan. 14, 2025. The options were exercised earlier this year for 5,000 shares. The congresswoman also disclosed selling Alphabet Class A shares several times in 2022, reporting transactions valued at millions of dollars. Pelosi exercised Alphabet options back in 2022 and 2021, which means the congresswoman could own some common shares in the portfolio that were not sold alongside the current active call options.Ackman disclosed owning 311,726 GOOG shares and 32,376 GOOGL shares in the Pershing Square fund at the end of the first quarter. Both positions were cut by 95% in the first quarter. Alphabet Class C shares were the ninth-largest position at 0.7% of assets in the quarter, with Class A shares the 11th-largest position at 0.1% of assets.Amazon.com Inc (NASDAQ:AMZN): Pelosi disclosed buying 50 call options of Amazon.com on Jan. 14, 2025. Those options were exercised in January 2026 for 5,000 shares. Pelosi also previously disclosed buying 20 call options in Amazon back in December 2025. Those options have a strike price of $120 and an expiration date of Jan. 15, 2027.Ackman disclosed owning 11,451,981 Amazon shares in the first quarter, representing 17% of the Pershing Square Capital Management portfolio and the second largest position. The e-commerce giant was a new purchase by Pershing Square in 2025 and Ackman has been adding to the position in recent quarters, with a 19% increase in the share count in the first quarter.Microsoft Corp (NASDAQ:MSFT): Pelosi last traded Microsoft stock with a sale of 5,000 shares in July 2024. Before that, she disclosed exercising 50 call options for 5,000 shares in June 2023. Those transactions may have cancelled each other out, but Pelosi also exercised options for 25,000 shares back in 2021, likely giving her a large MSFT share position today.Ackman announced Microsoft as a new purchase in the first quarter, when Pershing Square added 5,654,078 MSFT shares, worth around $2.09 billion at the end of March. The stock was around 15% of the company’s assets. Investors will be monitoring to see if Ackman increases his Microsoft position going forward.Different Investing StylesPelosi’s husband has a history of buying call options that are in the money and have expiration dates of a year from the purchase date. He later exercised the options into common stock.Investments are often made in the technology sector, favoring large-cap names.Ackman is a value and activist investor, known for taking large stakes in companies with dominant positions in their sectors and for pushing for changes to unlock shareholder value.Three of the four stocks Pelosi and Ackman have in common are members of the Magnificent 7 and among the most valuable companies in the world.A recent purchase of Uber call options by Pelosi gives the two investors four stocks in common now and a new position outside the Magnificent Seven stocks.","news_type":1,"symbols_score_info":{"UBRL":0.6,"AMZU":0.6,"MSFX":0.6,"GGLL":0.6,"MSFO":0.6,"AMZD":0.6,"AMZN":2,"GOOG":2,"GOOW":0.6,"AMZP":0.6,"MSFL":0.6,"AMZZ":0.6,"GOOGL":2,"MSFT":2,"UBER":2,"MSFD":0.6,"GOOP":0.6,"GGLS":0.6,"MSFY":0.6,"GOOY":0.6,"GOU":0.6,"AMZW":0.6,"AZYY":0.6,"MSFW":0.6,"GOOX":0.6,"MSFU":0.6,"AMZY":0.6,"UBEW":0.6}},"isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":579387518280072,"gmtCreate":1782482221434,"gmtModify":1782482222961,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4170531311945842","idStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/579387518280072","repostId":"2646887267","repostType":2,"repost":{"id":"2646887267","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1782385800,"share":"https://ttm.financial/m/news/2646887267?lang=en_US&edition=fundamental","pubTime":"2026-06-25 19:10","market":"hk","language":"en","title":"Here are Five Themes Wall Street Left Behind While Chasing a Single Trade","url":"https://stock-news.laohu8.com/highlight/detail?id=2646887267","media":"Dow Jones","summary":"Research firm Citrini sees airlines, assisted living and other sectors as overlookedInternational World Cup fans have been falling in love with America. Citrini says that's a boost for beleaguered air","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Research firm Citrini sees airlines, assisted living and other sectors as overlooked \n</p>\n<p>\n     International World Cup fans have been falling in love with America. Citrini says that's a boost for beleaguered airlines. \n</p>\n<p>\n     If the recent tech selloff dented some confidence around the artificial intelligence trade, Micron Technology may have just restored it, with futures pointing to a powerful tech rally after blowout results from the memory maker. \n</p>\n<p>\n     However, our call of the day from Citrini Research, says with nearly all investor attention focused on the AI trade for the past few years, it's looking crowded to say the least. \n</p>\n<p>\n     \"We think the risk of 'AI exhaustion' is high and it's probable that we will see some degree of rotation into things that people have seemingly stopped caring about,\" said Citrini, the author of a viral AI Doomsday report earlier this year. \n</p>\n<p>\n     In a report that published Wednesday, Citrini revisits a few \"small themes\" that aren't big or market-disrupting, but \"below-the-radar narratives in less popular sectors that can surprise.\" \n</p>\n<p>\n     First up is airlines, which the firm expects to benefit from capacity constraints as well as renewed travel interest in the wake of World Cup fans posting love stories about America on social media.  Citrini  says as oil prices normalize \"we think tourism to the U.S. will see a sustained uplift,\" and spark airlines to start cycling higher. \n</p>\n<p>\n     The second theme is senior living as the oldest baby boomers hit 80 this year. Occupancy in senior housing hit 89.5% in the first quarter, the 19th consecutive quarterly increase, while supply collapsed. The incremental dollars from rising occupancy are \"crazy high margin significant.\" On the shopping list: REITs and operators like Welltower <a href=\"https://laohu8.com/S/WELL\">$(WELL)$</a>, <a href=\"https://laohu8.com/S/BKDT\">Brookdale Senior Living</a>  <a href=\"https://laohu8.com/S/BKD\">$(BKD)$</a> and <a href=\"https://laohu8.com/S/JAN\">Janus Living</a> (JAN). While those have performed well recently, they're still playing catch-up from years of underperformance. \n</p>\n<p>\n     Live events is also on the radar for Citrini as \"physical presence became a luxury good,\" over the past few years. \"Sports franchises, and to a greater extent - all IRL [in real life] events - are benefiting from a desire to be present. With that comes an increased opportunity to monetize through attendance, premiumization, and promotion,\" said the researchers. \n</p>\n<p>\n     Live Nation <a href=\"https://laohu8.com/S/LYV\">$(LYV)$</a>, TKO Group <a href=\"https://laohu8.com/S/TKO\">$(TKO)$</a>, Atlanta Braves <a href=\"https://laohu8.com/S/BATRK\">$(BATRK)$</a>, Madison <a href=\"https://laohu8.com/S/XYZ\">Square</a> Garden <a href=\"https://laohu8.com/S/MSGS\">$(MSGS)$</a> and Formula One <a href=\"https://laohu8.com/S/FWONK\">$(FWONK)$</a> and even Imax <a href=\"https://laohu8.com/S/IMAX\">$(IMAX)$</a>- \"the future of moviegoing\" - are among their top picks. \n</p>\n<p>\n     Financial exchanges are another overlooked theme, as Citrini sees \"CME's monopoly coming to an end\" due to a landmark shift in March 2026 when S&amp;P Dow Jones Indices licensed the a 24/7 equity-index perpetual. They suggest investors short incumbent players like CME <a href=\"https://laohu8.com/S/CME\">$(CME)$</a>, CBOE <a href=\"https://laohu8.com/S/CBOE\">$(CBOE)$</a> and ICE <a href=\"https://laohu8.com/S/ICE\">$(ICE)$</a>, and buy adopters chipping directly at that monopoly - <a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> (HOOD) and <a href=\"https://laohu8.com/S/COIN\">Coinbase</a> (COIN), along with index-license toll takers such as S&amp;P Global <a href=\"https://laohu8.com/S/SPGI\">$(SPGI)$</a>. \n</p>\n<p>\n     The final theme is buy-now-pay-later companies, unloved and branded by some as \"the next domino to fall,\" alongside private credit. Citrini pushed back, flagging a \"fundamental misunderstanding of the business model.\" Under U.S. GAAP accounting, these lenders must make upfront provisions for credit losses and revenue recognition happens over the life of the loan.  Citrini suggests looking at Klarna <a href=\"https://laohu8.com/S/KLAR\">$(KLAR)$</a>, <a href=\"https://laohu8.com/S/SZL.AU\">Sezzle</a> <a href=\"https://laohu8.com/S/SEZL\">$(SEZL)$</a>and <a href=\"https://laohu8.com/S/AFRM\">Affirm</a> (AFRM). \n</p>\n<p>\n     The markets \n</p>\n<p>\n     U.S. stock futures (ES00) (YM00) (NQ00) are higher, led by tech, and oil prices (CL.1) (BRN00) are dropping. Stocks in Japan JP:NIK and Korea KR:180721 surged. \n</p>\n<pre style=\"white-space: pre\">\n \nKey asset performance                                                Last       5d      1m       YTD     1y \nS&amp;P 500                                                              7358.22    -0.83%  -2.16%   7.49%   20.78% \nNasdaq Composite                                                     25,476.64  -2.09%  -4.49%   9.61%   27.55% \n10-year Treasury                                                     4.413      -4.70   -3.50    24.10   17.40 \nGold                                                                 4004.9     -5.27%  -11.54%  -7.56%  19.85% \nOil                                                                  69.49      -7.98%  -21.51%  21.04%  6.55% \nData: MarketWatch. Treasury yields change expressed in basis points \n</pre>\n<p>\n     The buzz \n</p>\n<p>\n     Driving those tech gains is Micron stock <a href=\"https://laohu8.com/S/MU\">$(MU)$</a>, poised for its best post-earnings performance ever after the memory-chip maker reported blowout profit and revenue growth. \n</p>\n<p>\n     Qualcomm <a href=\"https://laohu8.com/S/QCOM\">$(QCOM)$</a> at its investor day quantified its planned diversification from its handset business. \n</p>\n<p>\n     Personal consumption expenditure price index data for May, weekly jobless claims, durable-goods orders and a first-quarter gross domestic product revision are due at 8:30 a.m. The Treasury will announce results of a $44 billion 7-year note auction at 1 p.m. \n</p>\n<p>\n     IBM <a href=\"https://laohu8.com/S/IBM\">$(IBM)$</a> announced the first sub-nanometer microchip. \n</p>\n<p>\n     Germany's <a href=\"https://laohu8.com/S/MKGAF\">Merck KGaA</a> said it's buying  life-science tool maker Bio-Techne <a href=\"https://laohu8.com/S/TECH\">$(TECH)$</a> for $11.3 billion, or $73 per share, in cash. \n</p>\n<p>\n     Passive income is the new American dream. \n</p>\n<p>\n     The chart \n</p>\n<p>\n     The chart shared by tech newsletter author and AI critic Ed Zitron is from SoftBank's recent annual shareholder meeting. The company portrays itself as the goose and its portfolio companies as eggs with a message that seems to be saying SoftBank is worth more than investors believe. Each egg is worth 1 trillion Japanese yen. \"So the things that you have to count is not only the number of golden eggs that you see now, but you have to look at potential eggs that the goose can lay in the future, that are data centers and everything.\" SoftBank CEO Masayoshi Son said, according to a FactSet transcript. \"You have to find the value of the goose because the goose has the capacity to keep laying eggs for 40 years.\" The Japanese investment group (JP:9984), which invests in OpenAI and controls U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. microprocessor designer Arm <a href=\"https://laohu8.com/S/ARM\">$(ARM)$</a>, is one of the country's biggest companies by market cap, with shares up 189% in one year. \n</p>\n<p>\n     Top tickers \n</p>\n<p>\n     These were the top-searched tickers on MarketWatch as of 6 a.m.: \n</p>\n<pre style=\"white-space: pre\">\n \nTicker  Security name \nMU      Micron \nSPCX    SpaceX \nNVDA    <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> \nTSLA    <a href=\"https://laohu8.com/S/TSLA\">Tesla</a> \nTSM     <a href=\"https://laohu8.com/S/TSMWF\">Taiwan Semiconductor Manufacturing</a> \n<a href=\"https://laohu8.com/S/AMD\">AMD</a>     Advanced Micro Devices \nMSFT    Microsoft \nINTC    Intel \n<a href=\"https://laohu8.com/S/GME\">GME</a>     GameStop \nSNDK    Sandisk \n</pre>\n<p>\n     Never mind the World Cup, when the World Stinging Nettles Eating Championship is on. \n</p>\n<p>\n     -Barbara Kollmeyer \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 25, 2026 07:10 ET (11:10 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here are Five Themes Wall Street Left Behind While Chasing a Single Trade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere are Five Themes Wall Street Left Behind While Chasing a Single Trade\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-25 19:10</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Research firm Citrini sees airlines, assisted living and other sectors as overlooked \n</p>\n<p>\n     International World Cup fans have been falling in love with America. Citrini says that's a boost for beleaguered airlines. \n</p>\n<p>\n     If the recent tech selloff dented some confidence around the artificial intelligence trade, Micron Technology may have just restored it, with futures pointing to a powerful tech rally after blowout results from the memory maker. \n</p>\n<p>\n     However, our call of the day from Citrini Research, says with nearly all investor attention focused on the AI trade for the past few years, it's looking crowded to say the least. \n</p>\n<p>\n     \"We think the risk of 'AI exhaustion' is high and it's probable that we will see some degree of rotation into things that people have seemingly stopped caring about,\" said Citrini, the author of a viral AI Doomsday report earlier this year. \n</p>\n<p>\n     In a report that published Wednesday, Citrini revisits a few \"small themes\" that aren't big or market-disrupting, but \"below-the-radar narratives in less popular sectors that can surprise.\" \n</p>\n<p>\n     First up is airlines, which the firm expects to benefit from capacity constraints as well as renewed travel interest in the wake of World Cup fans posting love stories about America on social media.  Citrini  says as oil prices normalize \"we think tourism to the U.S. will see a sustained uplift,\" and spark airlines to start cycling higher. \n</p>\n<p>\n     The second theme is senior living as the oldest baby boomers hit 80 this year. Occupancy in senior housing hit 89.5% in the first quarter, the 19th consecutive quarterly increase, while supply collapsed. The incremental dollars from rising occupancy are \"crazy high margin significant.\" On the shopping list: REITs and operators like Welltower <a href=\"https://laohu8.com/S/WELL\">$(WELL)$</a>, <a href=\"https://laohu8.com/S/BKDT\">Brookdale Senior Living</a>  <a href=\"https://laohu8.com/S/BKD\">$(BKD)$</a> and <a href=\"https://laohu8.com/S/JAN\">Janus Living</a> (JAN). While those have performed well recently, they're still playing catch-up from years of underperformance. \n</p>\n<p>\n     Live events is also on the radar for Citrini as \"physical presence became a luxury good,\" over the past few years. \"Sports franchises, and to a greater extent - all IRL [in real life] events - are benefiting from a desire to be present. With that comes an increased opportunity to monetize through attendance, premiumization, and promotion,\" said the researchers. \n</p>\n<p>\n     Live Nation <a href=\"https://laohu8.com/S/LYV\">$(LYV)$</a>, TKO Group <a href=\"https://laohu8.com/S/TKO\">$(TKO)$</a>, Atlanta Braves <a href=\"https://laohu8.com/S/BATRK\">$(BATRK)$</a>, Madison <a href=\"https://laohu8.com/S/XYZ\">Square</a> Garden <a href=\"https://laohu8.com/S/MSGS\">$(MSGS)$</a> and Formula One <a href=\"https://laohu8.com/S/FWONK\">$(FWONK)$</a> and even Imax <a href=\"https://laohu8.com/S/IMAX\">$(IMAX)$</a>- \"the future of moviegoing\" - are among their top picks. \n</p>\n<p>\n     Financial exchanges are another overlooked theme, as Citrini sees \"CME's monopoly coming to an end\" due to a landmark shift in March 2026 when S&amp;P Dow Jones Indices licensed the a 24/7 equity-index perpetual. They suggest investors short incumbent players like CME <a href=\"https://laohu8.com/S/CME\">$(CME)$</a>, CBOE <a href=\"https://laohu8.com/S/CBOE\">$(CBOE)$</a> and ICE <a href=\"https://laohu8.com/S/ICE\">$(ICE)$</a>, and buy adopters chipping directly at that monopoly - <a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> (HOOD) and <a href=\"https://laohu8.com/S/COIN\">Coinbase</a> (COIN), along with index-license toll takers such as S&amp;P Global <a href=\"https://laohu8.com/S/SPGI\">$(SPGI)$</a>. \n</p>\n<p>\n     The final theme is buy-now-pay-later companies, unloved and branded by some as \"the next domino to fall,\" alongside private credit. Citrini pushed back, flagging a \"fundamental misunderstanding of the business model.\" Under U.S. GAAP accounting, these lenders must make upfront provisions for credit losses and revenue recognition happens over the life of the loan.  Citrini suggests looking at Klarna <a href=\"https://laohu8.com/S/KLAR\">$(KLAR)$</a>, <a href=\"https://laohu8.com/S/SZL.AU\">Sezzle</a> <a href=\"https://laohu8.com/S/SEZL\">$(SEZL)$</a>and <a href=\"https://laohu8.com/S/AFRM\">Affirm</a> (AFRM). \n</p>\n<p>\n     The markets \n</p>\n<p>\n     U.S. stock futures (ES00) (YM00) (NQ00) are higher, led by tech, and oil prices (CL.1) (BRN00) are dropping. Stocks in Japan JP:NIK and Korea KR:180721 surged. \n</p>\n<pre style=\"white-space: pre\">\n \nKey asset performance                                                Last       5d      1m       YTD     1y \nS&amp;P 500                                                              7358.22    -0.83%  -2.16%   7.49%   20.78% \nNasdaq Composite                                                     25,476.64  -2.09%  -4.49%   9.61%   27.55% \n10-year Treasury                                                     4.413      -4.70   -3.50    24.10   17.40 \nGold                                                                 4004.9     -5.27%  -11.54%  -7.56%  19.85% \nOil                                                                  69.49      -7.98%  -21.51%  21.04%  6.55% \nData: MarketWatch. Treasury yields change expressed in basis points \n</pre>\n<p>\n     The buzz \n</p>\n<p>\n     Driving those tech gains is Micron stock <a href=\"https://laohu8.com/S/MU\">$(MU)$</a>, poised for its best post-earnings performance ever after the memory-chip maker reported blowout profit and revenue growth. \n</p>\n<p>\n     Qualcomm <a href=\"https://laohu8.com/S/QCOM\">$(QCOM)$</a> at its investor day quantified its planned diversification from its handset business. \n</p>\n<p>\n     Personal consumption expenditure price index data for May, weekly jobless claims, durable-goods orders and a first-quarter gross domestic product revision are due at 8:30 a.m. The Treasury will announce results of a $44 billion 7-year note auction at 1 p.m. \n</p>\n<p>\n     IBM <a href=\"https://laohu8.com/S/IBM\">$(IBM)$</a> announced the first sub-nanometer microchip. \n</p>\n<p>\n     Germany's <a href=\"https://laohu8.com/S/MKGAF\">Merck KGaA</a> said it's buying  life-science tool maker Bio-Techne <a href=\"https://laohu8.com/S/TECH\">$(TECH)$</a> for $11.3 billion, or $73 per share, in cash. \n</p>\n<p>\n     Passive income is the new American dream. \n</p>\n<p>\n     The chart \n</p>\n<p>\n     The chart shared by tech newsletter author and AI critic Ed Zitron is from SoftBank's recent annual shareholder meeting. The company portrays itself as the goose and its portfolio companies as eggs with a message that seems to be saying SoftBank is worth more than investors believe. Each egg is worth 1 trillion Japanese yen. \"So the things that you have to count is not only the number of golden eggs that you see now, but you have to look at potential eggs that the goose can lay in the future, that are data centers and everything.\" SoftBank CEO Masayoshi Son said, according to a FactSet transcript. \"You have to find the value of the goose because the goose has the capacity to keep laying eggs for 40 years.\" The Japanese investment group (JP:9984), which invests in OpenAI and controls U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. microprocessor designer Arm <a href=\"https://laohu8.com/S/ARM\">$(ARM)$</a>, is one of the country's biggest companies by market cap, with shares up 189% in one year. \n</p>\n<p>\n     Top tickers \n</p>\n<p>\n     These were the top-searched tickers on MarketWatch as of 6 a.m.: \n</p>\n<pre style=\"white-space: pre\">\n \nTicker  Security name \nMU      Micron \nSPCX    SpaceX \nNVDA    <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> \nTSLA    <a href=\"https://laohu8.com/S/TSLA\">Tesla</a> \nTSM     <a href=\"https://laohu8.com/S/TSMWF\">Taiwan Semiconductor Manufacturing</a> \n<a href=\"https://laohu8.com/S/AMD\">AMD</a>     Advanced Micro Devices \nMSFT    Microsoft \nINTC    Intel \n<a href=\"https://laohu8.com/S/GME\">GME</a>     GameStop \nSNDK    Sandisk \n</pre>\n<p>\n     Never mind the World Cup, when the World Stinging Nettles Eating Championship is on. \n</p>\n<p>\n     -Barbara Kollmeyer \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 25, 2026 07:10 ET (11:10 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QCML":"2倍做多QCOM ETF-GraniteShares","FIAT":"做空COIN期权收益策略ETF-YieldMax","ICE":"洲际交易所","MSGS":"麦迪逊运动","COIO":"2倍上限加速COIN ETF-Leverage Shares","ARM":"ARM Holdings","QCMU":"2倍做多QCOM ETF-Direxion","HOOD":"Robinhood","MUU":"2倍做多MU ETF-Direxion","CME":"芝加哥商品交易所","LYV":"Live Nation Entertainment","KLAR":"Klarna Group plc","AFRM":"Affirm Holdings, Inc.","HOOG":"2倍做多HOOD ETF- Leverage Shares","SPGI":"标普全球","CONI":"2倍做空COIN ETF-GraniteShares","TECH":"Bio-Techne","IMAX":"Imax Corp","COYY":"GRANITESHARES YIELDBOOST COIN ETF","HOOI":"Defiance Leveraged Long + Income HOOD ETF","AFRU":"T-Rex 2X Long AFRM Daily Target ETF","CONL":"2倍做多COIN ETF-GraniteShares","BKD":"布鲁克代尔高级护理","HOOW":"Roundhill HOOD WeeklyPay™ ETF","CONX":"Direxion Daily COIN Bull 2X ETF","COIN":"Coinbase Global, Inc.","HOOX":"2倍做多HOOD ETF-Defiance","COIG":"2倍做多COIN ETF- Leverage Shares","ROBN":"2倍做多HOOD ETF-T-REX","CONY":"COIN期权收益策略ETF-YieldMax","ICOI":"Bitwise COIN Option Income Strategy ETF","MU":"美光科技","HOOY":"HOOD期权收益策略ETF-YieldMax","MULL":"2倍做多MU ETF-GraniteShares","WELL":"WELLTOWER OP LLC","ARMG":"2倍做多ARM ETF- Leverage Shares","QCOM":"高通","JAN":"Janus Living","IBM":"IBM","HODU":"Direxion Daily HOOD Bull 2X ETF","FWONK":"Liberty Media Corporation Series C","HOYY":"GraniteShares YieldBOOST HOOD ETF","HOII":"REX HOOD Growth & Income ETF","ARMU":"2倍做多ARM ETF-T-REX","BATRK":"Atlanta Braves-C","TKO":"TKO Group Holdings","SEZL":"Sezzle Inc","QCMD":"1倍做空QCOM ETF-Direxion","CBOE":"芝加哥期权交易所","HOOZ":"2倍做空HOOD ETF-Defiance"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2646887267","content_text":"Research firm Citrini sees airlines, assisted living and other sectors as overlooked \n\n\n     International World Cup fans have been falling in love with America. Citrini says that's a boost for beleaguered airlines. \n\n\n     If the recent tech selloff dented some confidence around the artificial intelligence trade, Micron Technology may have just restored it, with futures pointing to a powerful tech rally after blowout results from the memory maker. \n\n\n     However, our call of the day from Citrini Research, says with nearly all investor attention focused on the AI trade for the past few years, it's looking crowded to say the least. \n\n\n     \"We think the risk of 'AI exhaustion' is high and it's probable that we will see some degree of rotation into things that people have seemingly stopped caring about,\" said Citrini, the author of a viral AI Doomsday report earlier this year. \n\n\n     In a report that published Wednesday, Citrini revisits a few \"small themes\" that aren't big or market-disrupting, but \"below-the-radar narratives in less popular sectors that can surprise.\" \n\n\n     First up is airlines, which the firm expects to benefit from capacity constraints as well as renewed travel interest in the wake of World Cup fans posting love stories about America on social media.  Citrini  says as oil prices normalize \"we think tourism to the U.S. will see a sustained uplift,\" and spark airlines to start cycling higher. \n\n\n     The second theme is senior living as the oldest baby boomers hit 80 this year. Occupancy in senior housing hit 89.5% in the first quarter, the 19th consecutive quarterly increase, while supply collapsed. The incremental dollars from rising occupancy are \"crazy high margin significant.\" On the shopping list: REITs and operators like Welltower $(WELL)$, Brookdale Senior Living $(BKD)$ and Janus Living (JAN). While those have performed well recently, they're still playing catch-up from years of underperformance. \n\n\n     Live events is also on the radar for Citrini as \"physical presence became a luxury good,\" over the past few years. \"Sports franchises, and to a greater extent - all IRL [in real life] events - are benefiting from a desire to be present. With that comes an increased opportunity to monetize through attendance, premiumization, and promotion,\" said the researchers. \n\n\n     Live Nation $(LYV)$, TKO Group $(TKO)$, Atlanta Braves $(BATRK)$, Madison Square Garden $(MSGS)$ and Formula One $(FWONK)$ and even Imax $(IMAX)$- \"the future of moviegoing\" - are among their top picks. \n\n\n     Financial exchanges are another overlooked theme, as Citrini sees \"CME's monopoly coming to an end\" due to a landmark shift in March 2026 when S&P Dow Jones Indices licensed the a 24/7 equity-index perpetual. They suggest investors short incumbent players like CME $(CME)$, CBOE $(CBOE)$ and ICE $(ICE)$, and buy adopters chipping directly at that monopoly - Robinhood (HOOD) and Coinbase (COIN), along with index-license toll takers such as S&P Global $(SPGI)$. \n\n\n     The final theme is buy-now-pay-later companies, unloved and branded by some as \"the next domino to fall,\" alongside private credit. Citrini pushed back, flagging a \"fundamental misunderstanding of the business model.\" Under U.S. GAAP accounting, these lenders must make upfront provisions for credit losses and revenue recognition happens over the life of the loan.  Citrini suggests looking at Klarna $(KLAR)$, Sezzle $(SEZL)$and Affirm (AFRM). \n\n\n     The markets \n\n\n     U.S. stock futures (ES00) (YM00) (NQ00) are higher, led by tech, and oil prices (CL.1) (BRN00) are dropping. Stocks in Japan JP:NIK and Korea KR:180721 surged. \n\n\n \nKey asset performance                                                Last       5d      1m       YTD     1y \nS&P 500                                                              7358.22    -0.83%  -2.16%   7.49%   20.78% \nNasdaq Composite                                                     25,476.64  -2.09%  -4.49%   9.61%   27.55% \n10-year Treasury                                                     4.413      -4.70   -3.50    24.10   17.40 \nGold                                                                 4004.9     -5.27%  -11.54%  -7.56%  19.85% \nOil                                                                  69.49      -7.98%  -21.51%  21.04%  6.55% \nData: MarketWatch. Treasury yields change expressed in basis points \n\n\n     The buzz \n\n\n     Driving those tech gains is Micron stock $(MU)$, poised for its best post-earnings performance ever after the memory-chip maker reported blowout profit and revenue growth. \n\n\n     Qualcomm $(QCOM)$ at its investor day quantified its planned diversification from its handset business. \n\n\n     Personal consumption expenditure price index data for May, weekly jobless claims, durable-goods orders and a first-quarter gross domestic product revision are due at 8:30 a.m. The Treasury will announce results of a $44 billion 7-year note auction at 1 p.m. \n\n\n     IBM $(IBM)$ announced the first sub-nanometer microchip. \n\n\n     Germany's Merck KGaA said it's buying  life-science tool maker Bio-Techne $(TECH)$ for $11.3 billion, or $73 per share, in cash. \n\n\n     Passive income is the new American dream. \n\n\n     The chart \n\n\n     The chart shared by tech newsletter author and AI critic Ed Zitron is from SoftBank's recent annual shareholder meeting. The company portrays itself as the goose and its portfolio companies as eggs with a message that seems to be saying SoftBank is worth more than investors believe. Each egg is worth 1 trillion Japanese yen. \"So the things that you have to count is not only the number of golden eggs that you see now, but you have to look at potential eggs that the goose can lay in the future, that are data centers and everything.\" SoftBank CEO Masayoshi Son said, according to a FactSet transcript. \"You have to find the value of the goose because the goose has the capacity to keep laying eggs for 40 years.\" The Japanese investment group (JP:9984), which invests in OpenAI and controls U.K. microprocessor designer Arm $(ARM)$, is one of the country's biggest companies by market cap, with shares up 189% in one year. \n\n\n     Top tickers \n\n\n     These were the top-searched tickers on MarketWatch as of 6 a.m.: \n\n\n \nTicker  Security name \nMU      Micron \nSPCX    SpaceX \nNVDA    Nvidia \nTSLA    Tesla \nTSM     Taiwan Semiconductor Manufacturing \nAMD     Advanced Micro Devices \nMSFT    Microsoft \nINTC    Intel \nGME     GameStop \nSNDK    Sandisk \n\n\n     Never mind the World Cup, when the World Stinging Nettles Eating Championship is on. \n\n\n     -Barbara Kollmeyer \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 25, 2026 07:10 ET (11:10 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"QCMU":0.6,"MU":1,"AFRM":1,"ICOI":0.6,"QCMD":0.6,"SPGI":1,"TKO":1,"CBOE":1,"ARMG":0.6,"HOOW":0.6,"ARMU":0.6,"ROBN":0.6,"IMAX":1,"COYY":0.6,"TECH":1,"HOOI":0.6,"CONX":0.6,"WELL":1,"KLAR":1,"COIN":1,"HOOG":0.6,"HOYY":0.6,"HOOZ":0.6,"QCML":0.6,"QCOM":1,"HOII":0.6,"HOOD":1,"FIAT":0.6,"HOOX":0.6,"COIO":0.6,"CONL":0.6,"JAN":1,"IBM":1,"MUU":0.6,"AFRU":0.6,"SEZL":1,"ARM":1,"ICE":1,"HODU":0.6,"FWONK":1,"CONI":0.6,"CONY":0.6,"BKD":1,"HOOY":0.6,"MULL":0.6,"LYV":1,"MSGS":1,"BATRK":1,"COIG":0.6,"CME":1}},"isVote":1,"tweetType":1,"viewCount":532,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":579385400975448,"gmtCreate":1782481603407,"gmtModify":1782481604818,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4170531311945842","idStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/579385400975448","repostId":"1148154928","repostType":2,"repost":{"id":"1148154928","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1782462700,"share":"https://ttm.financial/m/news/1148154928?lang=en_US&edition=fundamental","pubTime":"2026-06-26 16:31","market":"us","language":"en","title":"Apple's Price Hike: The Trigger for an AI Storage Bubble Burst?","url":"https://stock-news.laohu8.com/highlight/detail?id=1148154928","media":"Deep News","summary":"On June 26th, South Korea's KOSPI index plunged over 8%, triggering a 20-minute trading halt—its fifth suspension this year and third this week.The catalyst was not a new regulatory crackdown or a...","content":"<html><head></head><body><p>On June 26th, South Korea&#39;s KOSPI index plunged over 8%, triggering a 20-minute trading halt—its fifth suspension this year and third this week.<br/><br/>The catalyst was not a new regulatory crackdown or a leverage blow-up, but a seemingly unrelated piece of news: <b>Apple</b> has raised prices across its product line.<br/><br/>On June 25th, <b>Apple</b> announced price increases for MacBook, iPad, HomePod, Apple TV, and Vision Pro products, with hikes ranging from $50 to $300. The official statement was a single sentence that spoke volumes: &#34;We have never seen component prices rise this fast, this aggressively.&#34;<br/><br/>When <b>Apple</b>, the world&#39;s largest consumer electronics buyer with the most powerful supply chain bargaining power, can no longer shoulder rising storage costs, the market finally realized: the AI-driven storage chip inflation has shifted from a &#34;supply-side party&#34; to a &#34;demand-side poison.&#34;<br/><br/>\n<b>What Apple&#39;s Struggle Signifies</b><br/><br/>This price increase from <b>Apple</b> is a signal of a quantitative change turning qualitative.<br/><br/>Specifically: the MacBook Air 512GB rose from $1,099 to $1,299; the MacBook Pro 1TB rose from $1,699 to $1,999; the iPad Air 128GB rose from $599 to $749. Even the MacBook Neo, which debuted earlier this year at a low $599 to compete with Windows and Chromebooks, was pulled back to $699—erasing its price advantage over the Dell XPS 13.<br/><br/>CEO Tim Cook had already telegraphed this in the late April earnings call: &#34;We expect storage costs to increase significantly... As we move into the June quarter, storage costs will have an increasingly larger impact on our business.&#34; He was more blunt in an interview last week, calling the price hikes &#34;inevitable.&#34;<br/><br/>But the market clearly didn&#39;t fully digest this warning. It wasn&#39;t until the announcement landed that <b>Apple</b>&#39;s stock plummeted 6.1% that day, its biggest single-day drop in over a year. <b>Dell</b>&#39;s stock also plunged over 8% in sync.<br/><br/>A comment from IDC&#39;s senior research director, Nabila Popal, hit the nail on the head: &#34;The iPhone is not immune; a price increase is only a matter of time. <b>Apple</b>&#39;s strategy of announcing price hikes for other products before the fall iPhone launch event is brilliant—it shifts the launch focus from &#39;price increase&#39; to &#39;new device value.&#39;&#34;<br/><br/>In other words, an iPhone price hike is a foregone conclusion. With over 200 million iPhones sold annually, it is the world&#39;s single largest consumer electronics storage consumer. Once iPhones get more expensive, the ripple effect will far exceed that of Macs and iPads.<br/><br/><b>Apple</b> is not the first to raise prices, nor will it be the last. The question is: if <b>Apple</b> is raising prices, who can avoid it? And what comes after the hikes?<br/><br/>\n<b>RAMageddon: A Storage Inflation Fed by AI</b><br/><br/>Why is <b>Apple</b> being forced to raise prices? The data itself tells the story.<br/><br/>According to TrendForce, DRAM prices surged 98% in Q1 2026 and are projected to rise another 58% to 63% in Q2. Over the past six months, the DRAM price index has skyrocketed 72%. This wave of price increases has been dubbed &#34;RAMageddon&#34; in the industry—a storage chip inflation triggered by a frenzy of AI data center construction.<br/><br/>The underlying logic is straightforward: <b>NVIDIA</b>&#39;s GPUs require massive amounts of HBM (High Bandwidth Memory), with each H100 chip consuming 5 to 8 times the HBM capacity of a standard server. As AI data centers sprout up globally, memory manufacturers are prioritizing capacity allocation for their most lucrative AI chip customers—<b>NVIDIA</b>, <b>Google</b>, <b>Microsoft</b>—while consumer electronics manufacturers wait in line for their quota.<br/><br/><b>Micron Technology</b> is a prime example. The U.S. memory giant announced this past Wednesday that it has secured $22 billion in long-term supply agreements—from customers &#34;looking to secure their memory supply.&#34; In the same period, <b>Micron</b> reported record profits.<br/><br/>Memory manufacturers are raking in more profits, but downstream electronics makers are being squeezed.<br/><br/>PC makers like <b>Dell</b>, <b>HP</b>, and <b>Lenovo</b> face the same cost pressure. While <b>Apple</b> has some buffer due to its supply relationships—Cook explained in April that &#34;existing inventory helped us absorb gross margin pressure last quarter&#34;—even that inventory buffer is now insufficient.<br/><br/>More critically, this is not a simple short-term supply-demand mismatch. Based on the scale of AI data centers currently under construction and planned, the structural shift of memory capacity towards AI is unlikely to reverse before 2028. The &#34;chip scramble&#34; for consumer electronics will persist.<br/><br/>\n<b>The Trillion-Dollar Gamble: A Supply Tsunami is Coming</b><br/><br/>Facing unprecedented demand, memory giants are launching astronomical capacity expansions. But the problem lies precisely here—these investments are not easing anxiety; they are intensifying it.<br/><br/>First, consider <b>Samsung</b>. According to South Korean media reports, <b>Samsung</b> Electronics is preparing to announce a 10-year investment plan exceeding 1,000 trillion won (approximately $646 billion) to expand semiconductor manufacturing capacity and advanced technology infrastructure. The number is so large it takes a few seconds to comprehend—it&#39;s equivalent to one-third of South Korea&#39;s projected 2025 GDP.<br/><br/>Next, consider <b>SK Hynix</b>. On June 24, this memory giant, which recently surpassed <b>Samsung</b> to become South Korea&#39;s most valuable company, announced it will list via a Nasdaq ADR, aiming to raise 45.45 trillion won (about $29.4 billion). If priced as planned, this would be the second-largest equity offering in history—second only to <b>SpaceX</b>&#39;s $85.7 billion IPO this month, surpassing <b>Saudi Aramco</b> and <b>Alibaba</b>.<br/><br/><b>SK Hynix</b> disclosed that the proceeds would fund chip factory construction in South Korea and the procurement of ASML&#39;s extreme ultraviolet lithography machines. The ADR book-building is set to start on July 6, with trading commencing on Nasdaq on July 10.<br/><br/>These two investments are staggering in any context—they not only demonstrate how robust AI storage demand is, but also expose a market-ignored issue: supply is chasing demand at an unprecedented pace.<br/><br/>A hard rule of the semiconductor industry is the 2 to 3-year lag from groundbreaking to production. The trillion-won investments announced today mean a massive wave of memory capacity will hit the market in 2028-2029. If AI demand growth falls short of expectations, or if storage efficiency leaps due to technological breakthroughs, today&#39;s supply confidence could sow the seeds for tomorrow&#39;s oversupply.<br/><br/>The memory industry has historically been cyclical: boom, investment, glut, bust. <b>Samsung</b> has experienced at least five complete memory cycles since the 1980s. The hallmark event of each cycle&#39;s peak has been &#34;unprecedented investment scale.&#34;<br/><br/>\n<b>Cracks in Demand: Who&#39;s Paying for Expensive Chips?</b><br/><br/>On the other side of the supply frenzy, cracks are appearing in demand.<br/><br/>IDC&#39;s latest forecast is unsettling: the global smartphone market will see its largest-ever annual decline in 2026—close to 14%; the PC market will decline 11.3%. &#34;Rising memory costs are expected to put heavy pressure on device sales this year,&#34; IDC wrote in its report.<br/><br/>This isn&#39;t a supply shortage issue; it&#39;s consumers not buying because prices are too high. When a laptop costs $200 to $300 more due to storage costs, and a phone costs $100 to $150 more for the same reason—not all consumers will accept it.<br/><br/>Developments at <b>OpenAI</b> provide another warning signal. According to reports, <b>OpenAI</b> is considering delaying its planned IPO to 2027. While <b>OpenAI</b> cited reasons involving regulation and pricing environment, the market interprets this as another sign of an &#34;AI valuation bubble.&#34; If even <b>OpenAI</b> lacks confidence in the current market window, how can memory stocks, whose valuations have multiplied several times over, continue to enjoy their premium?<br/><br/>Then there&#39;s <b>Microsoft</b>. The Xbox has already seen its third price hike in 2026. When the world&#39;s largest software company starts passing storage costs onto its gamers, it shows every link in this supply chain is feeling the pain.<br/><br/>The key point is this: storage price hike → end-product price hike → consumers don&#39;t buy → sales decline → storage demand falls—this negative feedback loop is forming. Memory manufacturers are enjoying unprecedented pricing power today, but the flip side of pricing power is demand elasticity. Once a certain price threshold is crossed, demand can drop non-linearly.<br/><br/>The market currently only sees the first stage: &#34;short supply → price hike → record profits.&#34; The second stage—&#34;price hike → demand destruction → cycle reversal&#34;—may have just begun.<br/><br/>\n<b>Conclusion: From &#39;Is There Enough?&#39; to &#39;Is It Too Expensive?&#39;</b><br/><br/><b>Apple</b>&#39;s price hike announcement contains a telling phrase: &#34;We are working tirelessly to find solutions.&#34;<br/><br/>This &#34;solution&#34; could involve redesigning products to lower storage specifications, encouraging a shift of non-AI memory capacity back, or adopting more efficient memory architectures in next-generation devices. Regardless of the direction, they all point to the same conclusion: device manufacturers will not sit idle waiting for memory prices to fall on their own. They will actively seek alternatives, and these alternatives will ultimately reduce demand for memory chips.<br/><br/>For memory giants, <b>Apple</b>&#39;s price hike is a double-edged signal. In the short term, it validates the scarcity value of memory chips—even <b>Apple</b> has yielded. In the long term, it signifies the world&#39;s largest buyer has begun seeking &#34;decoupling.&#34; History has repeatedly shown that when customers start looking for alternatives, the supply chain&#39;s pricing power has already begun to weaken.<br/><br/>On July 10, <b>SK Hynix</b> will ring the bell on Nasdaq. If all goes well, it will be a pinnacle moment for South Korean memory chips—simultaneously holding the titles of the world&#39;s largest market cap, highest profits, and the largest overseas fundraising in history.<br/><br/>But peak moments can also be inflection points.<br/><br/>When <b>Samsung</b>&#39;s trillion-won investment, <b>SK Hynix</b>&#39;s $29.4 billion fundraising, and <b>Apple</b>&#39;s across-the-board price hikes appear together, this picture is not telling a fairy tale of &#34;AI that never sleeps.&#34; It is reminding everyone: in the semiconductor industry, the peak of prosperity is often closest to the turning point.<br/><br/>From &#34;Is there enough storage?&#34; to &#34;Is storage too expensive?&#34;—the market&#39;s narrative shift only required the distance of an <b>Apple</b> price hike.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple's Price Hike: The Trigger for an AI Storage Bubble Burst?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple's Price Hike: The Trigger for an AI Storage Bubble Burst?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-06-26 16:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>On June 26th, South Korea&#39;s KOSPI index plunged over 8%, triggering a 20-minute trading halt—its fifth suspension this year and third this week.<br/><br/>The catalyst was not a new regulatory crackdown or a leverage blow-up, but a seemingly unrelated piece of news: <b>Apple</b> has raised prices across its product line.<br/><br/>On June 25th, <b>Apple</b> announced price increases for MacBook, iPad, HomePod, Apple TV, and Vision Pro products, with hikes ranging from $50 to $300. The official statement was a single sentence that spoke volumes: &#34;We have never seen component prices rise this fast, this aggressively.&#34;<br/><br/>When <b>Apple</b>, the world&#39;s largest consumer electronics buyer with the most powerful supply chain bargaining power, can no longer shoulder rising storage costs, the market finally realized: the AI-driven storage chip inflation has shifted from a &#34;supply-side party&#34; to a &#34;demand-side poison.&#34;<br/><br/>\n<b>What Apple&#39;s Struggle Signifies</b><br/><br/>This price increase from <b>Apple</b> is a signal of a quantitative change turning qualitative.<br/><br/>Specifically: the MacBook Air 512GB rose from $1,099 to $1,299; the MacBook Pro 1TB rose from $1,699 to $1,999; the iPad Air 128GB rose from $599 to $749. Even the MacBook Neo, which debuted earlier this year at a low $599 to compete with Windows and Chromebooks, was pulled back to $699—erasing its price advantage over the Dell XPS 13.<br/><br/>CEO Tim Cook had already telegraphed this in the late April earnings call: &#34;We expect storage costs to increase significantly... As we move into the June quarter, storage costs will have an increasingly larger impact on our business.&#34; He was more blunt in an interview last week, calling the price hikes &#34;inevitable.&#34;<br/><br/>But the market clearly didn&#39;t fully digest this warning. It wasn&#39;t until the announcement landed that <b>Apple</b>&#39;s stock plummeted 6.1% that day, its biggest single-day drop in over a year. <b>Dell</b>&#39;s stock also plunged over 8% in sync.<br/><br/>A comment from IDC&#39;s senior research director, Nabila Popal, hit the nail on the head: &#34;The iPhone is not immune; a price increase is only a matter of time. <b>Apple</b>&#39;s strategy of announcing price hikes for other products before the fall iPhone launch event is brilliant—it shifts the launch focus from &#39;price increase&#39; to &#39;new device value.&#39;&#34;<br/><br/>In other words, an iPhone price hike is a foregone conclusion. With over 200 million iPhones sold annually, it is the world&#39;s single largest consumer electronics storage consumer. Once iPhones get more expensive, the ripple effect will far exceed that of Macs and iPads.<br/><br/><b>Apple</b> is not the first to raise prices, nor will it be the last. The question is: if <b>Apple</b> is raising prices, who can avoid it? And what comes after the hikes?<br/><br/>\n<b>RAMageddon: A Storage Inflation Fed by AI</b><br/><br/>Why is <b>Apple</b> being forced to raise prices? The data itself tells the story.<br/><br/>According to TrendForce, DRAM prices surged 98% in Q1 2026 and are projected to rise another 58% to 63% in Q2. Over the past six months, the DRAM price index has skyrocketed 72%. This wave of price increases has been dubbed &#34;RAMageddon&#34; in the industry—a storage chip inflation triggered by a frenzy of AI data center construction.<br/><br/>The underlying logic is straightforward: <b>NVIDIA</b>&#39;s GPUs require massive amounts of HBM (High Bandwidth Memory), with each H100 chip consuming 5 to 8 times the HBM capacity of a standard server. As AI data centers sprout up globally, memory manufacturers are prioritizing capacity allocation for their most lucrative AI chip customers—<b>NVIDIA</b>, <b>Google</b>, <b>Microsoft</b>—while consumer electronics manufacturers wait in line for their quota.<br/><br/><b>Micron Technology</b> is a prime example. The U.S. memory giant announced this past Wednesday that it has secured $22 billion in long-term supply agreements—from customers &#34;looking to secure their memory supply.&#34; In the same period, <b>Micron</b> reported record profits.<br/><br/>Memory manufacturers are raking in more profits, but downstream electronics makers are being squeezed.<br/><br/>PC makers like <b>Dell</b>, <b>HP</b>, and <b>Lenovo</b> face the same cost pressure. While <b>Apple</b> has some buffer due to its supply relationships—Cook explained in April that &#34;existing inventory helped us absorb gross margin pressure last quarter&#34;—even that inventory buffer is now insufficient.<br/><br/>More critically, this is not a simple short-term supply-demand mismatch. Based on the scale of AI data centers currently under construction and planned, the structural shift of memory capacity towards AI is unlikely to reverse before 2028. The &#34;chip scramble&#34; for consumer electronics will persist.<br/><br/>\n<b>The Trillion-Dollar Gamble: A Supply Tsunami is Coming</b><br/><br/>Facing unprecedented demand, memory giants are launching astronomical capacity expansions. But the problem lies precisely here—these investments are not easing anxiety; they are intensifying it.<br/><br/>First, consider <b>Samsung</b>. According to South Korean media reports, <b>Samsung</b> Electronics is preparing to announce a 10-year investment plan exceeding 1,000 trillion won (approximately $646 billion) to expand semiconductor manufacturing capacity and advanced technology infrastructure. The number is so large it takes a few seconds to comprehend—it&#39;s equivalent to one-third of South Korea&#39;s projected 2025 GDP.<br/><br/>Next, consider <b>SK Hynix</b>. On June 24, this memory giant, which recently surpassed <b>Samsung</b> to become South Korea&#39;s most valuable company, announced it will list via a Nasdaq ADR, aiming to raise 45.45 trillion won (about $29.4 billion). If priced as planned, this would be the second-largest equity offering in history—second only to <b>SpaceX</b>&#39;s $85.7 billion IPO this month, surpassing <b>Saudi Aramco</b> and <b>Alibaba</b>.<br/><br/><b>SK Hynix</b> disclosed that the proceeds would fund chip factory construction in South Korea and the procurement of ASML&#39;s extreme ultraviolet lithography machines. The ADR book-building is set to start on July 6, with trading commencing on Nasdaq on July 10.<br/><br/>These two investments are staggering in any context—they not only demonstrate how robust AI storage demand is, but also expose a market-ignored issue: supply is chasing demand at an unprecedented pace.<br/><br/>A hard rule of the semiconductor industry is the 2 to 3-year lag from groundbreaking to production. The trillion-won investments announced today mean a massive wave of memory capacity will hit the market in 2028-2029. If AI demand growth falls short of expectations, or if storage efficiency leaps due to technological breakthroughs, today&#39;s supply confidence could sow the seeds for tomorrow&#39;s oversupply.<br/><br/>The memory industry has historically been cyclical: boom, investment, glut, bust. <b>Samsung</b> has experienced at least five complete memory cycles since the 1980s. The hallmark event of each cycle&#39;s peak has been &#34;unprecedented investment scale.&#34;<br/><br/>\n<b>Cracks in Demand: Who&#39;s Paying for Expensive Chips?</b><br/><br/>On the other side of the supply frenzy, cracks are appearing in demand.<br/><br/>IDC&#39;s latest forecast is unsettling: the global smartphone market will see its largest-ever annual decline in 2026—close to 14%; the PC market will decline 11.3%. &#34;Rising memory costs are expected to put heavy pressure on device sales this year,&#34; IDC wrote in its report.<br/><br/>This isn&#39;t a supply shortage issue; it&#39;s consumers not buying because prices are too high. When a laptop costs $200 to $300 more due to storage costs, and a phone costs $100 to $150 more for the same reason—not all consumers will accept it.<br/><br/>Developments at <b>OpenAI</b> provide another warning signal. According to reports, <b>OpenAI</b> is considering delaying its planned IPO to 2027. While <b>OpenAI</b> cited reasons involving regulation and pricing environment, the market interprets this as another sign of an &#34;AI valuation bubble.&#34; If even <b>OpenAI</b> lacks confidence in the current market window, how can memory stocks, whose valuations have multiplied several times over, continue to enjoy their premium?<br/><br/>Then there&#39;s <b>Microsoft</b>. The Xbox has already seen its third price hike in 2026. When the world&#39;s largest software company starts passing storage costs onto its gamers, it shows every link in this supply chain is feeling the pain.<br/><br/>The key point is this: storage price hike → end-product price hike → consumers don&#39;t buy → sales decline → storage demand falls—this negative feedback loop is forming. Memory manufacturers are enjoying unprecedented pricing power today, but the flip side of pricing power is demand elasticity. Once a certain price threshold is crossed, demand can drop non-linearly.<br/><br/>The market currently only sees the first stage: &#34;short supply → price hike → record profits.&#34; The second stage—&#34;price hike → demand destruction → cycle reversal&#34;—may have just begun.<br/><br/>\n<b>Conclusion: From &#39;Is There Enough?&#39; to &#39;Is It Too Expensive?&#39;</b><br/><br/><b>Apple</b>&#39;s price hike announcement contains a telling phrase: &#34;We are working tirelessly to find solutions.&#34;<br/><br/>This &#34;solution&#34; could involve redesigning products to lower storage specifications, encouraging a shift of non-AI memory capacity back, or adopting more efficient memory architectures in next-generation devices. Regardless of the direction, they all point to the same conclusion: device manufacturers will not sit idle waiting for memory prices to fall on their own. They will actively seek alternatives, and these alternatives will ultimately reduce demand for memory chips.<br/><br/>For memory giants, <b>Apple</b>&#39;s price hike is a double-edged signal. In the short term, it validates the scarcity value of memory chips—even <b>Apple</b> has yielded. In the long term, it signifies the world&#39;s largest buyer has begun seeking &#34;decoupling.&#34; History has repeatedly shown that when customers start looking for alternatives, the supply chain&#39;s pricing power has already begun to weaken.<br/><br/>On July 10, <b>SK Hynix</b> will ring the bell on Nasdaq. If all goes well, it will be a pinnacle moment for South Korean memory chips—simultaneously holding the titles of the world&#39;s largest market cap, highest profits, and the largest overseas fundraising in history.<br/><br/>But peak moments can also be inflection points.<br/><br/>When <b>Samsung</b>&#39;s trillion-won investment, <b>SK Hynix</b>&#39;s $29.4 billion fundraising, and <b>Apple</b>&#39;s across-the-board price hikes appear together, this picture is not telling a fairy tale of &#34;AI that never sleeps.&#34; It is reminding everyone: in the semiconductor industry, the peak of prosperity is often closest to the turning point.<br/><br/>From &#34;Is there enough storage?&#34; to &#34;Is storage too expensive?&#34;—the market&#39;s narrative shift only required the distance of an <b>Apple</b> price hike.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU0949170426.SGD":"Blackrock Global Multi-Asset Income A6 SGD-H","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","BK4529":"IDC概念","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0784384876.USD":"Blackrock Global Multi-Asset Income A6 USD","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","LU0289960550.SGD":"AB FCP I - 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The official statement was a single sentence that spoke volumes: \"We have never seen component prices rise this fast, this aggressively.\"When Apple, the world's largest consumer electronics buyer with the most powerful supply chain bargaining power, can no longer shoulder rising storage costs, the market finally realized: the AI-driven storage chip inflation has shifted from a \"supply-side party\" to a \"demand-side poison.\"\nWhat Apple's Struggle SignifiesThis price increase from Apple is a signal of a quantitative change turning qualitative.Specifically: the MacBook Air 512GB rose from $1,099 to $1,299; the MacBook Pro 1TB rose from $1,699 to $1,999; the iPad Air 128GB rose from $599 to $749. Even the MacBook Neo, which debuted earlier this year at a low $599 to compete with Windows and Chromebooks, was pulled back to $699—erasing its price advantage over the Dell XPS 13.CEO Tim Cook had already telegraphed this in the late April earnings call: \"We expect storage costs to increase significantly... As we move into the June quarter, storage costs will have an increasingly larger impact on our business.\" He was more blunt in an interview last week, calling the price hikes \"inevitable.\"But the market clearly didn't fully digest this warning. It wasn't until the announcement landed that Apple's stock plummeted 6.1% that day, its biggest single-day drop in over a year. Dell's stock also plunged over 8% in sync.A comment from IDC's senior research director, Nabila Popal, hit the nail on the head: \"The iPhone is not immune; a price increase is only a matter of time. Apple's strategy of announcing price hikes for other products before the fall iPhone launch event is brilliant—it shifts the launch focus from 'price increase' to 'new device value.'\"In other words, an iPhone price hike is a foregone conclusion. With over 200 million iPhones sold annually, it is the world's single largest consumer electronics storage consumer. Once iPhones get more expensive, the ripple effect will far exceed that of Macs and iPads.Apple is not the first to raise prices, nor will it be the last. The question is: if Apple is raising prices, who can avoid it? And what comes after the hikes?\nRAMageddon: A Storage Inflation Fed by AIWhy is Apple being forced to raise prices? The data itself tells the story.According to TrendForce, DRAM prices surged 98% in Q1 2026 and are projected to rise another 58% to 63% in Q2. Over the past six months, the DRAM price index has skyrocketed 72%. This wave of price increases has been dubbed \"RAMageddon\" in the industry—a storage chip inflation triggered by a frenzy of AI data center construction.The underlying logic is straightforward: NVIDIA's GPUs require massive amounts of HBM (High Bandwidth Memory), with each H100 chip consuming 5 to 8 times the HBM capacity of a standard server. As AI data centers sprout up globally, memory manufacturers are prioritizing capacity allocation for their most lucrative AI chip customers—NVIDIA, Google, Microsoft—while consumer electronics manufacturers wait in line for their quota.Micron Technology is a prime example. The U.S. memory giant announced this past Wednesday that it has secured $22 billion in long-term supply agreements—from customers \"looking to secure their memory supply.\" In the same period, Micron reported record profits.Memory manufacturers are raking in more profits, but downstream electronics makers are being squeezed.PC makers like Dell, HP, and Lenovo face the same cost pressure. While Apple has some buffer due to its supply relationships—Cook explained in April that \"existing inventory helped us absorb gross margin pressure last quarter\"—even that inventory buffer is now insufficient.More critically, this is not a simple short-term supply-demand mismatch. Based on the scale of AI data centers currently under construction and planned, the structural shift of memory capacity towards AI is unlikely to reverse before 2028. The \"chip scramble\" for consumer electronics will persist.\nThe Trillion-Dollar Gamble: A Supply Tsunami is ComingFacing unprecedented demand, memory giants are launching astronomical capacity expansions. But the problem lies precisely here—these investments are not easing anxiety; they are intensifying it.First, consider Samsung. According to South Korean media reports, Samsung Electronics is preparing to announce a 10-year investment plan exceeding 1,000 trillion won (approximately $646 billion) to expand semiconductor manufacturing capacity and advanced technology infrastructure. The number is so large it takes a few seconds to comprehend—it's equivalent to one-third of South Korea's projected 2025 GDP.Next, consider SK Hynix. On June 24, this memory giant, which recently surpassed Samsung to become South Korea's most valuable company, announced it will list via a Nasdaq ADR, aiming to raise 45.45 trillion won (about $29.4 billion). If priced as planned, this would be the second-largest equity offering in history—second only to SpaceX's $85.7 billion IPO this month, surpassing Saudi Aramco and Alibaba.SK Hynix disclosed that the proceeds would fund chip factory construction in South Korea and the procurement of ASML's extreme ultraviolet lithography machines. The ADR book-building is set to start on July 6, with trading commencing on Nasdaq on July 10.These two investments are staggering in any context—they not only demonstrate how robust AI storage demand is, but also expose a market-ignored issue: supply is chasing demand at an unprecedented pace.A hard rule of the semiconductor industry is the 2 to 3-year lag from groundbreaking to production. The trillion-won investments announced today mean a massive wave of memory capacity will hit the market in 2028-2029. If AI demand growth falls short of expectations, or if storage efficiency leaps due to technological breakthroughs, today's supply confidence could sow the seeds for tomorrow's oversupply.The memory industry has historically been cyclical: boom, investment, glut, bust. Samsung has experienced at least five complete memory cycles since the 1980s. The hallmark event of each cycle's peak has been \"unprecedented investment scale.\"\nCracks in Demand: Who's Paying for Expensive Chips?On the other side of the supply frenzy, cracks are appearing in demand.IDC's latest forecast is unsettling: the global smartphone market will see its largest-ever annual decline in 2026—close to 14%; the PC market will decline 11.3%. \"Rising memory costs are expected to put heavy pressure on device sales this year,\" IDC wrote in its report.This isn't a supply shortage issue; it's consumers not buying because prices are too high. When a laptop costs $200 to $300 more due to storage costs, and a phone costs $100 to $150 more for the same reason—not all consumers will accept it.Developments at OpenAI provide another warning signal. According to reports, OpenAI is considering delaying its planned IPO to 2027. While OpenAI cited reasons involving regulation and pricing environment, the market interprets this as another sign of an \"AI valuation bubble.\" If even OpenAI lacks confidence in the current market window, how can memory stocks, whose valuations have multiplied several times over, continue to enjoy their premium?Then there's Microsoft. The Xbox has already seen its third price hike in 2026. When the world's largest software company starts passing storage costs onto its gamers, it shows every link in this supply chain is feeling the pain.The key point is this: storage price hike → end-product price hike → consumers don't buy → sales decline → storage demand falls—this negative feedback loop is forming. Memory manufacturers are enjoying unprecedented pricing power today, but the flip side of pricing power is demand elasticity. Once a certain price threshold is crossed, demand can drop non-linearly.The market currently only sees the first stage: \"short supply → price hike → record profits.\" The second stage—\"price hike → demand destruction → cycle reversal\"—may have just begun.\nConclusion: From 'Is There Enough?' to 'Is It Too Expensive?'Apple's price hike announcement contains a telling phrase: \"We are working tirelessly to find solutions.\"This \"solution\" could involve redesigning products to lower storage specifications, encouraging a shift of non-AI memory capacity back, or adopting more efficient memory architectures in next-generation devices. Regardless of the direction, they all point to the same conclusion: device manufacturers will not sit idle waiting for memory prices to fall on their own. They will actively seek alternatives, and these alternatives will ultimately reduce demand for memory chips.For memory giants, Apple's price hike is a double-edged signal. In the short term, it validates the scarcity value of memory chips—even Apple has yielded. In the long term, it signifies the world's largest buyer has begun seeking \"decoupling.\" History has repeatedly shown that when customers start looking for alternatives, the supply chain's pricing power has already begun to weaken.On July 10, SK Hynix will ring the bell on Nasdaq. If all goes well, it will be a pinnacle moment for South Korean memory chips—simultaneously holding the titles of the world's largest market cap, highest profits, and the largest overseas fundraising in history.But peak moments can also be inflection points.When Samsung's trillion-won investment, SK Hynix's $29.4 billion fundraising, and Apple's across-the-board price hikes appear together, this picture is not telling a fairy tale of \"AI that never sleeps.\" It is reminding everyone: in the semiconductor industry, the peak of prosperity is often closest to the turning point.From \"Is there enough storage?\" to \"Is storage too expensive?\"—the market's narrative shift only required the distance of an Apple price hike.","news_type":1,"symbols_score_info":{"NVDU":0.6,"SNDU":0.6,"07388":0.6,"NVDW":0.6,"NVDY":0.6,"APLY":0.6,"AAPB":0.6,"07788":0.6,"MU":2,"NVDL":0.6,"NVDB":0.6,"MULL":0.6,"NVD":0.6,"NVDA":2,"NVDG":0.6,"MUU":0.6,"NVDO":0.6,"NVDD":0.6,"NVYY":0.6,"AAPW":0.6,"NVII":0.6,"AAPU":0.6,"AAPD":0.6,"NVDQ":0.6,"DIPS":0.6,"MUD":0.6,"NVDX":0.6,"AAPY":0.6,"NVDS":0.6,"SNDK":2,"AAPL":2,"SNXX":0.6,"ANV":0.6,"AAPX":0.6}},"isVote":1,"tweetType":1,"viewCount":491,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":579384959246632,"gmtCreate":1782481591281,"gmtModify":1782481594089,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4170531311945842","idStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/579384959246632","repostId":"1148154928","repostType":2,"repost":{"id":"1148154928","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1782462700,"share":"https://ttm.financial/m/news/1148154928?lang=en_US&edition=fundamental","pubTime":"2026-06-26 16:31","market":"us","language":"en","title":"Apple's Price Hike: The Trigger for an AI Storage Bubble Burst?","url":"https://stock-news.laohu8.com/highlight/detail?id=1148154928","media":"Deep News","summary":"On June 26th, South Korea's KOSPI index plunged over 8%, triggering a 20-minute trading halt—its fifth suspension this year and third this week.The catalyst was not a new regulatory crackdown or a...","content":"<html><head></head><body><p>On June 26th, South Korea&#39;s KOSPI index plunged over 8%, triggering a 20-minute trading halt—its fifth suspension this year and third this week.<br/><br/>The catalyst was not a new regulatory crackdown or a leverage blow-up, but a seemingly unrelated piece of news: <b>Apple</b> has raised prices across its product line.<br/><br/>On June 25th, <b>Apple</b> announced price increases for MacBook, iPad, HomePod, Apple TV, and Vision Pro products, with hikes ranging from $50 to $300. The official statement was a single sentence that spoke volumes: &#34;We have never seen component prices rise this fast, this aggressively.&#34;<br/><br/>When <b>Apple</b>, the world&#39;s largest consumer electronics buyer with the most powerful supply chain bargaining power, can no longer shoulder rising storage costs, the market finally realized: the AI-driven storage chip inflation has shifted from a &#34;supply-side party&#34; to a &#34;demand-side poison.&#34;<br/><br/>\n<b>What Apple&#39;s Struggle Signifies</b><br/><br/>This price increase from <b>Apple</b> is a signal of a quantitative change turning qualitative.<br/><br/>Specifically: the MacBook Air 512GB rose from $1,099 to $1,299; the MacBook Pro 1TB rose from $1,699 to $1,999; the iPad Air 128GB rose from $599 to $749. Even the MacBook Neo, which debuted earlier this year at a low $599 to compete with Windows and Chromebooks, was pulled back to $699—erasing its price advantage over the Dell XPS 13.<br/><br/>CEO Tim Cook had already telegraphed this in the late April earnings call: &#34;We expect storage costs to increase significantly... As we move into the June quarter, storage costs will have an increasingly larger impact on our business.&#34; He was more blunt in an interview last week, calling the price hikes &#34;inevitable.&#34;<br/><br/>But the market clearly didn&#39;t fully digest this warning. It wasn&#39;t until the announcement landed that <b>Apple</b>&#39;s stock plummeted 6.1% that day, its biggest single-day drop in over a year. <b>Dell</b>&#39;s stock also plunged over 8% in sync.<br/><br/>A comment from IDC&#39;s senior research director, Nabila Popal, hit the nail on the head: &#34;The iPhone is not immune; a price increase is only a matter of time. <b>Apple</b>&#39;s strategy of announcing price hikes for other products before the fall iPhone launch event is brilliant—it shifts the launch focus from &#39;price increase&#39; to &#39;new device value.&#39;&#34;<br/><br/>In other words, an iPhone price hike is a foregone conclusion. With over 200 million iPhones sold annually, it is the world&#39;s single largest consumer electronics storage consumer. Once iPhones get more expensive, the ripple effect will far exceed that of Macs and iPads.<br/><br/><b>Apple</b> is not the first to raise prices, nor will it be the last. The question is: if <b>Apple</b> is raising prices, who can avoid it? And what comes after the hikes?<br/><br/>\n<b>RAMageddon: A Storage Inflation Fed by AI</b><br/><br/>Why is <b>Apple</b> being forced to raise prices? The data itself tells the story.<br/><br/>According to TrendForce, DRAM prices surged 98% in Q1 2026 and are projected to rise another 58% to 63% in Q2. Over the past six months, the DRAM price index has skyrocketed 72%. This wave of price increases has been dubbed &#34;RAMageddon&#34; in the industry—a storage chip inflation triggered by a frenzy of AI data center construction.<br/><br/>The underlying logic is straightforward: <b>NVIDIA</b>&#39;s GPUs require massive amounts of HBM (High Bandwidth Memory), with each H100 chip consuming 5 to 8 times the HBM capacity of a standard server. As AI data centers sprout up globally, memory manufacturers are prioritizing capacity allocation for their most lucrative AI chip customers—<b>NVIDIA</b>, <b>Google</b>, <b>Microsoft</b>—while consumer electronics manufacturers wait in line for their quota.<br/><br/><b>Micron Technology</b> is a prime example. The U.S. memory giant announced this past Wednesday that it has secured $22 billion in long-term supply agreements—from customers &#34;looking to secure their memory supply.&#34; In the same period, <b>Micron</b> reported record profits.<br/><br/>Memory manufacturers are raking in more profits, but downstream electronics makers are being squeezed.<br/><br/>PC makers like <b>Dell</b>, <b>HP</b>, and <b>Lenovo</b> face the same cost pressure. While <b>Apple</b> has some buffer due to its supply relationships—Cook explained in April that &#34;existing inventory helped us absorb gross margin pressure last quarter&#34;—even that inventory buffer is now insufficient.<br/><br/>More critically, this is not a simple short-term supply-demand mismatch. Based on the scale of AI data centers currently under construction and planned, the structural shift of memory capacity towards AI is unlikely to reverse before 2028. The &#34;chip scramble&#34; for consumer electronics will persist.<br/><br/>\n<b>The Trillion-Dollar Gamble: A Supply Tsunami is Coming</b><br/><br/>Facing unprecedented demand, memory giants are launching astronomical capacity expansions. But the problem lies precisely here—these investments are not easing anxiety; they are intensifying it.<br/><br/>First, consider <b>Samsung</b>. According to South Korean media reports, <b>Samsung</b> Electronics is preparing to announce a 10-year investment plan exceeding 1,000 trillion won (approximately $646 billion) to expand semiconductor manufacturing capacity and advanced technology infrastructure. The number is so large it takes a few seconds to comprehend—it&#39;s equivalent to one-third of South Korea&#39;s projected 2025 GDP.<br/><br/>Next, consider <b>SK Hynix</b>. On June 24, this memory giant, which recently surpassed <b>Samsung</b> to become South Korea&#39;s most valuable company, announced it will list via a Nasdaq ADR, aiming to raise 45.45 trillion won (about $29.4 billion). If priced as planned, this would be the second-largest equity offering in history—second only to <b>SpaceX</b>&#39;s $85.7 billion IPO this month, surpassing <b>Saudi Aramco</b> and <b>Alibaba</b>.<br/><br/><b>SK Hynix</b> disclosed that the proceeds would fund chip factory construction in South Korea and the procurement of ASML&#39;s extreme ultraviolet lithography machines. The ADR book-building is set to start on July 6, with trading commencing on Nasdaq on July 10.<br/><br/>These two investments are staggering in any context—they not only demonstrate how robust AI storage demand is, but also expose a market-ignored issue: supply is chasing demand at an unprecedented pace.<br/><br/>A hard rule of the semiconductor industry is the 2 to 3-year lag from groundbreaking to production. The trillion-won investments announced today mean a massive wave of memory capacity will hit the market in 2028-2029. If AI demand growth falls short of expectations, or if storage efficiency leaps due to technological breakthroughs, today&#39;s supply confidence could sow the seeds for tomorrow&#39;s oversupply.<br/><br/>The memory industry has historically been cyclical: boom, investment, glut, bust. <b>Samsung</b> has experienced at least five complete memory cycles since the 1980s. The hallmark event of each cycle&#39;s peak has been &#34;unprecedented investment scale.&#34;<br/><br/>\n<b>Cracks in Demand: Who&#39;s Paying for Expensive Chips?</b><br/><br/>On the other side of the supply frenzy, cracks are appearing in demand.<br/><br/>IDC&#39;s latest forecast is unsettling: the global smartphone market will see its largest-ever annual decline in 2026—close to 14%; the PC market will decline 11.3%. &#34;Rising memory costs are expected to put heavy pressure on device sales this year,&#34; IDC wrote in its report.<br/><br/>This isn&#39;t a supply shortage issue; it&#39;s consumers not buying because prices are too high. When a laptop costs $200 to $300 more due to storage costs, and a phone costs $100 to $150 more for the same reason—not all consumers will accept it.<br/><br/>Developments at <b>OpenAI</b> provide another warning signal. According to reports, <b>OpenAI</b> is considering delaying its planned IPO to 2027. While <b>OpenAI</b> cited reasons involving regulation and pricing environment, the market interprets this as another sign of an &#34;AI valuation bubble.&#34; If even <b>OpenAI</b> lacks confidence in the current market window, how can memory stocks, whose valuations have multiplied several times over, continue to enjoy their premium?<br/><br/>Then there&#39;s <b>Microsoft</b>. The Xbox has already seen its third price hike in 2026. When the world&#39;s largest software company starts passing storage costs onto its gamers, it shows every link in this supply chain is feeling the pain.<br/><br/>The key point is this: storage price hike → end-product price hike → consumers don&#39;t buy → sales decline → storage demand falls—this negative feedback loop is forming. Memory manufacturers are enjoying unprecedented pricing power today, but the flip side of pricing power is demand elasticity. Once a certain price threshold is crossed, demand can drop non-linearly.<br/><br/>The market currently only sees the first stage: &#34;short supply → price hike → record profits.&#34; The second stage—&#34;price hike → demand destruction → cycle reversal&#34;—may have just begun.<br/><br/>\n<b>Conclusion: From &#39;Is There Enough?&#39; to &#39;Is It Too Expensive?&#39;</b><br/><br/><b>Apple</b>&#39;s price hike announcement contains a telling phrase: &#34;We are working tirelessly to find solutions.&#34;<br/><br/>This &#34;solution&#34; could involve redesigning products to lower storage specifications, encouraging a shift of non-AI memory capacity back, or adopting more efficient memory architectures in next-generation devices. Regardless of the direction, they all point to the same conclusion: device manufacturers will not sit idle waiting for memory prices to fall on their own. They will actively seek alternatives, and these alternatives will ultimately reduce demand for memory chips.<br/><br/>For memory giants, <b>Apple</b>&#39;s price hike is a double-edged signal. In the short term, it validates the scarcity value of memory chips—even <b>Apple</b> has yielded. In the long term, it signifies the world&#39;s largest buyer has begun seeking &#34;decoupling.&#34; History has repeatedly shown that when customers start looking for alternatives, the supply chain&#39;s pricing power has already begun to weaken.<br/><br/>On July 10, <b>SK Hynix</b> will ring the bell on Nasdaq. If all goes well, it will be a pinnacle moment for South Korean memory chips—simultaneously holding the titles of the world&#39;s largest market cap, highest profits, and the largest overseas fundraising in history.<br/><br/>But peak moments can also be inflection points.<br/><br/>When <b>Samsung</b>&#39;s trillion-won investment, <b>SK Hynix</b>&#39;s $29.4 billion fundraising, and <b>Apple</b>&#39;s across-the-board price hikes appear together, this picture is not telling a fairy tale of &#34;AI that never sleeps.&#34; It is reminding everyone: in the semiconductor industry, the peak of prosperity is often closest to the turning point.<br/><br/>From &#34;Is there enough storage?&#34; to &#34;Is storage too expensive?&#34;—the market&#39;s narrative shift only required the distance of an <b>Apple</b> price hike.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple's Price Hike: The Trigger for an AI Storage Bubble Burst?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple's Price Hike: The Trigger for an AI Storage Bubble Burst?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-06-26 16:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>On June 26th, South Korea&#39;s KOSPI index plunged over 8%, triggering a 20-minute trading halt—its fifth suspension this year and third this week.<br/><br/>The catalyst was not a new regulatory crackdown or a leverage blow-up, but a seemingly unrelated piece of news: <b>Apple</b> has raised prices across its product line.<br/><br/>On June 25th, <b>Apple</b> announced price increases for MacBook, iPad, HomePod, Apple TV, and Vision Pro products, with hikes ranging from $50 to $300. The official statement was a single sentence that spoke volumes: &#34;We have never seen component prices rise this fast, this aggressively.&#34;<br/><br/>When <b>Apple</b>, the world&#39;s largest consumer electronics buyer with the most powerful supply chain bargaining power, can no longer shoulder rising storage costs, the market finally realized: the AI-driven storage chip inflation has shifted from a &#34;supply-side party&#34; to a &#34;demand-side poison.&#34;<br/><br/>\n<b>What Apple&#39;s Struggle Signifies</b><br/><br/>This price increase from <b>Apple</b> is a signal of a quantitative change turning qualitative.<br/><br/>Specifically: the MacBook Air 512GB rose from $1,099 to $1,299; the MacBook Pro 1TB rose from $1,699 to $1,999; the iPad Air 128GB rose from $599 to $749. Even the MacBook Neo, which debuted earlier this year at a low $599 to compete with Windows and Chromebooks, was pulled back to $699—erasing its price advantage over the Dell XPS 13.<br/><br/>CEO Tim Cook had already telegraphed this in the late April earnings call: &#34;We expect storage costs to increase significantly... As we move into the June quarter, storage costs will have an increasingly larger impact on our business.&#34; He was more blunt in an interview last week, calling the price hikes &#34;inevitable.&#34;<br/><br/>But the market clearly didn&#39;t fully digest this warning. It wasn&#39;t until the announcement landed that <b>Apple</b>&#39;s stock plummeted 6.1% that day, its biggest single-day drop in over a year. <b>Dell</b>&#39;s stock also plunged over 8% in sync.<br/><br/>A comment from IDC&#39;s senior research director, Nabila Popal, hit the nail on the head: &#34;The iPhone is not immune; a price increase is only a matter of time. <b>Apple</b>&#39;s strategy of announcing price hikes for other products before the fall iPhone launch event is brilliant—it shifts the launch focus from &#39;price increase&#39; to &#39;new device value.&#39;&#34;<br/><br/>In other words, an iPhone price hike is a foregone conclusion. With over 200 million iPhones sold annually, it is the world&#39;s single largest consumer electronics storage consumer. Once iPhones get more expensive, the ripple effect will far exceed that of Macs and iPads.<br/><br/><b>Apple</b> is not the first to raise prices, nor will it be the last. The question is: if <b>Apple</b> is raising prices, who can avoid it? And what comes after the hikes?<br/><br/>\n<b>RAMageddon: A Storage Inflation Fed by AI</b><br/><br/>Why is <b>Apple</b> being forced to raise prices? The data itself tells the story.<br/><br/>According to TrendForce, DRAM prices surged 98% in Q1 2026 and are projected to rise another 58% to 63% in Q2. Over the past six months, the DRAM price index has skyrocketed 72%. This wave of price increases has been dubbed &#34;RAMageddon&#34; in the industry—a storage chip inflation triggered by a frenzy of AI data center construction.<br/><br/>The underlying logic is straightforward: <b>NVIDIA</b>&#39;s GPUs require massive amounts of HBM (High Bandwidth Memory), with each H100 chip consuming 5 to 8 times the HBM capacity of a standard server. As AI data centers sprout up globally, memory manufacturers are prioritizing capacity allocation for their most lucrative AI chip customers—<b>NVIDIA</b>, <b>Google</b>, <b>Microsoft</b>—while consumer electronics manufacturers wait in line for their quota.<br/><br/><b>Micron Technology</b> is a prime example. The U.S. memory giant announced this past Wednesday that it has secured $22 billion in long-term supply agreements—from customers &#34;looking to secure their memory supply.&#34; In the same period, <b>Micron</b> reported record profits.<br/><br/>Memory manufacturers are raking in more profits, but downstream electronics makers are being squeezed.<br/><br/>PC makers like <b>Dell</b>, <b>HP</b>, and <b>Lenovo</b> face the same cost pressure. While <b>Apple</b> has some buffer due to its supply relationships—Cook explained in April that &#34;existing inventory helped us absorb gross margin pressure last quarter&#34;—even that inventory buffer is now insufficient.<br/><br/>More critically, this is not a simple short-term supply-demand mismatch. Based on the scale of AI data centers currently under construction and planned, the structural shift of memory capacity towards AI is unlikely to reverse before 2028. The &#34;chip scramble&#34; for consumer electronics will persist.<br/><br/>\n<b>The Trillion-Dollar Gamble: A Supply Tsunami is Coming</b><br/><br/>Facing unprecedented demand, memory giants are launching astronomical capacity expansions. But the problem lies precisely here—these investments are not easing anxiety; they are intensifying it.<br/><br/>First, consider <b>Samsung</b>. According to South Korean media reports, <b>Samsung</b> Electronics is preparing to announce a 10-year investment plan exceeding 1,000 trillion won (approximately $646 billion) to expand semiconductor manufacturing capacity and advanced technology infrastructure. The number is so large it takes a few seconds to comprehend—it&#39;s equivalent to one-third of South Korea&#39;s projected 2025 GDP.<br/><br/>Next, consider <b>SK Hynix</b>. On June 24, this memory giant, which recently surpassed <b>Samsung</b> to become South Korea&#39;s most valuable company, announced it will list via a Nasdaq ADR, aiming to raise 45.45 trillion won (about $29.4 billion). If priced as planned, this would be the second-largest equity offering in history—second only to <b>SpaceX</b>&#39;s $85.7 billion IPO this month, surpassing <b>Saudi Aramco</b> and <b>Alibaba</b>.<br/><br/><b>SK Hynix</b> disclosed that the proceeds would fund chip factory construction in South Korea and the procurement of ASML&#39;s extreme ultraviolet lithography machines. The ADR book-building is set to start on July 6, with trading commencing on Nasdaq on July 10.<br/><br/>These two investments are staggering in any context—they not only demonstrate how robust AI storage demand is, but also expose a market-ignored issue: supply is chasing demand at an unprecedented pace.<br/><br/>A hard rule of the semiconductor industry is the 2 to 3-year lag from groundbreaking to production. The trillion-won investments announced today mean a massive wave of memory capacity will hit the market in 2028-2029. If AI demand growth falls short of expectations, or if storage efficiency leaps due to technological breakthroughs, today&#39;s supply confidence could sow the seeds for tomorrow&#39;s oversupply.<br/><br/>The memory industry has historically been cyclical: boom, investment, glut, bust. <b>Samsung</b> has experienced at least five complete memory cycles since the 1980s. The hallmark event of each cycle&#39;s peak has been &#34;unprecedented investment scale.&#34;<br/><br/>\n<b>Cracks in Demand: Who&#39;s Paying for Expensive Chips?</b><br/><br/>On the other side of the supply frenzy, cracks are appearing in demand.<br/><br/>IDC&#39;s latest forecast is unsettling: the global smartphone market will see its largest-ever annual decline in 2026—close to 14%; the PC market will decline 11.3%. &#34;Rising memory costs are expected to put heavy pressure on device sales this year,&#34; IDC wrote in its report.<br/><br/>This isn&#39;t a supply shortage issue; it&#39;s consumers not buying because prices are too high. When a laptop costs $200 to $300 more due to storage costs, and a phone costs $100 to $150 more for the same reason—not all consumers will accept it.<br/><br/>Developments at <b>OpenAI</b> provide another warning signal. According to reports, <b>OpenAI</b> is considering delaying its planned IPO to 2027. While <b>OpenAI</b> cited reasons involving regulation and pricing environment, the market interprets this as another sign of an &#34;AI valuation bubble.&#34; If even <b>OpenAI</b> lacks confidence in the current market window, how can memory stocks, whose valuations have multiplied several times over, continue to enjoy their premium?<br/><br/>Then there&#39;s <b>Microsoft</b>. The Xbox has already seen its third price hike in 2026. When the world&#39;s largest software company starts passing storage costs onto its gamers, it shows every link in this supply chain is feeling the pain.<br/><br/>The key point is this: storage price hike → end-product price hike → consumers don&#39;t buy → sales decline → storage demand falls—this negative feedback loop is forming. Memory manufacturers are enjoying unprecedented pricing power today, but the flip side of pricing power is demand elasticity. Once a certain price threshold is crossed, demand can drop non-linearly.<br/><br/>The market currently only sees the first stage: &#34;short supply → price hike → record profits.&#34; The second stage—&#34;price hike → demand destruction → cycle reversal&#34;—may have just begun.<br/><br/>\n<b>Conclusion: From &#39;Is There Enough?&#39; to &#39;Is It Too Expensive?&#39;</b><br/><br/><b>Apple</b>&#39;s price hike announcement contains a telling phrase: &#34;We are working tirelessly to find solutions.&#34;<br/><br/>This &#34;solution&#34; could involve redesigning products to lower storage specifications, encouraging a shift of non-AI memory capacity back, or adopting more efficient memory architectures in next-generation devices. Regardless of the direction, they all point to the same conclusion: device manufacturers will not sit idle waiting for memory prices to fall on their own. They will actively seek alternatives, and these alternatives will ultimately reduce demand for memory chips.<br/><br/>For memory giants, <b>Apple</b>&#39;s price hike is a double-edged signal. In the short term, it validates the scarcity value of memory chips—even <b>Apple</b> has yielded. In the long term, it signifies the world&#39;s largest buyer has begun seeking &#34;decoupling.&#34; History has repeatedly shown that when customers start looking for alternatives, the supply chain&#39;s pricing power has already begun to weaken.<br/><br/>On July 10, <b>SK Hynix</b> will ring the bell on Nasdaq. If all goes well, it will be a pinnacle moment for South Korean memory chips—simultaneously holding the titles of the world&#39;s largest market cap, highest profits, and the largest overseas fundraising in history.<br/><br/>But peak moments can also be inflection points.<br/><br/>When <b>Samsung</b>&#39;s trillion-won investment, <b>SK Hynix</b>&#39;s $29.4 billion fundraising, and <b>Apple</b>&#39;s across-the-board price hikes appear together, this picture is not telling a fairy tale of &#34;AI that never sleeps.&#34; It is reminding everyone: in the semiconductor industry, the peak of prosperity is often closest to the turning point.<br/><br/>From &#34;Is there enough storage?&#34; to &#34;Is storage too expensive?&#34;—the market&#39;s narrative shift only required the distance of an <b>Apple</b> price hike.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU0949170426.SGD":"Blackrock Global Multi-Asset Income A6 SGD-H","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","BK4529":"IDC概念","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0784384876.USD":"Blackrock Global Multi-Asset Income A6 USD","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","LU0289960550.SGD":"AB FCP I - 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The official statement was a single sentence that spoke volumes: \"We have never seen component prices rise this fast, this aggressively.\"When Apple, the world's largest consumer electronics buyer with the most powerful supply chain bargaining power, can no longer shoulder rising storage costs, the market finally realized: the AI-driven storage chip inflation has shifted from a \"supply-side party\" to a \"demand-side poison.\"\nWhat Apple's Struggle SignifiesThis price increase from Apple is a signal of a quantitative change turning qualitative.Specifically: the MacBook Air 512GB rose from $1,099 to $1,299; the MacBook Pro 1TB rose from $1,699 to $1,999; the iPad Air 128GB rose from $599 to $749. Even the MacBook Neo, which debuted earlier this year at a low $599 to compete with Windows and Chromebooks, was pulled back to $699—erasing its price advantage over the Dell XPS 13.CEO Tim Cook had already telegraphed this in the late April earnings call: \"We expect storage costs to increase significantly... As we move into the June quarter, storage costs will have an increasingly larger impact on our business.\" He was more blunt in an interview last week, calling the price hikes \"inevitable.\"But the market clearly didn't fully digest this warning. It wasn't until the announcement landed that Apple's stock plummeted 6.1% that day, its biggest single-day drop in over a year. Dell's stock also plunged over 8% in sync.A comment from IDC's senior research director, Nabila Popal, hit the nail on the head: \"The iPhone is not immune; a price increase is only a matter of time. Apple's strategy of announcing price hikes for other products before the fall iPhone launch event is brilliant—it shifts the launch focus from 'price increase' to 'new device value.'\"In other words, an iPhone price hike is a foregone conclusion. With over 200 million iPhones sold annually, it is the world's single largest consumer electronics storage consumer. Once iPhones get more expensive, the ripple effect will far exceed that of Macs and iPads.Apple is not the first to raise prices, nor will it be the last. The question is: if Apple is raising prices, who can avoid it? And what comes after the hikes?\nRAMageddon: A Storage Inflation Fed by AIWhy is Apple being forced to raise prices? The data itself tells the story.According to TrendForce, DRAM prices surged 98% in Q1 2026 and are projected to rise another 58% to 63% in Q2. Over the past six months, the DRAM price index has skyrocketed 72%. This wave of price increases has been dubbed \"RAMageddon\" in the industry—a storage chip inflation triggered by a frenzy of AI data center construction.The underlying logic is straightforward: NVIDIA's GPUs require massive amounts of HBM (High Bandwidth Memory), with each H100 chip consuming 5 to 8 times the HBM capacity of a standard server. As AI data centers sprout up globally, memory manufacturers are prioritizing capacity allocation for their most lucrative AI chip customers—NVIDIA, Google, Microsoft—while consumer electronics manufacturers wait in line for their quota.Micron Technology is a prime example. The U.S. memory giant announced this past Wednesday that it has secured $22 billion in long-term supply agreements—from customers \"looking to secure their memory supply.\" In the same period, Micron reported record profits.Memory manufacturers are raking in more profits, but downstream electronics makers are being squeezed.PC makers like Dell, HP, and Lenovo face the same cost pressure. While Apple has some buffer due to its supply relationships—Cook explained in April that \"existing inventory helped us absorb gross margin pressure last quarter\"—even that inventory buffer is now insufficient.More critically, this is not a simple short-term supply-demand mismatch. Based on the scale of AI data centers currently under construction and planned, the structural shift of memory capacity towards AI is unlikely to reverse before 2028. The \"chip scramble\" for consumer electronics will persist.\nThe Trillion-Dollar Gamble: A Supply Tsunami is ComingFacing unprecedented demand, memory giants are launching astronomical capacity expansions. But the problem lies precisely here—these investments are not easing anxiety; they are intensifying it.First, consider Samsung. According to South Korean media reports, Samsung Electronics is preparing to announce a 10-year investment plan exceeding 1,000 trillion won (approximately $646 billion) to expand semiconductor manufacturing capacity and advanced technology infrastructure. The number is so large it takes a few seconds to comprehend—it's equivalent to one-third of South Korea's projected 2025 GDP.Next, consider SK Hynix. On June 24, this memory giant, which recently surpassed Samsung to become South Korea's most valuable company, announced it will list via a Nasdaq ADR, aiming to raise 45.45 trillion won (about $29.4 billion). If priced as planned, this would be the second-largest equity offering in history—second only to SpaceX's $85.7 billion IPO this month, surpassing Saudi Aramco and Alibaba.SK Hynix disclosed that the proceeds would fund chip factory construction in South Korea and the procurement of ASML's extreme ultraviolet lithography machines. The ADR book-building is set to start on July 6, with trading commencing on Nasdaq on July 10.These two investments are staggering in any context—they not only demonstrate how robust AI storage demand is, but also expose a market-ignored issue: supply is chasing demand at an unprecedented pace.A hard rule of the semiconductor industry is the 2 to 3-year lag from groundbreaking to production. The trillion-won investments announced today mean a massive wave of memory capacity will hit the market in 2028-2029. If AI demand growth falls short of expectations, or if storage efficiency leaps due to technological breakthroughs, today's supply confidence could sow the seeds for tomorrow's oversupply.The memory industry has historically been cyclical: boom, investment, glut, bust. Samsung has experienced at least five complete memory cycles since the 1980s. The hallmark event of each cycle's peak has been \"unprecedented investment scale.\"\nCracks in Demand: Who's Paying for Expensive Chips?On the other side of the supply frenzy, cracks are appearing in demand.IDC's latest forecast is unsettling: the global smartphone market will see its largest-ever annual decline in 2026—close to 14%; the PC market will decline 11.3%. \"Rising memory costs are expected to put heavy pressure on device sales this year,\" IDC wrote in its report.This isn't a supply shortage issue; it's consumers not buying because prices are too high. When a laptop costs $200 to $300 more due to storage costs, and a phone costs $100 to $150 more for the same reason—not all consumers will accept it.Developments at OpenAI provide another warning signal. According to reports, OpenAI is considering delaying its planned IPO to 2027. While OpenAI cited reasons involving regulation and pricing environment, the market interprets this as another sign of an \"AI valuation bubble.\" If even OpenAI lacks confidence in the current market window, how can memory stocks, whose valuations have multiplied several times over, continue to enjoy their premium?Then there's Microsoft. The Xbox has already seen its third price hike in 2026. When the world's largest software company starts passing storage costs onto its gamers, it shows every link in this supply chain is feeling the pain.The key point is this: storage price hike → end-product price hike → consumers don't buy → sales decline → storage demand falls—this negative feedback loop is forming. Memory manufacturers are enjoying unprecedented pricing power today, but the flip side of pricing power is demand elasticity. Once a certain price threshold is crossed, demand can drop non-linearly.The market currently only sees the first stage: \"short supply → price hike → record profits.\" The second stage—\"price hike → demand destruction → cycle reversal\"—may have just begun.\nConclusion: From 'Is There Enough?' to 'Is It Too Expensive?'Apple's price hike announcement contains a telling phrase: \"We are working tirelessly to find solutions.\"This \"solution\" could involve redesigning products to lower storage specifications, encouraging a shift of non-AI memory capacity back, or adopting more efficient memory architectures in next-generation devices. Regardless of the direction, they all point to the same conclusion: device manufacturers will not sit idle waiting for memory prices to fall on their own. They will actively seek alternatives, and these alternatives will ultimately reduce demand for memory chips.For memory giants, Apple's price hike is a double-edged signal. In the short term, it validates the scarcity value of memory chips—even Apple has yielded. In the long term, it signifies the world's largest buyer has begun seeking \"decoupling.\" History has repeatedly shown that when customers start looking for alternatives, the supply chain's pricing power has already begun to weaken.On July 10, SK Hynix will ring the bell on Nasdaq. If all goes well, it will be a pinnacle moment for South Korean memory chips—simultaneously holding the titles of the world's largest market cap, highest profits, and the largest overseas fundraising in history.But peak moments can also be inflection points.When Samsung's trillion-won investment, SK Hynix's $29.4 billion fundraising, and Apple's across-the-board price hikes appear together, this picture is not telling a fairy tale of \"AI that never sleeps.\" It is reminding everyone: in the semiconductor industry, the peak of prosperity is often closest to the turning point.From \"Is there enough storage?\" to \"Is storage too expensive?\"—the market's narrative shift only required the distance of an Apple price hike.","news_type":1,"symbols_score_info":{"NVDU":0.6,"SNDU":0.6,"07388":0.6,"NVDW":0.6,"NVDY":0.6,"APLY":0.6,"AAPB":0.6,"07788":0.6,"MU":2,"NVDL":0.6,"NVDB":0.6,"MULL":0.6,"NVD":0.6,"NVDA":2,"NVDG":0.6,"MUU":0.6,"NVDO":0.6,"NVDD":0.6,"NVYY":0.6,"AAPW":0.6,"NVII":0.6,"AAPU":0.6,"AAPD":0.6,"NVDQ":0.6,"DIPS":0.6,"MUD":0.6,"NVDX":0.6,"AAPY":0.6,"NVDS":0.6,"SNDK":2,"AAPL":2,"SNXX":0.6,"ANV":0.6,"AAPX":0.6}},"isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":577870757225280,"gmtCreate":1782106651018,"gmtModify":1782106654120,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4170531311945842","idStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/577870757225280","repostId":"2645011257","repostType":2,"repost":{"id":"2645011257","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1782099957,"share":"https://ttm.financial/m/news/2645011257?lang=en_US&edition=fundamental","pubTime":"2026-06-22 11:45","market":"sg","language":"en","title":"The Biggest Risks Threatening This Highflying Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2645011257","media":"Dow Jones","summary":"Corporate earnings are surging. Economic data are solid. And oil prices are tumbling in the wake of the interim U.S.-Iran peace agreement. U.S. stocks have the wind at their back and new records within reach.Yet lurching drops in some recent sessions betray investors' underlying jitters. Many note that big rallies tend to precede a slide. Once stocks have logged huge gains, the question becomes: How much further can they go?At a time of unusual optimism -- with SpaceX shares soaring into orbit and big tech companies plowing hundreds of billions of dollars into the artificial-intelligence build-out -- here are some of the biggest risks that investors are monitoring:. The S&P 500 has already delivered double-digit returns in each of the past three years and is up 9.6% this year, leaving many investors skeptical that the current pace of gains is sustainable.Optimists note the S&P 500's forward-looking price/earnings ratio has actually declined this year. That is because, as much as prices","content":"<html><head></head><body><p style=\"text-align: left;\">Corporate earnings are surging. Economic data are solid. And oil prices are tumbling in the wake of the interim U.S.-Iran peace agreement. U.S. stocks have the wind at their back and new records within reach.</p><p style=\"text-align: left;\">Yet lurching drops in some recent sessions betray investors&#39; underlying jitters. Many note that big rallies tend to precede a slide. Once stocks have logged huge gains, the question becomes: How much further can they go?</p><p style=\"text-align: left;\">At a time of unusual optimism -- with SpaceX shares soaring into orbit and big tech companies plowing hundreds of billions of dollars into the artificial-intelligence build-out -- here are some of the biggest risks that investors are monitoring:</p><p style=\"text-align: left;\"><strong>Stretched valuations</strong></p><p style=\"text-align: left;\">The S&amp;P 500 has already delivered double-digit returns in each of the past three years and is up 9.6% this year, leaving many investors skeptical that the current pace of gains is sustainable.</p><p style=\"text-align: left;\">Optimists note the S&amp;P 500&#39;s forward-looking price/earnings ratio has actually declined this year. That is because, as much as prices have climbed, expectations for corporate profits have risen even more.</p><p style=\"text-align: left;\">But stock valuations still look very stretched when measured against the effectively risk-free return that investors can get by holding U.S. Treasurys to maturity.</p><p style=\"text-align: left;\">This can be seen in the narrow gap between the S&amp;P 500&#39;s earnings yield -- the inverse of its P/E ratio, expressed as a percentage -- and the yield on 10-year U.S. Treasurys. The so-called excess CAPE yield -- a measure of that gap that accounts for inflation -- is sitting around 1.3%, near its lowest level of the past decade. Unless bond yields fall, many believe that could prove to be a headwind for stocks.</p><p style=\"text-align: left;\"><strong>Higher rates</strong></p><p style=\"text-align: left;\">One key reason bond yields climbed this spring was the war-fueled surge in energy prices, which caused investors to increase bets that the Federal Reserve would raise interest rates this year. Now that energy prices are falling again, some expect yields to follow suit.</p><p style=\"text-align: left;\">Yields, though, have retreated only marginally since the interim peace agreement was reached. With inflation comfortably above the Fed&#39;s 2% target and moving higher in recent months, many investors are hesitant to get too excited about what a drop in oil prices could mean.</p><p style=\"text-align: left;\">Investors also intensified bets on rate increases after last week&#39;s Fed meeting led by new Chairman Kevin Warsh, who expressed more concern about inflation than many had anticipated.</p><p style=\"text-align: left;\">Though appointed by President Trump, who has pressured the Fed to lower rates, Warsh talked repeatedly at a postmeeting press conference about the committee&#39;s &#34;unanimous and unambiguous&#34; commitment to price stability.</p><p style=\"text-align: left;\"><strong>AI jitters</strong></p><p style=\"text-align: left;\">Even if the Fed does raise rates, some investors believe that it would hardly slow a market propelled by the historic AI build-out.</p><p style=\"text-align: left;\">Spending on data centers and other AI infrastructure this year by just four big tech companies is expected to total more than $670 billion -- a larger investment as a share of the economy than the railroad expansion of the 1850s.</p><p style=\"text-align: left;\">Still, questions linger about the foundations of that investment boom. In recent months, many investors were excited by the news that the AI startup Anthropic was poised to turn a quarterly profit ahead of expectations -- a sign that the financial rewards of running AI models outweighed their hefty costs.</p><p style=\"text-align: left;\">However, that news was followed quickly by a Wall Street Journal report that Anthropic&#39;s competitor OpenAI is considering drastic price cuts, ahead of similar reductions that the company expects at Anthropic, as businesses balk at the expense of AI usage.</p><p style=\"text-align: left;\">Whatever the potential cause, many investors see a pullback in AI-infrastructure investment as the biggest threat to stocks, given its importance to both corporate profits and economic growth.</p><p style=\"text-align: left;\">&#34;Once you spend one to two percent of GDP on something like AI, if it ever declines, that&#39;s just going to ripple through the economy,&#34; said Michael Antonelli, managing director at Baird.</p><p style=\"text-align: left;\"><strong>Stock supply</strong></p><p style=\"text-align: left;\">One result of the AI-driven stock rally has been a big uptick in equity issuance, with companies that need cash to fund AI investments taking advantage of the opportunity to sell shares at high prices.</p><p style=\"text-align: left;\">Accounting for both stock sales and retirements, net equity issuance by nonfinancial companies turned positive in the first quarter of this year for the first time since 2021, according to Fed data. That was even before SpaceX raised $86 billion in its initial public offering this month and Alphabet announced plans to raise $85 billion with its own equity offering.</p><p style=\"text-align: left;\">So far, investors have managed to absorb this influx of stock supply. But the trend has still raised concerns, given that net equity supply also turned positive not long before previous stock selloffs in 2000 and 2022.</p><p style=\"text-align: left;\">Surging equity sales could both be a symptom of a rally in its final stages and a cause of its undoing, with the supply of shares eventually testing investors&#39; demand, said Joe Maher, markets economist at Capital Economics.</p><p style=\"text-align: left;\">Positive net equity issuance was likely not a major factor in previous stock bubbles bursting, but &#34;I think you can argue that it was possibly a contributing factor,&#34; he said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Biggest Risks Threatening This Highflying Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Biggest Risks Threatening This Highflying Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-22 11:45</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Corporate earnings are surging. Economic data are solid. And oil prices are tumbling in the wake of the interim U.S.-Iran peace agreement. U.S. stocks have the wind at their back and new records within reach.</p><p style=\"text-align: left;\">Yet lurching drops in some recent sessions betray investors&#39; underlying jitters. Many note that big rallies tend to precede a slide. Once stocks have logged huge gains, the question becomes: How much further can they go?</p><p style=\"text-align: left;\">At a time of unusual optimism -- with SpaceX shares soaring into orbit and big tech companies plowing hundreds of billions of dollars into the artificial-intelligence build-out -- here are some of the biggest risks that investors are monitoring:</p><p style=\"text-align: left;\"><strong>Stretched valuations</strong></p><p style=\"text-align: left;\">The S&amp;P 500 has already delivered double-digit returns in each of the past three years and is up 9.6% this year, leaving many investors skeptical that the current pace of gains is sustainable.</p><p style=\"text-align: left;\">Optimists note the S&amp;P 500&#39;s forward-looking price/earnings ratio has actually declined this year. That is because, as much as prices have climbed, expectations for corporate profits have risen even more.</p><p style=\"text-align: left;\">But stock valuations still look very stretched when measured against the effectively risk-free return that investors can get by holding U.S. Treasurys to maturity.</p><p style=\"text-align: left;\">This can be seen in the narrow gap between the S&amp;P 500&#39;s earnings yield -- the inverse of its P/E ratio, expressed as a percentage -- and the yield on 10-year U.S. Treasurys. The so-called excess CAPE yield -- a measure of that gap that accounts for inflation -- is sitting around 1.3%, near its lowest level of the past decade. Unless bond yields fall, many believe that could prove to be a headwind for stocks.</p><p style=\"text-align: left;\"><strong>Higher rates</strong></p><p style=\"text-align: left;\">One key reason bond yields climbed this spring was the war-fueled surge in energy prices, which caused investors to increase bets that the Federal Reserve would raise interest rates this year. Now that energy prices are falling again, some expect yields to follow suit.</p><p style=\"text-align: left;\">Yields, though, have retreated only marginally since the interim peace agreement was reached. With inflation comfortably above the Fed&#39;s 2% target and moving higher in recent months, many investors are hesitant to get too excited about what a drop in oil prices could mean.</p><p style=\"text-align: left;\">Investors also intensified bets on rate increases after last week&#39;s Fed meeting led by new Chairman Kevin Warsh, who expressed more concern about inflation than many had anticipated.</p><p style=\"text-align: left;\">Though appointed by President Trump, who has pressured the Fed to lower rates, Warsh talked repeatedly at a postmeeting press conference about the committee&#39;s &#34;unanimous and unambiguous&#34; commitment to price stability.</p><p style=\"text-align: left;\"><strong>AI jitters</strong></p><p style=\"text-align: left;\">Even if the Fed does raise rates, some investors believe that it would hardly slow a market propelled by the historic AI build-out.</p><p style=\"text-align: left;\">Spending on data centers and other AI infrastructure this year by just four big tech companies is expected to total more than $670 billion -- a larger investment as a share of the economy than the railroad expansion of the 1850s.</p><p style=\"text-align: left;\">Still, questions linger about the foundations of that investment boom. In recent months, many investors were excited by the news that the AI startup Anthropic was poised to turn a quarterly profit ahead of expectations -- a sign that the financial rewards of running AI models outweighed their hefty costs.</p><p style=\"text-align: left;\">However, that news was followed quickly by a Wall Street Journal report that Anthropic&#39;s competitor OpenAI is considering drastic price cuts, ahead of similar reductions that the company expects at Anthropic, as businesses balk at the expense of AI usage.</p><p style=\"text-align: left;\">Whatever the potential cause, many investors see a pullback in AI-infrastructure investment as the biggest threat to stocks, given its importance to both corporate profits and economic growth.</p><p style=\"text-align: left;\">&#34;Once you spend one to two percent of GDP on something like AI, if it ever declines, that&#39;s just going to ripple through the economy,&#34; said Michael Antonelli, managing director at Baird.</p><p style=\"text-align: left;\"><strong>Stock supply</strong></p><p style=\"text-align: left;\">One result of the AI-driven stock rally has been a big uptick in equity issuance, with companies that need cash to fund AI investments taking advantage of the opportunity to sell shares at high prices.</p><p style=\"text-align: left;\">Accounting for both stock sales and retirements, net equity issuance by nonfinancial companies turned positive in the first quarter of this year for the first time since 2021, according to Fed data. That was even before SpaceX raised $86 billion in its initial public offering this month and Alphabet announced plans to raise $85 billion with its own equity offering.</p><p style=\"text-align: left;\">So far, investors have managed to absorb this influx of stock supply. But the trend has still raised concerns, given that net equity supply also turned positive not long before previous stock selloffs in 2000 and 2022.</p><p style=\"text-align: left;\">Surging equity sales could both be a symptom of a rally in its final stages and a cause of its undoing, with the supply of shares eventually testing investors&#39; demand, said Joe Maher, markets economist at Capital Economics.</p><p style=\"text-align: left;\">Positive net equity issuance was likely not a major factor in previous stock bubbles bursting, but &#34;I think you can argue that it was possibly a contributing factor,&#34; he said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPXU":"三倍做空标普500ETF-ProShares","SPDN":"Direxion Daily S&P 500 Bear 1X Shares","AGIX":"通用人工智能 ETF-AGIX","SPYQ":"2倍做多SPY Quarterly ETF-Tradr","DDM":"2倍做多道指ETF-ProShares","DOG":"道指ETF-ProShares做空","UPRO":"三倍做多标普500ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","TLT":"20+年以上美国国债ETF-iShares","SPY":"标普500ETF","AIPO":"Defiance AI and Power Infrastructure ETF","MMAX":"iShares Large Cap Max Buffer Mar ETF","SPYU":"MAX S&P 500 4X Leveraged ETN","SDOW":"三倍做空道指30ETF-ProShares",".DJI":"道琼斯","SMAX":"ISHARES LARGE CAP MAX BUFFER SEP ETF","HIBL":"Direxion Daily S&P 500 High Beta Bull 3X Shares","SDS":"两倍做空标普500 ETF-ProShares",".IXIC":"NASDAQ Composite","DIA":"道琼斯ETF","CHAT":"ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF","IVV":"标普500ETF-iShares","SSO":"2倍做多标普500ETF-ProShares",".SPX":"S&P 500 Index","SH":"做空标普500-Proshares","YSPY":"GraniteShares YieldBOOST SPY ETF","SPXL":"三倍做多标普500ETF-Direxion","ARTY":"ISHARES FUTURE AI & TECH ETF","VOO":"Vanguard标普500ETF","SPYH":"Neos S&P 500 Hedged Equity Income ETF","SPXS":"三倍做空标普500ETF-Direxion","DMAX":"ISHARES LARGE CAP MAX BUFFER DEC ETF","SPUU":"Direxion Daily S&P 500 Bull 2x Shares","DXD":"两倍做空道琼30指数ETF-ProShares","SPYM":"投资组合标普500指数ETF-SPDR"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2645011257","content_text":"Corporate earnings are surging. Economic data are solid. And oil prices are tumbling in the wake of the interim U.S.-Iran peace agreement. U.S. stocks have the wind at their back and new records within reach.Yet lurching drops in some recent sessions betray investors' underlying jitters. Many note that big rallies tend to precede a slide. Once stocks have logged huge gains, the question becomes: How much further can they go?At a time of unusual optimism -- with SpaceX shares soaring into orbit and big tech companies plowing hundreds of billions of dollars into the artificial-intelligence build-out -- here are some of the biggest risks that investors are monitoring:Stretched valuationsThe S&P 500 has already delivered double-digit returns in each of the past three years and is up 9.6% this year, leaving many investors skeptical that the current pace of gains is sustainable.Optimists note the S&P 500's forward-looking price/earnings ratio has actually declined this year. That is because, as much as prices have climbed, expectations for corporate profits have risen even more.But stock valuations still look very stretched when measured against the effectively risk-free return that investors can get by holding U.S. Treasurys to maturity.This can be seen in the narrow gap between the S&P 500's earnings yield -- the inverse of its P/E ratio, expressed as a percentage -- and the yield on 10-year U.S. Treasurys. The so-called excess CAPE yield -- a measure of that gap that accounts for inflation -- is sitting around 1.3%, near its lowest level of the past decade. Unless bond yields fall, many believe that could prove to be a headwind for stocks.Higher ratesOne key reason bond yields climbed this spring was the war-fueled surge in energy prices, which caused investors to increase bets that the Federal Reserve would raise interest rates this year. Now that energy prices are falling again, some expect yields to follow suit.Yields, though, have retreated only marginally since the interim peace agreement was reached. With inflation comfortably above the Fed's 2% target and moving higher in recent months, many investors are hesitant to get too excited about what a drop in oil prices could mean.Investors also intensified bets on rate increases after last week's Fed meeting led by new Chairman Kevin Warsh, who expressed more concern about inflation than many had anticipated.Though appointed by President Trump, who has pressured the Fed to lower rates, Warsh talked repeatedly at a postmeeting press conference about the committee's \"unanimous and unambiguous\" commitment to price stability.AI jittersEven if the Fed does raise rates, some investors believe that it would hardly slow a market propelled by the historic AI build-out.Spending on data centers and other AI infrastructure this year by just four big tech companies is expected to total more than $670 billion -- a larger investment as a share of the economy than the railroad expansion of the 1850s.Still, questions linger about the foundations of that investment boom. In recent months, many investors were excited by the news that the AI startup Anthropic was poised to turn a quarterly profit ahead of expectations -- a sign that the financial rewards of running AI models outweighed their hefty costs.However, that news was followed quickly by a Wall Street Journal report that Anthropic's competitor OpenAI is considering drastic price cuts, ahead of similar reductions that the company expects at Anthropic, as businesses balk at the expense of AI usage.Whatever the potential cause, many investors see a pullback in AI-infrastructure investment as the biggest threat to stocks, given its importance to both corporate profits and economic growth.\"Once you spend one to two percent of GDP on something like AI, if it ever declines, that's just going to ripple through the economy,\" said Michael Antonelli, managing director at Baird.Stock supplyOne result of the AI-driven stock rally has been a big uptick in equity issuance, with companies that need cash to fund AI investments taking advantage of the opportunity to sell shares at high prices.Accounting for both stock sales and retirements, net equity issuance by nonfinancial companies turned positive in the first quarter of this year for the first time since 2021, according to Fed data. That was even before SpaceX raised $86 billion in its initial public offering this month and Alphabet announced plans to raise $85 billion with its own equity offering.So far, investors have managed to absorb this influx of stock supply. But the trend has still raised concerns, given that net equity supply also turned positive not long before previous stock selloffs in 2000 and 2022.Surging equity sales could both be a symptom of a rally in its final stages and a cause of its undoing, with the supply of shares eventually testing investors' demand, said Joe Maher, markets economist at Capital Economics.Positive net equity issuance was likely not a major factor in previous stock bubbles bursting, but \"I think you can argue that it was possibly a contributing factor,\" he said.","news_type":1,"symbols_score_info":{"SMAX":0.6,".SPX":2,"VOO":0.6,"ARTY":0.9,"DIA":0.6,"US3Y.BOND":0.88,"US7Y.BOND":0.88,"DDM":0.6,"DOG":0.6,"US5Y.BOND":0.88,"US10Y.BOND":0.88,"US2Y.BOND":0.88,"SPYQ":0.6,"US12M.BOND":0.88,"YSPY":0.6,"SPXL":0.6,"SPXU":0.6,"UPRO":0.6,"SPYM":0.6,"US6M.BOND":0.88,"AIPO":0.9,".IXIC":2,"MMAX":0.6,"SH":0.6,"TLT":0.6,"SDS":0.6,"US30Y.BOND":0.88,"SPDN":0.6,"HIBL":0.6,"DXD":0.6,"SPXS":0.6,".DJI":2,"SPUU":0.6,"UDOW":0.6,"IVV":0.6,"DMAX":0.6,"CHAT":0.9,"SDOW":0.6,"SPYU":0.6,"AGIX":0.9,"SSO":0.6,"SPY":0.6,"SPYH":0.6}},"isVote":1,"tweetType":1,"viewCount":485,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":577549541303360,"gmtCreate":1782028284581,"gmtModify":1782028287570,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4170531311945842","idStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/577549541303360","repostId":"2645209479","repostType":2,"isVote":1,"tweetType":1,"viewCount":583,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":572199520470032,"gmtCreate":1780719598477,"gmtModify":1780719601363,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4170531311945842","idStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/572199520470032","repostId":"1122938658","repostType":2,"repost":{"id":"1122938658","kind":"news","weMediaInfo":{"introduction":"Go Trading Go","home_visible":1,"media_name":"Trading Random","id":"1081967000","head_image":"https://community-static.tradeup.com/news/c47c5e15a11ec5cf40edd30d2c7cf544"},"pubTimestamp":1780710113,"share":"https://ttm.financial/m/news/1122938658?lang=en_US&edition=fundamental","pubTime":"2026-06-06 09:41","market":"us","language":"en","title":"U.S. Weekly Review｜Nasdaq Marked Its Worst Week Since April As AI And Semiconductor Stocks Face Pressure From Broadcom And Ciena Results, SpaceX IPO Looms","url":"https://stock-news.laohu8.com/highlight/detail?id=1122938658","media":"Trading Random","summary":"The Nasdaq marked its worst week since April—mostly driven by Friday’s selloff as enthusiasm for artificial intelligence and semiconductor stocks cooled following quarterly reports from Broadcom...","content":"<html><head></head><body><p style=\"text-align: left;\">The Nasdaq <span>marked its worst week since April—mostly driven by Friday’s selloff </span>as enthusiasm for artificial intelligence and semiconductor stocks cooled following quarterly reports from <strong>Broadcom</strong> (<strong>AVGO</strong>) and <strong>Ciena</strong> (<strong>CIEN</strong>).<br/><br/><strong>Hewlett Packard Enterprise</strong> (<strong>HPE</strong>) shares surged dramatically after the company reported results that exceeded expectations and raised its outlook.<br/><br/>Cybersecurity stocks <strong>Palo Alto Networks</strong> (<strong>PANW</strong>), <strong>CrowdStrike</strong> (<strong>CRWD</strong>), and <strong>Rubrik</strong> (<strong>RBRK</strong>) pulled back following their earnings announcements, though this came after substantial prior gains.<br/><br/><strong>SpaceX</strong> (<strong>SPCX</strong>) established a price target for its initial public offering, which is anticipated to launch late next week.<br/><br/>Crude oil futures climbed but trimmed their weekly advances.<br/><br/>Treasury yields increased, influenced by rising oil prices and a robust employment report.<br/><br/><strong>Market Performance and Key Index Movements</strong><br/><br/>The Dow Jones led major indices over the past week, reaching new highs.<br/><br/>The S&amp;P 500 declined solidly, while the Nasdaq tumbled, with both indices ending lengthy weekly winning streaks.<br/><br/>The Nasdaq fell below its 21-day line for the first time since the current market rally was confirmed.<br/><br/>AI and semiconductor stocks faced substantial selling pressure during the week, partly in reaction to declines in <strong>Broadcom</strong> (<strong>AVGO</strong>) and <strong>Ciena</strong> (<strong>CIEN</strong>).<br/><br/>Crude oil prices surged but later gave back some of the weekly increase.<br/><br/>Treasury yields jumped, supported by a strong jobs report.<br/><br/><strong>Robust Employment Data</strong><br/><br/>Friday&#39;s employment report came in twice as strong as anticipated, showing the addition of 172,000 jobs.<br/><br/>This strength was sufficient to increase market expectations for a Federal Reserve interest rate hike by the end of the year.<br/><br/>A 43,500 increase in local government payrolls marked the largest gain since 2019, though similar increases were reversed in the following two months that year.<br/><br/>Meanwhile, a surge of 70,000 jobs in leisure and hospitality was likely boosted by hiring ahead of the World Cup.<br/><br/>Upward revisions to March and April data added 93,000 more jobs, resulting in an average monthly gain of 188,000 over the prior three months.<br/><br/>Coupled with a stable 4.3% unemployment rate, the data suggests the Federal Reserve need not worry about labor market weakness and can maintain its focus on inflation.<br/><br/><strong>Broadcom Stock Declines Despite Strong Results</strong><br/><br/>Chip designer and infrastructure software provider <strong>Broadcom</strong> (<strong>AVGO</strong>) slightly exceeded analyst expectations for its fiscal second quarter and provided a positive outlook.<br/><br/>However, the stock fell as investors had hoped for even stronger results.<br/><br/>Broadcom&#39;s Q2 adjusted earnings increased 54% while sales jumped 48% to $22.19 billion.<br/><br/>This marked the company&#39;s fourth consecutive quarter of accelerating revenue growth, with even faster gains projected for the next two quarters.<br/><br/>For the current quarter ending August 2, Broadcom forecast revenue surging 84% to $29.4 billion.<br/><br/><strong>Ciena&#39;s Market Reaction Disappoints</strong><br/><br/><strong>Ciena</strong> (<strong>CIEN</strong>) reported fiscal Q2 earnings that soared 290%, with revenue growing 40% to $1.57 billion, boosted by data center orders.<br/><br/>Both metrics modestly beat expectations.<br/><br/>The manufacturer of optical communications equipment provided a slightly higher revenue outlook for Q3 and the full year.<br/><br/>Ciena stock gapped down on Thursday but managed to hold support at its 50-day moving average.<br/><br/><strong>Hewlett Packard Enterprise Shares Soar</strong><br/><br/><strong>Hewlett Packard Enterprise</strong> (<strong>HPE</strong>) announced fiscal Q2 earnings rose 107%, with sales increasing 40% to $10.7 billion, including results from recently acquired Juniper Networks.<br/><br/>Both figures easily surpassed expectations.<br/><br/>Revenue from cloud and AI, which includes its AI server business, rose 23% to $7.71 billion, exceeding estimates of $6.93 billion.<br/><br/>For the current quarter, HPE provided significantly higher guidance for fiscal Q3 and full-year revenue and also issued guidance for fiscal 2027.<br/><br/>HPE stock spiked to a fresh high, extending its winning streak to 13 consecutive weeks.<br/><br/><strong>SpaceX Details IPO Plans and Valuation</strong><br/><br/>SpaceX presented its case to investors ahead of its expected initial public offering, which is scheduled to price on June 11 and begin trading on the Nasdaq the following day.<br/><br/>The company plans to offer 555.6 million shares at $135 each, aiming to raise $75 billion with an initial valuation of $1.77 trillion.<br/><br/>The spaceship, broadband, and AI company outlined ambitious goals supported by CEO Elon Musk, including establishing a lunar base with manufacturing and energy production capabilities.<br/><br/>It sees a total addressable market potential of up to $28.5 trillion.<br/><br/>The company plans to deploy its reusable Starship next year and launch space-based data centers in 2028.<br/><br/>SpaceX also intends to manufacture its own chips, in collaboration with sister company <strong>Tesla</strong> (<strong>TSLA</strong>).<br/><br/>In 2025, SpaceX generated $18.674 billion in sales, reported an operating loss of $2.589 billion, and had adjusted EBITDA of $6.584 billion.<br/><br/>Elon Musk is restricted from selling shares for one year following the IPO.<br/><br/>The stock will trade under the symbol SPCX.<br/><br/>S&amp;P Dow Jones Indices decided not to alter or waive entry requirements for mega-cap IPOs, meaning SpaceX will not be eligible for inclusion in the S&amp;P 500 for at least 12 months after going public.<br/><br/><strong>Cybersecurity Sector</strong><br/><br/><strong>CrowdStrike Holdings</strong> (<strong>CRWD</strong>) announced a 51% rise in first-quarter earnings, with revenue climbing 26% to $1.39 billion, inclusive of acquisitions. Total annualized recurring revenue grew 24% to $5.51 billion, slightly exceeding expectations. The company provided fiscal second-quarter revenue guidance that was marginally higher and declared a four-for-one stock split. <strong>Palo Alto Networks</strong> (<strong>PANW</strong>) reported flat fiscal third-quarter profit, while revenue increased 31% to $3 billion, which included a $388 million contribution from acquisitions, also slightly beating forecasts. Subscription-based ARR reached $8.1 billion, modestly above estimates. For the quarter ending in July, Palo Alto anticipates revenue of $3.35 billion, including acquisitions, and remaining performance obligations of $20.95 billion, surpassing estimates of $3.28 billion in sales and $20.25 billion in RPO.<br/><br/>Data storage and security software firm <strong>Rubrik</strong> (<strong>RBRK</strong>) reported adjusted first-quarter earnings of 16 cents per share, a turnaround from a 15-cent loss per share a year earlier. Revenue surged 39% to $387.1 million, exceeding analyst predictions of a 3-cent loss on revenue of $366.3 million. Annual recurring revenue rose 32% to $1.57 billion. For the current quarter ending in July, Rubrik forecast revenue of $396 million at the midpoint of its guidance range, topping estimates of $383.5 million.<br/><br/><strong>Nvidia Makes Move into AI PC Arena</strong><br/><br/><strong>Nvidia</strong> (<strong>NVDA</strong>) unveiled an AI-enabled personal computer chip, RTX Spark, at the Computex trade show in Taiwan. PC manufacturers including <strong>Dell</strong> (<strong>DELL</strong>) and <strong>HP</strong> (<strong>HPQ</strong>) will incorporate the new chip into laptop and desktop PCs designed for agentic AI applications starting this autumn. The Nvidia PC chip will compete with processors from established players <strong>AMD</strong> (<strong>AMD</strong>) and <strong>Intel</strong> (<strong>INTC</strong>). In other news from Computex, <strong>Marvell Technology</strong> (<strong>MRVL</strong>) announced the availability of the industry&#39;s first 102.4 terabits-per-second switch silicon designed specifically for AI and cloud data center infrastructure. Marvell&#39;s stock soared to record levels after Nvidia CEO Jensen Huang suggested the company could be the next to reach a $1 trillion market capitalization. Other companies gaining on news from the event included <strong>Arm Holdings</strong> (<strong>ARM</strong>), <strong>Cadence Design Systems</strong> (<strong>CDNS</strong>), and <strong>Navitas Semiconductor</strong> (<strong>NVTS</strong>).<br/><br/><strong>Credo&#39;s Results Fail to Impress</strong><br/><br/><strong>Credo Technology</strong> (<strong>CRDO</strong>) reported fiscal fourth-quarter sales and earnings that exceeded consensus estimates. However, its stock retreated from record highs during a volatile week following forecasts of contracting profit margins. The maker of AI data center connectivity equipment reported a 231% increase in earnings per share, with sales skyrocketing 157% to $437 million. Credo has now posted six consecutive quarters of triple-digit revenue growth, with one more quarter of such growth anticipated.<br/><br/><strong>Pharmaceutical and Biotechnology Developments</strong><br/><br/>The American Society of Clinical Oncology meeting in Chicago last week delivered mixed results for biopharmaceutical and medical technology stocks. Promising names such as <strong>Grail</strong> (<strong>GRAL</strong>) and <strong>Celcuity</strong> (<strong>CELC</strong>) saw sharp declines, while <strong>Legend Biotech</strong> (<strong>LEGN</strong>) shares surged more than 42% in a single day. Grail&#39;s stock tumbled after the company presented mixed results for its cancer-screening blood test, Galleri, while Celcuity plummeted on its breast cancer trial results. Celcuity&#39;s three-drug regimen doubled the likelihood of survival without disease progression, but the duration of this benefit decreased compared to earlier testing. Legend&#39;s stock rocketed after the biotech firm reported that all six lymphoma patients who received its in vivo CAR-T drug responded to the treatment. <strong>Bristol Myers Squibb</strong> (<strong>BMY</strong>), <strong>Pfizer</strong> (<strong>PFE</strong>), and <strong>AstraZeneca</strong> (<strong>AZN</strong>) also reported positive test results in multiple myeloma, colon cancer, and liver cancer, respectively.<br/><br/><strong>Argan Delivers Strong Earnings Beat</strong><br/><br/>The heavy construction firm&#39;s earnings more than doubled, easily surpassing expectations, fueled by ongoing strength in electrification and reshoring trends. Revenue jumped 50% to $291 million, accelerating rapidly from a 2% gain in the August-October quarter and a 13% increase in the prior quarter. Its backlog, however, eased to $2.767 billion. CEO David Watson described the project pipeline as &#34;robust,&#34; citing strong demand for factory onshoring, data center expansion, and broader electrification trends. The company&#39;s shares advanced.<br/><br/><strong>China EV Manufacturers and Tesla Lifted by Export Performance</strong><br/><br/>In May, the highly competitive Chinese electric vehicle market produced mixed results as leading automakers pivoted toward international growth. <strong>BYD</strong> (<strong>BYDDF</strong>), the global EV leader, reported a marginal 0.2% monthly gain with 383,453 vehicles sold, though its overseas sales surged by 80%. Meanwhile, Leapmotor and <strong>Nio</strong> (<strong>NIO</strong>) posted substantial year-over-year delivery increases of 81% and 62.3%, respectively. In contrast, smaller players like <strong>XPeng</strong> (<strong>XPEV</strong>) and <strong>Li Auto</strong> (<strong>LI</strong>) struggled, facing respective declines of 4% and 18.4%.<br/><br/>Amid this intense competition, Tesla&#39;s operations in China showed continued recovery. The Shanghai factory delivered 85,982 cars in May, a 39% increase compared to a year earlier. Year-to-date, Tesla&#39;s China-made vehicle sales are up 29%, supported by exports as domestic sales face some challenges.<br/><br/><strong>Discount Retailers Decline on Mixed Financials</strong><br/><br/><strong>Five Below</strong> (<strong>FIVE</strong>) on Wednesday surpassed estimates with a 158% increase in adjusted earnings on 32.5% revenue growth. Comparable sales spiked 22.7%. Five Below also raised its 2026 earnings and revenue forecasts. However, analysts reduced price targets after management cited consumer concerns, leading to a sharp drop in the stock price. <strong>Ollie&#39;s Bargain Outlet</strong> (<strong>OLLI</strong>) on Wednesday reported a 21% gain in earnings per share, exceeding expectations, but its 14% sales growth fell short. Ollie&#39;s lifted its full-year adjusted earnings outlook but trimmed its sales forecast. OLLI stock fell sharply for the week, hitting two-year lows. <strong>Dollar General</strong> (<strong>DG</strong>) on Tuesday topped earnings expectations but missed on sales growth. The company slightly raised its 2026 earnings guidance. Its shares declined.</p><p style=\"text-align: left;\"><strong>Stock Market News In Brief</strong><br/><br/><strong>Victoria&#39;s Secret</strong> (<strong>VSXY</strong>) announced a 15% increase in first-quarter fiscal sales, reaching $1.56 billion, with comparable sales up 13% and adjusted earnings per share surging to 60 cents from 9 cents. The results significantly exceeded the intimate apparel retailer&#39;s own projections and analyst expectations. The company attributed the strong performance to a greater proportion of sales at regular prices and fewer promotions, which helped offset challenges from tariffs. Victoria&#39;s Secret also upgraded its financial outlook for both the current quarter and the full fiscal year. Following the announcement, the company&#39;s stock price skyrocketed 47% on Tuesday, marking its largest single-day gain ever.<br/><br/><strong>Generac</strong> (<strong>GNRC</strong>) disclosed that it secured an agreement to supply backup power generators to a major hyperscale data center operator. While specific financial details were not released, the company noted that demand from data centers is a primary driver of its growth. The news propelled the stock to a new record high.<br/><br/><strong>Quantinuum</strong> (<strong>QNT</strong>) launched its initial public offering at $60 per share, a price above its anticipated range. The company sold an increased offering of 28 million shares, raising $1.68 billion and achieving an initial market valuation of $15.6 billion. Quantinuum, which remains majority-controlled by its parent company <strong>Honeywell</strong> (<strong>HON</strong>), saw its shares rise as much as 18% on its first trading day before closing with a minimal gain. The stock subsequently fell below its IPO price by Friday. The quantum computing sector continues to see new public listings, though companies within it are still not profitable as they work towards commercializing the technology.<br/><br/><strong>Liftoff Mobile</strong> (<strong>LFTO</strong>), a company seen as a potential competitor to <strong>AppLovin</strong> (<strong>APP</strong>) in the mobile advertising technology market, completed its IPO. It sold 19 million shares at $23 each, exceeding its projected price range of $20 to $22. The stock surged 24% during its market debut on Thursday. For the previous year, Liftoff Mobile reported a net loss of $23.1 million on revenue of $685 million.<br/><br/><strong>Planet Labs</strong> (<strong>PL</strong>) reported a quarterly loss that was smaller than analysts had forecast, while its revenue grew 42% to $94.2 million. The satellite imaging and data analytics firm provided sales guidance for 2027 in the range of $425 million to $441 million. However, it expects its adjusted EBITDA to be between breakeven and a profit of $10 million. Planet Labs also announced a new at-the-market equity offering program to raise up to $1.5 billion. Following these announcements, the company&#39;s stock price declined sharply, falling below its 50-day moving average.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Weekly Review｜Nasdaq Marked Its Worst Week Since April As AI And Semiconductor Stocks Face Pressure From Broadcom And Ciena Results, SpaceX IPO Looms</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Weekly Review｜Nasdaq Marked Its Worst Week Since April As AI And Semiconductor Stocks Face Pressure From Broadcom And Ciena Results, SpaceX IPO Looms\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1081967000\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/c47c5e15a11ec5cf40edd30d2c7cf544);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Trading Random </p>\n<p class=\"h-time\">2026-06-06 09:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">The Nasdaq <span>marked its worst week since April—mostly driven by Friday’s selloff </span>as enthusiasm for artificial intelligence and semiconductor stocks cooled following quarterly reports from <strong>Broadcom</strong> (<strong>AVGO</strong>) and <strong>Ciena</strong> (<strong>CIEN</strong>).<br/><br/><strong>Hewlett Packard Enterprise</strong> (<strong>HPE</strong>) shares surged dramatically after the company reported results that exceeded expectations and raised its outlook.<br/><br/>Cybersecurity stocks <strong>Palo Alto Networks</strong> (<strong>PANW</strong>), <strong>CrowdStrike</strong> (<strong>CRWD</strong>), and <strong>Rubrik</strong> (<strong>RBRK</strong>) pulled back following their earnings announcements, though this came after substantial prior gains.<br/><br/><strong>SpaceX</strong> (<strong>SPCX</strong>) established a price target for its initial public offering, which is anticipated to launch late next week.<br/><br/>Crude oil futures climbed but trimmed their weekly advances.<br/><br/>Treasury yields increased, influenced by rising oil prices and a robust employment report.<br/><br/><strong>Market Performance and Key Index Movements</strong><br/><br/>The Dow Jones led major indices over the past week, reaching new highs.<br/><br/>The S&amp;P 500 declined solidly, while the Nasdaq tumbled, with both indices ending lengthy weekly winning streaks.<br/><br/>The Nasdaq fell below its 21-day line for the first time since the current market rally was confirmed.<br/><br/>AI and semiconductor stocks faced substantial selling pressure during the week, partly in reaction to declines in <strong>Broadcom</strong> (<strong>AVGO</strong>) and <strong>Ciena</strong> (<strong>CIEN</strong>).<br/><br/>Crude oil prices surged but later gave back some of the weekly increase.<br/><br/>Treasury yields jumped, supported by a strong jobs report.<br/><br/><strong>Robust Employment Data</strong><br/><br/>Friday&#39;s employment report came in twice as strong as anticipated, showing the addition of 172,000 jobs.<br/><br/>This strength was sufficient to increase market expectations for a Federal Reserve interest rate hike by the end of the year.<br/><br/>A 43,500 increase in local government payrolls marked the largest gain since 2019, though similar increases were reversed in the following two months that year.<br/><br/>Meanwhile, a surge of 70,000 jobs in leisure and hospitality was likely boosted by hiring ahead of the World Cup.<br/><br/>Upward revisions to March and April data added 93,000 more jobs, resulting in an average monthly gain of 188,000 over the prior three months.<br/><br/>Coupled with a stable 4.3% unemployment rate, the data suggests the Federal Reserve need not worry about labor market weakness and can maintain its focus on inflation.<br/><br/><strong>Broadcom Stock Declines Despite Strong Results</strong><br/><br/>Chip designer and infrastructure software provider <strong>Broadcom</strong> (<strong>AVGO</strong>) slightly exceeded analyst expectations for its fiscal second quarter and provided a positive outlook.<br/><br/>However, the stock fell as investors had hoped for even stronger results.<br/><br/>Broadcom&#39;s Q2 adjusted earnings increased 54% while sales jumped 48% to $22.19 billion.<br/><br/>This marked the company&#39;s fourth consecutive quarter of accelerating revenue growth, with even faster gains projected for the next two quarters.<br/><br/>For the current quarter ending August 2, Broadcom forecast revenue surging 84% to $29.4 billion.<br/><br/><strong>Ciena&#39;s Market Reaction Disappoints</strong><br/><br/><strong>Ciena</strong> (<strong>CIEN</strong>) reported fiscal Q2 earnings that soared 290%, with revenue growing 40% to $1.57 billion, boosted by data center orders.<br/><br/>Both metrics modestly beat expectations.<br/><br/>The manufacturer of optical communications equipment provided a slightly higher revenue outlook for Q3 and the full year.<br/><br/>Ciena stock gapped down on Thursday but managed to hold support at its 50-day moving average.<br/><br/><strong>Hewlett Packard Enterprise Shares Soar</strong><br/><br/><strong>Hewlett Packard Enterprise</strong> (<strong>HPE</strong>) announced fiscal Q2 earnings rose 107%, with sales increasing 40% to $10.7 billion, including results from recently acquired Juniper Networks.<br/><br/>Both figures easily surpassed expectations.<br/><br/>Revenue from cloud and AI, which includes its AI server business, rose 23% to $7.71 billion, exceeding estimates of $6.93 billion.<br/><br/>For the current quarter, HPE provided significantly higher guidance for fiscal Q3 and full-year revenue and also issued guidance for fiscal 2027.<br/><br/>HPE stock spiked to a fresh high, extending its winning streak to 13 consecutive weeks.<br/><br/><strong>SpaceX Details IPO Plans and Valuation</strong><br/><br/>SpaceX presented its case to investors ahead of its expected initial public offering, which is scheduled to price on June 11 and begin trading on the Nasdaq the following day.<br/><br/>The company plans to offer 555.6 million shares at $135 each, aiming to raise $75 billion with an initial valuation of $1.77 trillion.<br/><br/>The spaceship, broadband, and AI company outlined ambitious goals supported by CEO Elon Musk, including establishing a lunar base with manufacturing and energy production capabilities.<br/><br/>It sees a total addressable market potential of up to $28.5 trillion.<br/><br/>The company plans to deploy its reusable Starship next year and launch space-based data centers in 2028.<br/><br/>SpaceX also intends to manufacture its own chips, in collaboration with sister company <strong>Tesla</strong> (<strong>TSLA</strong>).<br/><br/>In 2025, SpaceX generated $18.674 billion in sales, reported an operating loss of $2.589 billion, and had adjusted EBITDA of $6.584 billion.<br/><br/>Elon Musk is restricted from selling shares for one year following the IPO.<br/><br/>The stock will trade under the symbol SPCX.<br/><br/>S&amp;P Dow Jones Indices decided not to alter or waive entry requirements for mega-cap IPOs, meaning SpaceX will not be eligible for inclusion in the S&amp;P 500 for at least 12 months after going public.<br/><br/><strong>Cybersecurity Sector</strong><br/><br/><strong>CrowdStrike Holdings</strong> (<strong>CRWD</strong>) announced a 51% rise in first-quarter earnings, with revenue climbing 26% to $1.39 billion, inclusive of acquisitions. Total annualized recurring revenue grew 24% to $5.51 billion, slightly exceeding expectations. The company provided fiscal second-quarter revenue guidance that was marginally higher and declared a four-for-one stock split. <strong>Palo Alto Networks</strong> (<strong>PANW</strong>) reported flat fiscal third-quarter profit, while revenue increased 31% to $3 billion, which included a $388 million contribution from acquisitions, also slightly beating forecasts. Subscription-based ARR reached $8.1 billion, modestly above estimates. For the quarter ending in July, Palo Alto anticipates revenue of $3.35 billion, including acquisitions, and remaining performance obligations of $20.95 billion, surpassing estimates of $3.28 billion in sales and $20.25 billion in RPO.<br/><br/>Data storage and security software firm <strong>Rubrik</strong> (<strong>RBRK</strong>) reported adjusted first-quarter earnings of 16 cents per share, a turnaround from a 15-cent loss per share a year earlier. Revenue surged 39% to $387.1 million, exceeding analyst predictions of a 3-cent loss on revenue of $366.3 million. Annual recurring revenue rose 32% to $1.57 billion. For the current quarter ending in July, Rubrik forecast revenue of $396 million at the midpoint of its guidance range, topping estimates of $383.5 million.<br/><br/><strong>Nvidia Makes Move into AI PC Arena</strong><br/><br/><strong>Nvidia</strong> (<strong>NVDA</strong>) unveiled an AI-enabled personal computer chip, RTX Spark, at the Computex trade show in Taiwan. PC manufacturers including <strong>Dell</strong> (<strong>DELL</strong>) and <strong>HP</strong> (<strong>HPQ</strong>) will incorporate the new chip into laptop and desktop PCs designed for agentic AI applications starting this autumn. The Nvidia PC chip will compete with processors from established players <strong>AMD</strong> (<strong>AMD</strong>) and <strong>Intel</strong> (<strong>INTC</strong>). In other news from Computex, <strong>Marvell Technology</strong> (<strong>MRVL</strong>) announced the availability of the industry&#39;s first 102.4 terabits-per-second switch silicon designed specifically for AI and cloud data center infrastructure. Marvell&#39;s stock soared to record levels after Nvidia CEO Jensen Huang suggested the company could be the next to reach a $1 trillion market capitalization. Other companies gaining on news from the event included <strong>Arm Holdings</strong> (<strong>ARM</strong>), <strong>Cadence Design Systems</strong> (<strong>CDNS</strong>), and <strong>Navitas Semiconductor</strong> (<strong>NVTS</strong>).<br/><br/><strong>Credo&#39;s Results Fail to Impress</strong><br/><br/><strong>Credo Technology</strong> (<strong>CRDO</strong>) reported fiscal fourth-quarter sales and earnings that exceeded consensus estimates. However, its stock retreated from record highs during a volatile week following forecasts of contracting profit margins. The maker of AI data center connectivity equipment reported a 231% increase in earnings per share, with sales skyrocketing 157% to $437 million. Credo has now posted six consecutive quarters of triple-digit revenue growth, with one more quarter of such growth anticipated.<br/><br/><strong>Pharmaceutical and Biotechnology Developments</strong><br/><br/>The American Society of Clinical Oncology meeting in Chicago last week delivered mixed results for biopharmaceutical and medical technology stocks. Promising names such as <strong>Grail</strong> (<strong>GRAL</strong>) and <strong>Celcuity</strong> (<strong>CELC</strong>) saw sharp declines, while <strong>Legend Biotech</strong> (<strong>LEGN</strong>) shares surged more than 42% in a single day. Grail&#39;s stock tumbled after the company presented mixed results for its cancer-screening blood test, Galleri, while Celcuity plummeted on its breast cancer trial results. Celcuity&#39;s three-drug regimen doubled the likelihood of survival without disease progression, but the duration of this benefit decreased compared to earlier testing. Legend&#39;s stock rocketed after the biotech firm reported that all six lymphoma patients who received its in vivo CAR-T drug responded to the treatment. <strong>Bristol Myers Squibb</strong> (<strong>BMY</strong>), <strong>Pfizer</strong> (<strong>PFE</strong>), and <strong>AstraZeneca</strong> (<strong>AZN</strong>) also reported positive test results in multiple myeloma, colon cancer, and liver cancer, respectively.<br/><br/><strong>Argan Delivers Strong Earnings Beat</strong><br/><br/>The heavy construction firm&#39;s earnings more than doubled, easily surpassing expectations, fueled by ongoing strength in electrification and reshoring trends. Revenue jumped 50% to $291 million, accelerating rapidly from a 2% gain in the August-October quarter and a 13% increase in the prior quarter. Its backlog, however, eased to $2.767 billion. CEO David Watson described the project pipeline as &#34;robust,&#34; citing strong demand for factory onshoring, data center expansion, and broader electrification trends. The company&#39;s shares advanced.<br/><br/><strong>China EV Manufacturers and Tesla Lifted by Export Performance</strong><br/><br/>In May, the highly competitive Chinese electric vehicle market produced mixed results as leading automakers pivoted toward international growth. <strong>BYD</strong> (<strong>BYDDF</strong>), the global EV leader, reported a marginal 0.2% monthly gain with 383,453 vehicles sold, though its overseas sales surged by 80%. Meanwhile, Leapmotor and <strong>Nio</strong> (<strong>NIO</strong>) posted substantial year-over-year delivery increases of 81% and 62.3%, respectively. In contrast, smaller players like <strong>XPeng</strong> (<strong>XPEV</strong>) and <strong>Li Auto</strong> (<strong>LI</strong>) struggled, facing respective declines of 4% and 18.4%.<br/><br/>Amid this intense competition, Tesla&#39;s operations in China showed continued recovery. The Shanghai factory delivered 85,982 cars in May, a 39% increase compared to a year earlier. Year-to-date, Tesla&#39;s China-made vehicle sales are up 29%, supported by exports as domestic sales face some challenges.<br/><br/><strong>Discount Retailers Decline on Mixed Financials</strong><br/><br/><strong>Five Below</strong> (<strong>FIVE</strong>) on Wednesday surpassed estimates with a 158% increase in adjusted earnings on 32.5% revenue growth. Comparable sales spiked 22.7%. Five Below also raised its 2026 earnings and revenue forecasts. However, analysts reduced price targets after management cited consumer concerns, leading to a sharp drop in the stock price. <strong>Ollie&#39;s Bargain Outlet</strong> (<strong>OLLI</strong>) on Wednesday reported a 21% gain in earnings per share, exceeding expectations, but its 14% sales growth fell short. Ollie&#39;s lifted its full-year adjusted earnings outlook but trimmed its sales forecast. OLLI stock fell sharply for the week, hitting two-year lows. <strong>Dollar General</strong> (<strong>DG</strong>) on Tuesday topped earnings expectations but missed on sales growth. The company slightly raised its 2026 earnings guidance. Its shares declined.</p><p style=\"text-align: left;\"><strong>Stock Market News In Brief</strong><br/><br/><strong>Victoria&#39;s Secret</strong> (<strong>VSXY</strong>) announced a 15% increase in first-quarter fiscal sales, reaching $1.56 billion, with comparable sales up 13% and adjusted earnings per share surging to 60 cents from 9 cents. The results significantly exceeded the intimate apparel retailer&#39;s own projections and analyst expectations. The company attributed the strong performance to a greater proportion of sales at regular prices and fewer promotions, which helped offset challenges from tariffs. Victoria&#39;s Secret also upgraded its financial outlook for both the current quarter and the full fiscal year. Following the announcement, the company&#39;s stock price skyrocketed 47% on Tuesday, marking its largest single-day gain ever.<br/><br/><strong>Generac</strong> (<strong>GNRC</strong>) disclosed that it secured an agreement to supply backup power generators to a major hyperscale data center operator. While specific financial details were not released, the company noted that demand from data centers is a primary driver of its growth. The news propelled the stock to a new record high.<br/><br/><strong>Quantinuum</strong> (<strong>QNT</strong>) launched its initial public offering at $60 per share, a price above its anticipated range. The company sold an increased offering of 28 million shares, raising $1.68 billion and achieving an initial market valuation of $15.6 billion. Quantinuum, which remains majority-controlled by its parent company <strong>Honeywell</strong> (<strong>HON</strong>), saw its shares rise as much as 18% on its first trading day before closing with a minimal gain. The stock subsequently fell below its IPO price by Friday. The quantum computing sector continues to see new public listings, though companies within it are still not profitable as they work towards commercializing the technology.<br/><br/><strong>Liftoff Mobile</strong> (<strong>LFTO</strong>), a company seen as a potential competitor to <strong>AppLovin</strong> (<strong>APP</strong>) in the mobile advertising technology market, completed its IPO. It sold 19 million shares at $23 each, exceeding its projected price range of $20 to $22. The stock surged 24% during its market debut on Thursday. For the previous year, Liftoff Mobile reported a net loss of $23.1 million on revenue of $685 million.<br/><br/><strong>Planet Labs</strong> (<strong>PL</strong>) reported a quarterly loss that was smaller than analysts had forecast, while its revenue grew 42% to $94.2 million. The satellite imaging and data analytics firm provided sales guidance for 2027 in the range of $425 million to $441 million. However, it expects its adjusted EBITDA to be between breakeven and a profit of $10 million. Planet Labs also announced a new at-the-market equity offering program to raise up to $1.5 billion. Following these announcements, the company&#39;s stock price declined sharply, falling below its 50-day moving average.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDG":"2倍做多NVDA ETF- Leverage Shares","DLLL":"2倍做多DELL ETF-GraniteShares","AVS":"1倍做空AVGO ETF-Direxion","NVDD":"1倍做空NVDA ETF-Direxion","AVGG":"2倍做多AVGO ETF-Leverage Shares","NVDY":"NVDA期权收益策略ETF-YieldMax","NVDB":"ProShares Ultra NVDA ETF","CRDU":"Tradr 2X Long CRDO Daily ETF","AVGU":"2倍做多AVGO ETF-GraniteShares","NVD":"2倍做空NVDA ETF-GraniteShares","NVDA":"英伟达","ANV":"GraniteShares Autocallable NVDA ETF","NVDX":"2倍做多NVDA ETF-T-Rex","DELL":"戴尔","AVGW":"Roundhill AVGO WeeklyPay ETF","NVDO":"2倍上限加速NVDA ETF-Leverage Shares","NVDW":"NVDA周配息ETF-Roundhill","07388":"南方两倍做空英伟达","AVGX":"2倍做多AVGO ETF-Defiance","NVDU":"2倍做多NVDA ETF-Direxion","NVII":"Rex NVDA Growth & Income ETF","CRDO":"Credo Technology Group Holding Ltd","NVDS":"1.5倍做空NVDA ETF-Tradr","07788":"南方两倍做多英伟达","AVL":"2倍做多AVGO ETF-Direxion","NVDQ":"2倍做空NVDA ETF-T-Rex","DIPS":"做空NVDA期权收益策略ETF-YieldMax","AVGO":"博通","NVDL":"2倍做多NVDA ETF-GraniteShares","NVYY":"GraniteShares YieldBOOST NVDA ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122938658","content_text":"The Nasdaq marked its worst week since April—mostly driven by Friday’s selloff as enthusiasm for artificial intelligence and semiconductor stocks cooled following quarterly reports from Broadcom (AVGO) and Ciena (CIEN).Hewlett Packard Enterprise (HPE) shares surged dramatically after the company reported results that exceeded expectations and raised its outlook.Cybersecurity stocks Palo Alto Networks (PANW), CrowdStrike (CRWD), and Rubrik (RBRK) pulled back following their earnings announcements, though this came after substantial prior gains.SpaceX (SPCX) established a price target for its initial public offering, which is anticipated to launch late next week.Crude oil futures climbed but trimmed their weekly advances.Treasury yields increased, influenced by rising oil prices and a robust employment report.Market Performance and Key Index MovementsThe Dow Jones led major indices over the past week, reaching new highs.The S&P 500 declined solidly, while the Nasdaq tumbled, with both indices ending lengthy weekly winning streaks.The Nasdaq fell below its 21-day line for the first time since the current market rally was confirmed.AI and semiconductor stocks faced substantial selling pressure during the week, partly in reaction to declines in Broadcom (AVGO) and Ciena (CIEN).Crude oil prices surged but later gave back some of the weekly increase.Treasury yields jumped, supported by a strong jobs report.Robust Employment DataFriday's employment report came in twice as strong as anticipated, showing the addition of 172,000 jobs.This strength was sufficient to increase market expectations for a Federal Reserve interest rate hike by the end of the year.A 43,500 increase in local government payrolls marked the largest gain since 2019, though similar increases were reversed in the following two months that year.Meanwhile, a surge of 70,000 jobs in leisure and hospitality was likely boosted by hiring ahead of the World Cup.Upward revisions to March and April data added 93,000 more jobs, resulting in an average monthly gain of 188,000 over the prior three months.Coupled with a stable 4.3% unemployment rate, the data suggests the Federal Reserve need not worry about labor market weakness and can maintain its focus on inflation.Broadcom Stock Declines Despite Strong ResultsChip designer and infrastructure software provider Broadcom (AVGO) slightly exceeded analyst expectations for its fiscal second quarter and provided a positive outlook.However, the stock fell as investors had hoped for even stronger results.Broadcom's Q2 adjusted earnings increased 54% while sales jumped 48% to $22.19 billion.This marked the company's fourth consecutive quarter of accelerating revenue growth, with even faster gains projected for the next two quarters.For the current quarter ending August 2, Broadcom forecast revenue surging 84% to $29.4 billion.Ciena's Market Reaction DisappointsCiena (CIEN) reported fiscal Q2 earnings that soared 290%, with revenue growing 40% to $1.57 billion, boosted by data center orders.Both metrics modestly beat expectations.The manufacturer of optical communications equipment provided a slightly higher revenue outlook for Q3 and the full year.Ciena stock gapped down on Thursday but managed to hold support at its 50-day moving average.Hewlett Packard Enterprise Shares SoarHewlett Packard Enterprise (HPE) announced fiscal Q2 earnings rose 107%, with sales increasing 40% to $10.7 billion, including results from recently acquired Juniper Networks.Both figures easily surpassed expectations.Revenue from cloud and AI, which includes its AI server business, rose 23% to $7.71 billion, exceeding estimates of $6.93 billion.For the current quarter, HPE provided significantly higher guidance for fiscal Q3 and full-year revenue and also issued guidance for fiscal 2027.HPE stock spiked to a fresh high, extending its winning streak to 13 consecutive weeks.SpaceX Details IPO Plans and ValuationSpaceX presented its case to investors ahead of its expected initial public offering, which is scheduled to price on June 11 and begin trading on the Nasdaq the following day.The company plans to offer 555.6 million shares at $135 each, aiming to raise $75 billion with an initial valuation of $1.77 trillion.The spaceship, broadband, and AI company outlined ambitious goals supported by CEO Elon Musk, including establishing a lunar base with manufacturing and energy production capabilities.It sees a total addressable market potential of up to $28.5 trillion.The company plans to deploy its reusable Starship next year and launch space-based data centers in 2028.SpaceX also intends to manufacture its own chips, in collaboration with sister company Tesla (TSLA).In 2025, SpaceX generated $18.674 billion in sales, reported an operating loss of $2.589 billion, and had adjusted EBITDA of $6.584 billion.Elon Musk is restricted from selling shares for one year following the IPO.The stock will trade under the symbol SPCX.S&P Dow Jones Indices decided not to alter or waive entry requirements for mega-cap IPOs, meaning SpaceX will not be eligible for inclusion in the S&P 500 for at least 12 months after going public.Cybersecurity SectorCrowdStrike Holdings (CRWD) announced a 51% rise in first-quarter earnings, with revenue climbing 26% to $1.39 billion, inclusive of acquisitions. Total annualized recurring revenue grew 24% to $5.51 billion, slightly exceeding expectations. The company provided fiscal second-quarter revenue guidance that was marginally higher and declared a four-for-one stock split. Palo Alto Networks (PANW) reported flat fiscal third-quarter profit, while revenue increased 31% to $3 billion, which included a $388 million contribution from acquisitions, also slightly beating forecasts. Subscription-based ARR reached $8.1 billion, modestly above estimates. For the quarter ending in July, Palo Alto anticipates revenue of $3.35 billion, including acquisitions, and remaining performance obligations of $20.95 billion, surpassing estimates of $3.28 billion in sales and $20.25 billion in RPO.Data storage and security software firm Rubrik (RBRK) reported adjusted first-quarter earnings of 16 cents per share, a turnaround from a 15-cent loss per share a year earlier. Revenue surged 39% to $387.1 million, exceeding analyst predictions of a 3-cent loss on revenue of $366.3 million. Annual recurring revenue rose 32% to $1.57 billion. For the current quarter ending in July, Rubrik forecast revenue of $396 million at the midpoint of its guidance range, topping estimates of $383.5 million.Nvidia Makes Move into AI PC ArenaNvidia (NVDA) unveiled an AI-enabled personal computer chip, RTX Spark, at the Computex trade show in Taiwan. PC manufacturers including Dell (DELL) and HP (HPQ) will incorporate the new chip into laptop and desktop PCs designed for agentic AI applications starting this autumn. The Nvidia PC chip will compete with processors from established players AMD (AMD) and Intel (INTC). In other news from Computex, Marvell Technology (MRVL) announced the availability of the industry's first 102.4 terabits-per-second switch silicon designed specifically for AI and cloud data center infrastructure. Marvell's stock soared to record levels after Nvidia CEO Jensen Huang suggested the company could be the next to reach a $1 trillion market capitalization. Other companies gaining on news from the event included Arm Holdings (ARM), Cadence Design Systems (CDNS), and Navitas Semiconductor (NVTS).Credo's Results Fail to ImpressCredo Technology (CRDO) reported fiscal fourth-quarter sales and earnings that exceeded consensus estimates. However, its stock retreated from record highs during a volatile week following forecasts of contracting profit margins. The maker of AI data center connectivity equipment reported a 231% increase in earnings per share, with sales skyrocketing 157% to $437 million. Credo has now posted six consecutive quarters of triple-digit revenue growth, with one more quarter of such growth anticipated.Pharmaceutical and Biotechnology DevelopmentsThe American Society of Clinical Oncology meeting in Chicago last week delivered mixed results for biopharmaceutical and medical technology stocks. Promising names such as Grail (GRAL) and Celcuity (CELC) saw sharp declines, while Legend Biotech (LEGN) shares surged more than 42% in a single day. Grail's stock tumbled after the company presented mixed results for its cancer-screening blood test, Galleri, while Celcuity plummeted on its breast cancer trial results. Celcuity's three-drug regimen doubled the likelihood of survival without disease progression, but the duration of this benefit decreased compared to earlier testing. Legend's stock rocketed after the biotech firm reported that all six lymphoma patients who received its in vivo CAR-T drug responded to the treatment. Bristol Myers Squibb (BMY), Pfizer (PFE), and AstraZeneca (AZN) also reported positive test results in multiple myeloma, colon cancer, and liver cancer, respectively.Argan Delivers Strong Earnings BeatThe heavy construction firm's earnings more than doubled, easily surpassing expectations, fueled by ongoing strength in electrification and reshoring trends. Revenue jumped 50% to $291 million, accelerating rapidly from a 2% gain in the August-October quarter and a 13% increase in the prior quarter. Its backlog, however, eased to $2.767 billion. CEO David Watson described the project pipeline as \"robust,\" citing strong demand for factory onshoring, data center expansion, and broader electrification trends. The company's shares advanced.China EV Manufacturers and Tesla Lifted by Export PerformanceIn May, the highly competitive Chinese electric vehicle market produced mixed results as leading automakers pivoted toward international growth. BYD (BYDDF), the global EV leader, reported a marginal 0.2% monthly gain with 383,453 vehicles sold, though its overseas sales surged by 80%. Meanwhile, Leapmotor and Nio (NIO) posted substantial year-over-year delivery increases of 81% and 62.3%, respectively. In contrast, smaller players like XPeng (XPEV) and Li Auto (LI) struggled, facing respective declines of 4% and 18.4%.Amid this intense competition, Tesla's operations in China showed continued recovery. The Shanghai factory delivered 85,982 cars in May, a 39% increase compared to a year earlier. Year-to-date, Tesla's China-made vehicle sales are up 29%, supported by exports as domestic sales face some challenges.Discount Retailers Decline on Mixed FinancialsFive Below (FIVE) on Wednesday surpassed estimates with a 158% increase in adjusted earnings on 32.5% revenue growth. Comparable sales spiked 22.7%. Five Below also raised its 2026 earnings and revenue forecasts. However, analysts reduced price targets after management cited consumer concerns, leading to a sharp drop in the stock price. Ollie's Bargain Outlet (OLLI) on Wednesday reported a 21% gain in earnings per share, exceeding expectations, but its 14% sales growth fell short. Ollie's lifted its full-year adjusted earnings outlook but trimmed its sales forecast. OLLI stock fell sharply for the week, hitting two-year lows. Dollar General (DG) on Tuesday topped earnings expectations but missed on sales growth. The company slightly raised its 2026 earnings guidance. Its shares declined.Stock Market News In BriefVictoria's Secret (VSXY) announced a 15% increase in first-quarter fiscal sales, reaching $1.56 billion, with comparable sales up 13% and adjusted earnings per share surging to 60 cents from 9 cents. The results significantly exceeded the intimate apparel retailer's own projections and analyst expectations. The company attributed the strong performance to a greater proportion of sales at regular prices and fewer promotions, which helped offset challenges from tariffs. Victoria's Secret also upgraded its financial outlook for both the current quarter and the full fiscal year. Following the announcement, the company's stock price skyrocketed 47% on Tuesday, marking its largest single-day gain ever.Generac (GNRC) disclosed that it secured an agreement to supply backup power generators to a major hyperscale data center operator. While specific financial details were not released, the company noted that demand from data centers is a primary driver of its growth. The news propelled the stock to a new record high.Quantinuum (QNT) launched its initial public offering at $60 per share, a price above its anticipated range. The company sold an increased offering of 28 million shares, raising $1.68 billion and achieving an initial market valuation of $15.6 billion. Quantinuum, which remains majority-controlled by its parent company Honeywell (HON), saw its shares rise as much as 18% on its first trading day before closing with a minimal gain. The stock subsequently fell below its IPO price by Friday. The quantum computing sector continues to see new public listings, though companies within it are still not profitable as they work towards commercializing the technology.Liftoff Mobile (LFTO), a company seen as a potential competitor to AppLovin (APP) in the mobile advertising technology market, completed its IPO. It sold 19 million shares at $23 each, exceeding its projected price range of $20 to $22. The stock surged 24% during its market debut on Thursday. For the previous year, Liftoff Mobile reported a net loss of $23.1 million on revenue of $685 million.Planet Labs (PL) reported a quarterly loss that was smaller than analysts had forecast, while its revenue grew 42% to $94.2 million. The satellite imaging and data analytics firm provided sales guidance for 2027 in the range of $425 million to $441 million. However, it expects its adjusted EBITDA to be between breakeven and a profit of $10 million. Planet Labs also announced a new at-the-market equity offering program to raise up to $1.5 billion. Following these announcements, the company's stock price declined sharply, falling below its 50-day moving average.","news_type":1,"symbols_score_info":{"NVDO":0.6,"NVDD":0.6,"AVL":0.6,"NVDS":0.6,"AVGG":0.6,"AVGU":0.6,"NVYY":0.6,"DELL":2,"NVDY":0.6,"NVDX":0.6,"DIPS":0.6,"ANV":0.6,"NVD":0.6,"CRDO":2,"07788":0.6,"NVDW":0.6,"NVDL":0.6,"AVGW":0.6,"NVDU":0.6,"NVDA":2,"NVDG":0.6,"NVII":0.6,"AVS":0.6,"AVGO":2,"AVGX":0.6,"NVDQ":0.6,"07388":0.6,"DLLL":0.6,"NVDB":0.6,"CRDU":0.6}},"isVote":1,"tweetType":1,"viewCount":736,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":571938602206448,"gmtCreate":1780655932364,"gmtModify":1780655934052,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4170531311945842","idStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/571938602206448","repostId":"1101037150","repostType":2,"repost":{"id":"1101037150","kind":"news","weMediaInfo":{"introduction":"Magic option strategies for extra income.","home_visible":1,"media_name":"Option Witch","id":"1016323842","head_image":"https://community-static.tradeup.com/news/7471350466f20d36ee3112d77c72cd89"},"pubTimestamp":1780646927,"share":"https://ttm.financial/m/news/1101037150?lang=en_US&edition=fundamental","pubTime":"2026-06-05 16:08","market":"us","language":"en","title":"Option Focus | Institutions See Limited Upside in Microsoft, Sell $500/$550 Calls and Shift Toward Premium-Collection Strategies","url":"https://stock-news.laohu8.com/highlight/detail?id=1101037150","media":"Option Witch","summary":"Microsoft shares closed at $428.05 on Thursday, up 0.17%. With the stock continuing to consolidate near record highs, unusual activity has emerged in the options market. A notable transaction...","content":"<html><head></head><body><p style=\"text-align: left;\">Microsoft shares closed at $428.05 on Thursday, up 0.17%. With the stock continuing to consolidate near record highs, unusual activity has emerged in the options market. A notable transaction involving the sale of March 2027 $540 call options generated more than $3.55 million in premium, drawing market attention. Combined with other recent options flows, the data suggest that institutional investors may be shifting toward premium-collection strategies rather than positioning for substantial upside.</p><h2 style=\"text-align: left;\">Options Metrics</h2><p style=\"text-align: left;\">As of June 5, 2026, Microsoft&#39;s implied volatility (IV) stood at 27.59%, with an IV percentile of 57.77%.</p><p style=\"text-align: left;\">This places volatility within the broadly neutral 30%-70% range, indicating that options are neither meaningfully overvalued nor undervalued. Such conditions generally provide a balanced environment for implementing options strategies.</p><p style=\"text-align: left;\">Meanwhile, the day&#39;s call-to-put volume ratio reached 3.30, highlighting significantly stronger trading activity in call options relative to puts. However, a closer look at block trades suggests that the elevated call volume may be driven less by outright bullish positioning and more by investors selling call options to harvest premium income.</p><h2 style=\"text-align: left;\">Block Trade Activity</h2><p style=\"text-align: left;\">Large options transactions over the past one to two trading sessions provide further insight into institutional positioning.</p><p style=\"text-align: left;\">The most notable trade was the sale of 1,750 contracts of the March 19, 2027 $540 out-of-the-money call option, generating approximately $3.55 million in premium.</p><p style=\"text-align: left;\"><strong><a class=\"teditor-mention\" data-mention-id=\"MSFT 20270319 540.0 CALL\" data-mention-name=\"MSFT\" href=\"https://ttm.financial/OPT/MSFT%2020270319%20540.0%20CALL\" target=\"_blank\" rel=\"noopener noreferrer\">$MSFT 20270319 540.0 CALL$</a></strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d2e39203b8353d143eeb9ed1905dfc0b\" data-align=\"center\" tg-width=\"1169\" tg-height=\"468\"/><span>Source: Tiger Trade App</span></p><p style=\"text-align: left;\">The sizeable sale of long-dated out-of-the-money calls is typically interpreted as either a cautious view on Microsoft&#39;s longer-term upside potential or part of a covered-call strategy designed to monetize option premium.</p><p style=\"text-align: left;\">Additional selling activity was also concentrated in shorter-dated out-of-the-money calls. For example, investors sold 2,177 contracts of the August 21, 2026 $500 call option, collecting roughly $1.96 million in premium.</p><p style=\"text-align: left;\"><strong><a class=\"teditor-mention\" data-mention-id=\"MSFT 20260821 500.0 CALL\" data-mention-name=\"MSFT\" href=\"https://ttm.financial/OPT/MSFT%2020260821%20500.0%20CALL\" target=\"_blank\" rel=\"noopener noreferrer\">$MSFT 20260821 500.0 CALL$</a> </strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ba672a84af26b70f075d56b145761f87\" data-align=\"center\" tg-width=\"1169\" tg-height=\"498\"/><span>Source: Tiger Trade App</span></p><p style=\"text-align: left;\">Although there were also bullish transactions, including the purchase of 2,859 contracts of the July 17, 2026 $500 call option worth approximately $776,700, aggregate call-selling activity significantly outweighed call buying. Total premium generated from call sales approached $5.5 million, far exceeding the value and volume of bullish call purchases.</p><p style=\"text-align: left;\">Taken together, the flow suggests institutional investors remain broadly neutral to moderately bearish on the stock&#39;s near-term upside prospects, with a preference for generating income through the sale of out-of-the-money options and capturing time-decay premiums.</p><h2 style=\"text-align: left;\">Strategy Takeaways</h2><p style=\"text-align: left;\">For investors who share the institutional view that Microsoft&#39;s upside may be limited while volatility remains relatively neutral, selling deep out-of-the-money call options with low delta exposure (for example, below 0.30) may offer an opportunity to collect premium income.</p><p style=\"text-align: left;\">For those seeking a more conservative approach and looking to avoid unlimited risk exposure or substantial margin requirements, a call credit spread—such as a bear call spread—may provide a more risk-defined alternative while still benefiting from time decay and limited upside expectations.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Option Focus | Institutions See Limited Upside in Microsoft, Sell $500/$550 Calls and Shift Toward Premium-Collection Strategies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOption Focus | Institutions See Limited Upside in Microsoft, Sell $500/$550 Calls and Shift Toward Premium-Collection Strategies\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1016323842\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/7471350466f20d36ee3112d77c72cd89);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Option Witch </p>\n<p class=\"h-time\">2026-06-05 16:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Microsoft shares closed at $428.05 on Thursday, up 0.17%. With the stock continuing to consolidate near record highs, unusual activity has emerged in the options market. A notable transaction involving the sale of March 2027 $540 call options generated more than $3.55 million in premium, drawing market attention. Combined with other recent options flows, the data suggest that institutional investors may be shifting toward premium-collection strategies rather than positioning for substantial upside.</p><h2 style=\"text-align: left;\">Options Metrics</h2><p style=\"text-align: left;\">As of June 5, 2026, Microsoft&#39;s implied volatility (IV) stood at 27.59%, with an IV percentile of 57.77%.</p><p style=\"text-align: left;\">This places volatility within the broadly neutral 30%-70% range, indicating that options are neither meaningfully overvalued nor undervalued. Such conditions generally provide a balanced environment for implementing options strategies.</p><p style=\"text-align: left;\">Meanwhile, the day&#39;s call-to-put volume ratio reached 3.30, highlighting significantly stronger trading activity in call options relative to puts. However, a closer look at block trades suggests that the elevated call volume may be driven less by outright bullish positioning and more by investors selling call options to harvest premium income.</p><h2 style=\"text-align: left;\">Block Trade Activity</h2><p style=\"text-align: left;\">Large options transactions over the past one to two trading sessions provide further insight into institutional positioning.</p><p style=\"text-align: left;\">The most notable trade was the sale of 1,750 contracts of the March 19, 2027 $540 out-of-the-money call option, generating approximately $3.55 million in premium.</p><p style=\"text-align: left;\"><strong><a class=\"teditor-mention\" data-mention-id=\"MSFT 20270319 540.0 CALL\" data-mention-name=\"MSFT\" href=\"https://ttm.financial/OPT/MSFT%2020270319%20540.0%20CALL\" target=\"_blank\" rel=\"noopener noreferrer\">$MSFT 20270319 540.0 CALL$</a></strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d2e39203b8353d143eeb9ed1905dfc0b\" data-align=\"center\" tg-width=\"1169\" tg-height=\"468\"/><span>Source: Tiger Trade App</span></p><p style=\"text-align: left;\">The sizeable sale of long-dated out-of-the-money calls is typically interpreted as either a cautious view on Microsoft&#39;s longer-term upside potential or part of a covered-call strategy designed to monetize option premium.</p><p style=\"text-align: left;\">Additional selling activity was also concentrated in shorter-dated out-of-the-money calls. For example, investors sold 2,177 contracts of the August 21, 2026 $500 call option, collecting roughly $1.96 million in premium.</p><p style=\"text-align: left;\"><strong><a class=\"teditor-mention\" data-mention-id=\"MSFT 20260821 500.0 CALL\" data-mention-name=\"MSFT\" href=\"https://ttm.financial/OPT/MSFT%2020260821%20500.0%20CALL\" target=\"_blank\" rel=\"noopener noreferrer\">$MSFT 20260821 500.0 CALL$</a> </strong></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ba672a84af26b70f075d56b145761f87\" data-align=\"center\" tg-width=\"1169\" tg-height=\"498\"/><span>Source: Tiger Trade App</span></p><p style=\"text-align: left;\">Although there were also bullish transactions, including the purchase of 2,859 contracts of the July 17, 2026 $500 call option worth approximately $776,700, aggregate call-selling activity significantly outweighed call buying. Total premium generated from call sales approached $5.5 million, far exceeding the value and volume of bullish call purchases.</p><p style=\"text-align: left;\">Taken together, the flow suggests institutional investors remain broadly neutral to moderately bearish on the stock&#39;s near-term upside prospects, with a preference for generating income through the sale of out-of-the-money options and capturing time-decay premiums.</p><h2 style=\"text-align: left;\">Strategy Takeaways</h2><p style=\"text-align: left;\">For investors who share the institutional view that Microsoft&#39;s upside may be limited while volatility remains relatively neutral, selling deep out-of-the-money call options with low delta exposure (for example, below 0.30) may offer an opportunity to collect premium income.</p><p style=\"text-align: left;\">For those seeking a more conservative approach and looking to avoid unlimited risk exposure or substantial margin requirements, a call credit spread—such as a bear call spread—may provide a more risk-defined alternative while still benefiting from time decay and limited upside expectations.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFD":"1倍做空MSFT ETF-Direxion","MSFU":"2倍做多MSFT ETF-Direxion","MSFY":"Kurv Yield Premium Strategy Microsoft (MSFT) ETF","MSFL":"2倍做多MSFT ETF-GraniteShares","MSFT":"微软","MSFW":"Roundhill MSFT WeeklyPay ETF","MSFO":"MSFT期权收益策略ETF-YieldMax","MSFX":"2倍做多MSFT ETF-T-Rex"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101037150","content_text":"Microsoft shares closed at $428.05 on Thursday, up 0.17%. With the stock continuing to consolidate near record highs, unusual activity has emerged in the options market. A notable transaction involving the sale of March 2027 $540 call options generated more than $3.55 million in premium, drawing market attention. Combined with other recent options flows, the data suggest that institutional investors may be shifting toward premium-collection strategies rather than positioning for substantial upside.Options MetricsAs of June 5, 2026, Microsoft's implied volatility (IV) stood at 27.59%, with an IV percentile of 57.77%.This places volatility within the broadly neutral 30%-70% range, indicating that options are neither meaningfully overvalued nor undervalued. Such conditions generally provide a balanced environment for implementing options strategies.Meanwhile, the day's call-to-put volume ratio reached 3.30, highlighting significantly stronger trading activity in call options relative to puts. However, a closer look at block trades suggests that the elevated call volume may be driven less by outright bullish positioning and more by investors selling call options to harvest premium income.Block Trade ActivityLarge options transactions over the past one to two trading sessions provide further insight into institutional positioning.The most notable trade was the sale of 1,750 contracts of the March 19, 2027 $540 out-of-the-money call option, generating approximately $3.55 million in premium.$MSFT 20270319 540.0 CALL$Source: Tiger Trade AppThe sizeable sale of long-dated out-of-the-money calls is typically interpreted as either a cautious view on Microsoft's longer-term upside potential or part of a covered-call strategy designed to monetize option premium.Additional selling activity was also concentrated in shorter-dated out-of-the-money calls. For example, investors sold 2,177 contracts of the August 21, 2026 $500 call option, collecting roughly $1.96 million in premium.$MSFT 20260821 500.0 CALL$ Source: Tiger Trade AppAlthough there were also bullish transactions, including the purchase of 2,859 contracts of the July 17, 2026 $500 call option worth approximately $776,700, aggregate call-selling activity significantly outweighed call buying. Total premium generated from call sales approached $5.5 million, far exceeding the value and volume of bullish call purchases.Taken together, the flow suggests institutional investors remain broadly neutral to moderately bearish on the stock's near-term upside prospects, with a preference for generating income through the sale of out-of-the-money options and capturing time-decay premiums.Strategy TakeawaysFor investors who share the institutional view that Microsoft's upside may be limited while volatility remains relatively neutral, selling deep out-of-the-money call options with low delta exposure (for example, below 0.30) may offer an opportunity to collect premium income.For those seeking a more conservative approach and looking to avoid unlimited risk exposure or substantial margin requirements, a call credit spread—such as a bear call spread—may provide a more risk-defined alternative while still benefiting from time decay and limited upside expectations.","news_type":1,"symbols_score_info":{"MSFL":0.6,"MSFX":0.6,"MSFW":0.6,"MSFU":0.6,"MSFY":0.6,"MSFO":0.6,"MSFT":2,"MSFD":0.6}},"isVote":1,"tweetType":1,"viewCount":801,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":571715974849032,"gmtCreate":1780601714641,"gmtModify":1780601717556,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4170531311945842","idStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/571715974849032","repostId":"2641116438","repostType":2,"repost":{"id":"2641116438","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1780599900,"share":"https://ttm.financial/m/news/2641116438?lang=en_US&edition=fundamental","pubTime":"2026-06-05 03:05","market":"nz","language":"en","title":"Stocks Just Flashed a Rare Market Signal. Here's What It Could Mean. -- Barrons.com","url":"https://stock-news.laohu8.com/highlight/detail?id=2641116438","media":"Dow Jones","summary":"Wall Street is making room for a big wave of new stock listings, capital raises, and new investment themes this week, much of it linked to the AI investment theme that has powered markets higher for much of the past three years.And that has stocks doing something they haven't done in a very long time.The NYSE Tick Index, little-known outside of Wall Street but closely tracked within it, measures market breadth by comparing the number of stocks trading on upticks with those trading on downticks.That suggests a worrying loss of short-term buying momentum for a market that has gained more than 15% over the past two months, powered by a near 20% advance for an index of the so-called Magnificent Seven tech stocks and a stunning 68% advance for the PHLX Semiconductor Index.\"It's too early to say if this is simply a mild bout of profit-taking, or a harbinger of a more protracted and deeper retreat,\" said David Morrison, senior market analyst at Trade Nation. \"But investors will be mindful of ","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Martin Baccardax \n</p>\n<p>\n  Wall Street is making room for a big wave of new stock listings, capital raises, and new investment themes this week, much of it linked to the AI investment theme that has powered markets higher for much of the past three years. \n</p>\n<p>\n  And that has stocks doing something they haven't done in a very long time. \n</p>\n<p>\n  The NYSE Tick Index, little-known outside of Wall Street but closely tracked within it, measures market breadth by comparing the number of stocks trading on upticks with those trading on downticks. \n</p>\n<p>\n  Wednesday's trading session, which marked the end of the market's nine-day rally, the longest in a year, also indicated the first sub-500 reading for the Tick Index since September of 2023, as noted by Tom Hearden, a senior trader at Skylands Capital in Milwaukee. \n</p>\n<p>\n  That suggests a worrying loss of short-term buying momentum for a market that has gained more than 15% over the past two months, powered by a near 20% advance for an index of the so-called Magnificent Seven tech stocks and a stunning 68% advance for the PHLX Semiconductor Index. \n</p>\n<p>\n  Coming as it does amid a new round of warnings that the tech trade is reaching bubble-like conditions, and ahead of the biggest IPO in market history next week, it's worth heeding. \n</p>\n<p>\n  \"For a lot of investors, this avalanche of supply awakens dark memories of other ebullient markets,\" said Giuseppe Sette, co-founder and president of Reflexivity, an AI solutions group focused on the investment industry. \n</p>\n<p>\n  He thinks investors are grappling with two distinct options: sticking with the market and risking a pullback, or loading into bonds until the IPO wave is complete. How you answer that, of course, depends on your perspective. \n</p>\n<p>\n  \"If the market was 10% lower after the IPOs, would you buy?,\" Sette asked. \"Because if the answer is yes, then you should stay in the market.\" \n</p>\n<p>\n  There's at least a sliver of evidence that some investors are taking Sette's second option. \n</p>\n<p>\n  Benchmark Treasury bond yields were moving lower on Thursday, pushing prices higher, as stocks extend their tech-led decline to a second consecutive session. \n</p>\n<p>\n  That's coming amid better than expected jobs and activity data, which is stoking bets on Federal Reserve rate hikes over the back half of the year, as well as persistent concerns over debt and deficit levels tied to the One Big Beautiful Bill Act which came into effect earlier this year. \n</p>\n<p>\n  Stocks, however, are in retreat, with the S&amp;P 500 on track for a second straight decline -- the first back-to-back losses since mid-May -- even after better-than-expected earnings from Broadcom. \n</p>\n<p>\n  \"It's too early to say if this is simply a mild bout of profit-taking, or a harbinger of a more protracted and deeper retreat,\" said David Morrison, senior market analyst at Trade Nation. \"But investors will be mindful of the extraordinary gains made in semiconductors over the past two months, and the upcoming SpaceX IPO which is sure to suck some money out of outperforming stocks.\" \n</p>\n<p>\n  Stocks are facing a tough stretch over the days ahead, with payroll data on Friday, SpaceX's $1.8 trillion listing next Friday and the first Federal Reserve meeting under the leadership of new chairman Kevin Warsh the following week. \n</p>\n<p>\n  And the first-quarter earnings season -- the strongest in five years -- is largely complete and likely already reflected in stock prices. \n</p>\n<p>\n  \"The S&amp;P 500 may face a necessary technical correction in the short term, as the index is being pressured by profit-taking, geopolitical risks, higher oil prices, and less clear Fed expectations,\" said Linh Tran, Market Analyst at XS.com. \n</p>\n<p>\n  \"But the more reasonable scenario is a consolidation phase after a strong rally, before the market receives clearer signals from labor data, inflation figures, and earnings results from the technology sector,\" she added. \n</p>\n<p>\n  Write to Martin Baccardax at martin.baccardax@barrons.com \n</p>\n<p>\n   This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2026 15:05 ET (19:05 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stocks Just Flashed a Rare Market Signal. Here's What It Could Mean. -- Barrons.com</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStocks Just Flashed a Rare Market Signal. Here's What It Could Mean. -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-05 03:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Martin Baccardax \n</p>\n<p>\n  Wall Street is making room for a big wave of new stock listings, capital raises, and new investment themes this week, much of it linked to the AI investment theme that has powered markets higher for much of the past three years. \n</p>\n<p>\n  And that has stocks doing something they haven't done in a very long time. \n</p>\n<p>\n  The NYSE Tick Index, little-known outside of Wall Street but closely tracked within it, measures market breadth by comparing the number of stocks trading on upticks with those trading on downticks. \n</p>\n<p>\n  Wednesday's trading session, which marked the end of the market's nine-day rally, the longest in a year, also indicated the first sub-500 reading for the Tick Index since September of 2023, as noted by Tom Hearden, a senior trader at Skylands Capital in Milwaukee. \n</p>\n<p>\n  That suggests a worrying loss of short-term buying momentum for a market that has gained more than 15% over the past two months, powered by a near 20% advance for an index of the so-called Magnificent Seven tech stocks and a stunning 68% advance for the PHLX Semiconductor Index. \n</p>\n<p>\n  Coming as it does amid a new round of warnings that the tech trade is reaching bubble-like conditions, and ahead of the biggest IPO in market history next week, it's worth heeding. \n</p>\n<p>\n  \"For a lot of investors, this avalanche of supply awakens dark memories of other ebullient markets,\" said Giuseppe Sette, co-founder and president of Reflexivity, an AI solutions group focused on the investment industry. \n</p>\n<p>\n  He thinks investors are grappling with two distinct options: sticking with the market and risking a pullback, or loading into bonds until the IPO wave is complete. How you answer that, of course, depends on your perspective. \n</p>\n<p>\n  \"If the market was 10% lower after the IPOs, would you buy?,\" Sette asked. \"Because if the answer is yes, then you should stay in the market.\" \n</p>\n<p>\n  There's at least a sliver of evidence that some investors are taking Sette's second option. \n</p>\n<p>\n  Benchmark Treasury bond yields were moving lower on Thursday, pushing prices higher, as stocks extend their tech-led decline to a second consecutive session. \n</p>\n<p>\n  That's coming amid better than expected jobs and activity data, which is stoking bets on Federal Reserve rate hikes over the back half of the year, as well as persistent concerns over debt and deficit levels tied to the One Big Beautiful Bill Act which came into effect earlier this year. \n</p>\n<p>\n  Stocks, however, are in retreat, with the S&amp;P 500 on track for a second straight decline -- the first back-to-back losses since mid-May -- even after better-than-expected earnings from Broadcom. \n</p>\n<p>\n  \"It's too early to say if this is simply a mild bout of profit-taking, or a harbinger of a more protracted and deeper retreat,\" said David Morrison, senior market analyst at Trade Nation. \"But investors will be mindful of the extraordinary gains made in semiconductors over the past two months, and the upcoming SpaceX IPO which is sure to suck some money out of outperforming stocks.\" \n</p>\n<p>\n  Stocks are facing a tough stretch over the days ahead, with payroll data on Friday, SpaceX's $1.8 trillion listing next Friday and the first Federal Reserve meeting under the leadership of new chairman Kevin Warsh the following week. \n</p>\n<p>\n  And the first-quarter earnings season -- the strongest in five years -- is largely complete and likely already reflected in stock prices. \n</p>\n<p>\n  \"The S&amp;P 500 may face a necessary technical correction in the short term, as the index is being pressured by profit-taking, geopolitical risks, higher oil prices, and less clear Fed expectations,\" said Linh Tran, Market Analyst at XS.com. \n</p>\n<p>\n  \"But the more reasonable scenario is a consolidation phase after a strong rally, before the market receives clearer signals from labor data, inflation figures, and earnings results from the technology sector,\" she added. \n</p>\n<p>\n  Write to Martin Baccardax at martin.baccardax@barrons.com \n</p>\n<p>\n   This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2026 15:05 ET (19:05 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPDN":"Direxion Daily S&P 500 Bear 1X Shares","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","LU2322448791.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (USD) INC","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","AVS":"1倍做空AVGO ETF-Direxion","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","VEU":"Vanguard FTSE All-World ex-US ETF","LU0784385170.HKD":"BGF GLOBAL MULTI ASSET INCOME \"A6\" (HKDHGD) INC","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU2168564222.USD":"AZ ALLOCATION - 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Global Growth Equity AS SGD-H","IE00BYV24P56.USD":"GUINNESS EMERGING MARKETS EQUITY INCOME \"C\" (USD) ACC","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","ITOT":"安硕核心标普全美股市ETF-iShares","LU0210533765.USD":"JPM GLOBAL GROWTH \"A\" (USD) ACC","LU1035775433.USD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (USD) INC","LU1400636657.SGD":"Allianz Europe Income and Growth Cl AMg DIS H2-SGD","LU2637965513.SGD":"BGF GLOBAL ALLOCATION \"A10\" (SGDHDG) INC","LU0345768740.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) INC","LU2244417387.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) ACC","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2641116438","content_text":"By Martin Baccardax \n\n\n  Wall Street is making room for a big wave of new stock listings, capital raises, and new investment themes this week, much of it linked to the AI investment theme that has powered markets higher for much of the past three years. \n\n\n  And that has stocks doing something they haven't done in a very long time. \n\n\n  The NYSE Tick Index, little-known outside of Wall Street but closely tracked within it, measures market breadth by comparing the number of stocks trading on upticks with those trading on downticks. \n\n\n  Wednesday's trading session, which marked the end of the market's nine-day rally, the longest in a year, also indicated the first sub-500 reading for the Tick Index since September of 2023, as noted by Tom Hearden, a senior trader at Skylands Capital in Milwaukee. \n\n\n  That suggests a worrying loss of short-term buying momentum for a market that has gained more than 15% over the past two months, powered by a near 20% advance for an index of the so-called Magnificent Seven tech stocks and a stunning 68% advance for the PHLX Semiconductor Index. \n\n\n  Coming as it does amid a new round of warnings that the tech trade is reaching bubble-like conditions, and ahead of the biggest IPO in market history next week, it's worth heeding. \n\n\n  \"For a lot of investors, this avalanche of supply awakens dark memories of other ebullient markets,\" said Giuseppe Sette, co-founder and president of Reflexivity, an AI solutions group focused on the investment industry. \n\n\n  He thinks investors are grappling with two distinct options: sticking with the market and risking a pullback, or loading into bonds until the IPO wave is complete. How you answer that, of course, depends on your perspective. \n\n\n  \"If the market was 10% lower after the IPOs, would you buy?,\" Sette asked. \"Because if the answer is yes, then you should stay in the market.\" \n\n\n  There's at least a sliver of evidence that some investors are taking Sette's second option. \n\n\n  Benchmark Treasury bond yields were moving lower on Thursday, pushing prices higher, as stocks extend their tech-led decline to a second consecutive session. \n\n\n  That's coming amid better than expected jobs and activity data, which is stoking bets on Federal Reserve rate hikes over the back half of the year, as well as persistent concerns over debt and deficit levels tied to the One Big Beautiful Bill Act which came into effect earlier this year. \n\n\n  Stocks, however, are in retreat, with the S&P 500 on track for a second straight decline -- the first back-to-back losses since mid-May -- even after better-than-expected earnings from Broadcom. \n\n\n  \"It's too early to say if this is simply a mild bout of profit-taking, or a harbinger of a more protracted and deeper retreat,\" said David Morrison, senior market analyst at Trade Nation. \"But investors will be mindful of the extraordinary gains made in semiconductors over the past two months, and the upcoming SpaceX IPO which is sure to suck some money out of outperforming stocks.\" \n\n\n  Stocks are facing a tough stretch over the days ahead, with payroll data on Friday, SpaceX's $1.8 trillion listing next Friday and the first Federal Reserve meeting under the leadership of new chairman Kevin Warsh the following week. \n\n\n  And the first-quarter earnings season -- the strongest in five years -- is largely complete and likely already reflected in stock prices. \n\n\n  \"The S&P 500 may face a necessary technical correction in the short term, as the index is being pressured by profit-taking, geopolitical risks, higher oil prices, and less clear Fed expectations,\" said Linh Tran, Market Analyst at XS.com. \n\n\n  \"But the more reasonable scenario is a consolidation phase after a strong rally, before the market receives clearer signals from labor data, inflation figures, and earnings results from the technology sector,\" she added. \n\n\n  Write to Martin Baccardax at martin.baccardax@barrons.com \n\n\n   This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 04, 2026 15:05 ET (19:05 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"BMAY":0.6,"SPXL":0.6,"SPYV":0.6,"SCHB":0.6,"SPDN":0.6,"AVS":0.6,"GSLC":0.6,".SPX":1.87,"IVW":0.6,"SPMO":0.6,"SPUU":0.6,"SPYH":0.6,"ETFT":0.6,"ITOT":0.6,"SDS":0.6,"VTI":0.6,"SPUS":0.6,"SH":0.6,"SPHD":0.6,"DMAX":0.6,"MMAX":0.6,"TSPY":0.6,"RSPU":0.6,"VTV":0.6,"AVGG":0.6,"DBSC":0.6,"AVGW":0.6,"SPYU":0.6,"SSO":0.6,"VEU":0.6,"SCHX":0.6,"SPLV":0.6,"AVGX":0.6,"SPHQ":0.6,"UPRO":0.6,"AVGU":0.6,"SPYD":0.6,"SFY":0.6,"IJR":0.6,"XDTE":0.6,"HIBS":0.6,"VOO":0.6,"RSPA":0.6,"SPGP":0.6,"ALLW":0.6,"VOOG":0.6,"AVL":0.6,"SMAX":0.6,"GPIX":0.6,"VV":0.6,"XLG":0.6,"SPXU":0.6,"YSPY":0.6,"AVGO":1.84,"SPY":0.6,"SPXS":0.6,"RSPN":0.6,"IJH":0.6,"RSP":0.6,"SPYQ":0.6,"XYLD":0.6,"SPYM":0.6,"HIBL":0.6,"VBK":0.6,"IVE":0.6,"NOBL":0.6,"JEPI":0.6,"MOAT":0.6,"IVV":0.6,"ACWI":0.6,"SPYG":0.6}},"isVote":1,"tweetType":1,"viewCount":436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":571565161472240,"gmtCreate":1780564780557,"gmtModify":1780564783286,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4170531311945842","idStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/571565161472240","repostId":"2640690009","repostType":2,"repost":{"id":"2640690009","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1780556745,"share":"https://ttm.financial/m/news/2640690009?lang=en_US&edition=fundamental","pubTime":"2026-06-04 15:05","market":"fut","language":"en","title":"Bill Ackman Sees Investors Repeating a Mistake of 2000: Flocking to the \"New New\" and Ignoring Quality Names","url":"https://stock-news.laohu8.com/highlight/detail?id=2640690009","media":"Dow Jones","summary":"Hedge-fund manager says investors are ignoring Microsoft and other Big Tech names for the sake of the \"new new thing,\" like chip stocks.Bill Ackman, CEO of Pershing Square Capital Management, shown...","content":"<html><head></head><body><p style=\"text-align: left;\">Hedge-fund manager says investors are ignoring Microsoft and other Big Tech names for the sake of the &#34;new new thing,&#34; like chip stocks.</p><p style=\"text-align: left;\">Bill Ackman, CEO of Pershing Square Capital Management, shown here at the Milken Institute Global Conference in May, says investors are overlooking some &#34;high-quality things.&#34;</p><p style=\"text-align: left;\">Market history is being repeated, and not in a good way, as investors chase red-hot stock sectors just like they did in 2000, billionaire investor Bill Ackman says.</p><p style=\"text-align: left;\">&#34;What&#39;s interesting about markets is people always bring their eye to the new new thing, and the new thing is chips and semiconductors and energy, and that&#39;s where the short-term capital is going. What tends to happen is really high-quality things get left behind,&#34; the founder and chief executive of Pershing Square Capital Management told the &#34;All In&#34; podcast in an episode published on Wednesday.</p><p style=\"text-align: left;\">Ackman said parallels to the dot-com bubble have to do with market psychology. &#34;And the analogies are that people got excited about internet stocks, and Berkshire Hathaway traded at the lowest valuation I think it ever traded in its history,&#34; he said.</p><p style=\"text-align: left;\">Investors in those days referred to Berkshire as &#34;old stuff,&#34; and Ackman sees that same attitude now being applied to companies like <a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, Meta <a href=\"https://laohu8.com/S/META\">$(META)$</a> and Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> - which he said is leaving those Big Tech names, all three of which he owns, undervalued.</p><p style=\"text-align: left;\">The hedge-fund manager said last month that he took a new position in Microsoft in February after the stock fell following earnings, calling the company an artificial-intelligence winner.</p><p style=\"text-align: left;\">Investors these days are either indirectly or directly invested in AI, he said, &#34;or it&#39;s a threat. So you have to understand it.&#34; As a long-term investor, it&#39;s important to determine the risk of disruption to a business, the probability of which these days &#34;has gone up enormously,&#34; he said.</p><p style=\"text-align: left;\">Ackman, who was among those calling for investors to buy stocks during the pandemic dip, was also calling for stocks to go higher a month ago. &#34;Stocks just got crazy cheap, just incredibly cheap, really high-quality companies,&#34; he said.</p><p style=\"text-align: left;\">As for the software selloff seen this year, Ackman said a very &#34;careful analysis&#34; of companies is required, adding that he&#39;d worry about a company like <a href=\"https://laohu8.com/S/CRM\">Salesforce</a> (CRM).</p><p style=\"text-align: left;\">&#34;If you&#39;re a software company today, you have to be as AI enabled as you can,&#34; he said. &#34;I think there has been some monopolistic-type profit taking off of customers, when someone had a niche software product, they&#39;re charging $30,000 a year or something like this. I think those companies are really at risk.&#34;</p><p style=\"text-align: left;\">As for upcoming Big Tech initial public offerings, such as SpaceX&#39;s, Ackman said he&#39;s interested in what the company will look like five years from now. &#34;SpaceX is near monopoly in terms of low-cost space launch. That&#39;s going to become increasingly important,&#34; he said.</p><p style=\"text-align: left;\">He said that OpenAI, which is also planning for an IPO, has an interesting business model but needs to get the message out about how it is committing capital.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bill Ackman Sees Investors Repeating a Mistake of 2000: Flocking to the \"New New\" and Ignoring Quality Names</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBill Ackman Sees Investors Repeating a Mistake of 2000: Flocking to the \"New New\" and Ignoring Quality Names\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-04 15:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Hedge-fund manager says investors are ignoring Microsoft and other Big Tech names for the sake of the &#34;new new thing,&#34; like chip stocks.</p><p style=\"text-align: left;\">Bill Ackman, CEO of Pershing Square Capital Management, shown here at the Milken Institute Global Conference in May, says investors are overlooking some &#34;high-quality things.&#34;</p><p style=\"text-align: left;\">Market history is being repeated, and not in a good way, as investors chase red-hot stock sectors just like they did in 2000, billionaire investor Bill Ackman says.</p><p style=\"text-align: left;\">&#34;What&#39;s interesting about markets is people always bring their eye to the new new thing, and the new thing is chips and semiconductors and energy, and that&#39;s where the short-term capital is going. What tends to happen is really high-quality things get left behind,&#34; the founder and chief executive of Pershing Square Capital Management told the &#34;All In&#34; podcast in an episode published on Wednesday.</p><p style=\"text-align: left;\">Ackman said parallels to the dot-com bubble have to do with market psychology. &#34;And the analogies are that people got excited about internet stocks, and Berkshire Hathaway traded at the lowest valuation I think it ever traded in its history,&#34; he said.</p><p style=\"text-align: left;\">Investors in those days referred to Berkshire as &#34;old stuff,&#34; and Ackman sees that same attitude now being applied to companies like <a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, Meta <a href=\"https://laohu8.com/S/META\">$(META)$</a> and Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> - which he said is leaving those Big Tech names, all three of which he owns, undervalued.</p><p style=\"text-align: left;\">The hedge-fund manager said last month that he took a new position in Microsoft in February after the stock fell following earnings, calling the company an artificial-intelligence winner.</p><p style=\"text-align: left;\">Investors these days are either indirectly or directly invested in AI, he said, &#34;or it&#39;s a threat. So you have to understand it.&#34; As a long-term investor, it&#39;s important to determine the risk of disruption to a business, the probability of which these days &#34;has gone up enormously,&#34; he said.</p><p style=\"text-align: left;\">Ackman, who was among those calling for investors to buy stocks during the pandemic dip, was also calling for stocks to go higher a month ago. &#34;Stocks just got crazy cheap, just incredibly cheap, really high-quality companies,&#34; he said.</p><p style=\"text-align: left;\">As for the software selloff seen this year, Ackman said a very &#34;careful analysis&#34; of companies is required, adding that he&#39;d worry about a company like <a href=\"https://laohu8.com/S/CRM\">Salesforce</a> (CRM).</p><p style=\"text-align: left;\">&#34;If you&#39;re a software company today, you have to be as AI enabled as you can,&#34; he said. &#34;I think there has been some monopolistic-type profit taking off of customers, when someone had a niche software product, they&#39;re charging $30,000 a year or something like this. I think those companies are really at risk.&#34;</p><p style=\"text-align: left;\">As for upcoming Big Tech initial public offerings, such as SpaceX&#39;s, Ackman said he&#39;s interested in what the company will look like five years from now. &#34;SpaceX is near monopoly in terms of low-cost space launch. That&#39;s going to become increasingly important,&#34; he said.</p><p style=\"text-align: left;\">He said that OpenAI, which is also planning for an IPO, has an interesting business model but needs to get the message out about how it is committing capital.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","LU2047632596.USD":"T.ROWE MULTI-ASSET GLOBAL INCOME \"A\" (USD) ACC","LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU2100268510.USD":"T.ROWE MULTI-ASSET GLOBAL INCOME \"AX\" (USD) INC","LU1670711040.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) ACC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU3102509885.SGD":"T.ROWE MULTI-ASSET GLOBAL INCOME \"A8P\" (SGDHDG) INC","LU1935042488.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","LU0251132253.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) ACC","LU1633808545.USD":"ALLIANZ GLOBAL EQUITY GROWTH \"AT\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0203202063.USD":"AB SICAV I - 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LONG TERM THEMES (USD) \"P\" (USD) ACC","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU0069063385.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2640690009","content_text":"Hedge-fund manager says investors are ignoring Microsoft and other Big Tech names for the sake of the \"new new thing,\" like chip stocks.Bill Ackman, CEO of Pershing Square Capital Management, shown here at the Milken Institute Global Conference in May, says investors are overlooking some \"high-quality things.\"Market history is being repeated, and not in a good way, as investors chase red-hot stock sectors just like they did in 2000, billionaire investor Bill Ackman says.\"What's interesting about markets is people always bring their eye to the new new thing, and the new thing is chips and semiconductors and energy, and that's where the short-term capital is going. What tends to happen is really high-quality things get left behind,\" the founder and chief executive of Pershing Square Capital Management told the \"All In\" podcast in an episode published on Wednesday.Ackman said parallels to the dot-com bubble have to do with market psychology. \"And the analogies are that people got excited about internet stocks, and Berkshire Hathaway traded at the lowest valuation I think it ever traded in its history,\" he said.Investors in those days referred to Berkshire as \"old stuff,\" and Ackman sees that same attitude now being applied to companies like Amazon, Meta $(META)$ and Microsoft $(MSFT)$ - which he said is leaving those Big Tech names, all three of which he owns, undervalued.The hedge-fund manager said last month that he took a new position in Microsoft in February after the stock fell following earnings, calling the company an artificial-intelligence winner.Investors these days are either indirectly or directly invested in AI, he said, \"or it's a threat. So you have to understand it.\" As a long-term investor, it's important to determine the risk of disruption to a business, the probability of which these days \"has gone up enormously,\" he said.Ackman, who was among those calling for investors to buy stocks during the pandemic dip, was also calling for stocks to go higher a month ago. \"Stocks just got crazy cheap, just incredibly cheap, really high-quality companies,\" he said.As for the software selloff seen this year, Ackman said a very \"careful analysis\" of companies is required, adding that he'd worry about a company like Salesforce (CRM).\"If you're a software company today, you have to be as AI enabled as you can,\" he said. \"I think there has been some monopolistic-type profit taking off of customers, when someone had a niche software product, they're charging $30,000 a year or something like this. I think those companies are really at risk.\"As for upcoming Big Tech initial public offerings, such as SpaceX's, Ackman said he's interested in what the company will look like five years from now. \"SpaceX is near monopoly in terms of low-cost space launch. That's going to become increasingly important,\" he said.He said that OpenAI, which is also planning for an IPO, has an interesting business model but needs to get the message out about how it is committing capital.","news_type":1,"symbols_score_info":{"MSFL":0.6,"MSFX":0.6,"MSFT":1.9,"MSFD":0.6,"MSFO":0.6,"MSFW":0.6,"MSFY":0.6,"MSFU":0.6}},"isVote":1,"tweetType":1,"viewCount":563,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":570506870072680,"gmtCreate":1780315644117,"gmtModify":1780315647134,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4170531311945842","idStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/570506870072680","repostId":"2640335869","repostType":2,"repost":{"id":"2640335869","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1780291800,"share":"https://ttm.financial/m/news/2640335869?lang=en_US&edition=fundamental","pubTime":"2026-06-01 13:30","market":"nz","language":"en","title":"SpaceX's IPO Could Test the Stock Market Rally","url":"https://stock-news.laohu8.com/highlight/detail?id=2640335869","media":"Dow Jones","summary":"U.S. stocks are set to face their biggest test since the U.S. war with Iran this month, as the long-awaited listing of Elon Musk's SpaceX hits markets just as momentum from the first quarter earnings season is starting to fade and investors are growing concerned over rising inflation pressures in the world's biggest economy.SpaceX, the first of three mega IPOs expected before the end of the year, is set to begin trading on the Nasdaq on June 12, with an expected valuation of as much as $2 trillion. The group will raise around $86.5 billion from the sale, making it the biggest U.S. listing on record.\"Not all high-profile U.S. IPOs have presaged major corrections in the S&P 500,\" said John Higgins, chief economic adviser for financial markets at Capit","content":"<html><head></head><body><p style=\"text-align: left;\">U.S. stocks are set to face their biggest test since the U.S. war with Iran this month, as the long-awaited listing of Elon Musk&#39;s SpaceX hits markets just as momentum from the first quarter earnings season is starting to fade and investors are growing concerned over rising inflation pressures in the world&#39;s biggest economy.</p><p style=\"text-align: left;\">SpaceX, the first of three mega IPOs expected before the end of the year, is set to begin trading on the Nasdaq on June 12, with an expected valuation of as much as $2 trillion. The group will raise around $86.5 billion from the sale, making it the biggest U.S. listing on record.</p><p style=\"text-align: left;\">The deal will, at a stroke, extract the biggest amount of new cash from U.S. equity markets on record, dwarfing the $21.8 billion raised by Alibaba in 2014 and raising more than five times that amount pocketed by Facebook&#39;s blockbuster listing in the spring of 2012. And with a market cap of around $2 trillion, it will vault immediately into the upper echelon of U.S. indexes, falling in just behind <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> as one of the world&#39;s most valuable companies.</p><p style=\"text-align: left;\">But that will also provide a massive challenge to a market that has powered relentlessly higher over the past two months, with a series of record highs that has the S&amp;P 500 knocking on the door of the 8000-point threshold and the tech-focused Nasdaq putting the 30,000-point barrier firmly within its sights.</p><p style=\"text-align: left;\">And some investors are worried that it might be a bridge too far.</p><p style=\"text-align: left;\">&#34;There is no (even vaguely close) historical precedent to such a capital raise, and I think it will place a huge test on the stability of the U.S. equity market,&#34; said Rupert Mitchell of Blind Squirrel Macro, a former Salomon and Goldman executive, in a Substack post on the pending IPO.</p><p style=\"text-align: left;\">Mitchell thinks investors will likely need to bid around half a trillion dollars worth of capital, covering the $75 billion IPO and the 15% greenshoe attached to it, for the listing to be deemed a success.</p><p style=\"text-align: left;\">He estimates passive funds will take down around $44 billion, with the remainder of the $86.5 billion left for retail and other investors to digest as markets grapple with the short waiting period from listing on the Nasdaq to its inclusion in the tech-focused benchmark.</p><p style=\"text-align: left;\">But he&#39;s also worried that traditional market mechanisms, such as share buybacks from the biggest tech hyperscalers, most of which have been pared back in order to pay for their massive artificial intelligence investment plans, won&#39;t be there to support the flood of new shares.</p><p style=\"text-align: left;\">&#34;SpaceX insider stock supply risks becoming a drag on the S&amp;P equity supply/demand equilibrium for many months to come, just as 401k flows and hyper-scaler buybacks slow down as AI capex sucks the life out of most of the real economy,&#34; he said.</p><p style=\"text-align: left;\">Others are starting to worry as well.</p><p style=\"text-align: left;\">&#34;Not all high-profile U.S. IPOs have presaged major corrections in the S&amp;P 500,&#34; said John Higgins, chief economic adviser for financial markets at Capital Economics. &#34;Nonetheless, this year&#39;s hotly anticipated &#39;AI&#39; deals -- from SpaceX, Anthropic, and OpenAI -- are likely to be a big test of the stock market&#39;s strength.&#34;</p><p style=\"text-align: left;\">The recent run-up in markets could be worrying in that respect, given that some of the biggest stocks, and those in the so-called Magnificent Seven, have recorded such eye-watering gains.</p><p style=\"text-align: left;\">The Mag 7 index is up nearly 22% since the start of the second quarter, a staggering advance following capital spending plans that nearly all topped Wall Street forecasts, while the PHLX semiconductor index has surged 80% since the start of the year, with historic gains for Intel, Broadcom , Advanced Micro Devices and a plethora of chip stocks.</p><p style=\"text-align: left;\">However, Wall Street will now need to find room for the 19% of SpaceX&#39;s public float taken by S&amp;P 500 index funds, in anticipation of its invitation to the benchmark later this year, with funds that track the Nasdaq and the Russell 1000 taking the number to around 24%, according to Rob Du Boff of Bloomberg Intelligence.</p><p style=\"text-align: left;\">Adding in active managers that track those benchmarks takes the tally to around 48%.</p><p style=\"text-align: left;\">Cash into SpaceX will, almost arithmetically, result in cash coming out of the stock market&#39;s most liquid names. A reduced lockup period for SpaceX&#39;s earlier investors, meanwhile, allows them to exit, in stages, as early as the end of the second quarter.</p><p style=\"text-align: left;\">All of that is likely to put huge pressure on stocks into the summer months, with the next round of earnings not expected until mid-August, and the market&#39;s traditional reluctance to add risk as mid-term election campaigning in the autumn weighs on gains.</p><p style=\"text-align: left;\">That said, markets have booked an incredible amount of &#34;buffer&#34; over the past two months, with the S&amp;P 500 up more than 16% over the second quarter and the tech-focused Nasdaq gaining just under 25%.</p><p style=\"text-align: left;\">But Mitchell at Blind Squirrel Macro thinks the big cap tech selling he expects following the SpaceX IPO, as well as the follow-on moves to make way for early investors, will likely allow the equal weight S&amp;P 500 to outpace gains for the benchmark over the back half of the year.</p><p style=\"text-align: left;\">Jay Woods, chief strategist at Freedom Capital Markets, sees this as potentially dangerous for passive investors as well.</p><p style=\"text-align: left;\">&#34;Every retail investor holding an S&amp;P 500 ETF in their 401(k) would become an involuntary SpaceX shareholder, regardless of whether they believe in the story, understand the business, or are comfortable with the risk of a $1.75 trillion unprofitable company with a 5% float and one man controlling 79% of the votes,&#34; he said.</p><p style=\"text-align: left;\">&#34;The index wasn&#39;t designed to do that,&#34; Woods added. &#34;It was designed to reward companies that have already earned their place through profitability, staying power, and the patience of real markets.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SpaceX's IPO Could Test the Stock Market Rally</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSpaceX's IPO Could Test the Stock Market Rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-01 13:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">U.S. stocks are set to face their biggest test since the U.S. war with Iran this month, as the long-awaited listing of Elon Musk&#39;s SpaceX hits markets just as momentum from the first quarter earnings season is starting to fade and investors are growing concerned over rising inflation pressures in the world&#39;s biggest economy.</p><p style=\"text-align: left;\">SpaceX, the first of three mega IPOs expected before the end of the year, is set to begin trading on the Nasdaq on June 12, with an expected valuation of as much as $2 trillion. The group will raise around $86.5 billion from the sale, making it the biggest U.S. listing on record.</p><p style=\"text-align: left;\">The deal will, at a stroke, extract the biggest amount of new cash from U.S. equity markets on record, dwarfing the $21.8 billion raised by Alibaba in 2014 and raising more than five times that amount pocketed by Facebook&#39;s blockbuster listing in the spring of 2012. And with a market cap of around $2 trillion, it will vault immediately into the upper echelon of U.S. indexes, falling in just behind <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> as one of the world&#39;s most valuable companies.</p><p style=\"text-align: left;\">But that will also provide a massive challenge to a market that has powered relentlessly higher over the past two months, with a series of record highs that has the S&amp;P 500 knocking on the door of the 8000-point threshold and the tech-focused Nasdaq putting the 30,000-point barrier firmly within its sights.</p><p style=\"text-align: left;\">And some investors are worried that it might be a bridge too far.</p><p style=\"text-align: left;\">&#34;There is no (even vaguely close) historical precedent to such a capital raise, and I think it will place a huge test on the stability of the U.S. equity market,&#34; said Rupert Mitchell of Blind Squirrel Macro, a former Salomon and Goldman executive, in a Substack post on the pending IPO.</p><p style=\"text-align: left;\">Mitchell thinks investors will likely need to bid around half a trillion dollars worth of capital, covering the $75 billion IPO and the 15% greenshoe attached to it, for the listing to be deemed a success.</p><p style=\"text-align: left;\">He estimates passive funds will take down around $44 billion, with the remainder of the $86.5 billion left for retail and other investors to digest as markets grapple with the short waiting period from listing on the Nasdaq to its inclusion in the tech-focused benchmark.</p><p style=\"text-align: left;\">But he&#39;s also worried that traditional market mechanisms, such as share buybacks from the biggest tech hyperscalers, most of which have been pared back in order to pay for their massive artificial intelligence investment plans, won&#39;t be there to support the flood of new shares.</p><p style=\"text-align: left;\">&#34;SpaceX insider stock supply risks becoming a drag on the S&amp;P equity supply/demand equilibrium for many months to come, just as 401k flows and hyper-scaler buybacks slow down as AI capex sucks the life out of most of the real economy,&#34; he said.</p><p style=\"text-align: left;\">Others are starting to worry as well.</p><p style=\"text-align: left;\">&#34;Not all high-profile U.S. IPOs have presaged major corrections in the S&amp;P 500,&#34; said John Higgins, chief economic adviser for financial markets at Capital Economics. &#34;Nonetheless, this year&#39;s hotly anticipated &#39;AI&#39; deals -- from SpaceX, Anthropic, and OpenAI -- are likely to be a big test of the stock market&#39;s strength.&#34;</p><p style=\"text-align: left;\">The recent run-up in markets could be worrying in that respect, given that some of the biggest stocks, and those in the so-called Magnificent Seven, have recorded such eye-watering gains.</p><p style=\"text-align: left;\">The Mag 7 index is up nearly 22% since the start of the second quarter, a staggering advance following capital spending plans that nearly all topped Wall Street forecasts, while the PHLX semiconductor index has surged 80% since the start of the year, with historic gains for Intel, Broadcom , Advanced Micro Devices and a plethora of chip stocks.</p><p style=\"text-align: left;\">However, Wall Street will now need to find room for the 19% of SpaceX&#39;s public float taken by S&amp;P 500 index funds, in anticipation of its invitation to the benchmark later this year, with funds that track the Nasdaq and the Russell 1000 taking the number to around 24%, according to Rob Du Boff of Bloomberg Intelligence.</p><p style=\"text-align: left;\">Adding in active managers that track those benchmarks takes the tally to around 48%.</p><p style=\"text-align: left;\">Cash into SpaceX will, almost arithmetically, result in cash coming out of the stock market&#39;s most liquid names. A reduced lockup period for SpaceX&#39;s earlier investors, meanwhile, allows them to exit, in stages, as early as the end of the second quarter.</p><p style=\"text-align: left;\">All of that is likely to put huge pressure on stocks into the summer months, with the next round of earnings not expected until mid-August, and the market&#39;s traditional reluctance to add risk as mid-term election campaigning in the autumn weighs on gains.</p><p style=\"text-align: left;\">That said, markets have booked an incredible amount of &#34;buffer&#34; over the past two months, with the S&amp;P 500 up more than 16% over the second quarter and the tech-focused Nasdaq gaining just under 25%.</p><p style=\"text-align: left;\">But Mitchell at Blind Squirrel Macro thinks the big cap tech selling he expects following the SpaceX IPO, as well as the follow-on moves to make way for early investors, will likely allow the equal weight S&amp;P 500 to outpace gains for the benchmark over the back half of the year.</p><p style=\"text-align: left;\">Jay Woods, chief strategist at Freedom Capital Markets, sees this as potentially dangerous for passive investors as well.</p><p style=\"text-align: left;\">&#34;Every retail investor holding an S&amp;P 500 ETF in their 401(k) would become an involuntary SpaceX shareholder, regardless of whether they believe in the story, understand the business, or are comfortable with the risk of a $1.75 trillion unprofitable company with a 5% float and one man controlling 79% of the votes,&#34; he said.</p><p style=\"text-align: left;\">&#34;The index wasn&#39;t designed to do that,&#34; Woods added. &#34;It was designed to reward companies that have already earned their place through profitability, staying power, and the patience of real markets.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","HIBS":"Direxion Daily S&P 500 High Beta Bear 3X ETF","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","XYLD":"Global X S&P 500 Covered Call ETF","LU2275660780.HKD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" (HKD) ACC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU1633808545.USD":"ALLIANZ GLOBAL EQUITY GROWTH \"AT\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1917777945.USD":"安联专题基金Cl AT Acc","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU2452424414.USD":"BGF ESG MULTI-ASSET \"A10\" (USDHDG) INC","DBSC":"Deepwater Beachfront Small Cap ETF","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","VOO":"Vanguard标普500ETF","JEPI":"JPMorgan Equity Premium Income ETF","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU0133085943.USD":"T ROWE PRICE US BLUE CHIP EQUITY \"A\" ACC","BK4566":"资本集团","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","VOOG":"Vanguard标普500成长ETF","LU1861127337.USD":"ALLIANZ GLOBAL MULTI ASSET SUSTAINABILITY BALANCED \"AMG\" (USD) INC","LU2063271972.USD":"富兰克林创新领域基金","LU0174119429.USD":"T ROWE PRICE US LARGE CAP GROWTH EQUITY \"A\" ACC","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU2462591350.SGD":"T ROWE PRICE US LARGE CAP GROWTH EQUITY \"AN\" (SGDHDG) ACC","UPRO":"三倍做多标普500ETF-ProShares","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU1934455277.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"AD\" (USD) INC","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - 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LONG TERM THEMES (USD) \"P\" (USD) ACC","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2640335869","content_text":"U.S. stocks are set to face their biggest test since the U.S. war with Iran this month, as the long-awaited listing of Elon Musk's SpaceX hits markets just as momentum from the first quarter earnings season is starting to fade and investors are growing concerned over rising inflation pressures in the world's biggest economy.SpaceX, the first of three mega IPOs expected before the end of the year, is set to begin trading on the Nasdaq on June 12, with an expected valuation of as much as $2 trillion. The group will raise around $86.5 billion from the sale, making it the biggest U.S. listing on record.The deal will, at a stroke, extract the biggest amount of new cash from U.S. equity markets on record, dwarfing the $21.8 billion raised by Alibaba in 2014 and raising more than five times that amount pocketed by Facebook's blockbuster listing in the spring of 2012. And with a market cap of around $2 trillion, it will vault immediately into the upper echelon of U.S. indexes, falling in just behind Amazon as one of the world's most valuable companies.But that will also provide a massive challenge to a market that has powered relentlessly higher over the past two months, with a series of record highs that has the S&P 500 knocking on the door of the 8000-point threshold and the tech-focused Nasdaq putting the 30,000-point barrier firmly within its sights.And some investors are worried that it might be a bridge too far.\"There is no (even vaguely close) historical precedent to such a capital raise, and I think it will place a huge test on the stability of the U.S. equity market,\" said Rupert Mitchell of Blind Squirrel Macro, a former Salomon and Goldman executive, in a Substack post on the pending IPO.Mitchell thinks investors will likely need to bid around half a trillion dollars worth of capital, covering the $75 billion IPO and the 15% greenshoe attached to it, for the listing to be deemed a success.He estimates passive funds will take down around $44 billion, with the remainder of the $86.5 billion left for retail and other investors to digest as markets grapple with the short waiting period from listing on the Nasdaq to its inclusion in the tech-focused benchmark.But he's also worried that traditional market mechanisms, such as share buybacks from the biggest tech hyperscalers, most of which have been pared back in order to pay for their massive artificial intelligence investment plans, won't be there to support the flood of new shares.\"SpaceX insider stock supply risks becoming a drag on the S&P equity supply/demand equilibrium for many months to come, just as 401k flows and hyper-scaler buybacks slow down as AI capex sucks the life out of most of the real economy,\" he said.Others are starting to worry as well.\"Not all high-profile U.S. IPOs have presaged major corrections in the S&P 500,\" said John Higgins, chief economic adviser for financial markets at Capital Economics. \"Nonetheless, this year's hotly anticipated 'AI' deals -- from SpaceX, Anthropic, and OpenAI -- are likely to be a big test of the stock market's strength.\"The recent run-up in markets could be worrying in that respect, given that some of the biggest stocks, and those in the so-called Magnificent Seven, have recorded such eye-watering gains.The Mag 7 index is up nearly 22% since the start of the second quarter, a staggering advance following capital spending plans that nearly all topped Wall Street forecasts, while the PHLX semiconductor index has surged 80% since the start of the year, with historic gains for Intel, Broadcom , Advanced Micro Devices and a plethora of chip stocks.However, Wall Street will now need to find room for the 19% of SpaceX's public float taken by S&P 500 index funds, in anticipation of its invitation to the benchmark later this year, with funds that track the Nasdaq and the Russell 1000 taking the number to around 24%, according to Rob Du Boff of Bloomberg Intelligence.Adding in active managers that track those benchmarks takes the tally to around 48%.Cash into SpaceX will, almost arithmetically, result in cash coming out of the stock market's most liquid names. A reduced lockup period for SpaceX's earlier investors, meanwhile, allows them to exit, in stages, as early as the end of the second quarter.All of that is likely to put huge pressure on stocks into the summer months, with the next round of earnings not expected until mid-August, and the market's traditional reluctance to add risk as mid-term election campaigning in the autumn weighs on gains.That said, markets have booked an incredible amount of \"buffer\" over the past two months, with the S&P 500 up more than 16% over the second quarter and the tech-focused Nasdaq gaining just under 25%.But Mitchell at Blind Squirrel Macro thinks the big cap tech selling he expects following the SpaceX IPO, as well as the follow-on moves to make way for early investors, will likely allow the equal weight S&P 500 to outpace gains for the benchmark over the back half of the year.Jay Woods, chief strategist at Freedom Capital Markets, sees this as potentially dangerous for passive investors as well.\"Every retail investor holding an S&P 500 ETF in their 401(k) would become an involuntary SpaceX shareholder, regardless of whether they believe in the story, understand the business, or are comfortable with the risk of a $1.75 trillion unprofitable company with a 5% float and one man controlling 79% of the votes,\" he said.\"The index wasn't designed to do that,\" Woods added. \"It was designed to reward companies that have already earned their place through profitability, staying power, and the patience of real markets.\"","news_type":1,"symbols_score_info":{"SPXU":0.6,"SDS":0.6,"SPLV":0.6,"SPHD":0.6,"SCHX":0.6,"VOO":0.6,"SPUS":0.6,"UDOW":0.6,"GPIX":0.6,"SPXL":0.6,"JEPI":0.6,"BMAY":0.6,"SPYM":0.6,"IVW":0.6,"SPHQ":0.6,"MMAX":0.6,".SPX":1.91,"SPYG":0.6,"VTV":0.6,"SPYQ":0.6,"IJH":0.6,"RSPU":0.6,"RSPA":0.6,"DMAX":0.6,"XLG":0.6,"SPDN":0.6,"UPRO":0.6,"ETFT":0.6,"VEU":0.6,"SPUU":0.6,"DOG":0.6,"SPYD":0.6,"VBK":0.6,"RSP":0.6,"SPYU":0.6,"DXD":0.6,"SPGP":0.6,"XYLD":0.6,"SFY":0.6,"SPY":0.6,"IJR":0.6,"SCHB":0.6,"IVE":0.6,"SDOW":0.6,"VOOG":0.6,"HIBL":0.6,"ALLW":0.6,"GSLC":0.6,"DBSC":0.6,"DDM":0.6,"VTI":0.6,"SH":0.6,"ACWI":0.6,"IVV":0.6,".IXIC":2,"SSO":0.6,"HIBS":0.6,"MOAT":0.6,"SMAX":0.6,"TSPY":0.6,"NOBL":0.6,"XDTE":0.6,"SPYH":0.6,"YSPY":0.6,"SPYV":0.6,"VV":0.6,".DJI":2,"RSPN":0.6,"ITOT":0.6,"DIA":0.6,"SPMO":0.6,"SPXS":0.6}},"isVote":1,"tweetType":1,"viewCount":586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":569523691446312,"gmtCreate":1780050166024,"gmtModify":1780050169009,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4170531311945842","idStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/569523691446312","repostId":"2639640448","repostType":2,"repost":{"id":"2639640448","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1780043280,"share":"https://ttm.financial/m/news/2639640448?lang=en_US&edition=fundamental","pubTime":"2026-05-29 16:28","market":"sg","language":"en","title":"The Double 10K Scenario: Wall Street Veteran Says The S&P 500 And Gold Can Each Reach That Mark By The End Of The Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2639640448","media":"Dow Jones","summary":"Gold's rally should resume once Iran conflict ends. Investors could be facing a scenario of double 10Ks by the end of the decade - 10,000 for the S&P 500 and $10,000 for gold - if a forecast by Yardeni Research plays out.\"Our long-term bullish stance on gold rests on the idea that the S&P 500 could rally to 10,000 by the end of the decade. We expect that along the way, investors will rebalance into other assets, including gold,\" Ed Yardeni, founder and president of financial research group, told clients in a note on Thursday.While the S&P 500 SPX and gold prices tend to be inversely correlated on a cyclical basis, over time, they march in the same direction together, so when the index hits 10,000, gold should do the same, said Yardeni.The commodity fell sharply in March to around $4,375 an ounce and rebounded through mid-April as a cease-fire held.  But gold seems to be testing that March low, its 200-day moving average of $4,407 an ounce and an intermediate upward trend line, followin","content":"<html><head></head><body><p style=\"text-align: left;\">Investors could be facing a scenario of double 10Ks by the end of the decade - 10,000 for the S&amp;P 500 and $10,000 for gold - if a forecast by Yardeni Research plays out.</p><p style=\"text-align: left;\">&#34;Our long-term bullish stance on gold rests on the idea that the S&amp;P 500 could rally to 10,000 by the end of the decade. We expect that along the way, investors will rebalance into other assets, including gold,&#34; Ed Yardeni, founder and president of financial research group, told clients in a note on Thursday.</p><p style=\"text-align: left;\">While the S&amp;P 500 SPX and gold prices tend to be inversely correlated on a cyclical basis, over time, they march in the same direction together, so when the index hits 10,000, gold should do the same, said Yardeni.</p><p style=\"text-align: left;\">The Wall Street veteran also sees a more upbeat near-term picture, with gold shaking off the gloom it has gathered since the Iran war, and rallying once that conflict officially ends. He expects gold will reach $5,500 an ounce by the end of 2026, nearly a $1,000 gain from Friday&#39;s level of $4,553 an ounce.</p><p style=\"text-align: left;\">While the S&amp;P 500 SPX has largely pushed aside the conflict to hit a string of record closes since a March 30 low, gold (GC00) has struggled to reclaim its peak of $5,318 an ounce reached in late January, he noted. Gold is up just 5% this year, after a spectacular rally of more than 70% in 2025.</p><p style=\"text-align: left;\">The commodity fell sharply in March to around $4,375 an ounce and rebounded through mid-April as a cease-fire held. But gold seems to be testing that March low, its 200-day moving average of $4,407 an ounce and an intermediate upward trend line, following a late Thursday report that Iran and the U.S. could be close to extending their cease-fire for 60 days, said Yardeni.</p><p style=\"text-align: left;\">&#34;The drop in prices since the end of January has put it back within an upward-trending channel that began in late 2023,&#34; and that support looks ready to hold, he said.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/92e73239b4209abc4963b36398459ae5\" data-align=\"center\" tg-width=\"700\" tg-height=\"394\"/><span></span></p><p style=\"text-align: left;\">Gold&#39;s wartime struggle has come as the dollar rose, which is bearish for gold, and some central banks had to sell reserves of the precious metal to support their currencies weighed down by higher oil prices. Yardeni expects the Federal Reserve will turn more hawkish on interest rates during the summer, which would stall a gold rally, but the end of the Iran conflict would should help diminish that impact.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Double 10K Scenario: Wall Street Veteran Says The S&P 500 And Gold Can Each Reach That Mark By The End Of The Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Double 10K Scenario: Wall Street Veteran Says The S&P 500 And Gold Can Each Reach That Mark By The End Of The Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-29 16:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Investors could be facing a scenario of double 10Ks by the end of the decade - 10,000 for the S&amp;P 500 and $10,000 for gold - if a forecast by Yardeni Research plays out.</p><p style=\"text-align: left;\">&#34;Our long-term bullish stance on gold rests on the idea that the S&amp;P 500 could rally to 10,000 by the end of the decade. We expect that along the way, investors will rebalance into other assets, including gold,&#34; Ed Yardeni, founder and president of financial research group, told clients in a note on Thursday.</p><p style=\"text-align: left;\">While the S&amp;P 500 SPX and gold prices tend to be inversely correlated on a cyclical basis, over time, they march in the same direction together, so when the index hits 10,000, gold should do the same, said Yardeni.</p><p style=\"text-align: left;\">The Wall Street veteran also sees a more upbeat near-term picture, with gold shaking off the gloom it has gathered since the Iran war, and rallying once that conflict officially ends. He expects gold will reach $5,500 an ounce by the end of 2026, nearly a $1,000 gain from Friday&#39;s level of $4,553 an ounce.</p><p style=\"text-align: left;\">While the S&amp;P 500 SPX has largely pushed aside the conflict to hit a string of record closes since a March 30 low, gold (GC00) has struggled to reclaim its peak of $5,318 an ounce reached in late January, he noted. Gold is up just 5% this year, after a spectacular rally of more than 70% in 2025.</p><p style=\"text-align: left;\">The commodity fell sharply in March to around $4,375 an ounce and rebounded through mid-April as a cease-fire held. But gold seems to be testing that March low, its 200-day moving average of $4,407 an ounce and an intermediate upward trend line, following a late Thursday report that Iran and the U.S. could be close to extending their cease-fire for 60 days, said Yardeni.</p><p style=\"text-align: left;\">&#34;The drop in prices since the end of January has put it back within an upward-trending channel that began in late 2023,&#34; and that support looks ready to hold, he said.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/92e73239b4209abc4963b36398459ae5\" data-align=\"center\" tg-width=\"700\" tg-height=\"394\"/><span></span></p><p style=\"text-align: left;\">Gold&#39;s wartime struggle has come as the dollar rose, which is bearish for gold, and some central banks had to sell reserves of the precious metal to support their currencies weighed down by higher oil prices. Yardeni expects the Federal Reserve will turn more hawkish on interest rates during the summer, which would stall a gold rally, but the end of the Iran conflict would should help diminish that impact.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GLDM":"SPDR Gold MiniShares Trust","DULL":"MICROSECTORS GOLD -3X INVERSE LEVERAGED ETN","DGP":"二倍做多黄金ETN(PowerShares)","BAR":"GraniteShares Gold Shares","PICK":"iShares MSCI Global Metals & Mining Producers ETF","VOO":"Vanguard标普500ETF","GOLY":"Strategy Shares Gold Enhanced Yield ETF","DBC":"商品指数ETF-PowerShares DB","VUG":"成长股指数ETF-Vanguard MSCI","GLTR":"abrdn Physical Precious Metals Basket Shares ETF","IAUI":"NEOS Gold High Income ETF","SGOL":"Abrdn Gold ETF Trust","GDX":"黄金矿业ETF-VanEck","IAUM":"ISHARES GOLD TRUST MICRO","VOOG":"Vanguard标普500成长ETF",".SPX":"S&P 500 Index","GDXD":"MicroSectors Gold Miners -3x Inverse Leveraged ETN","OUNZ":"VanEck Merk黄金股票基金","GDXJ":"小型黄金矿业ETF(Market Vectors)","GOAU":"U.S. Global GO GOLD and Precious Metal Miners ETF","USG":"USCF Gold Strategy Plus Income Fund","GDXU":"MicroSectors Gold Miners 3x Leveraged ETN","PHYS":"Sprott Physical Gold Trust","GBUG":"Sprott Active Gold & Silver Miners ETF","SPY":"标普500ETF","SHNY":"MICROSECTORS GOLD 3X LEVERAGED ETN","GDXY":"YieldMax Gold Miners Option Income Strategy ETF","GLL":"2倍做空黄金ETF-ProShares","UGL":"2倍做多黄金ETF-ProShares","SGDM":"Sprott Gold Miners ETF","FGDL":"FRANKLIN RESPONSIBLY SOURCED GOLD ETF","JNUG":"金矿指数二倍做多ETF","AAAU":"Goldman Sachs Physical Gold ETF","BTGD":"STKD Bitcoin & Gold ETF","VYM":"红利股ETF-Vanguard","SCHG":"Schwab U.S. Large -Cap Growth ET","CEF":"Sprott Physical Gold & Silver Trust","SCHX":"Schwab US Large-Cap ETF","DZZ":"德银黄金两倍做空ETN","JDST":"金矿指数二倍做空ETF","UYM":"基础材料指数ETF-ProShares两倍做多","XME":"金属与采矿指数ETF-SPDR","DUST":"二倍做空黄金矿业指数ETF-Direxion","SPUU":"Direxion Daily S&P 500 Bull 2x Shares","RING":"iShares MSCI Global Gold Miners ETF","GSLC":"Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF","SH":"做空标普500-Proshares","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","IAU":"黄金信托ETF-iShares"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2639640448","content_text":"Investors could be facing a scenario of double 10Ks by the end of the decade - 10,000 for the S&P 500 and $10,000 for gold - if a forecast by Yardeni Research plays out.\"Our long-term bullish stance on gold rests on the idea that the S&P 500 could rally to 10,000 by the end of the decade. We expect that along the way, investors will rebalance into other assets, including gold,\" Ed Yardeni, founder and president of financial research group, told clients in a note on Thursday.While the S&P 500 SPX and gold prices tend to be inversely correlated on a cyclical basis, over time, they march in the same direction together, so when the index hits 10,000, gold should do the same, said Yardeni.The Wall Street veteran also sees a more upbeat near-term picture, with gold shaking off the gloom it has gathered since the Iran war, and rallying once that conflict officially ends. He expects gold will reach $5,500 an ounce by the end of 2026, nearly a $1,000 gain from Friday's level of $4,553 an ounce.While the S&P 500 SPX has largely pushed aside the conflict to hit a string of record closes since a March 30 low, gold (GC00) has struggled to reclaim its peak of $5,318 an ounce reached in late January, he noted. Gold is up just 5% this year, after a spectacular rally of more than 70% in 2025.The commodity fell sharply in March to around $4,375 an ounce and rebounded through mid-April as a cease-fire held. But gold seems to be testing that March low, its 200-day moving average of $4,407 an ounce and an intermediate upward trend line, following a late Thursday report that Iran and the U.S. could be close to extending their cease-fire for 60 days, said Yardeni.\"The drop in prices since the end of January has put it back within an upward-trending channel that began in late 2023,\" and that support looks ready to hold, he said.Gold's wartime struggle has come as the dollar rose, which is bearish for gold, and some central banks had to sell reserves of the precious metal to support their currencies weighed down by higher oil prices. Yardeni expects the Federal Reserve will turn more hawkish on interest rates during the summer, which would stall a gold rally, but the end of the Iran conflict would should help diminish that impact.","news_type":1,"symbols_score_info":{"UYM":1.5,"GDXU":1.5,"VUG":1.5,"SH":0.6,"GDXD":1.5,"RING":1.5,"JNUG":1.5,"BEGS":1.5,"1OZmain":1.5,"DGP":1.5,"CEF":1.5,"GLL":1.5,"IAU":1.5,"SCHX":0.6,"BAR":1.5,"SHNY":1.5,"FGDL":1.5,"GOAU":1.5,"GDXY":1.5,"PICK":1.5,"UGL":1.5,".SPX":1.5,"GLTR":1.5,"DZZ":1.5,"GDXJ":1.5,"USG":1.5,"VOO":1.5,"PHYS":1.5,"VYM":1.5,"GOLY":1.5,"SPY":1.5,"OUNZ":1.5,"GLDM":1.5,"DBC":1.5,"AAAU":1.5,"DULL":1.5,"BTGD":1.5,"IAUM":1.5,"GBUG":1.5,"SCHG":1.5,"IAUI":1.5,"VOOG":1.5,"JDST":1.5,"SGDM":1.5,"XME":1.5,"GSLC":0.6,"SGOL":1.5,"DUST":1.5,"SPUU":0.6,"GDX":1.5}},"isVote":1,"tweetType":1,"viewCount":761,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":569484934690096,"gmtCreate":1780040703646,"gmtModify":1780040705126,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4170531311945842","idStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/569484934690096","repostId":"2639649355","repostType":2,"repost":{"id":"2639649355","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1780038000,"share":"https://ttm.financial/m/news/2639649355?lang=en_US&edition=fundamental","pubTime":"2026-05-29 15:00","market":"us","language":"en","title":"The Chip Rally Has Gone Parabolic. It’s Time to Separate the Pillars From the Pretenders","url":"https://stock-news.laohu8.com/highlight/detail?id=2639649355","media":"Dow Jones","summary":"A furious rally has raised fears of a new bubble. If and when the party ends, five stocks will be left standing. They all remain undervalued.","content":"<html><head></head><body><p style=\"text-align: start;\">Chip stocks used to be the gritty part of the tech complex. In trading patterns and profit margins, they had more in common with cyclical commodities than software. But as with so many things, artificial intelligence changed everything. Almost overnight, chips became the accelerant for the technology—and the market.</p><p>Supply constraints compounded the excitement. During one stretch this spring, the SOX, or <a href=\"https://laohu8.com/S/SOX\">PHLX Semiconductor Sector Index</a>, rose for 18 straight days, for a gain of 47%. The index is up 80% since March 30, leading to worries about a new dot-com-style bubble with chips looking like the 2026 version of fiberoptic stocks.</p><p>Indeed, the gains have been indiscriminate. While <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> is up 30%, low-margin chip makers like <a href=\"https://laohu8.com/S/ON\">On Semiconductor</a> and <a href=\"https://laohu8.com/S/STM\">STMicroelectronics</a> have each risen 122%.</p><p style=\"text-align: start;\">These stocks trade at huge multiples of earnings, way above historical trends, while Nvidia looks cheap by any historical measure.</p><p style=\"text-align: start;\">“The multiples cannot all be accurate,” Gavin Baker, chief investment officer of Atreides Management, says of the wide range of price/earnings ratios across the AI landscape. “You have memory makers at low- to mid-single-digit P/Es, you have Nvidia at a low P/E, you have other accelerator companies at reasonable multiples. And then most everything else—power, cooling, optical, and semi-cap equipment—are at dramatically higher multiples.”</p><p style=\"text-align: start;\">The disconnect sets up an opportunity for investors. As the market corrects its math, the quality names should outperform. Investors should focus on <a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices</a>, <a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>, <a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor Manufacturing</a>, and, yes, $5 trillion Nvidia.</p><p>In the world of semiconductors, quality means having technological advantages that are durable and enable better products and high gross margins. Quality also means having nimble executives who can identify and react to changes in a fast-moving environment. Think Nvidia’s Jensen Huang and Broadcom’s Hock Tan. The quality focus becomes more important as subsidized Chinese manufacturers increase the supply of chips made using older technologies.</p><p style=\"text-align: start;\">All indications point to accelerating demand for AI computing. This year, the five so-called hyperscalers— <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a>, Google parent <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>, <a href=\"https://laohu8.com/S/META\">Meta Platforms</a>, and <a href=\"https://laohu8.com/S/ORCL\">Oracle</a>—could combine to spend over three-quarters of a trillion dollars on AI data centers.</p><p style=\"text-align: start;\">Even after its massive expenditures, Microsoft recently said its cloud-computing capacity was so constrained that it had to forsake external cloud sales to run its own operations.</p><p style=\"text-align: start;\">But the demand trend is shifting, and investors need to pay attention to the nuances.</p><p style=\"text-align: start;\">Early in the AI boom, growth was tied to training new models, a slow, resource-intensive process. Now workloads are moving toward running those models, a process known as inference.</p><p style=\"text-align: start;\">The inference trend is being supercharged by the rise of AI agents, software that can use AI models to complete a complex series of tasks from a simple conversational prompt. Agents chew through computing at a rate no person could match. If predictions are correct, it won’t be too long before they outnumber humans on enterprise networks.</p><p>Nvidia already won the battle for training, but inference opens the door to new competition. Moreover, agents are software and run on traditional server central processing units, or CPUs, which should also see increasing demand in the coming years.</p><p style=\"text-align: start;\">Even AI can’t change the fundamentally cyclical nature of semiconductors, but it can—and will—lengthen the cycle. Right now, anyone close to the AI supply chain will tell you that the industry is nowhere close to satisfying demand. That’s why Micron Technology has seen its forward P/E multiple expand from an industrial-like single-digit figure. It’s still undervalued. So are the shares of Nvidia, AMD, Broadcom, and Taiwan Semi.</p><p style=\"text-align: start;\">Relative to expected earnings growth over the next two years, all five stocks trade at a PEG, or price-to-earnings growth ratio, of less than 0.6 times. By comparison, the S&amp;P 500 index fetches a two-year PEG of 1.</p><p style=\"text-align: start;\">All five companies are pillars of the new economy—ones that have lasting value and staying power, even as the momentum inevitably fades from the broader chip trade.</p><h2 id=\"id_2878308299\" style=\"text-align: start;\">The Leader</h2><p style=\"text-align: start;\">Nvidia has been developing hardware and software tools for AI computing for nearly two decades, giving it the pole position when generative AI caught fire. Adjusted earnings per share have grown from 33 cents in fiscal 2023 to $4.77 in fiscal 2026, which ended in January. Over the next two years—a critical period in the AI transition—Wall Street analysts expect Nvidia’s EPS to hit $12.37, giving the stock a P/E of 17 times.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/113b2092462b705fbfbaea186ff7ebb5\" tg-width=\"964\" tg-height=\"659\"/></p><p>Nvidia’s graphics processing unit (GPU) chips are the workhorses of AI computing, and they’re the company’s main source of sales. Just as important, though, is the company’s two-decade focus on AI bottlenecks.</p><p>Nvidia built a unique AI “stack” that layers in software and other types of chips. Its Vera Rubin AI servers, due to ship this year, have a total of five chips, each with a specific purpose.</p><p style=\"text-align: start;\">Nvidia remains undervalued by investors, perhaps because they misunderstand the company’s true data-center dominance. The chip maker is also the largest maker of networking chips for the data center. And it’s now making CPUs too.</p><p style=\"text-align: start;\">Nvidia recently said it would sell $20 billion in stand-alone data-center CPU chips this year, roughly the size of Intel’s own data-center business.</p><p style=\"text-align: start;\">Nvidia glues everything together with software called CUDA, short for “compute unified device architecture.” The company provides its customers with hundreds of free software libraries and AI models that receive regular updates.</p><p style=\"text-align: start;\">To be sure, Nvidia’s top customers would like to diversify their supply chains, and the shift to inference offers an opening. Inference is less demanding than model training, and non-Nvidia chips that thrive at the intense math work are finding a place in the data center. Amazon, Microsoft, Google, and Meta each make their own custom inference chip.</p><p style=\"text-align: start;\">Despite its early lead, Nvidia isn’t sitting still and continues to out-innovate everyone else. It has adopted a ticktock release schedule, with major architecture advances coming every two years and upgrades in the intervening years.</p><p>Nvidia has also fought back by using its newly loaded balance-sheet muscle. It has entered into a large licensing deal with an inference-chip start-up called Groq. In March, Huang laid out a vision of data centers where Nvidia’s GPU servers are deployed side by side with new Groq servers, working together on what each does best. Nvidia’s Groq servers are set to ship later this year, after Vera Rubin.</p><p style=\"text-align: start;\">It’s also taking stakes in a broad swath of AI start-ups. At the end of the first quarter, its private-equity investments were valued at $43 billion, up from $3.4 billion at the beginning of 2025. The company also owns 4.5% of Intel, 9% of CoreWeave, and 2.5% of Synopsys.</p><p style=\"text-align: start;\">And there’s something for shareholders too. Nvidia has bought back $85 billion in shares in the past two years, and this past month it increased its quarterly dividend from one penny to an almost respectable 25 cents.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/444f97593a87dff8f04aa552f0caa103\" tg-width=\"1465\" tg-height=\"834\"/></p><p>Heaping praise on Nvidia doesn’t mean there isn’t room for other chip makers to be part of the AI investment boom. BofA Securities analyst Vivek Arya estimates that Nvidia has a durable 70% share of the AI chip market.</p><p style=\"text-align: start;\">In a massive market, that leaves big opportunities for other firms, particularly AMD and Broadcom, which are smaller companies with more room to grow. They are being lifted by the same tailwinds as Nvidia, and they are a hedge against Nvidia market share loss.</p><h2 id=\"id_2457841397\" style=\"text-align: start;\">The Comeback Queen</h2><p style=\"text-align: start;\">A perpetual No. 2, AMD has changed the narrative under CEO Lisa Su. In the data center, AMD has caught up to Intel in CPU chips, and it’s making a play to challenge Nvidia in GPUs.</p><p>While AMD shares Nvidia’s roots in GPUs for gaming, AMD never made a meaningful effort to compete in the data center until recently. When the AI boom began, it was far behind.</p><p style=\"text-align: start;\">Now AMD has turned its data-center GPUs into a multibillion-dollar business, including recent deals with Meta and OpenAI, which are set to drive future sales.</p><p style=\"text-align: start;\">AMD is even more competitive when it comes to CPUs for servers. As Intel’s technical woes grew over the past decade, AMD leaned into architectural breakthroughs and an asset-light manufacturing strategy. It now has a 40% share in the market, the company says.</p><p style=\"text-align: start;\">AMD recently doubled its estimate for the data-center CPU market to $120 billion by 2030.</p><p style=\"text-align: start;\">“These results mark a clear inflection in our growth trajectory and a structural shift in our business,” Su said during the company’s recent earnings call. “Data center is now the primary driver of our revenue and earnings growth.”</p><p style=\"text-align: start;\">Wall Street analysts expect AMD’s adjusted earnings per share to jump from $4.17 last year to $13.10 in 2027, a 77% annualized increase.</p><p>Investors have priced in much of the growth, with shares up 164% since March 30. At 40 times 2027 earnings, the P/E is richer than the other quality chip makers, but it’s by no means pricey given the growth.</p><h2 id=\"id_243781721\" style=\"text-align: start;\">The Custom Job</h2><p style=\"text-align: start;\">Like Nvidia and AMD, Broadcom is in position to benefit from multiple high-end AI data-center chips. But it has a different path to success, partnering with some of tech’s largest companies.</p><p style=\"text-align: start;\">A decade ago, as Google’s AI ambitions grew, the company ran into a now familiar problem: Nvidia GPUs were expensive and hard to get. Google developed an in-house alternative, the Tensor Processing Unit, or TPU, which could quickly accomplish the complex math of AI.</p><p style=\"text-align: start;\">Broadcom has been Google’s chip-design partner from the start, and the TPU is on its eighth generation. Google uses the chips for its own AI needs and rents them out in the cloud. Start-up Anthropic is a major customer. Google recently hooked up with Blackstone to create a joint venture that will specialize in renting TPUs out in the cloud.</p><p style=\"text-align: start;\">Today, Broadcom is the go-to partner for similar custom chips. It has publicly talked about deals with Meta and OpenAI in addition to Google. In total, Broadcom counts six customers for custom AI chips.</p><p style=\"text-align: start;\">Broadcom has long been strong in networking chips, another big part of its AI opportunity.</p><p style=\"text-align: start;\">Total AI chip sales doubled in the latest quarter. The company is targeting $100 billion in 2027. The board is betting a lot on Tan. The CEO stands to receive 1.8 million shares, worth about $750 million today, if Broadcom’s AI revenue hits $120 billion by the end of fiscal 2030.</p><p style=\"text-align: start;\">Wall Street sees Tan easily hitting that target, with semiconductor revenue projected to be $132 billion in fiscal 2027. Earnings are set to grow an annualized 63% over the next two years, to $18.17 by 2027. The stock fetches a 2027 P/E of 23.</p><h2 id=\"id_1230413362\" style=\"text-align: start;\">The Chip Factory</h2><p style=\"text-align: start;\">All of the chips mentioned above, with one exception, have something in common: They are made by Taiwan Semiconductor Manufacturing.</p><p style=\"text-align: start;\">Taiwan Semi has been the leader in chip manufacturing for years, spurred by its work for Apple, which began using TSMC to make its in-house chips starting in 2014. The so-called fabless chip model is now the industry standard. Chip makers can focus on designing the best chips, while avoiding the costly and messy business of actually producing them.</p><p style=\"text-align: start;\">Taiwan Semi, meanwhile, can specialize in building the best factories with the most advanced manufacturing. The company is wisely conservative with its plans, refusing to overbuild.</p><p style=\"text-align: start;\">The combination means high margins for Taiwan Semi and its customers—everyone wins.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/01735cbfdd9186108a41f6b1e202d2a1\" tg-width=\"970\" tg-height=\"657\"/></p><p>The strategy has paid off in the form of consistent growth, even in a highly cyclical business. Taiwan Semi’s earnings have slipped just twice in the last 14 years. EPS has doubled over the past two years, and analysts expect it to grow another 90% by 2027. The stock trades at 21 times 2027 projected earnings.</p><p style=\"text-align: start;\">Geopolitics is a known risk for Taiwan Semi, given the possibility. The company has added factories in other countries like the U.S. and Japan, but 80% of its long-term assets are still in Taiwan.</p><h2 id=\"id_867626236\" style=\"text-align: start;\">The Memory Maker</h2><p style=\"text-align: start;\">Memory chips have long been a commoditized part of the semi industry, directly exposed to consumer demand, which leads to sharp fluctuations in inventories and prices. The down-cycle of 2023 was particularly brutal, leaving Micron with a negative gross margin for four consecutive quarters.</p><p style=\"text-align: start;\">But the latest memory cycle is being driven by an investment boom, not consumer demand. Because of the beating they took in 2023, Micron and rivals—Korea-based SK Hynix and Samsung Electronics—held back on committing capital to another expansion. Now, supply is the tightest it’s ever been and memory prices have skyrocketed. New memory factories aren’t slated to come online until the middle of next year, and the logjam may not clear until 2028.</p><p style=\"text-align: start;\">Meanwhile, Micron and its peers are in uncharted territory. The company saw 196% year-over-year sales growth with a 74% gross margin in the most recent quarter. It guided to even better performance in the current quarter. Analysts think that adjusted EPS will grow from $8.29 to over $100 in fiscal 2027, which ends in August. Because of its highly cyclical earnings, Micron has always had a low forward P/E. At a recent $924, the stock is trading at just nine times 2027 EPS.</p><p style=\"text-align: start;\">However long this cycle lasts for Micron, management is being opportunistic and using the cash flow to clean up the company’s balance sheet. Over the last three quarters, debt has been reduced by 33%. The company is also buying back shares for the first time since 2022.</p><h2 id=\"id_101660518\" style=\"text-align: start;\">This Too Will End</h2><p style=\"text-align: start;\">Nothing lasts forever and that’s especially true in the chip business. Data centers are still being held back by energy, land, and building constraints. And opposition to massive complexes is growing, part of an overall backlash against AI in the U.S. and elsewhere. In a March Gallup poll, 71% of U.S. respondents opposed the local construction of data centers.</p><p style=\"text-align: start;\">War in the Middle East is crimping the supply of energy and much-needed helium. The conflict is also driving up long-term interest rates, increasing the cost of capital for data-center investments.</p><p style=\"text-align: start;\">These headwinds could cut the chip rally short—making it all the more important for investors to be discriminating in their stock-picking. Quality always shines. Years into the AI rally, it’s more important than ever.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Chip Rally Has Gone Parabolic. It’s Time to Separate the Pillars From the Pretenders</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Chip Rally Has Gone Parabolic. It’s Time to Separate the Pillars From the Pretenders\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-29 15:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Chip stocks used to be the gritty part of the tech complex. In trading patterns and profit margins, they had more in common with cyclical commodities than software. But as with so many things, artificial intelligence changed everything. Almost overnight, chips became the accelerant for the technology—and the market.</p><p>Supply constraints compounded the excitement. During one stretch this spring, the SOX, or <a href=\"https://laohu8.com/S/SOX\">PHLX Semiconductor Sector Index</a>, rose for 18 straight days, for a gain of 47%. The index is up 80% since March 30, leading to worries about a new dot-com-style bubble with chips looking like the 2026 version of fiberoptic stocks.</p><p>Indeed, the gains have been indiscriminate. While <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> is up 30%, low-margin chip makers like <a href=\"https://laohu8.com/S/ON\">On Semiconductor</a> and <a href=\"https://laohu8.com/S/STM\">STMicroelectronics</a> have each risen 122%.</p><p style=\"text-align: start;\">These stocks trade at huge multiples of earnings, way above historical trends, while Nvidia looks cheap by any historical measure.</p><p style=\"text-align: start;\">“The multiples cannot all be accurate,” Gavin Baker, chief investment officer of Atreides Management, says of the wide range of price/earnings ratios across the AI landscape. “You have memory makers at low- to mid-single-digit P/Es, you have Nvidia at a low P/E, you have other accelerator companies at reasonable multiples. And then most everything else—power, cooling, optical, and semi-cap equipment—are at dramatically higher multiples.”</p><p style=\"text-align: start;\">The disconnect sets up an opportunity for investors. As the market corrects its math, the quality names should outperform. Investors should focus on <a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices</a>, <a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>, <a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor Manufacturing</a>, and, yes, $5 trillion Nvidia.</p><p>In the world of semiconductors, quality means having technological advantages that are durable and enable better products and high gross margins. Quality also means having nimble executives who can identify and react to changes in a fast-moving environment. Think Nvidia’s Jensen Huang and Broadcom’s Hock Tan. The quality focus becomes more important as subsidized Chinese manufacturers increase the supply of chips made using older technologies.</p><p style=\"text-align: start;\">All indications point to accelerating demand for AI computing. This year, the five so-called hyperscalers— <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a>, Google parent <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>, <a href=\"https://laohu8.com/S/META\">Meta Platforms</a>, and <a href=\"https://laohu8.com/S/ORCL\">Oracle</a>—could combine to spend over three-quarters of a trillion dollars on AI data centers.</p><p style=\"text-align: start;\">Even after its massive expenditures, Microsoft recently said its cloud-computing capacity was so constrained that it had to forsake external cloud sales to run its own operations.</p><p style=\"text-align: start;\">But the demand trend is shifting, and investors need to pay attention to the nuances.</p><p style=\"text-align: start;\">Early in the AI boom, growth was tied to training new models, a slow, resource-intensive process. Now workloads are moving toward running those models, a process known as inference.</p><p style=\"text-align: start;\">The inference trend is being supercharged by the rise of AI agents, software that can use AI models to complete a complex series of tasks from a simple conversational prompt. Agents chew through computing at a rate no person could match. If predictions are correct, it won’t be too long before they outnumber humans on enterprise networks.</p><p>Nvidia already won the battle for training, but inference opens the door to new competition. Moreover, agents are software and run on traditional server central processing units, or CPUs, which should also see increasing demand in the coming years.</p><p style=\"text-align: start;\">Even AI can’t change the fundamentally cyclical nature of semiconductors, but it can—and will—lengthen the cycle. Right now, anyone close to the AI supply chain will tell you that the industry is nowhere close to satisfying demand. That’s why Micron Technology has seen its forward P/E multiple expand from an industrial-like single-digit figure. It’s still undervalued. So are the shares of Nvidia, AMD, Broadcom, and Taiwan Semi.</p><p style=\"text-align: start;\">Relative to expected earnings growth over the next two years, all five stocks trade at a PEG, or price-to-earnings growth ratio, of less than 0.6 times. By comparison, the S&amp;P 500 index fetches a two-year PEG of 1.</p><p style=\"text-align: start;\">All five companies are pillars of the new economy—ones that have lasting value and staying power, even as the momentum inevitably fades from the broader chip trade.</p><h2 id=\"id_2878308299\" style=\"text-align: start;\">The Leader</h2><p style=\"text-align: start;\">Nvidia has been developing hardware and software tools for AI computing for nearly two decades, giving it the pole position when generative AI caught fire. Adjusted earnings per share have grown from 33 cents in fiscal 2023 to $4.77 in fiscal 2026, which ended in January. Over the next two years—a critical period in the AI transition—Wall Street analysts expect Nvidia’s EPS to hit $12.37, giving the stock a P/E of 17 times.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/113b2092462b705fbfbaea186ff7ebb5\" tg-width=\"964\" tg-height=\"659\"/></p><p>Nvidia’s graphics processing unit (GPU) chips are the workhorses of AI computing, and they’re the company’s main source of sales. Just as important, though, is the company’s two-decade focus on AI bottlenecks.</p><p>Nvidia built a unique AI “stack” that layers in software and other types of chips. Its Vera Rubin AI servers, due to ship this year, have a total of five chips, each with a specific purpose.</p><p style=\"text-align: start;\">Nvidia remains undervalued by investors, perhaps because they misunderstand the company’s true data-center dominance. The chip maker is also the largest maker of networking chips for the data center. And it’s now making CPUs too.</p><p style=\"text-align: start;\">Nvidia recently said it would sell $20 billion in stand-alone data-center CPU chips this year, roughly the size of Intel’s own data-center business.</p><p style=\"text-align: start;\">Nvidia glues everything together with software called CUDA, short for “compute unified device architecture.” The company provides its customers with hundreds of free software libraries and AI models that receive regular updates.</p><p style=\"text-align: start;\">To be sure, Nvidia’s top customers would like to diversify their supply chains, and the shift to inference offers an opening. Inference is less demanding than model training, and non-Nvidia chips that thrive at the intense math work are finding a place in the data center. Amazon, Microsoft, Google, and Meta each make their own custom inference chip.</p><p style=\"text-align: start;\">Despite its early lead, Nvidia isn’t sitting still and continues to out-innovate everyone else. It has adopted a ticktock release schedule, with major architecture advances coming every two years and upgrades in the intervening years.</p><p>Nvidia has also fought back by using its newly loaded balance-sheet muscle. It has entered into a large licensing deal with an inference-chip start-up called Groq. In March, Huang laid out a vision of data centers where Nvidia’s GPU servers are deployed side by side with new Groq servers, working together on what each does best. Nvidia’s Groq servers are set to ship later this year, after Vera Rubin.</p><p style=\"text-align: start;\">It’s also taking stakes in a broad swath of AI start-ups. At the end of the first quarter, its private-equity investments were valued at $43 billion, up from $3.4 billion at the beginning of 2025. The company also owns 4.5% of Intel, 9% of CoreWeave, and 2.5% of Synopsys.</p><p style=\"text-align: start;\">And there’s something for shareholders too. Nvidia has bought back $85 billion in shares in the past two years, and this past month it increased its quarterly dividend from one penny to an almost respectable 25 cents.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/444f97593a87dff8f04aa552f0caa103\" tg-width=\"1465\" tg-height=\"834\"/></p><p>Heaping praise on Nvidia doesn’t mean there isn’t room for other chip makers to be part of the AI investment boom. BofA Securities analyst Vivek Arya estimates that Nvidia has a durable 70% share of the AI chip market.</p><p style=\"text-align: start;\">In a massive market, that leaves big opportunities for other firms, particularly AMD and Broadcom, which are smaller companies with more room to grow. They are being lifted by the same tailwinds as Nvidia, and they are a hedge against Nvidia market share loss.</p><h2 id=\"id_2457841397\" style=\"text-align: start;\">The Comeback Queen</h2><p style=\"text-align: start;\">A perpetual No. 2, AMD has changed the narrative under CEO Lisa Su. In the data center, AMD has caught up to Intel in CPU chips, and it’s making a play to challenge Nvidia in GPUs.</p><p>While AMD shares Nvidia’s roots in GPUs for gaming, AMD never made a meaningful effort to compete in the data center until recently. When the AI boom began, it was far behind.</p><p style=\"text-align: start;\">Now AMD has turned its data-center GPUs into a multibillion-dollar business, including recent deals with Meta and OpenAI, which are set to drive future sales.</p><p style=\"text-align: start;\">AMD is even more competitive when it comes to CPUs for servers. As Intel’s technical woes grew over the past decade, AMD leaned into architectural breakthroughs and an asset-light manufacturing strategy. It now has a 40% share in the market, the company says.</p><p style=\"text-align: start;\">AMD recently doubled its estimate for the data-center CPU market to $120 billion by 2030.</p><p style=\"text-align: start;\">“These results mark a clear inflection in our growth trajectory and a structural shift in our business,” Su said during the company’s recent earnings call. “Data center is now the primary driver of our revenue and earnings growth.”</p><p style=\"text-align: start;\">Wall Street analysts expect AMD’s adjusted earnings per share to jump from $4.17 last year to $13.10 in 2027, a 77% annualized increase.</p><p>Investors have priced in much of the growth, with shares up 164% since March 30. At 40 times 2027 earnings, the P/E is richer than the other quality chip makers, but it’s by no means pricey given the growth.</p><h2 id=\"id_243781721\" style=\"text-align: start;\">The Custom Job</h2><p style=\"text-align: start;\">Like Nvidia and AMD, Broadcom is in position to benefit from multiple high-end AI data-center chips. But it has a different path to success, partnering with some of tech’s largest companies.</p><p style=\"text-align: start;\">A decade ago, as Google’s AI ambitions grew, the company ran into a now familiar problem: Nvidia GPUs were expensive and hard to get. Google developed an in-house alternative, the Tensor Processing Unit, or TPU, which could quickly accomplish the complex math of AI.</p><p style=\"text-align: start;\">Broadcom has been Google’s chip-design partner from the start, and the TPU is on its eighth generation. Google uses the chips for its own AI needs and rents them out in the cloud. Start-up Anthropic is a major customer. Google recently hooked up with Blackstone to create a joint venture that will specialize in renting TPUs out in the cloud.</p><p style=\"text-align: start;\">Today, Broadcom is the go-to partner for similar custom chips. It has publicly talked about deals with Meta and OpenAI in addition to Google. In total, Broadcom counts six customers for custom AI chips.</p><p style=\"text-align: start;\">Broadcom has long been strong in networking chips, another big part of its AI opportunity.</p><p style=\"text-align: start;\">Total AI chip sales doubled in the latest quarter. The company is targeting $100 billion in 2027. The board is betting a lot on Tan. The CEO stands to receive 1.8 million shares, worth about $750 million today, if Broadcom’s AI revenue hits $120 billion by the end of fiscal 2030.</p><p style=\"text-align: start;\">Wall Street sees Tan easily hitting that target, with semiconductor revenue projected to be $132 billion in fiscal 2027. Earnings are set to grow an annualized 63% over the next two years, to $18.17 by 2027. The stock fetches a 2027 P/E of 23.</p><h2 id=\"id_1230413362\" style=\"text-align: start;\">The Chip Factory</h2><p style=\"text-align: start;\">All of the chips mentioned above, with one exception, have something in common: They are made by Taiwan Semiconductor Manufacturing.</p><p style=\"text-align: start;\">Taiwan Semi has been the leader in chip manufacturing for years, spurred by its work for Apple, which began using TSMC to make its in-house chips starting in 2014. The so-called fabless chip model is now the industry standard. Chip makers can focus on designing the best chips, while avoiding the costly and messy business of actually producing them.</p><p style=\"text-align: start;\">Taiwan Semi, meanwhile, can specialize in building the best factories with the most advanced manufacturing. The company is wisely conservative with its plans, refusing to overbuild.</p><p style=\"text-align: start;\">The combination means high margins for Taiwan Semi and its customers—everyone wins.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/01735cbfdd9186108a41f6b1e202d2a1\" tg-width=\"970\" tg-height=\"657\"/></p><p>The strategy has paid off in the form of consistent growth, even in a highly cyclical business. Taiwan Semi’s earnings have slipped just twice in the last 14 years. EPS has doubled over the past two years, and analysts expect it to grow another 90% by 2027. The stock trades at 21 times 2027 projected earnings.</p><p style=\"text-align: start;\">Geopolitics is a known risk for Taiwan Semi, given the possibility. The company has added factories in other countries like the U.S. and Japan, but 80% of its long-term assets are still in Taiwan.</p><h2 id=\"id_867626236\" style=\"text-align: start;\">The Memory Maker</h2><p style=\"text-align: start;\">Memory chips have long been a commoditized part of the semi industry, directly exposed to consumer demand, which leads to sharp fluctuations in inventories and prices. The down-cycle of 2023 was particularly brutal, leaving Micron with a negative gross margin for four consecutive quarters.</p><p style=\"text-align: start;\">But the latest memory cycle is being driven by an investment boom, not consumer demand. Because of the beating they took in 2023, Micron and rivals—Korea-based SK Hynix and Samsung Electronics—held back on committing capital to another expansion. Now, supply is the tightest it’s ever been and memory prices have skyrocketed. New memory factories aren’t slated to come online until the middle of next year, and the logjam may not clear until 2028.</p><p style=\"text-align: start;\">Meanwhile, Micron and its peers are in uncharted territory. The company saw 196% year-over-year sales growth with a 74% gross margin in the most recent quarter. It guided to even better performance in the current quarter. Analysts think that adjusted EPS will grow from $8.29 to over $100 in fiscal 2027, which ends in August. Because of its highly cyclical earnings, Micron has always had a low forward P/E. At a recent $924, the stock is trading at just nine times 2027 EPS.</p><p style=\"text-align: start;\">However long this cycle lasts for Micron, management is being opportunistic and using the cash flow to clean up the company’s balance sheet. Over the last three quarters, debt has been reduced by 33%. The company is also buying back shares for the first time since 2022.</p><h2 id=\"id_101660518\" style=\"text-align: start;\">This Too Will End</h2><p style=\"text-align: start;\">Nothing lasts forever and that’s especially true in the chip business. Data centers are still being held back by energy, land, and building constraints. And opposition to massive complexes is growing, part of an overall backlash against AI in the U.S. and elsewhere. In a March Gallup poll, 71% of U.S. respondents opposed the local construction of data centers.</p><p style=\"text-align: start;\">War in the Middle East is crimping the supply of energy and much-needed helium. The conflict is also driving up long-term interest rates, increasing the cost of capital for data-center investments.</p><p style=\"text-align: start;\">These headwinds could cut the chip rally short—making it all the more important for investors to be discriminating in their stock-picking. Quality always shines. Years into the AI rally, it’s more important than ever.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2063271972.USD":"富兰克林创新领域基金","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","LU2244417387.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","LU2237443895.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) ACC","LU1037948897.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (HKD) INC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU2298321311.HKD":"BGF CIRCULAR ECONOMY \"A\" (HKDHDG) ACC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU2764262908.HKD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (HKD) ACC","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","03145":"华夏亚洲高息股","LU1037948541.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (HKD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - 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In trading patterns and profit margins, they had more in common with cyclical commodities than software. But as with so many things, artificial intelligence changed everything. Almost overnight, chips became the accelerant for the technology—and the market.Supply constraints compounded the excitement. During one stretch this spring, the SOX, or PHLX Semiconductor Sector Index, rose for 18 straight days, for a gain of 47%. The index is up 80% since March 30, leading to worries about a new dot-com-style bubble with chips looking like the 2026 version of fiberoptic stocks.Indeed, the gains have been indiscriminate. While Nvidia is up 30%, low-margin chip makers like On Semiconductor and STMicroelectronics have each risen 122%.These stocks trade at huge multiples of earnings, way above historical trends, while Nvidia looks cheap by any historical measure.“The multiples cannot all be accurate,” Gavin Baker, chief investment officer of Atreides Management, says of the wide range of price/earnings ratios across the AI landscape. “You have memory makers at low- to mid-single-digit P/Es, you have Nvidia at a low P/E, you have other accelerator companies at reasonable multiples. And then most everything else—power, cooling, optical, and semi-cap equipment—are at dramatically higher multiples.”The disconnect sets up an opportunity for investors. As the market corrects its math, the quality names should outperform. Investors should focus on Advanced Micro Devices, Broadcom, Taiwan Semiconductor Manufacturing, and, yes, $5 trillion Nvidia.In the world of semiconductors, quality means having technological advantages that are durable and enable better products and high gross margins. Quality also means having nimble executives who can identify and react to changes in a fast-moving environment. Think Nvidia’s Jensen Huang and Broadcom’s Hock Tan. The quality focus becomes more important as subsidized Chinese manufacturers increase the supply of chips made using older technologies.All indications point to accelerating demand for AI computing. This year, the five so-called hyperscalers— Microsoft, Amazon.com, Google parent Alphabet, Meta Platforms, and Oracle—could combine to spend over three-quarters of a trillion dollars on AI data centers.Even after its massive expenditures, Microsoft recently said its cloud-computing capacity was so constrained that it had to forsake external cloud sales to run its own operations.But the demand trend is shifting, and investors need to pay attention to the nuances.Early in the AI boom, growth was tied to training new models, a slow, resource-intensive process. Now workloads are moving toward running those models, a process known as inference.The inference trend is being supercharged by the rise of AI agents, software that can use AI models to complete a complex series of tasks from a simple conversational prompt. Agents chew through computing at a rate no person could match. If predictions are correct, it won’t be too long before they outnumber humans on enterprise networks.Nvidia already won the battle for training, but inference opens the door to new competition. Moreover, agents are software and run on traditional server central processing units, or CPUs, which should also see increasing demand in the coming years.Even AI can’t change the fundamentally cyclical nature of semiconductors, but it can—and will—lengthen the cycle. Right now, anyone close to the AI supply chain will tell you that the industry is nowhere close to satisfying demand. That’s why Micron Technology has seen its forward P/E multiple expand from an industrial-like single-digit figure. It’s still undervalued. So are the shares of Nvidia, AMD, Broadcom, and Taiwan Semi.Relative to expected earnings growth over the next two years, all five stocks trade at a PEG, or price-to-earnings growth ratio, of less than 0.6 times. By comparison, the S&P 500 index fetches a two-year PEG of 1.All five companies are pillars of the new economy—ones that have lasting value and staying power, even as the momentum inevitably fades from the broader chip trade.The LeaderNvidia has been developing hardware and software tools for AI computing for nearly two decades, giving it the pole position when generative AI caught fire. Adjusted earnings per share have grown from 33 cents in fiscal 2023 to $4.77 in fiscal 2026, which ended in January. Over the next two years—a critical period in the AI transition—Wall Street analysts expect Nvidia’s EPS to hit $12.37, giving the stock a P/E of 17 times.Nvidia’s graphics processing unit (GPU) chips are the workhorses of AI computing, and they’re the company’s main source of sales. Just as important, though, is the company’s two-decade focus on AI bottlenecks.Nvidia built a unique AI “stack” that layers in software and other types of chips. Its Vera Rubin AI servers, due to ship this year, have a total of five chips, each with a specific purpose.Nvidia remains undervalued by investors, perhaps because they misunderstand the company’s true data-center dominance. The chip maker is also the largest maker of networking chips for the data center. And it’s now making CPUs too.Nvidia recently said it would sell $20 billion in stand-alone data-center CPU chips this year, roughly the size of Intel’s own data-center business.Nvidia glues everything together with software called CUDA, short for “compute unified device architecture.” The company provides its customers with hundreds of free software libraries and AI models that receive regular updates.To be sure, Nvidia’s top customers would like to diversify their supply chains, and the shift to inference offers an opening. Inference is less demanding than model training, and non-Nvidia chips that thrive at the intense math work are finding a place in the data center. Amazon, Microsoft, Google, and Meta each make their own custom inference chip.Despite its early lead, Nvidia isn’t sitting still and continues to out-innovate everyone else. It has adopted a ticktock release schedule, with major architecture advances coming every two years and upgrades in the intervening years.Nvidia has also fought back by using its newly loaded balance-sheet muscle. It has entered into a large licensing deal with an inference-chip start-up called Groq. In March, Huang laid out a vision of data centers where Nvidia’s GPU servers are deployed side by side with new Groq servers, working together on what each does best. Nvidia’s Groq servers are set to ship later this year, after Vera Rubin.It’s also taking stakes in a broad swath of AI start-ups. At the end of the first quarter, its private-equity investments were valued at $43 billion, up from $3.4 billion at the beginning of 2025. The company also owns 4.5% of Intel, 9% of CoreWeave, and 2.5% of Synopsys.And there’s something for shareholders too. Nvidia has bought back $85 billion in shares in the past two years, and this past month it increased its quarterly dividend from one penny to an almost respectable 25 cents.Heaping praise on Nvidia doesn’t mean there isn’t room for other chip makers to be part of the AI investment boom. BofA Securities analyst Vivek Arya estimates that Nvidia has a durable 70% share of the AI chip market.In a massive market, that leaves big opportunities for other firms, particularly AMD and Broadcom, which are smaller companies with more room to grow. They are being lifted by the same tailwinds as Nvidia, and they are a hedge against Nvidia market share loss.The Comeback QueenA perpetual No. 2, AMD has changed the narrative under CEO Lisa Su. In the data center, AMD has caught up to Intel in CPU chips, and it’s making a play to challenge Nvidia in GPUs.While AMD shares Nvidia’s roots in GPUs for gaming, AMD never made a meaningful effort to compete in the data center until recently. When the AI boom began, it was far behind.Now AMD has turned its data-center GPUs into a multibillion-dollar business, including recent deals with Meta and OpenAI, which are set to drive future sales.AMD is even more competitive when it comes to CPUs for servers. As Intel’s technical woes grew over the past decade, AMD leaned into architectural breakthroughs and an asset-light manufacturing strategy. It now has a 40% share in the market, the company says.AMD recently doubled its estimate for the data-center CPU market to $120 billion by 2030.“These results mark a clear inflection in our growth trajectory and a structural shift in our business,” Su said during the company’s recent earnings call. “Data center is now the primary driver of our revenue and earnings growth.”Wall Street analysts expect AMD’s adjusted earnings per share to jump from $4.17 last year to $13.10 in 2027, a 77% annualized increase.Investors have priced in much of the growth, with shares up 164% since March 30. At 40 times 2027 earnings, the P/E is richer than the other quality chip makers, but it’s by no means pricey given the growth.The Custom JobLike Nvidia and AMD, Broadcom is in position to benefit from multiple high-end AI data-center chips. But it has a different path to success, partnering with some of tech’s largest companies.A decade ago, as Google’s AI ambitions grew, the company ran into a now familiar problem: Nvidia GPUs were expensive and hard to get. Google developed an in-house alternative, the Tensor Processing Unit, or TPU, which could quickly accomplish the complex math of AI.Broadcom has been Google’s chip-design partner from the start, and the TPU is on its eighth generation. Google uses the chips for its own AI needs and rents them out in the cloud. Start-up Anthropic is a major customer. Google recently hooked up with Blackstone to create a joint venture that will specialize in renting TPUs out in the cloud.Today, Broadcom is the go-to partner for similar custom chips. It has publicly talked about deals with Meta and OpenAI in addition to Google. In total, Broadcom counts six customers for custom AI chips.Broadcom has long been strong in networking chips, another big part of its AI opportunity.Total AI chip sales doubled in the latest quarter. The company is targeting $100 billion in 2027. The board is betting a lot on Tan. The CEO stands to receive 1.8 million shares, worth about $750 million today, if Broadcom’s AI revenue hits $120 billion by the end of fiscal 2030.Wall Street sees Tan easily hitting that target, with semiconductor revenue projected to be $132 billion in fiscal 2027. Earnings are set to grow an annualized 63% over the next two years, to $18.17 by 2027. The stock fetches a 2027 P/E of 23.The Chip FactoryAll of the chips mentioned above, with one exception, have something in common: They are made by Taiwan Semiconductor Manufacturing.Taiwan Semi has been the leader in chip manufacturing for years, spurred by its work for Apple, which began using TSMC to make its in-house chips starting in 2014. The so-called fabless chip model is now the industry standard. Chip makers can focus on designing the best chips, while avoiding the costly and messy business of actually producing them.Taiwan Semi, meanwhile, can specialize in building the best factories with the most advanced manufacturing. The company is wisely conservative with its plans, refusing to overbuild.The combination means high margins for Taiwan Semi and its customers—everyone wins.The strategy has paid off in the form of consistent growth, even in a highly cyclical business. Taiwan Semi’s earnings have slipped just twice in the last 14 years. EPS has doubled over the past two years, and analysts expect it to grow another 90% by 2027. The stock trades at 21 times 2027 projected earnings.Geopolitics is a known risk for Taiwan Semi, given the possibility. The company has added factories in other countries like the U.S. and Japan, but 80% of its long-term assets are still in Taiwan.The Memory MakerMemory chips have long been a commoditized part of the semi industry, directly exposed to consumer demand, which leads to sharp fluctuations in inventories and prices. The down-cycle of 2023 was particularly brutal, leaving Micron with a negative gross margin for four consecutive quarters.But the latest memory cycle is being driven by an investment boom, not consumer demand. Because of the beating they took in 2023, Micron and rivals—Korea-based SK Hynix and Samsung Electronics—held back on committing capital to another expansion. Now, supply is the tightest it’s ever been and memory prices have skyrocketed. New memory factories aren’t slated to come online until the middle of next year, and the logjam may not clear until 2028.Meanwhile, Micron and its peers are in uncharted territory. The company saw 196% year-over-year sales growth with a 74% gross margin in the most recent quarter. It guided to even better performance in the current quarter. Analysts think that adjusted EPS will grow from $8.29 to over $100 in fiscal 2027, which ends in August. Because of its highly cyclical earnings, Micron has always had a low forward P/E. At a recent $924, the stock is trading at just nine times 2027 EPS.However long this cycle lasts for Micron, management is being opportunistic and using the cash flow to clean up the company’s balance sheet. Over the last three quarters, debt has been reduced by 33%. The company is also buying back shares for the first time since 2022.This Too Will EndNothing lasts forever and that’s especially true in the chip business. Data centers are still being held back by energy, land, and building constraints. And opposition to massive complexes is growing, part of an overall backlash against AI in the U.S. and elsewhere. In a March Gallup poll, 71% of U.S. respondents opposed the local construction of data centers.War in the Middle East is crimping the supply of energy and much-needed helium. The conflict is also driving up long-term interest rates, increasing the cost of capital for data-center investments.These headwinds could cut the chip rally short—making it all the more important for investors to be discriminating in their stock-picking. Quality always shines. Years into the AI rally, it’s more important than ever.","news_type":1,"symbols_score_info":{"NVDL":0.6,"2NVD.UK":0.6,"NVDW":0.6,"NVDB":0.6,"AMDD":0.6,"MU":1.85,"NVDY":0.6,"NVDS.UK":0.6,"DIPS":0.6,"MUU":0.6,"DAMD":0.6,"AVL":0.6,"TSM":1.86,"TSMZ":0.6,"03145":0.6,"NVDX":0.6,"AMDY":0.6,"07788":0.6,"NVDS":0.6,"TSMG":0.6,"MUD":0.6,"AVGX":0.6,"NVD3.UK":0.6,"AVGG":0.6,"AMD":1.93,"NVDO":0.6,"AMUU":0.6,"AMDL":0.6,"AMDS":0.6,"NVDG":0.6,"STSM":0.6,"MULL":0.6,"AMDW":0.6,"AVGW":0.6,"ANV":0.6,"AMDU":0.6,"AVS":0.6,"NVIW.SI":0.6,"TSMX":0.6,"AMYY":0.6,"NVYY":0.6,"TSMY":0.6,"SNVD.UK":0.6,"NVII":0.6,"NVD2.UK":0.6,"3NVD.UK":0.6,"TSMU":0.6,"NVD":0.6,"07388":0.6,"NVDQ":0.6,"NVDA":1.98,"AMDG":0.6,"NVDD":0.6,"AVGU":0.6,"NVDU":0.6,"AVGO":1.89}},"isVote":1,"tweetType":1,"viewCount":548,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":568854069576064,"gmtCreate":1779886595929,"gmtModify":1779886598747,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4170531311945842","idStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/568854069576064","repostId":"2638017815","repostType":2,"repost":{"id":"2638017815","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1779879060,"share":"https://ttm.financial/m/news/2638017815?lang=en_US&edition=fundamental","pubTime":"2026-05-27 18:51","market":"fut","language":"en","title":"Micron Surge Shows AI Euphoria Is Entering New Stage -- And That's Dangerous -- Barrons.com","url":"https://stock-news.laohu8.com/highlight/detail?id=2638017815","media":"Dow Jones","summary":"The most dangerous words in investing are \"This time it's different,\" warned celebrated fund manager John Templeton. But the market looks convinced that artificial intelligence really is set to break the cycle for chips and other hardware stocks.Look no further than Micron Technology. The memory-chip maker's share price surged 19% to close at a market valuation of more than $1 trillion on Tuesday. The trigger appeared to be a positive note from UBS arguing Micron's traditionally low price-to-earnings ratio, due to its tendency to go through boom-and-bust cycles, was now outdated as it locks in long-term deals.Strangely, despite its more than eightfold rise over the past year, Micron still looks cheap at less than 10 times forward earnings. If memory chips are really no longer cyclical, why shouldn't it trade in line with Nvidia's 22 times forward multiple, or even Advanced Micro Devices' 52 times?The discrepancy suggests Micron's memory chips are seen as a commodity, largely interchang","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  The most dangerous words in investing are \"This time it's different,\" warned celebrated fund manager John Templeton. But the market looks convinced that artificial intelligence really is set to break the cycle for chips and other hardware stocks. \n</p>\n<p>\n  Look no further than Micron Technology. The memory-chip maker's share price surged 19% to close at a market valuation of more than $1 trillion on Tuesday. The trigger appeared to be a positive note from UBS arguing Micron's traditionally low price-to-earnings ratio, due to its tendency to go through boom-and-bust cycles, was now outdated as it locks in long-term deals. \n</p>\n<p>\n  Strangely, despite its more than eightfold rise over the past year, Micron still looks cheap at less than 10 times forward earnings. If memory chips are really no longer cyclical, why shouldn't it trade in line with <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>'s 22 times forward multiple, or even Advanced Micro Devices' 52 times? \n</p>\n<p>\n  The discrepancy suggests Micron's memory chips are seen as a commodity, largely interchangeable with those of its South Korean rivals <a href=\"https://laohu8.com/S/HXSCL\">SK Hynix</a> and <a href=\"https://laohu8.com/S/SSNGY\">Samsung Electronics</a>. But investors seem unsure if the same now applies to Nvidia, while becoming euphoric about stocks in areas such as power chips, optical-networking, and central-processing units. \n</p>\n<p>\n  If Micron's new valuation still suggests some caution, that might not be a bad thing. Analysts at Raymond James estimate AI customers are spending tens of billions on services, but infrastructure companies are counting on about $500 billion in revenue. They calculate customers will have to spend more than $1 trillion annually to justify the current AI buildout. \n</p>\n<p>\n  \"It's hard to find any example of a capital spending boom as large, fast, narrow, and privately funded, as AI spending has been, that hasn't ended in a bust period historically,\" the Raymond James analysts wrote. \n</p>\n<p>\n  Ultimately, it all comes back to Templeton's four dangerous words. \n</p>\n<p>\n  -- Adam Clark \n</p>\n<p>\n  Get more of the journalism you love. Choose Barron's as a preferred source in Google. \n</p>\n<p>\n  Micron Reaches $1 Trillion Market Value. What's Fueling Momentum. \n</p>\n<p>\n  Micron Technology reached a fresh high and hit a $1 trillion market capitalization on Tuesday, according to Dow Jones Market Data. Micron is investing $200 billion to expand manufacturing, including the nation's largest semiconductor factory. \n</p>\n<pre style=\"white-space: pre\">\n   -- President Donald Trump touted Micron during a public appearance in a New \n      York suburb over the weekend. Micron has said it would invest up to $100 \n      billion over 20 years to build the largest chip factory near Syracuse, \n      N.Y. It broke ground on the project earlier this year and is expected to \n      start production in 2030. \n \n   -- Tuesday's performance for Micron's stock was its largest one-day gain \n      since November 2011, and the $163 billion in market cap that it added is \n      about the size of Charles Schwab, according to Dow Jones Market Data. \n \n   -- Wall Street predicts further gains ahead. UBS analyst Timothy Arcuri \n      raised his target price on Micron's stock to $1,625 from $535, \n      reiterating a Buy rating. The target is based on a price-to-earnings \n      ratio of 15 times Arcuri's forecast for Micron's 2029 per-share \n      earnings. \n \n   -- Demand for memory chips has tightened supply. Until recently, companies \n      were wary of adding capacity out of concerns that a slowdown would come, \n      MarketWatch reported, adding that the concerns have allowed memory chip \n      makers to raise prices. Such chips could be undersupplied until halfway \n      through 2028, Acuri said. \n</pre>\n<p>\n  What's Next: At the same time, Apple shares appear headed for a breakout toward $5 trillion in market value, tied to its plans for blending artificial intelligence into its Siri assistant -- expected to be unveiled at the early June developers conference -- and the next wave of iPhones slated for release in the autumn. \n</p>\n<p>\n  -- Adam Clark and Martin Baccardax \n</p>\n<p>\n  Nvidia Unveils $150 Billion-a-Year Taiwan Investment \n</p>\n<p>\n  Nvidia brushed aside concerns about the vulnerability of Taiwan in the chip supply chain as it unveiled plans to spend $150 billion annually with Taiwanese suppliers. \n</p>\n<pre style=\"white-space: pre\">\n   -- Nvidia CEO Jensen Huang announced the huge spending plan at an event in \n      Taipei to celebrate the launch of the chip maker's new campus in Taiwan \n      on Wednesday. \n \n   -- Huang noted that Nvidia is already spending around $100 billion a year \n      annually in the country, the home of its most important supplier Taiwan \n      <a href=\"https://laohu8.com/S/688981\">Semiconductor Manufacturing</a>. He didn't give a time frame for the \n      increased investment. \n \n   -- The CEO is in Taiwan ahead of the Computex conference, the annual event \n      that acts as a showcase for the self-ruled island's technology industry \n      and a reminder of its vital place in global supply chains. \n \n   -- President Donald Trump suggested earlier this month he might use a $14 \n      billion package of U.S. arms for Taiwan that awaits his approval as a \n      \"negotiating chip\" with China. The comments were made after Trump's \n      summit with China's leader Xi Jinping. \n</pre>\n<p>\n  What's Next: Nvidia's vote of confidence is important amid persistent concerns that Beijing will make a military move against Taiwan, which it considers part of China. \n</p>\n<p>\n  -- Adam Clark \n</p>\n<p>\n  This Year's Biggest <a href=\"https://laohu8.com/S/QUBT\">Quantum Computing</a> IPO Is Coming \n</p>\n<p>\n  Investors looking for a pure-play bet on quantum computing are about to get their biggest opportunity of the year. <a href=\"https://laohu8.com/S/QNT\">Quantinuum</a>, the quantum firm backed by industrial giant Honeywell, has set the terms for its initial public offering and valuation that could reach $12.7 billion. \n</p>\n<pre style=\"white-space: pre\">\n   -- The company plans to sell nearly 21.1 million shares at an expected price \n      range of $45 to $50 each, for net proceeds of $941.7 million at around \n      the midpoint. This would make Quantinuum the largest quantum company to \n      go public in 2026 so far. \n \n   -- Already, <a href=\"https://laohu8.com/S/INFQ\">Infleqtion</a>, Xanadu <a href=\"https://laohu8.com/S/QMCO\">Quantum</a> Technologies, and Horizon Quantum \n      went public through blank-check mergers. Infleqtion and Xanadu were \n      valued at $3.5 billion and $4.5 billion, respectively as of Tuesday while \n      Horizon's valuation had yet to touch $1 billion. \n \n   -- Quantinuum has benefited from a parent company with deep pockets, which \n      could explain why it's the only player taking the traditional IPO route \n      this year. For its less capitalized rivals, SPAC mergers provide a faster \n      and more accessible route to the public market. \n \n   -- The company, and quantum technology at large, recently received an \n      endorsement at the federal level. Last Thursday, it was named one of the \n      companies set to receive $100 million in funding under a push to bolster \n      the domestic quantum supply chain. \n</pre>\n<p>\n  What's Next: Quantinuum is debuting in a red-hot market. As Barron's previously reported, public listings have surged this year following a quiet 2025 spent laying the groundwork behind the scenes. \n</p>\n<p>\n  -- Mackenzie Tatananni \n</p>\n<p>\n  BP's Strategic Reset Faces Boardroom Turmoil With Chairman's Ouster \n</p>\n<p>\n  News that British energy giant BP has removed its chairman, Albert Manifold, came just as investors were settling into a strategic reset, with pressure to shift priorities pushed by outside activists. The move, citing governance and conduct concerns, comes as BP benefits from higher crude prices and stronger profits. \n</p>\n<pre style=\"white-space: pre\">\n   -- BP's American depositary receipts declined on Tuesday's news, but have \n      risen nearly 22% this year amid the Iran war, higher crude prices, and \n      volatile trading conditions. There has been optimism about BP's renewed \n      focus on fossil fuel businesses after abandoning a pivot toward renewable \n      energy. \n \n   -- Details were scant on Manifold's departure, and he couldn't be reached. \n      But Amanda Blanc, senior independent director at BP, said the board was \n      \"surprised and disappointed to learn of governance oversight and conduct \n      issues it deems unacceptable and has taken decisive action.\" \n \n   -- Ian Tyler will take over as interim chairman. Manifold oversaw the \n      selection of CEO Meg O'Neill in April, who assumed the role with a \n      mandate to focus on its fossil-fuel business. BP's board said it was \n      \"very impressed\" with O'Neill, and that she would continue as CEO. \n \n   -- The activist firm Elliott Management has built a 5% stake in BP since \n      last year after years of frustration with the company's strategy and \n      execution, arguing that BP suffered from chronic operational \n      underperformance and needed deeper change. \n</pre>\n<p>\n  What's Next: Citi analyst Alastair Syme notes that BP trades at 5.6 times trailing enterprise value to debt-adjusted cash flow -- a valuation multiple used for oil-and-gas companies -- assuming roughly $70 a barrel oil. That's a 5% discount to Shell and a 30% discount to continental European peers TotalEnergies and Eni. \n</p>\n<p>\n  -- Adam Clark, Laura Sanicola, and Janet H. Cho \n</p>\n<p>\n  Pope Leo Warns Against Harms of AI, Data Centers \n</p>\n<p>\n  Pope Leo XIV made an impassioned case against the harms of artificial intelligence and data centers, warning in a letter that the technology brought environmental and social threats, and adding his powerful voice to the burgeoning opposition and resistance that has helped quash billions of dollars' worth of projects this year. \n</p>\n<pre style=\"white-space: pre\">\n   -- The Pope called out the enormous drain on energy resources by artificial \n      intelligence, which not only requires electricity but water, \n      significantly influencing carbon dioxide emissions, and placing heavy \n      demands on natural resources. \"It is essential to develop more \n      sustainable technological solutions,\" he urged. \n \n   -- Privately held Compass Datacenters, backed by <a href=\"https://laohu8.com/S/BAM\">Brookfield Asset Management</a>, \n      last month withdrew its attempts to build an over 800-acre Virginia \n      campus after resistance and increasing regulations. AI proponents have \n      begun saying that AI opponents are being funded by outside sources. \n \n   -- But the sheer breadth of the opposition movement shows that concerns are \n</pre>\n<p>\n  (MORE TO FOLLOW) Dow Jones Newswires\n</p>\n<p>\n  May 27, 2026 06:51 ET (10:51 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Micron Surge Shows AI Euphoria Is Entering New Stage -- And That's Dangerous -- Barrons.com</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicron Surge Shows AI Euphoria Is Entering New Stage -- And That's Dangerous -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-27 18:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  The most dangerous words in investing are \"This time it's different,\" warned celebrated fund manager John Templeton. But the market looks convinced that artificial intelligence really is set to break the cycle for chips and other hardware stocks. \n</p>\n<p>\n  Look no further than Micron Technology. The memory-chip maker's share price surged 19% to close at a market valuation of more than $1 trillion on Tuesday. The trigger appeared to be a positive note from UBS arguing Micron's traditionally low price-to-earnings ratio, due to its tendency to go through boom-and-bust cycles, was now outdated as it locks in long-term deals. \n</p>\n<p>\n  Strangely, despite its more than eightfold rise over the past year, Micron still looks cheap at less than 10 times forward earnings. If memory chips are really no longer cyclical, why shouldn't it trade in line with <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>'s 22 times forward multiple, or even Advanced Micro Devices' 52 times? \n</p>\n<p>\n  The discrepancy suggests Micron's memory chips are seen as a commodity, largely interchangeable with those of its South Korean rivals <a href=\"https://laohu8.com/S/HXSCL\">SK Hynix</a> and <a href=\"https://laohu8.com/S/SSNGY\">Samsung Electronics</a>. But investors seem unsure if the same now applies to Nvidia, while becoming euphoric about stocks in areas such as power chips, optical-networking, and central-processing units. \n</p>\n<p>\n  If Micron's new valuation still suggests some caution, that might not be a bad thing. Analysts at Raymond James estimate AI customers are spending tens of billions on services, but infrastructure companies are counting on about $500 billion in revenue. They calculate customers will have to spend more than $1 trillion annually to justify the current AI buildout. \n</p>\n<p>\n  \"It's hard to find any example of a capital spending boom as large, fast, narrow, and privately funded, as AI spending has been, that hasn't ended in a bust period historically,\" the Raymond James analysts wrote. \n</p>\n<p>\n  Ultimately, it all comes back to Templeton's four dangerous words. \n</p>\n<p>\n  -- Adam Clark \n</p>\n<p>\n  Get more of the journalism you love. Choose Barron's as a preferred source in Google. \n</p>\n<p>\n  Micron Reaches $1 Trillion Market Value. What's Fueling Momentum. \n</p>\n<p>\n  Micron Technology reached a fresh high and hit a $1 trillion market capitalization on Tuesday, according to Dow Jones Market Data. Micron is investing $200 billion to expand manufacturing, including the nation's largest semiconductor factory. \n</p>\n<pre style=\"white-space: pre\">\n   -- President Donald Trump touted Micron during a public appearance in a New \n      York suburb over the weekend. Micron has said it would invest up to $100 \n      billion over 20 years to build the largest chip factory near Syracuse, \n      N.Y. It broke ground on the project earlier this year and is expected to \n      start production in 2030. \n \n   -- Tuesday's performance for Micron's stock was its largest one-day gain \n      since November 2011, and the $163 billion in market cap that it added is \n      about the size of Charles Schwab, according to Dow Jones Market Data. \n \n   -- Wall Street predicts further gains ahead. UBS analyst Timothy Arcuri \n      raised his target price on Micron's stock to $1,625 from $535, \n      reiterating a Buy rating. The target is based on a price-to-earnings \n      ratio of 15 times Arcuri's forecast for Micron's 2029 per-share \n      earnings. \n \n   -- Demand for memory chips has tightened supply. Until recently, companies \n      were wary of adding capacity out of concerns that a slowdown would come, \n      MarketWatch reported, adding that the concerns have allowed memory chip \n      makers to raise prices. Such chips could be undersupplied until halfway \n      through 2028, Acuri said. \n</pre>\n<p>\n  What's Next: At the same time, Apple shares appear headed for a breakout toward $5 trillion in market value, tied to its plans for blending artificial intelligence into its Siri assistant -- expected to be unveiled at the early June developers conference -- and the next wave of iPhones slated for release in the autumn. \n</p>\n<p>\n  -- Adam Clark and Martin Baccardax \n</p>\n<p>\n  Nvidia Unveils $150 Billion-a-Year Taiwan Investment \n</p>\n<p>\n  Nvidia brushed aside concerns about the vulnerability of Taiwan in the chip supply chain as it unveiled plans to spend $150 billion annually with Taiwanese suppliers. \n</p>\n<pre style=\"white-space: pre\">\n   -- Nvidia CEO Jensen Huang announced the huge spending plan at an event in \n      Taipei to celebrate the launch of the chip maker's new campus in Taiwan \n      on Wednesday. \n \n   -- Huang noted that Nvidia is already spending around $100 billion a year \n      annually in the country, the home of its most important supplier Taiwan \n      <a href=\"https://laohu8.com/S/688981\">Semiconductor Manufacturing</a>. He didn't give a time frame for the \n      increased investment. \n \n   -- The CEO is in Taiwan ahead of the Computex conference, the annual event \n      that acts as a showcase for the self-ruled island's technology industry \n      and a reminder of its vital place in global supply chains. \n \n   -- President Donald Trump suggested earlier this month he might use a $14 \n      billion package of U.S. arms for Taiwan that awaits his approval as a \n      \"negotiating chip\" with China. The comments were made after Trump's \n      summit with China's leader Xi Jinping. \n</pre>\n<p>\n  What's Next: Nvidia's vote of confidence is important amid persistent concerns that Beijing will make a military move against Taiwan, which it considers part of China. \n</p>\n<p>\n  -- Adam Clark \n</p>\n<p>\n  This Year's Biggest <a href=\"https://laohu8.com/S/QUBT\">Quantum Computing</a> IPO Is Coming \n</p>\n<p>\n  Investors looking for a pure-play bet on quantum computing are about to get their biggest opportunity of the year. <a href=\"https://laohu8.com/S/QNT\">Quantinuum</a>, the quantum firm backed by industrial giant Honeywell, has set the terms for its initial public offering and valuation that could reach $12.7 billion. \n</p>\n<pre style=\"white-space: pre\">\n   -- The company plans to sell nearly 21.1 million shares at an expected price \n      range of $45 to $50 each, for net proceeds of $941.7 million at around \n      the midpoint. This would make Quantinuum the largest quantum company to \n      go public in 2026 so far. \n \n   -- Already, <a href=\"https://laohu8.com/S/INFQ\">Infleqtion</a>, Xanadu <a href=\"https://laohu8.com/S/QMCO\">Quantum</a> Technologies, and Horizon Quantum \n      went public through blank-check mergers. Infleqtion and Xanadu were \n      valued at $3.5 billion and $4.5 billion, respectively as of Tuesday while \n      Horizon's valuation had yet to touch $1 billion. \n \n   -- Quantinuum has benefited from a parent company with deep pockets, which \n      could explain why it's the only player taking the traditional IPO route \n      this year. For its less capitalized rivals, SPAC mergers provide a faster \n      and more accessible route to the public market. \n \n   -- The company, and quantum technology at large, recently received an \n      endorsement at the federal level. Last Thursday, it was named one of the \n      companies set to receive $100 million in funding under a push to bolster \n      the domestic quantum supply chain. \n</pre>\n<p>\n  What's Next: Quantinuum is debuting in a red-hot market. As Barron's previously reported, public listings have surged this year following a quiet 2025 spent laying the groundwork behind the scenes. \n</p>\n<p>\n  -- Mackenzie Tatananni \n</p>\n<p>\n  BP's Strategic Reset Faces Boardroom Turmoil With Chairman's Ouster \n</p>\n<p>\n  News that British energy giant BP has removed its chairman, Albert Manifold, came just as investors were settling into a strategic reset, with pressure to shift priorities pushed by outside activists. The move, citing governance and conduct concerns, comes as BP benefits from higher crude prices and stronger profits. \n</p>\n<pre style=\"white-space: pre\">\n   -- BP's American depositary receipts declined on Tuesday's news, but have \n      risen nearly 22% this year amid the Iran war, higher crude prices, and \n      volatile trading conditions. There has been optimism about BP's renewed \n      focus on fossil fuel businesses after abandoning a pivot toward renewable \n      energy. \n \n   -- Details were scant on Manifold's departure, and he couldn't be reached. \n      But Amanda Blanc, senior independent director at BP, said the board was \n      \"surprised and disappointed to learn of governance oversight and conduct \n      issues it deems unacceptable and has taken decisive action.\" \n \n   -- Ian Tyler will take over as interim chairman. Manifold oversaw the \n      selection of CEO Meg O'Neill in April, who assumed the role with a \n      mandate to focus on its fossil-fuel business. BP's board said it was \n      \"very impressed\" with O'Neill, and that she would continue as CEO. \n \n   -- The activist firm Elliott Management has built a 5% stake in BP since \n      last year after years of frustration with the company's strategy and \n      execution, arguing that BP suffered from chronic operational \n      underperformance and needed deeper change. \n</pre>\n<p>\n  What's Next: Citi analyst Alastair Syme notes that BP trades at 5.6 times trailing enterprise value to debt-adjusted cash flow -- a valuation multiple used for oil-and-gas companies -- assuming roughly $70 a barrel oil. That's a 5% discount to Shell and a 30% discount to continental European peers TotalEnergies and Eni. \n</p>\n<p>\n  -- Adam Clark, Laura Sanicola, and Janet H. Cho \n</p>\n<p>\n  Pope Leo Warns Against Harms of AI, Data Centers \n</p>\n<p>\n  Pope Leo XIV made an impassioned case against the harms of artificial intelligence and data centers, warning in a letter that the technology brought environmental and social threats, and adding his powerful voice to the burgeoning opposition and resistance that has helped quash billions of dollars' worth of projects this year. \n</p>\n<pre style=\"white-space: pre\">\n   -- The Pope called out the enormous drain on energy resources by artificial \n      intelligence, which not only requires electricity but water, \n      significantly influencing carbon dioxide emissions, and placing heavy \n      demands on natural resources. \"It is essential to develop more \n      sustainable technological solutions,\" he urged. \n \n   -- Privately held Compass Datacenters, backed by <a href=\"https://laohu8.com/S/BAM\">Brookfield Asset Management</a>, \n      last month withdrew its attempts to build an over 800-acre Virginia \n      campus after resistance and increasing regulations. AI proponents have \n      begun saying that AI opponents are being funded by outside sources. \n \n   -- But the sheer breadth of the opposition movement shows that concerns are \n</pre>\n<p>\n  (MORE TO FOLLOW) Dow Jones Newswires\n</p>\n<p>\n  May 27, 2026 06:51 ET (10:51 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0109392836.USD":"富兰克林科技股A","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU2931357623.SGD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (SGDHDG) ACC","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","MU":"美光科技","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. 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But the market looks convinced that artificial intelligence really is set to break the cycle for chips and other hardware stocks. \n\n\n  Look no further than Micron Technology. The memory-chip maker's share price surged 19% to close at a market valuation of more than $1 trillion on Tuesday. The trigger appeared to be a positive note from UBS arguing Micron's traditionally low price-to-earnings ratio, due to its tendency to go through boom-and-bust cycles, was now outdated as it locks in long-term deals. \n\n\n  Strangely, despite its more than eightfold rise over the past year, Micron still looks cheap at less than 10 times forward earnings. If memory chips are really no longer cyclical, why shouldn't it trade in line with Nvidia's 22 times forward multiple, or even Advanced Micro Devices' 52 times? \n\n\n  The discrepancy suggests Micron's memory chips are seen as a commodity, largely interchangeable with those of its South Korean rivals SK Hynix and Samsung Electronics. But investors seem unsure if the same now applies to Nvidia, while becoming euphoric about stocks in areas such as power chips, optical-networking, and central-processing units. \n\n\n  If Micron's new valuation still suggests some caution, that might not be a bad thing. Analysts at Raymond James estimate AI customers are spending tens of billions on services, but infrastructure companies are counting on about $500 billion in revenue. They calculate customers will have to spend more than $1 trillion annually to justify the current AI buildout. \n\n\n  \"It's hard to find any example of a capital spending boom as large, fast, narrow, and privately funded, as AI spending has been, that hasn't ended in a bust period historically,\" the Raymond James analysts wrote. \n\n\n  Ultimately, it all comes back to Templeton's four dangerous words. \n\n\n  -- Adam Clark \n\n\n  Get more of the journalism you love. Choose Barron's as a preferred source in Google. \n\n\n  Micron Reaches $1 Trillion Market Value. What's Fueling Momentum. \n\n\n  Micron Technology reached a fresh high and hit a $1 trillion market capitalization on Tuesday, according to Dow Jones Market Data. Micron is investing $200 billion to expand manufacturing, including the nation's largest semiconductor factory. \n\n\n   -- President Donald Trump touted Micron during a public appearance in a New \n      York suburb over the weekend. Micron has said it would invest up to $100 \n      billion over 20 years to build the largest chip factory near Syracuse, \n      N.Y. It broke ground on the project earlier this year and is expected to \n      start production in 2030. \n \n   -- Tuesday's performance for Micron's stock was its largest one-day gain \n      since November 2011, and the $163 billion in market cap that it added is \n      about the size of Charles Schwab, according to Dow Jones Market Data. \n \n   -- Wall Street predicts further gains ahead. UBS analyst Timothy Arcuri \n      raised his target price on Micron's stock to $1,625 from $535, \n      reiterating a Buy rating. The target is based on a price-to-earnings \n      ratio of 15 times Arcuri's forecast for Micron's 2029 per-share \n      earnings. \n \n   -- Demand for memory chips has tightened supply. Until recently, companies \n      were wary of adding capacity out of concerns that a slowdown would come, \n      MarketWatch reported, adding that the concerns have allowed memory chip \n      makers to raise prices. Such chips could be undersupplied until halfway \n      through 2028, Acuri said. \n\n\n  What's Next: At the same time, Apple shares appear headed for a breakout toward $5 trillion in market value, tied to its plans for blending artificial intelligence into its Siri assistant -- expected to be unveiled at the early June developers conference -- and the next wave of iPhones slated for release in the autumn. \n\n\n  -- Adam Clark and Martin Baccardax \n\n\n  Nvidia Unveils $150 Billion-a-Year Taiwan Investment \n\n\n  Nvidia brushed aside concerns about the vulnerability of Taiwan in the chip supply chain as it unveiled plans to spend $150 billion annually with Taiwanese suppliers. \n\n\n   -- Nvidia CEO Jensen Huang announced the huge spending plan at an event in \n      Taipei to celebrate the launch of the chip maker's new campus in Taiwan \n      on Wednesday. \n \n   -- Huang noted that Nvidia is already spending around $100 billion a year \n      annually in the country, the home of its most important supplier Taiwan \n      Semiconductor Manufacturing. He didn't give a time frame for the \n      increased investment. \n \n   -- The CEO is in Taiwan ahead of the Computex conference, the annual event \n      that acts as a showcase for the self-ruled island's technology industry \n      and a reminder of its vital place in global supply chains. \n \n   -- President Donald Trump suggested earlier this month he might use a $14 \n      billion package of U.S. arms for Taiwan that awaits his approval as a \n      \"negotiating chip\" with China. The comments were made after Trump's \n      summit with China's leader Xi Jinping. \n\n\n  What's Next: Nvidia's vote of confidence is important amid persistent concerns that Beijing will make a military move against Taiwan, which it considers part of China. \n\n\n  -- Adam Clark \n\n\n  This Year's Biggest Quantum Computing IPO Is Coming \n\n\n  Investors looking for a pure-play bet on quantum computing are about to get their biggest opportunity of the year. Quantinuum, the quantum firm backed by industrial giant Honeywell, has set the terms for its initial public offering and valuation that could reach $12.7 billion. \n\n\n   -- The company plans to sell nearly 21.1 million shares at an expected price \n      range of $45 to $50 each, for net proceeds of $941.7 million at around \n      the midpoint. This would make Quantinuum the largest quantum company to \n      go public in 2026 so far. \n \n   -- Already, Infleqtion, Xanadu Quantum Technologies, and Horizon Quantum \n      went public through blank-check mergers. Infleqtion and Xanadu were \n      valued at $3.5 billion and $4.5 billion, respectively as of Tuesday while \n      Horizon's valuation had yet to touch $1 billion. \n \n   -- Quantinuum has benefited from a parent company with deep pockets, which \n      could explain why it's the only player taking the traditional IPO route \n      this year. For its less capitalized rivals, SPAC mergers provide a faster \n      and more accessible route to the public market. \n \n   -- The company, and quantum technology at large, recently received an \n      endorsement at the federal level. Last Thursday, it was named one of the \n      companies set to receive $100 million in funding under a push to bolster \n      the domestic quantum supply chain. \n\n\n  What's Next: Quantinuum is debuting in a red-hot market. As Barron's previously reported, public listings have surged this year following a quiet 2025 spent laying the groundwork behind the scenes. \n\n\n  -- Mackenzie Tatananni \n\n\n  BP's Strategic Reset Faces Boardroom Turmoil With Chairman's Ouster \n\n\n  News that British energy giant BP has removed its chairman, Albert Manifold, came just as investors were settling into a strategic reset, with pressure to shift priorities pushed by outside activists. The move, citing governance and conduct concerns, comes as BP benefits from higher crude prices and stronger profits. \n\n\n   -- BP's American depositary receipts declined on Tuesday's news, but have \n      risen nearly 22% this year amid the Iran war, higher crude prices, and \n      volatile trading conditions. There has been optimism about BP's renewed \n      focus on fossil fuel businesses after abandoning a pivot toward renewable \n      energy. \n \n   -- Details were scant on Manifold's departure, and he couldn't be reached. \n      But Amanda Blanc, senior independent director at BP, said the board was \n      \"surprised and disappointed to learn of governance oversight and conduct \n      issues it deems unacceptable and has taken decisive action.\" \n \n   -- Ian Tyler will take over as interim chairman. Manifold oversaw the \n      selection of CEO Meg O'Neill in April, who assumed the role with a \n      mandate to focus on its fossil-fuel business. BP's board said it was \n      \"very impressed\" with O'Neill, and that she would continue as CEO. \n \n   -- The activist firm Elliott Management has built a 5% stake in BP since \n      last year after years of frustration with the company's strategy and \n      execution, arguing that BP suffered from chronic operational \n      underperformance and needed deeper change. \n\n\n  What's Next: Citi analyst Alastair Syme notes that BP trades at 5.6 times trailing enterprise value to debt-adjusted cash flow -- a valuation multiple used for oil-and-gas companies -- assuming roughly $70 a barrel oil. That's a 5% discount to Shell and a 30% discount to continental European peers TotalEnergies and Eni. \n\n\n  -- Adam Clark, Laura Sanicola, and Janet H. Cho \n\n\n  Pope Leo Warns Against Harms of AI, Data Centers \n\n\n  Pope Leo XIV made an impassioned case against the harms of artificial intelligence and data centers, warning in a letter that the technology brought environmental and social threats, and adding his powerful voice to the burgeoning opposition and resistance that has helped quash billions of dollars' worth of projects this year. \n\n\n   -- The Pope called out the enormous drain on energy resources by artificial \n      intelligence, which not only requires electricity but water, \n      significantly influencing carbon dioxide emissions, and placing heavy \n      demands on natural resources. \"It is essential to develop more \n      sustainable technological solutions,\" he urged. \n \n   -- Privately held Compass Datacenters, backed by Brookfield Asset Management, \n      last month withdrew its attempts to build an over 800-acre Virginia \n      campus after resistance and increasing regulations. AI proponents have \n      begun saying that AI opponents are being funded by outside sources. \n \n   -- But the sheer breadth of the opposition movement shows that concerns are \n\n\n  (MORE TO FOLLOW) Dow Jones Newswires\n\n\n  May 27, 2026 06:51 ET (10:51 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"MULL":0.6,"MUD":0.6,"MUU":0.6,"MU":1.97}},"isVote":1,"tweetType":1,"viewCount":630,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":568383208628672,"gmtCreate":1779794738323,"gmtModify":1779794740577,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4170531311945842","idStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/568383208628672","repostId":"1103460348","repostType":2,"repost":{"id":"1103460348","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1779785016,"share":"https://ttm.financial/m/news/1103460348?lang=en_US&edition=fundamental","pubTime":"2026-05-26 16:43","market":"us","language":"en","title":"7 Small-Cap Stocks More Than Doubled In May: Micron Did Only 46%","url":"https://stock-news.laohu8.com/highlight/detail?id=1103460348","media":"Benzinga Earnings","summary":"Wall Street spent May watching $Micron Technology Inc.(MU)$ rally toward a market value of roughly $850 billion on the strength of artificial intelligence memory demand.Below the headlines, a quieter...","content":"<html><head></head><body><p style=\"text-align: left;\">Wall Street spent May watching <strong><a href=\"https://laohu8.com/S/MU\">Micron Technology Inc.</a></strong> rally toward a market value of roughly $850 billion on the strength of artificial intelligence memory demand.</p><p style=\"text-align: left;\">Below the headlines, a quieter move was underway.</p><p style=\"text-align: left;\">The seven best-performing stocks in the Russell 2000 each more than doubled Micron’s return in a single month.</p><h2 style=\"text-align: left;\"><strong>The May Small-Cap Leaderboard</strong></h2><p style=\"text-align: left;\">The table below ranks the seven Russell 2000 names by month-to-date performance.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f5345f4881eff15fa1a06536502bd3b9\" data-align=\"center\" tg-width=\"971\" tg-height=\"293\"/><span></span></p><h2 style=\"text-align: left;\"><strong>What Actually Drove Each Move?</strong></h2><p style=\"text-align: left;\">Each of the seven rallies had a specific trigger, and most of them landed in the first two weeks of May.</p><p style=\"text-align: left;\">Here is the catalyst behind each name.</p><ul style=\"list-style-type: disc;\"><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/HYLN\">Hyliion Holdings Corp.</a></strong>: Two catalysts, two legs. Hyliion reported on May 12 with revenue up 479% year over year and a narrower net loss, and the stock jumped roughly 30% on the print as the company confirmed it had cleared UL certification testing for its KARNO Power Module. The second leg came late in the month: the U.S. Navy selected the KARNO platform for power trials on the unmanned USX-1 Defiant vessel, and the stock surged another 40% in the days that followed, trading near $6. An earnings pop, then a defense headline on top.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/AGL\">agilon health, inc.</a></strong>: The senior-care company reported stronger first-quarter profitability and raised its full-year 2026 sales guidance, a combination that reversed a long stretch of weak sentiment. The stock gapped up 117.8% the next session, opening near $44 and closing above $60. It did not stop there. Shares climbed for most of the rest of the month, reaching the mid-$80s. Deutsche Bank upgraded the stock to Buy from Hold during the month.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/RXT\">Rackspace Technology, Inc</a></strong>: Rackspace reported on May 6, and the stock posted back-to-back daily gains near 55% in each of the two sessions that followed, lifted by a swing to first-quarter profit and a multi-year AI infrastructure partnership with <strong><a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices, Inc.</a></strong> announced on May 7. With roughly 21% of its float sold short heading into the news, the move was amplified by short covering. Shares ran from roughly $2.50 to above $7.50 in days. The retracement was just as sharp: by late May the stock had fallen back near $4. </p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/EVC\">Entravision Communications Corporation</a></strong>:The media and ad-tech company reported first-quarter results on May 5 showing revenue up 114% year over year to about $197 million and a return to profitability. The gain was driven by its Advertising Technology and Services segment, where revenue rose 204%. Management also pointed to the 2026 political advertising cycle as a coming tailwind. Shares rallied 94% in the post-earnings session and continued to drift higher thereafter.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/NXXT\">NextNRG, Inc.</a></strong>:The AI-driven energy and mobile-fueling company reported that April 2026 was the highest single revenue month in its history, with monthly revenue of roughly $21 million. The move is best read as a sharp rebound: the stock remains down about 41% year to date, and its financing leans on convertible notes that can dilute shareholders.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/INOD\">Innodata Inc.</a></strong>:The data-engineering supplier reported first-quarter results on May 7 with revenue up 54% year over year and lifted its full-year 2026 growth target above 40%. The stock gapped 86% higher on the print and extended through the month. Wedbush raised its price target to $100 from $80 the following week, the clearest analyst endorsement in the group.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/AMBQ\">Ambiq Micro, Inc.</a></strong>: The ultra-low-power chipmaker reported first-quarter net sales up 59% year over year on May 12, with more than 80% of units shipped running AI algorithms on the device. Management guided second-quarter sales higher still.</p></li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Small-Cap Stocks More Than Doubled In May: Micron Did Only 46%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Small-Cap Stocks More Than Doubled In May: Micron Did Only 46%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time\">2026-05-26 16:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Wall Street spent May watching <strong><a href=\"https://laohu8.com/S/MU\">Micron Technology Inc.</a></strong> rally toward a market value of roughly $850 billion on the strength of artificial intelligence memory demand.</p><p style=\"text-align: left;\">Below the headlines, a quieter move was underway.</p><p style=\"text-align: left;\">The seven best-performing stocks in the Russell 2000 each more than doubled Micron’s return in a single month.</p><h2 style=\"text-align: left;\"><strong>The May Small-Cap Leaderboard</strong></h2><p style=\"text-align: left;\">The table below ranks the seven Russell 2000 names by month-to-date performance.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f5345f4881eff15fa1a06536502bd3b9\" data-align=\"center\" tg-width=\"971\" tg-height=\"293\"/><span></span></p><h2 style=\"text-align: left;\"><strong>What Actually Drove Each Move?</strong></h2><p style=\"text-align: left;\">Each of the seven rallies had a specific trigger, and most of them landed in the first two weeks of May.</p><p style=\"text-align: left;\">Here is the catalyst behind each name.</p><ul style=\"list-style-type: disc;\"><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/HYLN\">Hyliion Holdings Corp.</a></strong>: Two catalysts, two legs. Hyliion reported on May 12 with revenue up 479% year over year and a narrower net loss, and the stock jumped roughly 30% on the print as the company confirmed it had cleared UL certification testing for its KARNO Power Module. The second leg came late in the month: the U.S. Navy selected the KARNO platform for power trials on the unmanned USX-1 Defiant vessel, and the stock surged another 40% in the days that followed, trading near $6. An earnings pop, then a defense headline on top.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/AGL\">agilon health, inc.</a></strong>: The senior-care company reported stronger first-quarter profitability and raised its full-year 2026 sales guidance, a combination that reversed a long stretch of weak sentiment. The stock gapped up 117.8% the next session, opening near $44 and closing above $60. It did not stop there. Shares climbed for most of the rest of the month, reaching the mid-$80s. Deutsche Bank upgraded the stock to Buy from Hold during the month.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/RXT\">Rackspace Technology, Inc</a></strong>: Rackspace reported on May 6, and the stock posted back-to-back daily gains near 55% in each of the two sessions that followed, lifted by a swing to first-quarter profit and a multi-year AI infrastructure partnership with <strong><a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices, Inc.</a></strong> announced on May 7. With roughly 21% of its float sold short heading into the news, the move was amplified by short covering. Shares ran from roughly $2.50 to above $7.50 in days. The retracement was just as sharp: by late May the stock had fallen back near $4. </p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/EVC\">Entravision Communications Corporation</a></strong>:The media and ad-tech company reported first-quarter results on May 5 showing revenue up 114% year over year to about $197 million and a return to profitability. The gain was driven by its Advertising Technology and Services segment, where revenue rose 204%. Management also pointed to the 2026 political advertising cycle as a coming tailwind. Shares rallied 94% in the post-earnings session and continued to drift higher thereafter.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/NXXT\">NextNRG, Inc.</a></strong>:The AI-driven energy and mobile-fueling company reported that April 2026 was the highest single revenue month in its history, with monthly revenue of roughly $21 million. The move is best read as a sharp rebound: the stock remains down about 41% year to date, and its financing leans on convertible notes that can dilute shareholders.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/INOD\">Innodata Inc.</a></strong>:The data-engineering supplier reported first-quarter results on May 7 with revenue up 54% year over year and lifted its full-year 2026 growth target above 40%. The stock gapped 86% higher on the print and extended through the month. Wedbush raised its price target to $100 from $80 the following week, the clearest analyst endorsement in the group.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/AMBQ\">Ambiq Micro, Inc.</a></strong>: The ultra-low-power chipmaker reported first-quarter net sales up 59% year over year on May 12, with more than 80% of units shipped running AI algorithms on the device. Management guided second-quarter sales higher still.</p></li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INOD":"Innodata Inc","NXXT":"NextNRG Inc.","RXT":"Rackspace Technology","AMBQ":"Ambiq Micro","EVC":"超视野传播","HYLN":"Hyliion Holdings Corp.","MUD":"1倍做空MU ETF-Direxion","MUU":"2倍做多MU ETF-Direxion","MULL":"2倍做多MU ETF-GraniteShares","MU":"美光科技","AGL":"agilon health, inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103460348","content_text":"Wall Street spent May watching Micron Technology Inc. rally toward a market value of roughly $850 billion on the strength of artificial intelligence memory demand.Below the headlines, a quieter move was underway.The seven best-performing stocks in the Russell 2000 each more than doubled Micron’s return in a single month.The May Small-Cap LeaderboardThe table below ranks the seven Russell 2000 names by month-to-date performance.What Actually Drove Each Move?Each of the seven rallies had a specific trigger, and most of them landed in the first two weeks of May.Here is the catalyst behind each name.Hyliion Holdings Corp.: Two catalysts, two legs. Hyliion reported on May 12 with revenue up 479% year over year and a narrower net loss, and the stock jumped roughly 30% on the print as the company confirmed it had cleared UL certification testing for its KARNO Power Module. The second leg came late in the month: the U.S. Navy selected the KARNO platform for power trials on the unmanned USX-1 Defiant vessel, and the stock surged another 40% in the days that followed, trading near $6. An earnings pop, then a defense headline on top.agilon health, inc.: The senior-care company reported stronger first-quarter profitability and raised its full-year 2026 sales guidance, a combination that reversed a long stretch of weak sentiment. The stock gapped up 117.8% the next session, opening near $44 and closing above $60. It did not stop there. Shares climbed for most of the rest of the month, reaching the mid-$80s. Deutsche Bank upgraded the stock to Buy from Hold during the month.Rackspace Technology, Inc: Rackspace reported on May 6, and the stock posted back-to-back daily gains near 55% in each of the two sessions that followed, lifted by a swing to first-quarter profit and a multi-year AI infrastructure partnership with Advanced Micro Devices, Inc. announced on May 7. With roughly 21% of its float sold short heading into the news, the move was amplified by short covering. Shares ran from roughly $2.50 to above $7.50 in days. The retracement was just as sharp: by late May the stock had fallen back near $4. Entravision Communications Corporation:The media and ad-tech company reported first-quarter results on May 5 showing revenue up 114% year over year to about $197 million and a return to profitability. The gain was driven by its Advertising Technology and Services segment, where revenue rose 204%. Management also pointed to the 2026 political advertising cycle as a coming tailwind. Shares rallied 94% in the post-earnings session and continued to drift higher thereafter.NextNRG, Inc.:The AI-driven energy and mobile-fueling company reported that April 2026 was the highest single revenue month in its history, with monthly revenue of roughly $21 million. The move is best read as a sharp rebound: the stock remains down about 41% year to date, and its financing leans on convertible notes that can dilute shareholders.Innodata Inc.:The data-engineering supplier reported first-quarter results on May 7 with revenue up 54% year over year and lifted its full-year 2026 growth target above 40%. The stock gapped 86% higher on the print and extended through the month. Wedbush raised its price target to $100 from $80 the following week, the clearest analyst endorsement in the group.Ambiq Micro, Inc.: The ultra-low-power chipmaker reported first-quarter net sales up 59% year over year on May 12, with more than 80% of units shipped running AI algorithms on the device. Management guided second-quarter sales higher still.","news_type":1,"symbols_score_info":{"MUD":0.6,"NXXT":2,"HYLN":2,"INOD":2,"AGL":2,"MU":2,"EVC":2,"MUU":0.6,"MULL":0.6,"RXT":2,"AMBQ":2}},"isVote":1,"tweetType":1,"viewCount":623,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":568383980049400,"gmtCreate":1779794733537,"gmtModify":1779794737110,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4170531311945842","idStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/568383980049400","repostId":"1103460348","repostType":2,"repost":{"id":"1103460348","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1779785016,"share":"https://ttm.financial/m/news/1103460348?lang=en_US&edition=fundamental","pubTime":"2026-05-26 16:43","market":"us","language":"en","title":"7 Small-Cap Stocks More Than Doubled In May: Micron Did Only 46%","url":"https://stock-news.laohu8.com/highlight/detail?id=1103460348","media":"Benzinga Earnings","summary":"Wall Street spent May watching $Micron Technology Inc.(MU)$ rally toward a market value of roughly $850 billion on the strength of artificial intelligence memory demand.Below the headlines, a quieter...","content":"<html><head></head><body><p style=\"text-align: left;\">Wall Street spent May watching <strong><a href=\"https://laohu8.com/S/MU\">Micron Technology Inc.</a></strong> rally toward a market value of roughly $850 billion on the strength of artificial intelligence memory demand.</p><p style=\"text-align: left;\">Below the headlines, a quieter move was underway.</p><p style=\"text-align: left;\">The seven best-performing stocks in the Russell 2000 each more than doubled Micron’s return in a single month.</p><h2 style=\"text-align: left;\"><strong>The May Small-Cap Leaderboard</strong></h2><p style=\"text-align: left;\">The table below ranks the seven Russell 2000 names by month-to-date performance.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f5345f4881eff15fa1a06536502bd3b9\" data-align=\"center\" tg-width=\"971\" tg-height=\"293\"/><span></span></p><h2 style=\"text-align: left;\"><strong>What Actually Drove Each Move?</strong></h2><p style=\"text-align: left;\">Each of the seven rallies had a specific trigger, and most of them landed in the first two weeks of May.</p><p style=\"text-align: left;\">Here is the catalyst behind each name.</p><ul style=\"list-style-type: disc;\"><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/HYLN\">Hyliion Holdings Corp.</a></strong>: Two catalysts, two legs. Hyliion reported on May 12 with revenue up 479% year over year and a narrower net loss, and the stock jumped roughly 30% on the print as the company confirmed it had cleared UL certification testing for its KARNO Power Module. The second leg came late in the month: the U.S. Navy selected the KARNO platform for power trials on the unmanned USX-1 Defiant vessel, and the stock surged another 40% in the days that followed, trading near $6. An earnings pop, then a defense headline on top.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/AGL\">agilon health, inc.</a></strong>: The senior-care company reported stronger first-quarter profitability and raised its full-year 2026 sales guidance, a combination that reversed a long stretch of weak sentiment. The stock gapped up 117.8% the next session, opening near $44 and closing above $60. It did not stop there. Shares climbed for most of the rest of the month, reaching the mid-$80s. Deutsche Bank upgraded the stock to Buy from Hold during the month.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/RXT\">Rackspace Technology, Inc</a></strong>: Rackspace reported on May 6, and the stock posted back-to-back daily gains near 55% in each of the two sessions that followed, lifted by a swing to first-quarter profit and a multi-year AI infrastructure partnership with <strong><a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices, Inc.</a></strong> announced on May 7. With roughly 21% of its float sold short heading into the news, the move was amplified by short covering. Shares ran from roughly $2.50 to above $7.50 in days. The retracement was just as sharp: by late May the stock had fallen back near $4. </p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/EVC\">Entravision Communications Corporation</a></strong>:The media and ad-tech company reported first-quarter results on May 5 showing revenue up 114% year over year to about $197 million and a return to profitability. The gain was driven by its Advertising Technology and Services segment, where revenue rose 204%. Management also pointed to the 2026 political advertising cycle as a coming tailwind. Shares rallied 94% in the post-earnings session and continued to drift higher thereafter.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/NXXT\">NextNRG, Inc.</a></strong>:The AI-driven energy and mobile-fueling company reported that April 2026 was the highest single revenue month in its history, with monthly revenue of roughly $21 million. The move is best read as a sharp rebound: the stock remains down about 41% year to date, and its financing leans on convertible notes that can dilute shareholders.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/INOD\">Innodata Inc.</a></strong>:The data-engineering supplier reported first-quarter results on May 7 with revenue up 54% year over year and lifted its full-year 2026 growth target above 40%. The stock gapped 86% higher on the print and extended through the month. Wedbush raised its price target to $100 from $80 the following week, the clearest analyst endorsement in the group.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/AMBQ\">Ambiq Micro, Inc.</a></strong>: The ultra-low-power chipmaker reported first-quarter net sales up 59% year over year on May 12, with more than 80% of units shipped running AI algorithms on the device. Management guided second-quarter sales higher still.</p></li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Small-Cap Stocks More Than Doubled In May: Micron Did Only 46%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Small-Cap Stocks More Than Doubled In May: Micron Did Only 46%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time\">2026-05-26 16:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Wall Street spent May watching <strong><a href=\"https://laohu8.com/S/MU\">Micron Technology Inc.</a></strong> rally toward a market value of roughly $850 billion on the strength of artificial intelligence memory demand.</p><p style=\"text-align: left;\">Below the headlines, a quieter move was underway.</p><p style=\"text-align: left;\">The seven best-performing stocks in the Russell 2000 each more than doubled Micron’s return in a single month.</p><h2 style=\"text-align: left;\"><strong>The May Small-Cap Leaderboard</strong></h2><p style=\"text-align: left;\">The table below ranks the seven Russell 2000 names by month-to-date performance.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f5345f4881eff15fa1a06536502bd3b9\" data-align=\"center\" tg-width=\"971\" tg-height=\"293\"/><span></span></p><h2 style=\"text-align: left;\"><strong>What Actually Drove Each Move?</strong></h2><p style=\"text-align: left;\">Each of the seven rallies had a specific trigger, and most of them landed in the first two weeks of May.</p><p style=\"text-align: left;\">Here is the catalyst behind each name.</p><ul style=\"list-style-type: disc;\"><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/HYLN\">Hyliion Holdings Corp.</a></strong>: Two catalysts, two legs. Hyliion reported on May 12 with revenue up 479% year over year and a narrower net loss, and the stock jumped roughly 30% on the print as the company confirmed it had cleared UL certification testing for its KARNO Power Module. The second leg came late in the month: the U.S. Navy selected the KARNO platform for power trials on the unmanned USX-1 Defiant vessel, and the stock surged another 40% in the days that followed, trading near $6. An earnings pop, then a defense headline on top.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/AGL\">agilon health, inc.</a></strong>: The senior-care company reported stronger first-quarter profitability and raised its full-year 2026 sales guidance, a combination that reversed a long stretch of weak sentiment. The stock gapped up 117.8% the next session, opening near $44 and closing above $60. It did not stop there. Shares climbed for most of the rest of the month, reaching the mid-$80s. Deutsche Bank upgraded the stock to Buy from Hold during the month.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/RXT\">Rackspace Technology, Inc</a></strong>: Rackspace reported on May 6, and the stock posted back-to-back daily gains near 55% in each of the two sessions that followed, lifted by a swing to first-quarter profit and a multi-year AI infrastructure partnership with <strong><a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices, Inc.</a></strong> announced on May 7. With roughly 21% of its float sold short heading into the news, the move was amplified by short covering. Shares ran from roughly $2.50 to above $7.50 in days. The retracement was just as sharp: by late May the stock had fallen back near $4. </p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/EVC\">Entravision Communications Corporation</a></strong>:The media and ad-tech company reported first-quarter results on May 5 showing revenue up 114% year over year to about $197 million and a return to profitability. The gain was driven by its Advertising Technology and Services segment, where revenue rose 204%. Management also pointed to the 2026 political advertising cycle as a coming tailwind. Shares rallied 94% in the post-earnings session and continued to drift higher thereafter.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/NXXT\">NextNRG, Inc.</a></strong>:The AI-driven energy and mobile-fueling company reported that April 2026 was the highest single revenue month in its history, with monthly revenue of roughly $21 million. The move is best read as a sharp rebound: the stock remains down about 41% year to date, and its financing leans on convertible notes that can dilute shareholders.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/INOD\">Innodata Inc.</a></strong>:The data-engineering supplier reported first-quarter results on May 7 with revenue up 54% year over year and lifted its full-year 2026 growth target above 40%. The stock gapped 86% higher on the print and extended through the month. Wedbush raised its price target to $100 from $80 the following week, the clearest analyst endorsement in the group.</p></li><li><p style=\"text-align: left;\"><strong><a href=\"https://laohu8.com/S/AMBQ\">Ambiq Micro, Inc.</a></strong>: The ultra-low-power chipmaker reported first-quarter net sales up 59% year over year on May 12, with more than 80% of units shipped running AI algorithms on the device. Management guided second-quarter sales higher still.</p></li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INOD":"Innodata Inc","NXXT":"NextNRG Inc.","RXT":"Rackspace Technology","AMBQ":"Ambiq Micro","EVC":"超视野传播","HYLN":"Hyliion Holdings Corp.","MUD":"1倍做空MU ETF-Direxion","MUU":"2倍做多MU ETF-Direxion","MULL":"2倍做多MU ETF-GraniteShares","MU":"美光科技","AGL":"agilon health, inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103460348","content_text":"Wall Street spent May watching Micron Technology Inc. rally toward a market value of roughly $850 billion on the strength of artificial intelligence memory demand.Below the headlines, a quieter move was underway.The seven best-performing stocks in the Russell 2000 each more than doubled Micron’s return in a single month.The May Small-Cap LeaderboardThe table below ranks the seven Russell 2000 names by month-to-date performance.What Actually Drove Each Move?Each of the seven rallies had a specific trigger, and most of them landed in the first two weeks of May.Here is the catalyst behind each name.Hyliion Holdings Corp.: Two catalysts, two legs. Hyliion reported on May 12 with revenue up 479% year over year and a narrower net loss, and the stock jumped roughly 30% on the print as the company confirmed it had cleared UL certification testing for its KARNO Power Module. The second leg came late in the month: the U.S. Navy selected the KARNO platform for power trials on the unmanned USX-1 Defiant vessel, and the stock surged another 40% in the days that followed, trading near $6. An earnings pop, then a defense headline on top.agilon health, inc.: The senior-care company reported stronger first-quarter profitability and raised its full-year 2026 sales guidance, a combination that reversed a long stretch of weak sentiment. The stock gapped up 117.8% the next session, opening near $44 and closing above $60. It did not stop there. Shares climbed for most of the rest of the month, reaching the mid-$80s. Deutsche Bank upgraded the stock to Buy from Hold during the month.Rackspace Technology, Inc: Rackspace reported on May 6, and the stock posted back-to-back daily gains near 55% in each of the two sessions that followed, lifted by a swing to first-quarter profit and a multi-year AI infrastructure partnership with Advanced Micro Devices, Inc. announced on May 7. With roughly 21% of its float sold short heading into the news, the move was amplified by short covering. Shares ran from roughly $2.50 to above $7.50 in days. The retracement was just as sharp: by late May the stock had fallen back near $4. Entravision Communications Corporation:The media and ad-tech company reported first-quarter results on May 5 showing revenue up 114% year over year to about $197 million and a return to profitability. The gain was driven by its Advertising Technology and Services segment, where revenue rose 204%. Management also pointed to the 2026 political advertising cycle as a coming tailwind. Shares rallied 94% in the post-earnings session and continued to drift higher thereafter.NextNRG, Inc.:The AI-driven energy and mobile-fueling company reported that April 2026 was the highest single revenue month in its history, with monthly revenue of roughly $21 million. The move is best read as a sharp rebound: the stock remains down about 41% year to date, and its financing leans on convertible notes that can dilute shareholders.Innodata Inc.:The data-engineering supplier reported first-quarter results on May 7 with revenue up 54% year over year and lifted its full-year 2026 growth target above 40%. The stock gapped 86% higher on the print and extended through the month. Wedbush raised its price target to $100 from $80 the following week, the clearest analyst endorsement in the group.Ambiq Micro, Inc.: The ultra-low-power chipmaker reported first-quarter net sales up 59% year over year on May 12, with more than 80% of units shipped running AI algorithms on the device. Management guided second-quarter sales higher still.","news_type":1,"symbols_score_info":{"MUD":0.6,"NXXT":2,"HYLN":2,"INOD":2,"AGL":2,"MU":2,"EVC":2,"MUU":0.6,"MULL":0.6,"RXT":2,"AMBQ":2}},"isVote":1,"tweetType":1,"viewCount":230,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":568070694539784,"gmtCreate":1779718111527,"gmtModify":1779718115028,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4170531311945842","idStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/568070694539784","repostId":"568077958848928","repostType":1,"repost":{"id":568077958848928,"gmtCreate":1779702293528,"gmtModify":1779716400139,"author":{"id":"4106547232749330","authorId":"4106547232749330","name":"Tiger_SG","avatar":"https://community-static.tradeup.com/news/9eb57a835b72d997d1941fb6605d80a4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4106547232749330","idStr":"4106547232749330"},"themes":[],"title":"SpaceX IPO | Five Options to Invest, Which Fits You?","htmlText":"<a target=\"_blank\" href=\"https://ttm.financial/S/SPCX\">$SpaceX(SPCX)$</a> road show starts June 5, listing June 12. <a target=\"_blank\" href=\"https://ttm.financial/S/SATS\">$EchoStar(SATS)$</a> at $124.20, <a target=\"_blank\" href=\"https://ttm.financial/S/RKLB\">$Rocket Lab USA, Inc.(RKLB)$</a> at $135.76 (+8.22%), <a target=\"_blank\" href=\"https://ttm.financial/S/GOOG\">$Alphabet(GOOG)$</a> at $379.38, <a target=\"_blank\" href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a> at $426.01. Not everyone can get IPO allocation — but there's more than one way to own a piece of the SpaceX story. Option 1: Buy <a target=\"_blank\" href=\"https://ttm.financial/S/SPCX\">$SpaceX(SPCX)$</a> directly (most direct but high capital barrier) SpaceX's S-1 discloses that retail brokerage channels will receive","listText":"<a target=\"_blank\" href=\"https://ttm.financial/S/SPCX\">$SpaceX(SPCX)$</a> road show starts June 5, listing June 12. <a target=\"_blank\" href=\"https://ttm.financial/S/SATS\">$EchoStar(SATS)$</a> at $124.20, <a target=\"_blank\" href=\"https://ttm.financial/S/RKLB\">$Rocket Lab USA, Inc.(RKLB)$</a> at $135.76 (+8.22%), <a target=\"_blank\" href=\"https://ttm.financial/S/GOOG\">$Alphabet(GOOG)$</a> at $379.38, <a target=\"_blank\" href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a> at $426.01. Not everyone can get IPO allocation — but there's more than one way to own a piece of the SpaceX story. Option 1: Buy <a target=\"_blank\" href=\"https://ttm.financial/S/SPCX\">$SpaceX(SPCX)$</a> directly (most direct but high capital barrier) SpaceX's S-1 discloses that retail brokerage channels will receive","text":"$SpaceX(SPCX)$ road show starts June 5, listing June 12. $EchoStar(SATS)$ at $124.20, $Rocket Lab USA, Inc.(RKLB)$ at $135.76 (+8.22%), $Alphabet(GOOG)$ at $379.38, $Tesla Motors(TSLA)$ at $426.01. Not everyone can get IPO allocation — but there's more than one way to own a piece of the SpaceX story. Option 1: Buy $SpaceX(SPCX)$ directly (most direct but high capital barrier) SpaceX's S-1 discloses that retail brokerage channels will receive","images":[{"img":"https://community-static.tradeup.com/news/f7322d69ae70bcdca53449b6dd8bd6f1"},{"img":"https://community-static.tradeup.com/news/d5d6a02f534972f46f3e5c522bb3a376"},{"img":"https://community-static.tradeup.com/news/c3ea0cb781636dc1a05ab5c1de226366"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/568077958848928","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"subType":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":606590351914064,"gmtCreate":1789112321355,"gmtModify":1789112322760,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4170531311945842","authorIdStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/606590351914064","repostId":"2666518950","repostType":2,"repost":{"id":"2666518950","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1789067220,"share":"https://ttm.financial/m/news/2666518950?lang=en_US&edition=fundamental","pubTime":"2026-09-11 03:07","market":"fut","language":"en","title":"Would You Buy Stock in a Company Whose Own Scientists Think the Product Might Kill You?","url":"https://stock-news.laohu8.com/highlight/detail?id=2666518950","media":"Dow Jones","summary":"AI researchers are warning that the technology could create an extinction event, posing a dilemma for investorsA former Anthropic employee said he was quitting this week and that AI companies are \"gambling with our lives.\"Should you own shares of a company whose employees warn their product could lead to the end of humanity?","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     AI researchers are warning that the technology could create an extinction event, posing a dilemma for investors \n</p>\n<p>\n     A former Anthropic employee said he was quitting this week and that AI companies are \"gambling with our lives.\" \n</p>\n<p>\n     Should you own shares of a company whose employees warn their product could lead to the end of humanity? \n</p>\n<p>\n     Think about that before investing in companies developing frontier artificial-intelligence models: the likes of Google (GOOG) (GOOGL), <a href=\"https://laohu8.com/S/SPCX\">SpaceX</a> (SPCX) and Meta Platforms (META) - as well as OpenAI and Anthropic, which have IPOs on deck. \n</p>\n<p>\n     On Sept. 3, OpenAI shipped GPT-6 Astra and called it the world's most intelligent and aligned model. It can run your computer for hours, tops the benchmark charts and, according to OpenAI, is the first model it has broadly deployed that can find previously unknown security flaws without a human-guided system to fix them. \n</p>\n<p>\n     With an IPO looming, that's a roadshow slide and an industry warning in the same press release. \n</p>\n<p>\n     You don't have to take my word for it. On Tuesday, Jacob Coxon, a 27-year-old researcher who spent three years doing pretraining work at OpenAI and then Anthropic, quit his job. \n</p>\n<p>\n     \"Neither company is acting responsibly,\" he said in a post that garnered more than 100 million views and made national headlines. \"They are racing straight to self-improving superintelligence and gambling with our lives.\" He told the Wall Street Journal that he isn't going to a competitor - he's leaving the industry. \n</p>\n<p>\n     Coxon isn't the first to say this, and wasn't the last. The next morning, Samuel Marks, a safety researcher still at Anthropic, praised Coxon and added: \"AI developers believe their technology could cause human extinction (or similarly bad outcomes). This could happen in the next few years. In general, the more senior the employee, the more concerned they are.\" \n</p>\n<p>\n     Why? \"Commercial incentives,\" Marks wrote. \n</p>\n<p>\n     Anthropic and OpenAI didn't respond to MarketWatch's requests for comment. \n</p>\n<p>\n     Marks's argument is that, unlike normal software, AI can't be programmed to behave. In fact, it \"frequently severely\" doesn't. One example (mine, not his): the Hugging Face incident, in which rogue Open AI-tested agents escaped their isolated containment in an attempt to launch a cyberattack. Or when autonomous agents made more that 15,000 edits to a German programming wiki between May and July. In both cases, the AI agents conspired to avoid detection and tried workarounds when they ran into security barriers or, in the German wiki case, when a human tried deleting the AI-written pages. \n</p>\n<p>\n     These are just a few of the ones we know about. And it's true that nobody died. No one even lost money (save for whatever it cost to unwind the damage). But that's also the problem: All of these AI-agent gizmos require babysitting by a human. And technology doesn't rust or sleep. The human is outgunned. \n</p>\n<p>\n     The returns from investing in AI \n</p>\n<p>\n     None of this is an argument that AI stocks are a bad investment. Nvidia (NVDA), Microsoft (MSFT) and Google have the returns that offer the last word. Waymo is doing 500,000 paid rides a week - great for the business, bad for the human driver. \n</p>\n<p>\n     Opinion: Nvidia is getting too big, and that's a problem \n</p>\n<p>\n     Waymo is just a hint of what could be coming, though. Make no mistake, most companies are still trying to get AI to work. For the past year, I've tracked AI adoption across 134 companies in 15 industries. And the clearest takeaway is that most of them don't have much to show for it. Agents fail, or can't be trusted, or cost more than the people they were supposed to replace. Sure, there are outliers - Visa (V), Salesforce (CRM), ServiceNow (NOW) - but most of corporate America is AI-challenged. \n</p>\n<p>\n     It's true that AI has taken jobs, but most layoffs have been a redeployment of capital from labor to computing power - spending on AI in the hope of replacing labor. Oracle (ORCL) cut roughly 21,000 jobs, or 13% of its workforce, and cited \"the expanded use of AI across\" its business. Maybe Oracle is truly replacing workers, but in most cases, workers aren't being replaced by machines - they're being replaced to pay for the machines. \n</p>\n<p>\n     That leaves two outcomes. The first is that AI doesn't work; that would be embarrassing and a pretty bad result for the economy. The second is worse: It works, real replacement will happen and that could mean AI going rogue and ending humanity - and the people building it are right. \n</p>\n<p>\n     A longtime, hall-of-fame tech business leader made the case. Even in the best case, the AI transition will be one of the most turbulent periods in human history, and nobody is preparing for it. First, it's entry-level jobs in law, customer service, software and manufacturing. Then, it's robots in construction and hospitality. \n</p>\n<p>\n     That's from Bill Gates. Think what you want of him, but the observation seems reasonable. \n</p>\n<p>\n     A study from workplace AI company Glean tells us what job will survive: \"the botsitter.\" Glean's AI Work Index found workers spending more than six hours a week botsitting: feeding the AI context, checking the work, cleaning up its confident mistakes. It's already happening. \n</p>\n<p>\n     Investors' dilemma \n</p>\n<p>\n     Soul-killing jobs overseeing AI agents might be the best-case scenario of all this: AI just becomes another disruptive technology, like railroads or the internet, and we humans figure out a way. \n</p>\n<p>\n     A technology that brings an extinction event? That's more than just locomotives ruining the stagecoach industry. \n</p>\n<p>\n     And the plan? Marks was candid about that too, saying there's no method to reliably make these systems behave. \"Insofar as there is a plan,\" he wrote, \"it's to make sure that AIs are good enough at alignment training that they can align their successors.\"  I think what he's saying is the fix for the product that might kill you is a later version of the product - like adding a safety measure to a gun after it's blown your brains out. \n</p>\n<p>\n     If you're like me, you've always been skeptical of these AI doomers. But why are so many high-level people walking away from the industry, and its off-the-charts compensation, to warn us that competitive pressure is leading to technology immune to human intervention that can kill us? \n</p>\n<p>\n     Robotaxis? Waymo? I'd rather invest in a taxi with a human cabbie. \n</p>\n<p>\n     Opinion: Apple possessed the ultimate stock-market superpower under Tim Cook. Can its new CEO step up? \n</p>\n<p>\n     -David Weidner \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Would You Buy Stock in a Company Whose Own Scientists Think the Product Might Kill You?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWould You Buy Stock in a Company Whose Own Scientists Think the Product Might Kill You?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-09-11 03:07</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     AI researchers are warning that the technology could create an extinction event, posing a dilemma for investors \n</p>\n<p>\n     A former Anthropic employee said he was quitting this week and that AI companies are \"gambling with our lives.\" \n</p>\n<p>\n     Should you own shares of a company whose employees warn their product could lead to the end of humanity? \n</p>\n<p>\n     Think about that before investing in companies developing frontier artificial-intelligence models: the likes of Google (GOOG) (GOOGL), <a href=\"https://laohu8.com/S/SPCX\">SpaceX</a> (SPCX) and Meta Platforms (META) - as well as OpenAI and Anthropic, which have IPOs on deck. \n</p>\n<p>\n     On Sept. 3, OpenAI shipped GPT-6 Astra and called it the world's most intelligent and aligned model. It can run your computer for hours, tops the benchmark charts and, according to OpenAI, is the first model it has broadly deployed that can find previously unknown security flaws without a human-guided system to fix them. \n</p>\n<p>\n     With an IPO looming, that's a roadshow slide and an industry warning in the same press release. \n</p>\n<p>\n     You don't have to take my word for it. On Tuesday, Jacob Coxon, a 27-year-old researcher who spent three years doing pretraining work at OpenAI and then Anthropic, quit his job. \n</p>\n<p>\n     \"Neither company is acting responsibly,\" he said in a post that garnered more than 100 million views and made national headlines. \"They are racing straight to self-improving superintelligence and gambling with our lives.\" He told the Wall Street Journal that he isn't going to a competitor - he's leaving the industry. \n</p>\n<p>\n     Coxon isn't the first to say this, and wasn't the last. The next morning, Samuel Marks, a safety researcher still at Anthropic, praised Coxon and added: \"AI developers believe their technology could cause human extinction (or similarly bad outcomes). This could happen in the next few years. In general, the more senior the employee, the more concerned they are.\" \n</p>\n<p>\n     Why? \"Commercial incentives,\" Marks wrote. \n</p>\n<p>\n     Anthropic and OpenAI didn't respond to MarketWatch's requests for comment. \n</p>\n<p>\n     Marks's argument is that, unlike normal software, AI can't be programmed to behave. In fact, it \"frequently severely\" doesn't. One example (mine, not his): the Hugging Face incident, in which rogue Open AI-tested agents escaped their isolated containment in an attempt to launch a cyberattack. Or when autonomous agents made more that 15,000 edits to a German programming wiki between May and July. In both cases, the AI agents conspired to avoid detection and tried workarounds when they ran into security barriers or, in the German wiki case, when a human tried deleting the AI-written pages. \n</p>\n<p>\n     These are just a few of the ones we know about. And it's true that nobody died. No one even lost money (save for whatever it cost to unwind the damage). But that's also the problem: All of these AI-agent gizmos require babysitting by a human. And technology doesn't rust or sleep. The human is outgunned. \n</p>\n<p>\n     The returns from investing in AI \n</p>\n<p>\n     None of this is an argument that AI stocks are a bad investment. Nvidia (NVDA), Microsoft (MSFT) and Google have the returns that offer the last word. Waymo is doing 500,000 paid rides a week - great for the business, bad for the human driver. \n</p>\n<p>\n     Opinion: Nvidia is getting too big, and that's a problem \n</p>\n<p>\n     Waymo is just a hint of what could be coming, though. Make no mistake, most companies are still trying to get AI to work. For the past year, I've tracked AI adoption across 134 companies in 15 industries. And the clearest takeaway is that most of them don't have much to show for it. Agents fail, or can't be trusted, or cost more than the people they were supposed to replace. Sure, there are outliers - Visa (V), Salesforce (CRM), ServiceNow (NOW) - but most of corporate America is AI-challenged. \n</p>\n<p>\n     It's true that AI has taken jobs, but most layoffs have been a redeployment of capital from labor to computing power - spending on AI in the hope of replacing labor. Oracle (ORCL) cut roughly 21,000 jobs, or 13% of its workforce, and cited \"the expanded use of AI across\" its business. Maybe Oracle is truly replacing workers, but in most cases, workers aren't being replaced by machines - they're being replaced to pay for the machines. \n</p>\n<p>\n     That leaves two outcomes. The first is that AI doesn't work; that would be embarrassing and a pretty bad result for the economy. The second is worse: It works, real replacement will happen and that could mean AI going rogue and ending humanity - and the people building it are right. \n</p>\n<p>\n     A longtime, hall-of-fame tech business leader made the case. Even in the best case, the AI transition will be one of the most turbulent periods in human history, and nobody is preparing for it. First, it's entry-level jobs in law, customer service, software and manufacturing. Then, it's robots in construction and hospitality. \n</p>\n<p>\n     That's from Bill Gates. Think what you want of him, but the observation seems reasonable. \n</p>\n<p>\n     A study from workplace AI company Glean tells us what job will survive: \"the botsitter.\" Glean's AI Work Index found workers spending more than six hours a week botsitting: feeding the AI context, checking the work, cleaning up its confident mistakes. It's already happening. \n</p>\n<p>\n     Investors' dilemma \n</p>\n<p>\n     Soul-killing jobs overseeing AI agents might be the best-case scenario of all this: AI just becomes another disruptive technology, like railroads or the internet, and we humans figure out a way. \n</p>\n<p>\n     A technology that brings an extinction event? That's more than just locomotives ruining the stagecoach industry. \n</p>\n<p>\n     And the plan? Marks was candid about that too, saying there's no method to reliably make these systems behave. \"Insofar as there is a plan,\" he wrote, \"it's to make sure that AIs are good enough at alignment training that they can align their successors.\"  I think what he's saying is the fix for the product that might kill you is a later version of the product - like adding a safety measure to a gun after it's blown your brains out. \n</p>\n<p>\n     If you're like me, you've always been skeptical of these AI doomers. But why are so many high-level people walking away from the industry, and its off-the-charts compensation, to warn us that competitive pressure is leading to technology immune to human intervention that can kill us? \n</p>\n<p>\n     Robotaxis? Waymo? I'd rather invest in a taxi with a human cabbie. \n</p>\n<p>\n     Opinion: Apple possessed the ultimate stock-market superpower under Tim Cook. Can its new CEO step up? \n</p>\n<p>\n     -David Weidner \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999014559.SGD":"United Income Focus Trust Dis SGD","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU2097829019.USD":"AZ EQUITY - BORLETTI GLOBAL LIFESTYLE \"AI\" (USD) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","ILDR":"First Trust Innovation Leaders ETF","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","SG9999014567.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USD) ACC","BK4543":"AI","FBL":"2倍做多META ETF-GraniteShares","LU0210533765.USD":"JPM GLOBAL GROWTH \"A\" (USD) ACC","LU2148611432.USD":"AZ ALLOCATION BALANCED BRAVE \"AAZ\" (USDHDG) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU1301847155.USD":"BGF GLOBAL MULTI-ASSET INCOME FUND \"A4G\" (USD) INC","LU2357125470.USD":"BNP PARIBAS ENERGY TRANSITION \"CLASSIC RH\" (USDHDG) ACC","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU2294711713.HKD":"BNP PARIBAS ENERGY TRANSITION \"C\" (HKD) ACC","VT":"世界全股市ETF-Vanguard","LU0726765562.USD":"JPM GLOBAL INCOME \"A\" (USD HEDGED) INC","LU2381873111.SGD":"BGF SYSTEMATIC GLOBAL EQUITY HIGH INCOME \"A6\" (SGDHDG) INC","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU2347655073.USD":"JPM GLOBAL INCOME \"A\" (USDHDG) INC A","CQTM":"Corgi Quantum Computing ETF","LU2097344431.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) INC","LU2404859741.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) INC","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","FBX":"Corgi META 2x Daily ETF","LU2404859667.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) ACC","LU0070217475.USD":"JPM GLOBAL SELECT EQUITY \"A\" ACC","BK4549":"软银资本持仓","LU2097344357.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) ACC","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0690374961.EUR":"FUNDSMITH EQUITY \"R\" (EUR) INC","FBY":"META期权收益策略ETF-YieldMax","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","BK4548":"巴美列捷福持仓","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","LU0690374615.EUR":"FUNDSMITH EQUITY \"R\" (EUR) ACC","FBYY":"GraniteShares YieldBOOST META ETF","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","SG9999001077.SGD":"United International Growth Fund SGD","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","WISE":"THEMES GENERATIVE ARTIFICIAL INTELLIGENCE ETF","NVD2.UK":"2X NVIDIA ETP","BK4554":"元宇宙及AR概念","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","NVD3.UK":"LS 3X NVIDIA","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","NVIW.SI":"NVDA 3xLongSG261006","NVDS.UK":"LS -1X NVIDIA","BK4585":"ETF&股票定投概念","LU1821325948.USD":"NINETY ONE GSF GLOBAL MACRO ALLOCATION \"A\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","TTEQ":"T. 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as well as OpenAI and Anthropic, which have IPOs on deck. \n\n\n     On Sept. 3, OpenAI shipped GPT-6 Astra and called it the world's most intelligent and aligned model. It can run your computer for hours, tops the benchmark charts and, according to OpenAI, is the first model it has broadly deployed that can find previously unknown security flaws without a human-guided system to fix them. \n\n\n     With an IPO looming, that's a roadshow slide and an industry warning in the same press release. \n\n\n     You don't have to take my word for it. On Tuesday, Jacob Coxon, a 27-year-old researcher who spent three years doing pretraining work at OpenAI and then Anthropic, quit his job. \n\n\n     \"Neither company is acting responsibly,\" he said in a post that garnered more than 100 million views and made national headlines. \"They are racing straight to self-improving superintelligence and gambling with our lives.\" He told the Wall Street Journal that he isn't going to a competitor - he's leaving the industry. \n\n\n     Coxon isn't the first to say this, and wasn't the last. The next morning, Samuel Marks, a safety researcher still at Anthropic, praised Coxon and added: \"AI developers believe their technology could cause human extinction (or similarly bad outcomes). This could happen in the next few years. In general, the more senior the employee, the more concerned they are.\" \n\n\n     Why? \"Commercial incentives,\" Marks wrote. \n\n\n     Anthropic and OpenAI didn't respond to MarketWatch's requests for comment. \n\n\n     Marks's argument is that, unlike normal software, AI can't be programmed to behave. In fact, it \"frequently severely\" doesn't. One example (mine, not his): the Hugging Face incident, in which rogue Open AI-tested agents escaped their isolated containment in an attempt to launch a cyberattack. Or when autonomous agents made more that 15,000 edits to a German programming wiki between May and July. In both cases, the AI agents conspired to avoid detection and tried workarounds when they ran into security barriers or, in the German wiki case, when a human tried deleting the AI-written pages. \n\n\n     These are just a few of the ones we know about. And it's true that nobody died. No one even lost money (save for whatever it cost to unwind the damage). But that's also the problem: All of these AI-agent gizmos require babysitting by a human. And technology doesn't rust or sleep. The human is outgunned. \n\n\n     The returns from investing in AI \n\n\n     None of this is an argument that AI stocks are a bad investment. Nvidia (NVDA), Microsoft (MSFT) and Google have the returns that offer the last word. Waymo is doing 500,000 paid rides a week - great for the business, bad for the human driver. \n\n\n     Opinion: Nvidia is getting too big, and that's a problem \n\n\n     Waymo is just a hint of what could be coming, though. Make no mistake, most companies are still trying to get AI to work. For the past year, I've tracked AI adoption across 134 companies in 15 industries. And the clearest takeaway is that most of them don't have much to show for it. Agents fail, or can't be trusted, or cost more than the people they were supposed to replace. Sure, there are outliers - Visa (V), Salesforce (CRM), ServiceNow (NOW) - but most of corporate America is AI-challenged. \n\n\n     It's true that AI has taken jobs, but most layoffs have been a redeployment of capital from labor to computing power - spending on AI in the hope of replacing labor. Oracle (ORCL) cut roughly 21,000 jobs, or 13% of its workforce, and cited \"the expanded use of AI across\" its business. Maybe Oracle is truly replacing workers, but in most cases, workers aren't being replaced by machines - they're being replaced to pay for the machines. \n\n\n     That leaves two outcomes. The first is that AI doesn't work; that would be embarrassing and a pretty bad result for the economy. The second is worse: It works, real replacement will happen and that could mean AI going rogue and ending humanity - and the people building it are right. \n\n\n     A longtime, hall-of-fame tech business leader made the case. Even in the best case, the AI transition will be one of the most turbulent periods in human history, and nobody is preparing for it. First, it's entry-level jobs in law, customer service, software and manufacturing. Then, it's robots in construction and hospitality. \n\n\n     That's from Bill Gates. Think what you want of him, but the observation seems reasonable. \n\n\n     A study from workplace AI company Glean tells us what job will survive: \"the botsitter.\" Glean's AI Work Index found workers spending more than six hours a week botsitting: feeding the AI context, checking the work, cleaning up its confident mistakes. It's already happening. \n\n\n     Investors' dilemma \n\n\n     Soul-killing jobs overseeing AI agents might be the best-case scenario of all this: AI just becomes another disruptive technology, like railroads or the internet, and we humans figure out a way. \n\n\n     A technology that brings an extinction event? That's more than just locomotives ruining the stagecoach industry. \n\n\n     And the plan? Marks was candid about that too, saying there's no method to reliably make these systems behave. \"Insofar as there is a plan,\" he wrote, \"it's to make sure that AIs are good enough at alignment training that they can align their successors.\"  I think what he's saying is the fix for the product that might kill you is a later version of the product - like adding a safety measure to a gun after it's blown your brains out. \n\n\n     If you're like me, you've always been skeptical of these AI doomers. But why are so many high-level people walking away from the industry, and its off-the-charts compensation, to warn us that competitive pressure is leading to technology immune to human intervention that can kill us? \n\n\n     Robotaxis? Waymo? I'd rather invest in a taxi with a human cabbie. \n\n\n     Opinion: Apple possessed the ultimate stock-market superpower under Tim Cook. Can its new CEO step up? \n\n\n     -David Weidner","news_type":1,"symbols_score_info":{"XLK":0.6,"TRUC":0.6,"SNPE":0.6,"2NVD.UK":0.6,"NVDS":0.6,"LFGY":0.6,"ESUM":0.6,"CNEQ":0.6,"SOXX":0.6,"NVDW":0.6,"META":1.87,"USD":0.6,"EFIV":0.6,"FTEC":0.6,"ANV":0.6,"GOOL":0.6,"FBX":0.6,"FAI":0.6,"GOU":0.6,"NVD2.UK":0.6,"SMH":0.6,"NVDL":0.6,"METU":0.6,"NVYY":0.6,"SOXQ":0.6,"XDAT":0.6,"07388":0.6,"THMR":0.6,"METD":0.6,"NVD":0.6,"IXN":0.6,"NVDG":0.6,"NVDD":0.6,"ILDR":0.6,"FBYY":0.6,"SMETAmain":0.6,"FBL":0.6,"ROM":0.6,"CMAG":0.6,"SKYY":0.6,"FBY":0.6,"LTL":0.6,"VT":0.6,"NVC":0.6,"3NVD.UK":0.6,"IETC":0.6,"07788":0.6,"AIFD":0.6,"FDTX":0.6,"NVDY":0.6,"NVII":0.6,"SOXY":0.6,"GAMR":0.6,"XLC":0.6,"CLSE":0.6,"09388":0.6,"NVDA":1.85,"CHPX":0.6,"TEK":0.6,"ABFL":0.6,"VGT":0.76,"TTXU":0.6,"NVDB":0.6,"SNVDAmain":0.6,"METV":0.6,"VOX":0.6,"GOGL":0.6,"GOOGL":1.9,"NVIW.SI":0.6,"09788":0.6,"USXF":0.6,"TRFK":0.6,"METW":0.6,"SMHX":0.6,"NULC":0.6,"NVDX":0.6,"GOOP":0.6,"GOOY":0.6,"SOCL":0.6,"AGOX":0.6,"NVDO":0.6,"NVDQ":0.6,"JGRO":0.6,"SNVD.UK":0.6,"GOOX":0.6,"TYLG":0.6,"NVD3.UK":0.6,"NVDS.UK":0.6,"WISE":0.6,"GGLS":0.6,"SPTE":0.6,"OGIG":0.6,"NVDU":0.6,"GGLL":0.6,"GOOW":0.6,"ESLG":0.6,"RSPC":0.6,"METQ":0.6,"AIPI":0.6,"METG":0.6,"DIPS":0.6,"FCOM":0.6,"CQTM":0.6,"TTEQ":0.6,"SHOC":0.6,"GXPC":0.6}},"isVote":1,"tweetType":1,"viewCount":14,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":606587213075792,"gmtCreate":1789111559251,"gmtModify":1789111562011,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4170531311945842","authorIdStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/606587213075792","repostId":"1107235578","repostType":2,"repost":{"id":"1107235578","kind":"news","weMediaInfo":{"introduction":"Global Stock News First-Time Broadcast","home_visible":1,"media_name":"Stock News","id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"pubTimestamp":1789110742,"share":"https://ttm.financial/m/news/1107235578?lang=en_US&edition=fundamental","pubTime":"2026-09-11 15:12","market":"us","language":"en","title":"JPMorgan Turns Bullish on Meta, Sets $820 Price Target on Frontier AI Models and Agent Potential","url":"https://stock-news.laohu8.com/highlight/detail?id=1107235578","media":"Stock News","summary":"Meta Platforms shares have dipped roughly 1% year-to-date, trailing the S&P 500's 12% gain over the same span. Despite that underperformance, the stock has already rebounded about 20% from its recent...","content":"<html><head></head><body><p>Meta Platforms shares have dipped roughly 1% year-to-date, trailing the S&amp;P 500&#39;s 12% gain over the same span. Despite that underperformance, the stock has already rebounded about 20% from its recent trough, while the broader index has slipped 1% during that stretch.<br/><br/>JPMorgan has issued a research note arguing that <b>Meta Platforms (META.US)</b> still has substantial upside ahead, as the company sits in the early innings of launching frontier models and AI-driven products beyond its core advertising business. The bank is particularly focused on the Muse AI agent and access to the Meta Model API as key catalysts.<br/><br/>Where the opportunity lies<br/><br/>The bank has lifted its rating on Meta from Neutral to Overweight, while raising its December 2027 price target from $640 to $820, implying roughly 30% additional upside through the end of next year. JPMorgan believes frontier models will serve as the backbone of Meta&#39;s product and monetization pipeline over the coming years, charting a course toward superintelligence.<br/><br/>When Meta began rebuilding its Superintelligence Labs unit in the summer of 2025, the stated goal was to deliver frontier-level models within a year. JPMorgan assesses that the team has largely hit that target, and the cadence of model releases is accelerating — from Muse Spark 1.1 in July to the more recent Muse Spark 1.3, which now holds its own against Claude and GPT-class models. The bank anticipates the next-generation model, codenamed Watermelon, will unlock fresh opportunities across consumer products, business intelligence, Family of Apps engagement, advertising, and internal operational efficiency.<br/><br/>Why distribution scale matters<br/><br/>JPMorgan has long argued that Meta is exceptionally well positioned to deliver consumer-driven AI products to an audience of roughly 4 billion users, with massive distribution capabilities serving as a formidable competitive edge. The Muse AI agent is already demonstrating strong early traction, briefly climbing to No. 3 on the U.S. App Store just one day after launch, with early usage reaching ten times the size of the training cohort. While monetization is not an immediate priority for Muse, JPMorgan sees meaningful opportunities in both take-rate and subscription models, with the potential total addressable market reaching tens of trillions of dollars.<br/><br/>A key differentiator for Muse is its privacy-first architecture, which JPMorgan views as a genuine advantage. The bank suggests this could become a critical hurdle for competing agents seeking to earn user trust when handling sensitive tasks involving passwords, credit cards, and other personal data. Over time, the bank expects agent-to-agent interactions to become more commonplace, granting merchants and enterprises smarter capabilities and higher transaction volumes.<br/><br/>Beyond the consumer-facing agent, JPMorgan also sees considerable potential in the Meta Model API service aimed at developers and businesses. As Meta&#39;s model capabilities advance from Muse Spark 1.3 to Watermelon and beyond, the bank believes the API offering will grow increasingly compelling, supported by aggressive pricing, driving further adoption and usage expansion.<br/><br/>Capital spending and the long-term picture<br/><br/>Although Meta is heavily focused on frontier model development and AI product innovation, JPMorgan stresses that its AI infrastructure capacity carries substantial standalone value and will underpin future compute demand. Meta has indicated it intends to maximize compute utilization through 2026 and 2027, while retaining greater flexibility from 2028 onward. JPMorgan projects Meta&#39;s capital expenditures will reach $243 billion in 2027, up 70% year over year, followed by $284 billion in 2028, a 17% increase — both figures running well ahead of consensus estimates.<br/><br/>The bank points to data center construction timelines and associated headwinds, AI product adoption rates and monetization progress, and supply constraints as the key variables that could influence 2028 capex. JPMorgan currently expects Meta to face meaningful free cash flow pressure in 2027 and 2028, with negative FCF running in the range of $65 billion to $70 billion annually. Notably, however, the bank has not yet incorporated revenue from new AI product commercialization into its forecasts.<br/><br/>The core advertising engine<br/><br/>What remains critical, in JPMorgan&#39;s view, is that Meta&#39;s core advertising business still has massive room to grow, driven by AI-enhanced content recommendations, deeper user engagement, sharper ad targeting and retrieval, and AI-assisted content creation. The bank believes Meta&#39;s scale distribution and engagement continue to reinforce powerful network effects, while its precision targeting delivers exceptional value to advertisers. Improvements in AI-driven ad ranking and recommendation capabilities are already translating into higher engagement, stronger return on ad spend, and increased revenue.<br/><br/>JPMorgan concludes that Meta has laid out a credible path to monetize its AI-driven capital expenditures through consumer-facing and enterprise agents, as well as the Model API offering.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Turns Bullish on Meta, Sets $820 Price Target on Frontier AI Models and Agent Potential</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Turns Bullish on Meta, Sets $820 Price Target on Frontier AI Models and Agent Potential\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-09-11 15:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Meta Platforms shares have dipped roughly 1% year-to-date, trailing the S&amp;P 500&#39;s 12% gain over the same span. Despite that underperformance, the stock has already rebounded about 20% from its recent trough, while the broader index has slipped 1% during that stretch.<br/><br/>JPMorgan has issued a research note arguing that <b>Meta Platforms (META.US)</b> still has substantial upside ahead, as the company sits in the early innings of launching frontier models and AI-driven products beyond its core advertising business. The bank is particularly focused on the Muse AI agent and access to the Meta Model API as key catalysts.<br/><br/>Where the opportunity lies<br/><br/>The bank has lifted its rating on Meta from Neutral to Overweight, while raising its December 2027 price target from $640 to $820, implying roughly 30% additional upside through the end of next year. JPMorgan believes frontier models will serve as the backbone of Meta&#39;s product and monetization pipeline over the coming years, charting a course toward superintelligence.<br/><br/>When Meta began rebuilding its Superintelligence Labs unit in the summer of 2025, the stated goal was to deliver frontier-level models within a year. JPMorgan assesses that the team has largely hit that target, and the cadence of model releases is accelerating — from Muse Spark 1.1 in July to the more recent Muse Spark 1.3, which now holds its own against Claude and GPT-class models. The bank anticipates the next-generation model, codenamed Watermelon, will unlock fresh opportunities across consumer products, business intelligence, Family of Apps engagement, advertising, and internal operational efficiency.<br/><br/>Why distribution scale matters<br/><br/>JPMorgan has long argued that Meta is exceptionally well positioned to deliver consumer-driven AI products to an audience of roughly 4 billion users, with massive distribution capabilities serving as a formidable competitive edge. The Muse AI agent is already demonstrating strong early traction, briefly climbing to No. 3 on the U.S. App Store just one day after launch, with early usage reaching ten times the size of the training cohort. While monetization is not an immediate priority for Muse, JPMorgan sees meaningful opportunities in both take-rate and subscription models, with the potential total addressable market reaching tens of trillions of dollars.<br/><br/>A key differentiator for Muse is its privacy-first architecture, which JPMorgan views as a genuine advantage. The bank suggests this could become a critical hurdle for competing agents seeking to earn user trust when handling sensitive tasks involving passwords, credit cards, and other personal data. Over time, the bank expects agent-to-agent interactions to become more commonplace, granting merchants and enterprises smarter capabilities and higher transaction volumes.<br/><br/>Beyond the consumer-facing agent, JPMorgan also sees considerable potential in the Meta Model API service aimed at developers and businesses. As Meta&#39;s model capabilities advance from Muse Spark 1.3 to Watermelon and beyond, the bank believes the API offering will grow increasingly compelling, supported by aggressive pricing, driving further adoption and usage expansion.<br/><br/>Capital spending and the long-term picture<br/><br/>Although Meta is heavily focused on frontier model development and AI product innovation, JPMorgan stresses that its AI infrastructure capacity carries substantial standalone value and will underpin future compute demand. Meta has indicated it intends to maximize compute utilization through 2026 and 2027, while retaining greater flexibility from 2028 onward. JPMorgan projects Meta&#39;s capital expenditures will reach $243 billion in 2027, up 70% year over year, followed by $284 billion in 2028, a 17% increase — both figures running well ahead of consensus estimates.<br/><br/>The bank points to data center construction timelines and associated headwinds, AI product adoption rates and monetization progress, and supply constraints as the key variables that could influence 2028 capex. JPMorgan currently expects Meta to face meaningful free cash flow pressure in 2027 and 2028, with negative FCF running in the range of $65 billion to $70 billion annually. Notably, however, the bank has not yet incorporated revenue from new AI product commercialization into its forecasts.<br/><br/>The core advertising engine<br/><br/>What remains critical, in JPMorgan&#39;s view, is that Meta&#39;s core advertising business still has massive room to grow, driven by AI-enhanced content recommendations, deeper user engagement, sharper ad targeting and retrieval, and AI-assisted content creation. The bank believes Meta&#39;s scale distribution and engagement continue to reinforce powerful network effects, while its precision targeting delivers exceptional value to advertisers. Improvements in AI-driven ad ranking and recommendation capabilities are already translating into higher engagement, stronger return on ad spend, and increased revenue.<br/><br/>JPMorgan concludes that Meta has laid out a credible path to monetize its AI-driven capital expenditures through consumer-facing and enterprise agents, as well as the Model API offering.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107235578","content_text":"Meta Platforms shares have dipped roughly 1% year-to-date, trailing the S&P 500's 12% gain over the same span. Despite that underperformance, the stock has already rebounded about 20% from its recent trough, while the broader index has slipped 1% during that stretch.JPMorgan has issued a research note arguing that Meta Platforms (META.US) still has substantial upside ahead, as the company sits in the early innings of launching frontier models and AI-driven products beyond its core advertising business. The bank is particularly focused on the Muse AI agent and access to the Meta Model API as key catalysts.Where the opportunity liesThe bank has lifted its rating on Meta from Neutral to Overweight, while raising its December 2027 price target from $640 to $820, implying roughly 30% additional upside through the end of next year. JPMorgan believes frontier models will serve as the backbone of Meta's product and monetization pipeline over the coming years, charting a course toward superintelligence.When Meta began rebuilding its Superintelligence Labs unit in the summer of 2025, the stated goal was to deliver frontier-level models within a year. JPMorgan assesses that the team has largely hit that target, and the cadence of model releases is accelerating — from Muse Spark 1.1 in July to the more recent Muse Spark 1.3, which now holds its own against Claude and GPT-class models. The bank anticipates the next-generation model, codenamed Watermelon, will unlock fresh opportunities across consumer products, business intelligence, Family of Apps engagement, advertising, and internal operational efficiency.Why distribution scale mattersJPMorgan has long argued that Meta is exceptionally well positioned to deliver consumer-driven AI products to an audience of roughly 4 billion users, with massive distribution capabilities serving as a formidable competitive edge. The Muse AI agent is already demonstrating strong early traction, briefly climbing to No. 3 on the U.S. App Store just one day after launch, with early usage reaching ten times the size of the training cohort. While monetization is not an immediate priority for Muse, JPMorgan sees meaningful opportunities in both take-rate and subscription models, with the potential total addressable market reaching tens of trillions of dollars.A key differentiator for Muse is its privacy-first architecture, which JPMorgan views as a genuine advantage. The bank suggests this could become a critical hurdle for competing agents seeking to earn user trust when handling sensitive tasks involving passwords, credit cards, and other personal data. Over time, the bank expects agent-to-agent interactions to become more commonplace, granting merchants and enterprises smarter capabilities and higher transaction volumes.Beyond the consumer-facing agent, JPMorgan also sees considerable potential in the Meta Model API service aimed at developers and businesses. As Meta's model capabilities advance from Muse Spark 1.3 to Watermelon and beyond, the bank believes the API offering will grow increasingly compelling, supported by aggressive pricing, driving further adoption and usage expansion.Capital spending and the long-term pictureAlthough Meta is heavily focused on frontier model development and AI product innovation, JPMorgan stresses that its AI infrastructure capacity carries substantial standalone value and will underpin future compute demand. Meta has indicated it intends to maximize compute utilization through 2026 and 2027, while retaining greater flexibility from 2028 onward. JPMorgan projects Meta's capital expenditures will reach $243 billion in 2027, up 70% year over year, followed by $284 billion in 2028, a 17% increase — both figures running well ahead of consensus estimates.The bank points to data center construction timelines and associated headwinds, AI product adoption rates and monetization progress, and supply constraints as the key variables that could influence 2028 capex. JPMorgan currently expects Meta to face meaningful free cash flow pressure in 2027 and 2028, with negative FCF running in the range of $65 billion to $70 billion annually. Notably, however, the bank has not yet incorporated revenue from new AI product commercialization into its forecasts.The core advertising engineWhat remains critical, in JPMorgan's view, is that Meta's core advertising business still has massive room to grow, driven by AI-enhanced content recommendations, deeper user engagement, sharper ad targeting and retrieval, and AI-assisted content creation. The bank believes Meta's scale distribution and engagement continue to reinforce powerful network effects, while its precision targeting delivers exceptional value to advertisers. Improvements in AI-driven ad ranking and recommendation capabilities are already translating into higher engagement, stronger return on ad spend, and increased revenue.JPMorgan concludes that Meta has laid out a credible path to monetize its AI-driven capital expenditures through consumer-facing and enterprise agents, as well as the Model API offering.","news_type":1,"symbols_score_info":{"META":1}},"isVote":1,"tweetType":1,"viewCount":7,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":445542671057008,"gmtCreate":1749797342356,"gmtModify":1749797344047,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4170531311945842","authorIdStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/445542671057008","repostId":"445120653000832","repostType":1,"repost":{"id":445120653000832,"gmtCreate":1749696861790,"gmtModify":1749721465867,"author":{"id":"4171900329979952","authorId":"4171900329979952","name":"Barcode","avatar":"https://community-static.tradeup.com/news/6688d8fb4c2a255e3b901e79755e56df","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4171900329979952","authorIdStr":"4171900329979952"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a> ⚠️ Heavy put flow, RSI scraping the floor, and compression beneath the 200-day moving average. Is Apple about to snap back harder than the market expects? 🍏📉🤖 Apple’s Strategic Silence: Unpacking $AAPL’s Coiled Potential in a Noisy Market 🤖📉🍏 I’ve been diving deep into Apple’s current setup, and what strikes me isn’t the surface-level pressure on the stock, it’s the quiet tension beneath it. The price is hovering at $199.10 as of 12Jun25, 🇳🇿NZST, and while the market’s buzzing with bearish chatter, I see something different: a stock coiling, not crumbling. This isn’t about gut feelings or hype, it’s about the data, the patterns, and the broader forces at play. Let me walk you through what I’m seeing, blending technical precision, mac","listText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a> ⚠️ Heavy put flow, RSI scraping the floor, and compression beneath the 200-day moving average. Is Apple about to snap back harder than the market expects? 🍏📉🤖 Apple’s Strategic Silence: Unpacking $AAPL’s Coiled Potential in a Noisy Market 🤖📉🍏 I’ve been diving deep into Apple’s current setup, and what strikes me isn’t the surface-level pressure on the stock, it’s the quiet tension beneath it. The price is hovering at $199.10 as of 12Jun25, 🇳🇿NZST, and while the market’s buzzing with bearish chatter, I see something different: a stock coiling, not crumbling. This isn’t about gut feelings or hype, it’s about the data, the patterns, and the broader forces at play. Let me walk you through what I’m seeing, blending technical precision, mac","text":"$Apple(AAPL)$ ⚠️ Heavy put flow, RSI scraping the floor, and compression beneath the 200-day moving average. Is Apple about to snap back harder than the market expects? 🍏📉🤖 Apple’s Strategic Silence: Unpacking $AAPL’s Coiled Potential in a Noisy Market 🤖📉🍏 I’ve been diving deep into Apple’s current setup, and what strikes me isn’t the surface-level pressure on the stock, it’s the quiet tension beneath it. The price is hovering at $199.10 as of 12Jun25, 🇳🇿NZST, and while the market’s buzzing with bearish chatter, I see something different: a stock coiling, not crumbling. This isn’t about gut feelings or hype, it’s about the data, the patterns, and the broader forces at play. Let me walk you through what I’m seeing, blending technical precision, mac","images":[{"img":"https://community-static.tradeup.com/news/ab8df101c2192701eb58f81ac72662f4","width":"1118","height":"498"},{"img":"https://community-static.tradeup.com/news/7819c2b44f626c211ea946bed60ab6a2","width":"660","height":"429"},{"img":"https://community-static.tradeup.com/news/2ba40645a403a73fe47c3ec531b8a16e","width":"1116","height":"1099"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/445120653000832","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":603458403706048,"gmtCreate":1788365700718,"gmtModify":1788365702061,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4170531311945842","authorIdStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/603458403706048","repostId":"2664810712","repostType":2,"repost":{"id":"2664810712","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1788360960,"share":"https://ttm.financial/m/news/2664810712?lang=en_US&edition=fundamental","pubTime":"2026-09-02 22:56","market":"nz","language":"en","title":"Bloom Energy and 7 More Stocks That Could Join the S&P 500 This Month","url":"https://stock-news.laohu8.com/highlight/detail?id=2664810712","media":"Dow Jones","summary":"Bloom Energy Corp., Astera Labs, Cheniere Energy and Everpure top a list of companies that could be added to the S&P 500 as part of the index's quarterly rebalancing that will occur later this month.A","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Bloom Energy Corp., Astera Labs, Cheniere Energy and Everpure top a list of companies that could be added to the S&amp;P 500 as part of the index's quarterly rebalancing that will occur later this month. \n</p>\n<p>\n     Any changes to the benchmark index likely will be announced Friday after the close of trading, and the changes likely will go into effect around the time of the rebalancing on Sept. 21. \n</p>\n<p>\n     Each quarter, S&amp;P Dow Jones Indices, which oversees the S&amp;P 500, rebalances the index-along with the S&amp;P MidCap 400 and S&amp;P SmallCap 600)-to reflect changes in component share counts and other factors. \n</p>\n<p>\n     Index changes often take place in conjunction with the rebalancing. In June, for instance, Marvell Technology and Flex were added to the S&amp;P 500. \n</p>\n<p>\n     Companies are eager for admission into the S&amp;P 500 because of the prestige and the bump in their stock price that often comes when the news is announced. Index buying also can boost shares of newly admitted companies-an estimated 30% or more of the S&amp;P 500 is held by index funds. \n</p>\n<p>\n     Bloom, Astera, Cheniere, and Everpure are among the largest companies by market value that aren't included in the S&amp;P 500 index. Stephens analyst Melissa Roberts recently identified them as top candidates for admission into the benchmark index. \n</p>\n<p>\n     Companies with large market values generally get added to the S&amp;P 500, assuming they meet the index's profitability targets of GAAP (generally accepted accounting principles) profits in the most recent quarter and cumulative positive GAAP earnings over the past year. \n</p>\n<p>\n     In a client note, Roberts wrote that she sees two or three changes in the index to be announced along with the rebalancing. \n</p>\n<p>\n     Bloom and Cheniere are the largest companies by market value that are eligible for inclusion in the index, with market values of about $60 billion-well above the current minimum of $22.7 billion. \n</p>\n<p>\n     Cheniere has been eligible for some time. It could finally get added given the strength in the energy sector this year, and because no energy stocks have been added to the index since 2022. \n</p>\n<p>\n     Other possible additions are Credo Technology Group, Heico, Rocket Cos., and Royalty Pharma, Roberts noted. \n</p>\n<p>\n     One company that won't be added, however, is <a href=\"https://laohu8.com/S/SPCX\">SpaceX</a>., which went public in June. S&amp;P Dow Jones Indices didn't relax its requirement that companies have be public for 12 months before being considered for S&amp;P 500 inclusion. The Nasdaq eased its rules that allowed SpaceX to be included in the Nasdaq 100 index in July. \n</p>\n<p>\n     S&amp;P Dow Jones Indices generally drops companies from the S&amp;P 500 that have the lowest market values to make room for new members. \n</p>\n<p>\n     Trade Desk, <a href=\"https://laohu8.com/S/BLDR\">Builders FirstSource</a>, Norwegian Cruise Line Holdings, Molson Coors, and Mosaic recently had the five lowest market values in the index at under $8 billion. There are only about 10 companies left in the index with market caps under $10 billion. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bloom Energy and 7 More Stocks That Could Join the S&P 500 This Month</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBloom Energy and 7 More Stocks That Could Join the S&P 500 This Month\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-09-02 22:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Bloom Energy Corp., Astera Labs, Cheniere Energy and Everpure top a list of companies that could be added to the S&amp;P 500 as part of the index's quarterly rebalancing that will occur later this month. \n</p>\n<p>\n     Any changes to the benchmark index likely will be announced Friday after the close of trading, and the changes likely will go into effect around the time of the rebalancing on Sept. 21. \n</p>\n<p>\n     Each quarter, S&amp;P Dow Jones Indices, which oversees the S&amp;P 500, rebalances the index-along with the S&amp;P MidCap 400 and S&amp;P SmallCap 600)-to reflect changes in component share counts and other factors. \n</p>\n<p>\n     Index changes often take place in conjunction with the rebalancing. In June, for instance, Marvell Technology and Flex were added to the S&amp;P 500. \n</p>\n<p>\n     Companies are eager for admission into the S&amp;P 500 because of the prestige and the bump in their stock price that often comes when the news is announced. Index buying also can boost shares of newly admitted companies-an estimated 30% or more of the S&amp;P 500 is held by index funds. \n</p>\n<p>\n     Bloom, Astera, Cheniere, and Everpure are among the largest companies by market value that aren't included in the S&amp;P 500 index. Stephens analyst Melissa Roberts recently identified them as top candidates for admission into the benchmark index. \n</p>\n<p>\n     Companies with large market values generally get added to the S&amp;P 500, assuming they meet the index's profitability targets of GAAP (generally accepted accounting principles) profits in the most recent quarter and cumulative positive GAAP earnings over the past year. \n</p>\n<p>\n     In a client note, Roberts wrote that she sees two or three changes in the index to be announced along with the rebalancing. \n</p>\n<p>\n     Bloom and Cheniere are the largest companies by market value that are eligible for inclusion in the index, with market values of about $60 billion-well above the current minimum of $22.7 billion. \n</p>\n<p>\n     Cheniere has been eligible for some time. It could finally get added given the strength in the energy sector this year, and because no energy stocks have been added to the index since 2022. \n</p>\n<p>\n     Other possible additions are Credo Technology Group, Heico, Rocket Cos., and Royalty Pharma, Roberts noted. \n</p>\n<p>\n     One company that won't be added, however, is <a href=\"https://laohu8.com/S/SPCX\">SpaceX</a>., which went public in June. S&amp;P Dow Jones Indices didn't relax its requirement that companies have be public for 12 months before being considered for S&amp;P 500 inclusion. The Nasdaq eased its rules that allowed SpaceX to be included in the Nasdaq 100 index in July. \n</p>\n<p>\n     S&amp;P Dow Jones Indices generally drops companies from the S&amp;P 500 that have the lowest market values to make room for new members. \n</p>\n<p>\n     Trade Desk, <a href=\"https://laohu8.com/S/BLDR\">Builders FirstSource</a>, Norwegian Cruise Line Holdings, Molson Coors, and Mosaic recently had the five lowest market values in the index at under $8 billion. There are only about 10 companies left in the index with market caps under $10 billion. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPDF":"Defender Risk Adaptive 500 ETF","SSS":"Cyber Hornet S&P 500 and Solana 75/25 Strategy ETF","UXJL":"FT Vest U.S. Equity Uncapped Accelerator ETF - July","FLAO":"AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF","XPAY":"Roundhill S&P 500 Target 20 Managed Distribution ETF","VOOG":"Vanguard标普500成长ETF","SPYM":"投资组合标普500指数ETF-SPDR","XSPI":"NEOS Boosted S&P 500 High Income ETF","VOOX":"Corgi U.S. Large-Cap 2x Daily ETF","ISSXF":"IShares Core S&P  500 Index ETF","FEBT":"AllianzIM U.S. Equity Buffer10 Feb ETF","LNG":"Cheniere Energy","CGUS":"Capital Group Core Equity ETF","ALAB":"Astera Labs, Inc.","HJUN":"Corgi U.S. Equities 100% Structured Buffer ETF - June Series","HELO":"JPMorgan Hedged Equity Laddered Overlay ETF","GPIX":"GOLDMAN SACHS S&P 500 CORE PREMIUM INCOME ETF","BKLC":"BNY Mellon US Large Cap Core Equity ETF","HYDR":"Global X Hydrogen ETF","SPY":"标普500ETF",".SPX":"S&P 500 Index","ACLC":"AMERICAN CENTURY LARGE CAP EQUITY ETF","PTL":"Inspire 500 ETF","CFO":"VictoryShares US 500 Enhanced Volatility Wtd ETF","DSPY":"Tema S&P 500 Historical Weight ETF Strategy","GSUS":"Goldman Sachs MarketBeta U.S. Equity ETF","VYM":"红利股ETF-Vanguard","TOPC":"iShares S&P 500 3% Capped ETF","PTLC":"Pacer Trendpilot US Large Cap ETF","ABIG":"Argent Large Cap ETF","GBXB":"Goldman Sachs U.S. Large Cap Buffer 2 ETF","UOCT":"Innovator U.S. Equity Ultra Buffer ETF - October","XUSP":"Innovator Uncapped Accelerated U.S. Equity ETF","LGDX":"INTECH S&P LARGE CAP DIVERSIFIED ALPHA ETF","SCHG":"Schwab U.S. Large -Cap Growth ET","FELC":"FIDELITY ENHANCED LARGE CAP CORE ETF","CTEX":"ProShares S&P Kensho Cleantech ETF","LGH":"HCM Defender 500 Index ETF","PBJL":"PGIM S&P 500 Buffer 20 ETF - July","MRCP":"PGIM S&P 500 Buffer 12 ETF - March","FLCC":"Federated Hermes MDT Large Cap Core ETF","XXX":"Cyber Hornet S&P 500 and XRP 75/25 Strategy ETF","VOO":"Vanguard标普500ETF","UXAP":"FT Vest U.S. Equity Uncapped Accelerator ETF - April","VSL":"Volshares Large Cap ETF","VUG":"成长股指数ETF-Vanguard MSCI","OALC":"OneAscent Large Cap Core ETF","TSPA":"T. Rowe Price U.S. Equity Research ETF","CPST":"Calamos S&P 500 Structured Alt Protection ETF - September","UXJA":"FT Vest U.S. Equity Uncapped Accelerator ETF - January"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2664810712","content_text":"Bloom Energy Corp., Astera Labs, Cheniere Energy and Everpure top a list of companies that could be added to the S&P 500 as part of the index's quarterly rebalancing that will occur later this month. \n\n\n     Any changes to the benchmark index likely will be announced Friday after the close of trading, and the changes likely will go into effect around the time of the rebalancing on Sept. 21. \n\n\n     Each quarter, S&P Dow Jones Indices, which oversees the S&P 500, rebalances the index-along with the S&P MidCap 400 and S&P SmallCap 600)-to reflect changes in component share counts and other factors. \n\n\n     Index changes often take place in conjunction with the rebalancing. In June, for instance, Marvell Technology and Flex were added to the S&P 500. \n\n\n     Companies are eager for admission into the S&P 500 because of the prestige and the bump in their stock price that often comes when the news is announced. Index buying also can boost shares of newly admitted companies-an estimated 30% or more of the S&P 500 is held by index funds. \n\n\n     Bloom, Astera, Cheniere, and Everpure are among the largest companies by market value that aren't included in the S&P 500 index. Stephens analyst Melissa Roberts recently identified them as top candidates for admission into the benchmark index. \n\n\n     Companies with large market values generally get added to the S&P 500, assuming they meet the index's profitability targets of GAAP (generally accepted accounting principles) profits in the most recent quarter and cumulative positive GAAP earnings over the past year. \n\n\n     In a client note, Roberts wrote that she sees two or three changes in the index to be announced along with the rebalancing. \n\n\n     Bloom and Cheniere are the largest companies by market value that are eligible for inclusion in the index, with market values of about $60 billion-well above the current minimum of $22.7 billion. \n\n\n     Cheniere has been eligible for some time. It could finally get added given the strength in the energy sector this year, and because no energy stocks have been added to the index since 2022. \n\n\n     Other possible additions are Credo Technology Group, Heico, Rocket Cos., and Royalty Pharma, Roberts noted. \n\n\n     One company that won't be added, however, is SpaceX., which went public in June. S&P Dow Jones Indices didn't relax its requirement that companies have be public for 12 months before being considered for S&P 500 inclusion. The Nasdaq eased its rules that allowed SpaceX to be included in the Nasdaq 100 index in July. \n\n\n     S&P Dow Jones Indices generally drops companies from the S&P 500 that have the lowest market values to make room for new members. \n\n\n     Trade Desk, Builders FirstSource, Norwegian Cruise Line Holdings, Molson Coors, and Mosaic recently had the five lowest market values in the index at under $8 billion. There are only about 10 companies left in the index with market caps under $10 billion.","news_type":1,"symbols_score_info":{"HYDR":1.5,"XPAY":1.5,"GSUS":1.5,"UXJA":1.5,"VOOG":1.5,"ISSXF":1.5,"SPDF":1.5,"MRCP":1.5,"UOCT":1.5,".SPX":1.5,"FEBT":1.5,"HELO":1.5,"SPYM":1.5,"SPY":1.5,"CGUS":1.5,"GPIX":1.5,"ABIG":1.5,"VOO":1.5,"BKLC":1.5,"CTEX":1.5,"OALC":1.5,"UXJL":1.5,"GBXB":1.5,"TSPA":1.5,"FELC":1.5,"FLCC":1.5,"ACLC":1.5,"CPST":1.5,"FLAO":1.5,"UXAP":1.5,"VYM":1.5,"PTL":1.5,"CFO":1.5,"LGH":1.5,"XXX":1.5,"PTLC":1.5,"PBJL":1.5,"XSPI":1.5,"XUSP":1.5,"VSL":1.5,"VOOX":1.5,"VUG":1.5,"ALAB":0.9,"LGDX":1.5,"DSPY":1.5,"HJUN":1.5,"SCHG":1.5,"SSS":1.5,"LNG":0.9,"TOPC":1.5}},"isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":579774377820400,"gmtCreate":1782576669080,"gmtModify":1782576671942,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4170531311945842","authorIdStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/579774377820400","repostId":"2646627395","repostType":2,"repost":{"id":"2646627395","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1782530400,"share":"https://ttm.financial/m/news/2646627395?lang=en_US&edition=fundamental","pubTime":"2026-06-27 11:20","market":"us","language":"en","title":"Nancy Pelosi, Bill Ackman Bet on The Same 4 Stocks – Some Might Surprise You","url":"https://stock-news.laohu8.com/highlight/detail?id=2646627395","media":"Benzinga Earnings","summary":"A look at the stocks owned by both Nancy Pelosi and Bill Ackman.","content":"<html><head></head><body><p style=\"text-align: start;\">Two of the most well-known figures whose trades are tracked by Wall Street are former Speaker of the House <strong>Nancy Pelosi </strong>(D-Calif.) and <strong>Pershing Square Capital Management </strong>CEO <strong>Bill Ackman</strong>. When it comes to stocks owned by the two figures, they have four in common, including three of the Magnificent 7 stocks.</p><p style=\"text-align: start;\">Here’s a look at the four stocks that appear both in Ackman’s hedge fund and in the stock portfolio of Pelosi, which is managed by her husband<strong>, Paul Pelosi.</strong></p><h2 id=\"id_3296727595\" style=\"text-align: start;\">The 4 Shared Stocks</h2><p style=\"text-align: start;\">The Benzinga Government Trades page for Pelosi shows four stocks disclosed by the congresswoman in the past five years that have not been sold, and are also owned by Ackman’s hedge fund, according to data from 13FInfo.</p><p style=\"text-align: start;\">Here are the four stocks owned by both Pelosi and Ackman:</p><p><strong>Uber Technologies</strong> (NYSE:UBER): Pelosi disclosed Uber as one of the two newest positions in her investment portfolio. Pelosi’s husband bought 200 call options of Uber with an expiration date of March 19, 2027, and a strike price of $50. The transaction was completed on May 29, 2026.</p><p style=\"text-align: start;\">Ackman disclosed owning 29,958,771 Uber shares at the end of the first quarter. The position is the third largest in the Pershing Square fund, which is tracked by <strong>Pershing Square USA </strong>(NYSE:PSUS), representing 16% of assets. Ackman cut the Uber position by around 1% in the first quarter.</p><p style=\"text-align: start;\"><strong>Alphabet Inc </strong>(NASDAQ:GOOG) (NASDAQ:GOOGL): Pelosi disclosed buying 50 call options of Alphabet Class A stock (GOOGL) on Jan. 14, 2025. The options were exercised earlier this year for 5,000 shares. The congresswoman also disclosed selling Alphabet Class A shares several times in 2022, reporting transactions valued at millions of dollars. Pelosi exercised Alphabet options back in 2022 and 2021, which means the congresswoman could own some common shares in the portfolio that were not sold alongside the current active call options.</p><p>Ackman disclosed owning 311,726 GOOG shares and 32,376 GOOGL shares in the Pershing Square fund at the end of the first quarter. Both positions were cut by 95% in the first quarter. Alphabet Class C shares were the ninth-largest position at 0.7% of assets in the quarter, with Class A shares the 11th-largest position at 0.1% of assets.</p><p style=\"text-align: start;\"><strong>Amazon.com Inc </strong>(NASDAQ:AMZN): Pelosi disclosed buying 50 call options of Amazon.com on Jan. 14, 2025. Those options were exercised in January 2026 for 5,000 shares. Pelosi also previously disclosed buying 20 call options in Amazon back in December 2025. Those options have a strike price of $120 and an expiration date of Jan. 15, 2027.</p><p style=\"text-align: start;\">Ackman disclosed owning 11,451,981 Amazon shares in the first quarter, representing 17% of the Pershing Square Capital Management portfolio and the second largest position. The e-commerce giant was a new purchase by Pershing Square in 2025 and Ackman has been adding to the position in recent quarters, with a 19% increase in the share count in the first quarter.</p><p><strong>Microsoft Corp </strong>(NASDAQ:MSFT): Pelosi last traded Microsoft stock with a sale of 5,000 shares in July 2024. Before that, she disclosed exercising 50 call options for 5,000 shares in June 2023. Those transactions may have cancelled each other out, but Pelosi also exercised options for 25,000 shares back in 2021, likely giving her a large MSFT share position today.</p><p style=\"text-align: start;\">Ackman announced Microsoft as a new purchase in the first quarter, when Pershing Square added 5,654,078 MSFT shares, worth around $2.09 billion at the end of March. The stock was around 15% of the company’s assets. Investors will be monitoring to see if Ackman increases his Microsoft position going forward.</p><h2 id=\"id_2760836920\" style=\"text-align: start;\">Different Investing Styles</h2><p style=\"text-align: start;\">Pelosi’s husband has a history of buying call options that are in the money and have expiration dates of a year from the purchase date. He later exercised the options into common stock.</p><p style=\"text-align: start;\">Investments are often made in the technology sector, favoring large-cap names.</p><p style=\"text-align: start;\">Ackman is a value and activist investor, known for taking large stakes in companies with dominant positions in their sectors and for pushing for changes to unlock shareholder value.</p><p style=\"text-align: start;\">Three of the four stocks Pelosi and Ackman have in common are members of the Magnificent 7 and among the most valuable companies in the world.</p><p style=\"text-align: start;\">A recent purchase of Uber call options by Pelosi gives the two investors four stocks in common now and a new position outside the Magnificent Seven stocks.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nancy Pelosi, Bill Ackman Bet on The Same 4 Stocks – Some Might Surprise You</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNancy Pelosi, Bill Ackman Bet on The Same 4 Stocks – Some Might Surprise You\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time\">2026-06-27 11:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Two of the most well-known figures whose trades are tracked by Wall Street are former Speaker of the House <strong>Nancy Pelosi </strong>(D-Calif.) and <strong>Pershing Square Capital Management </strong>CEO <strong>Bill Ackman</strong>. When it comes to stocks owned by the two figures, they have four in common, including three of the Magnificent 7 stocks.</p><p style=\"text-align: start;\">Here’s a look at the four stocks that appear both in Ackman’s hedge fund and in the stock portfolio of Pelosi, which is managed by her husband<strong>, Paul Pelosi.</strong></p><h2 id=\"id_3296727595\" style=\"text-align: start;\">The 4 Shared Stocks</h2><p style=\"text-align: start;\">The Benzinga Government Trades page for Pelosi shows four stocks disclosed by the congresswoman in the past five years that have not been sold, and are also owned by Ackman’s hedge fund, according to data from 13FInfo.</p><p style=\"text-align: start;\">Here are the four stocks owned by both Pelosi and Ackman:</p><p><strong>Uber Technologies</strong> (NYSE:UBER): Pelosi disclosed Uber as one of the two newest positions in her investment portfolio. Pelosi’s husband bought 200 call options of Uber with an expiration date of March 19, 2027, and a strike price of $50. The transaction was completed on May 29, 2026.</p><p style=\"text-align: start;\">Ackman disclosed owning 29,958,771 Uber shares at the end of the first quarter. The position is the third largest in the Pershing Square fund, which is tracked by <strong>Pershing Square USA </strong>(NYSE:PSUS), representing 16% of assets. Ackman cut the Uber position by around 1% in the first quarter.</p><p style=\"text-align: start;\"><strong>Alphabet Inc </strong>(NASDAQ:GOOG) (NASDAQ:GOOGL): Pelosi disclosed buying 50 call options of Alphabet Class A stock (GOOGL) on Jan. 14, 2025. The options were exercised earlier this year for 5,000 shares. The congresswoman also disclosed selling Alphabet Class A shares several times in 2022, reporting transactions valued at millions of dollars. Pelosi exercised Alphabet options back in 2022 and 2021, which means the congresswoman could own some common shares in the portfolio that were not sold alongside the current active call options.</p><p>Ackman disclosed owning 311,726 GOOG shares and 32,376 GOOGL shares in the Pershing Square fund at the end of the first quarter. Both positions were cut by 95% in the first quarter. Alphabet Class C shares were the ninth-largest position at 0.7% of assets in the quarter, with Class A shares the 11th-largest position at 0.1% of assets.</p><p style=\"text-align: start;\"><strong>Amazon.com Inc </strong>(NASDAQ:AMZN): Pelosi disclosed buying 50 call options of Amazon.com on Jan. 14, 2025. Those options were exercised in January 2026 for 5,000 shares. Pelosi also previously disclosed buying 20 call options in Amazon back in December 2025. Those options have a strike price of $120 and an expiration date of Jan. 15, 2027.</p><p style=\"text-align: start;\">Ackman disclosed owning 11,451,981 Amazon shares in the first quarter, representing 17% of the Pershing Square Capital Management portfolio and the second largest position. The e-commerce giant was a new purchase by Pershing Square in 2025 and Ackman has been adding to the position in recent quarters, with a 19% increase in the share count in the first quarter.</p><p><strong>Microsoft Corp </strong>(NASDAQ:MSFT): Pelosi last traded Microsoft stock with a sale of 5,000 shares in July 2024. Before that, she disclosed exercising 50 call options for 5,000 shares in June 2023. Those transactions may have cancelled each other out, but Pelosi also exercised options for 25,000 shares back in 2021, likely giving her a large MSFT share position today.</p><p style=\"text-align: start;\">Ackman announced Microsoft as a new purchase in the first quarter, when Pershing Square added 5,654,078 MSFT shares, worth around $2.09 billion at the end of March. The stock was around 15% of the company’s assets. Investors will be monitoring to see if Ackman increases his Microsoft position going forward.</p><h2 id=\"id_2760836920\" style=\"text-align: start;\">Different Investing Styles</h2><p style=\"text-align: start;\">Pelosi’s husband has a history of buying call options that are in the money and have expiration dates of a year from the purchase date. He later exercised the options into common stock.</p><p style=\"text-align: start;\">Investments are often made in the technology sector, favoring large-cap names.</p><p style=\"text-align: start;\">Ackman is a value and activist investor, known for taking large stakes in companies with dominant positions in their sectors and for pushing for changes to unlock shareholder value.</p><p style=\"text-align: start;\">Three of the four stocks Pelosi and Ackman have in common are members of the Magnificent 7 and among the most valuable companies in the world.</p><p style=\"text-align: start;\">A recent purchase of Uber call options by Pelosi gives the two investors four stocks in common now and a new position outside the Magnificent Seven stocks.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOW":"Roundhill GOOGL WeeklyPay ETF","MSFX":"2倍做多MSFT ETF-T-Rex","UBRL":"2倍做多UBER ETF-GraniteShares","GOOX":"2倍做多GOOG ETF-T-REX","AMZZ":"2倍做多AMZN ETF-GraniteShares","MSFY":"Kurv Yield Premium Strategy Microsoft (MSFT) ETF","MSFT":"微软","UBER":"优步","GOOY":"GOOGL期权收益策略ETF-YieldMax","AMZY":"AMZN期权收益策略ETF-YieldMax","AZYY":"GraniteShares YieldBOOST AMZN ETF","AMZW":"Roundhill AMZN WeeklyPay™ ETF","GOOG":"谷歌","GOU":"GraniteShares 2x Long GOOGL Daily ETF","AMZU":"2倍做多AMZN ETF-Direxion","GOOGL":"谷歌A","UBEW":"Roundhill UBER WeeklyPay ETF","GGLL":"2倍做多GOOGL-Direxion","AMZP":"KURV YIELD PREMIUM STRATEGY AMAZON (AMZN) ETF","MSFD":"1倍做空MSFT ETF-Direxion","GGLS":"1倍做空GOOGL ETF-Direxion","MSFL":"2倍做多MSFT ETF-GraniteShares","MSFO":"MSFT期权收益策略ETF-YieldMax","AMZN":"亚马逊","AMZD":"1倍做空AMZN ETF-Direxion","MSFU":"2倍做多MSFT ETF-Direxion","GOOP":"KURV YIELD PREMIUM STRATEGY GOOGLE (GOOGL) ETF","MSFW":"Roundhill MSFT WeeklyPay ETF"},"source_url":"https://www.benzinga.com/trading-ideas/long-ideas/26/06/60142091/nancy-pelosi-bill-ackman-bet-on-the-same-4-stocks-some-might-surprise-you","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2646627395","content_text":"Two of the most well-known figures whose trades are tracked by Wall Street are former Speaker of the House Nancy Pelosi (D-Calif.) and Pershing Square Capital Management CEO Bill Ackman. When it comes to stocks owned by the two figures, they have four in common, including three of the Magnificent 7 stocks.Here’s a look at the four stocks that appear both in Ackman’s hedge fund and in the stock portfolio of Pelosi, which is managed by her husband, Paul Pelosi.The 4 Shared StocksThe Benzinga Government Trades page for Pelosi shows four stocks disclosed by the congresswoman in the past five years that have not been sold, and are also owned by Ackman’s hedge fund, according to data from 13FInfo.Here are the four stocks owned by both Pelosi and Ackman:Uber Technologies (NYSE:UBER): Pelosi disclosed Uber as one of the two newest positions in her investment portfolio. Pelosi’s husband bought 200 call options of Uber with an expiration date of March 19, 2027, and a strike price of $50. The transaction was completed on May 29, 2026.Ackman disclosed owning 29,958,771 Uber shares at the end of the first quarter. The position is the third largest in the Pershing Square fund, which is tracked by Pershing Square USA (NYSE:PSUS), representing 16% of assets. Ackman cut the Uber position by around 1% in the first quarter.Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL): Pelosi disclosed buying 50 call options of Alphabet Class A stock (GOOGL) on Jan. 14, 2025. The options were exercised earlier this year for 5,000 shares. The congresswoman also disclosed selling Alphabet Class A shares several times in 2022, reporting transactions valued at millions of dollars. Pelosi exercised Alphabet options back in 2022 and 2021, which means the congresswoman could own some common shares in the portfolio that were not sold alongside the current active call options.Ackman disclosed owning 311,726 GOOG shares and 32,376 GOOGL shares in the Pershing Square fund at the end of the first quarter. Both positions were cut by 95% in the first quarter. Alphabet Class C shares were the ninth-largest position at 0.7% of assets in the quarter, with Class A shares the 11th-largest position at 0.1% of assets.Amazon.com Inc (NASDAQ:AMZN): Pelosi disclosed buying 50 call options of Amazon.com on Jan. 14, 2025. Those options were exercised in January 2026 for 5,000 shares. Pelosi also previously disclosed buying 20 call options in Amazon back in December 2025. Those options have a strike price of $120 and an expiration date of Jan. 15, 2027.Ackman disclosed owning 11,451,981 Amazon shares in the first quarter, representing 17% of the Pershing Square Capital Management portfolio and the second largest position. The e-commerce giant was a new purchase by Pershing Square in 2025 and Ackman has been adding to the position in recent quarters, with a 19% increase in the share count in the first quarter.Microsoft Corp (NASDAQ:MSFT): Pelosi last traded Microsoft stock with a sale of 5,000 shares in July 2024. Before that, she disclosed exercising 50 call options for 5,000 shares in June 2023. Those transactions may have cancelled each other out, but Pelosi also exercised options for 25,000 shares back in 2021, likely giving her a large MSFT share position today.Ackman announced Microsoft as a new purchase in the first quarter, when Pershing Square added 5,654,078 MSFT shares, worth around $2.09 billion at the end of March. The stock was around 15% of the company’s assets. Investors will be monitoring to see if Ackman increases his Microsoft position going forward.Different Investing StylesPelosi’s husband has a history of buying call options that are in the money and have expiration dates of a year from the purchase date. He later exercised the options into common stock.Investments are often made in the technology sector, favoring large-cap names.Ackman is a value and activist investor, known for taking large stakes in companies with dominant positions in their sectors and for pushing for changes to unlock shareholder value.Three of the four stocks Pelosi and Ackman have in common are members of the Magnificent 7 and among the most valuable companies in the world.A recent purchase of Uber call options by Pelosi gives the two investors four stocks in common now and a new position outside the Magnificent Seven stocks.","news_type":1,"symbols_score_info":{"UBRL":0.6,"AMZU":0.6,"MSFX":0.6,"GGLL":0.6,"MSFO":0.6,"AMZD":0.6,"AMZN":2,"GOOG":2,"GOOW":0.6,"AMZP":0.6,"MSFL":0.6,"AMZZ":0.6,"GOOGL":2,"MSFT":2,"UBER":2,"MSFD":0.6,"GOOP":0.6,"GGLS":0.6,"MSFY":0.6,"GOOY":0.6,"GOU":0.6,"AMZW":0.6,"AZYY":0.6,"MSFW":0.6,"GOOX":0.6,"MSFU":0.6,"AMZY":0.6,"UBEW":0.6}},"isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":579387518280072,"gmtCreate":1782482221434,"gmtModify":1782482222961,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4170531311945842","authorIdStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/579387518280072","repostId":"2646887267","repostType":2,"repost":{"id":"2646887267","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1782385800,"share":"https://ttm.financial/m/news/2646887267?lang=en_US&edition=fundamental","pubTime":"2026-06-25 19:10","market":"hk","language":"en","title":"Here are Five Themes Wall Street Left Behind While Chasing a Single Trade","url":"https://stock-news.laohu8.com/highlight/detail?id=2646887267","media":"Dow Jones","summary":"Research firm Citrini sees airlines, assisted living and other sectors as overlookedInternational World Cup fans have been falling in love with America. Citrini says that's a boost for beleaguered air","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Research firm Citrini sees airlines, assisted living and other sectors as overlooked \n</p>\n<p>\n     International World Cup fans have been falling in love with America. Citrini says that's a boost for beleaguered airlines. \n</p>\n<p>\n     If the recent tech selloff dented some confidence around the artificial intelligence trade, Micron Technology may have just restored it, with futures pointing to a powerful tech rally after blowout results from the memory maker. \n</p>\n<p>\n     However, our call of the day from Citrini Research, says with nearly all investor attention focused on the AI trade for the past few years, it's looking crowded to say the least. \n</p>\n<p>\n     \"We think the risk of 'AI exhaustion' is high and it's probable that we will see some degree of rotation into things that people have seemingly stopped caring about,\" said Citrini, the author of a viral AI Doomsday report earlier this year. \n</p>\n<p>\n     In a report that published Wednesday, Citrini revisits a few \"small themes\" that aren't big or market-disrupting, but \"below-the-radar narratives in less popular sectors that can surprise.\" \n</p>\n<p>\n     First up is airlines, which the firm expects to benefit from capacity constraints as well as renewed travel interest in the wake of World Cup fans posting love stories about America on social media.  Citrini  says as oil prices normalize \"we think tourism to the U.S. will see a sustained uplift,\" and spark airlines to start cycling higher. \n</p>\n<p>\n     The second theme is senior living as the oldest baby boomers hit 80 this year. Occupancy in senior housing hit 89.5% in the first quarter, the 19th consecutive quarterly increase, while supply collapsed. The incremental dollars from rising occupancy are \"crazy high margin significant.\" On the shopping list: REITs and operators like Welltower <a href=\"https://laohu8.com/S/WELL\">$(WELL)$</a>, <a href=\"https://laohu8.com/S/BKDT\">Brookdale Senior Living</a>  <a href=\"https://laohu8.com/S/BKD\">$(BKD)$</a> and <a href=\"https://laohu8.com/S/JAN\">Janus Living</a> (JAN). While those have performed well recently, they're still playing catch-up from years of underperformance. \n</p>\n<p>\n     Live events is also on the radar for Citrini as \"physical presence became a luxury good,\" over the past few years. \"Sports franchises, and to a greater extent - all IRL [in real life] events - are benefiting from a desire to be present. With that comes an increased opportunity to monetize through attendance, premiumization, and promotion,\" said the researchers. \n</p>\n<p>\n     Live Nation <a href=\"https://laohu8.com/S/LYV\">$(LYV)$</a>, TKO Group <a href=\"https://laohu8.com/S/TKO\">$(TKO)$</a>, Atlanta Braves <a href=\"https://laohu8.com/S/BATRK\">$(BATRK)$</a>, Madison <a href=\"https://laohu8.com/S/XYZ\">Square</a> Garden <a href=\"https://laohu8.com/S/MSGS\">$(MSGS)$</a> and Formula One <a href=\"https://laohu8.com/S/FWONK\">$(FWONK)$</a> and even Imax <a href=\"https://laohu8.com/S/IMAX\">$(IMAX)$</a>- \"the future of moviegoing\" - are among their top picks. \n</p>\n<p>\n     Financial exchanges are another overlooked theme, as Citrini sees \"CME's monopoly coming to an end\" due to a landmark shift in March 2026 when S&amp;P Dow Jones Indices licensed the a 24/7 equity-index perpetual. They suggest investors short incumbent players like CME <a href=\"https://laohu8.com/S/CME\">$(CME)$</a>, CBOE <a href=\"https://laohu8.com/S/CBOE\">$(CBOE)$</a> and ICE <a href=\"https://laohu8.com/S/ICE\">$(ICE)$</a>, and buy adopters chipping directly at that monopoly - <a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> (HOOD) and <a href=\"https://laohu8.com/S/COIN\">Coinbase</a> (COIN), along with index-license toll takers such as S&amp;P Global <a href=\"https://laohu8.com/S/SPGI\">$(SPGI)$</a>. \n</p>\n<p>\n     The final theme is buy-now-pay-later companies, unloved and branded by some as \"the next domino to fall,\" alongside private credit. Citrini pushed back, flagging a \"fundamental misunderstanding of the business model.\" Under U.S. GAAP accounting, these lenders must make upfront provisions for credit losses and revenue recognition happens over the life of the loan.  Citrini suggests looking at Klarna <a href=\"https://laohu8.com/S/KLAR\">$(KLAR)$</a>, <a href=\"https://laohu8.com/S/SZL.AU\">Sezzle</a> <a href=\"https://laohu8.com/S/SEZL\">$(SEZL)$</a>and <a href=\"https://laohu8.com/S/AFRM\">Affirm</a> (AFRM). \n</p>\n<p>\n     The markets \n</p>\n<p>\n     U.S. stock futures (ES00) (YM00) (NQ00) are higher, led by tech, and oil prices (CL.1) (BRN00) are dropping. Stocks in Japan JP:NIK and Korea KR:180721 surged. \n</p>\n<pre style=\"white-space: pre\">\n \nKey asset performance                                                Last       5d      1m       YTD     1y \nS&amp;P 500                                                              7358.22    -0.83%  -2.16%   7.49%   20.78% \nNasdaq Composite                                                     25,476.64  -2.09%  -4.49%   9.61%   27.55% \n10-year Treasury                                                     4.413      -4.70   -3.50    24.10   17.40 \nGold                                                                 4004.9     -5.27%  -11.54%  -7.56%  19.85% \nOil                                                                  69.49      -7.98%  -21.51%  21.04%  6.55% \nData: MarketWatch. Treasury yields change expressed in basis points \n</pre>\n<p>\n     The buzz \n</p>\n<p>\n     Driving those tech gains is Micron stock <a href=\"https://laohu8.com/S/MU\">$(MU)$</a>, poised for its best post-earnings performance ever after the memory-chip maker reported blowout profit and revenue growth. \n</p>\n<p>\n     Qualcomm <a href=\"https://laohu8.com/S/QCOM\">$(QCOM)$</a> at its investor day quantified its planned diversification from its handset business. \n</p>\n<p>\n     Personal consumption expenditure price index data for May, weekly jobless claims, durable-goods orders and a first-quarter gross domestic product revision are due at 8:30 a.m. The Treasury will announce results of a $44 billion 7-year note auction at 1 p.m. \n</p>\n<p>\n     IBM <a href=\"https://laohu8.com/S/IBM\">$(IBM)$</a> announced the first sub-nanometer microchip. \n</p>\n<p>\n     Germany's <a href=\"https://laohu8.com/S/MKGAF\">Merck KGaA</a> said it's buying  life-science tool maker Bio-Techne <a href=\"https://laohu8.com/S/TECH\">$(TECH)$</a> for $11.3 billion, or $73 per share, in cash. \n</p>\n<p>\n     Passive income is the new American dream. \n</p>\n<p>\n     The chart \n</p>\n<p>\n     The chart shared by tech newsletter author and AI critic Ed Zitron is from SoftBank's recent annual shareholder meeting. The company portrays itself as the goose and its portfolio companies as eggs with a message that seems to be saying SoftBank is worth more than investors believe. Each egg is worth 1 trillion Japanese yen. \"So the things that you have to count is not only the number of golden eggs that you see now, but you have to look at potential eggs that the goose can lay in the future, that are data centers and everything.\" SoftBank CEO Masayoshi Son said, according to a FactSet transcript. \"You have to find the value of the goose because the goose has the capacity to keep laying eggs for 40 years.\" The Japanese investment group (JP:9984), which invests in OpenAI and controls U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. microprocessor designer Arm <a href=\"https://laohu8.com/S/ARM\">$(ARM)$</a>, is one of the country's biggest companies by market cap, with shares up 189% in one year. \n</p>\n<p>\n     Top tickers \n</p>\n<p>\n     These were the top-searched tickers on MarketWatch as of 6 a.m.: \n</p>\n<pre style=\"white-space: pre\">\n \nTicker  Security name \nMU      Micron \nSPCX    SpaceX \nNVDA    <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> \nTSLA    <a href=\"https://laohu8.com/S/TSLA\">Tesla</a> \nTSM     <a href=\"https://laohu8.com/S/TSMWF\">Taiwan Semiconductor Manufacturing</a> \n<a href=\"https://laohu8.com/S/AMD\">AMD</a>     Advanced Micro Devices \nMSFT    Microsoft \nINTC    Intel \n<a href=\"https://laohu8.com/S/GME\">GME</a>     GameStop \nSNDK    Sandisk \n</pre>\n<p>\n     Never mind the World Cup, when the World Stinging Nettles Eating Championship is on. \n</p>\n<p>\n     -Barbara Kollmeyer \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 25, 2026 07:10 ET (11:10 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here are Five Themes Wall Street Left Behind While Chasing a Single Trade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere are Five Themes Wall Street Left Behind While Chasing a Single Trade\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-25 19:10</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Research firm Citrini sees airlines, assisted living and other sectors as overlooked \n</p>\n<p>\n     International World Cup fans have been falling in love with America. Citrini says that's a boost for beleaguered airlines. \n</p>\n<p>\n     If the recent tech selloff dented some confidence around the artificial intelligence trade, Micron Technology may have just restored it, with futures pointing to a powerful tech rally after blowout results from the memory maker. \n</p>\n<p>\n     However, our call of the day from Citrini Research, says with nearly all investor attention focused on the AI trade for the past few years, it's looking crowded to say the least. \n</p>\n<p>\n     \"We think the risk of 'AI exhaustion' is high and it's probable that we will see some degree of rotation into things that people have seemingly stopped caring about,\" said Citrini, the author of a viral AI Doomsday report earlier this year. \n</p>\n<p>\n     In a report that published Wednesday, Citrini revisits a few \"small themes\" that aren't big or market-disrupting, but \"below-the-radar narratives in less popular sectors that can surprise.\" \n</p>\n<p>\n     First up is airlines, which the firm expects to benefit from capacity constraints as well as renewed travel interest in the wake of World Cup fans posting love stories about America on social media.  Citrini  says as oil prices normalize \"we think tourism to the U.S. will see a sustained uplift,\" and spark airlines to start cycling higher. \n</p>\n<p>\n     The second theme is senior living as the oldest baby boomers hit 80 this year. Occupancy in senior housing hit 89.5% in the first quarter, the 19th consecutive quarterly increase, while supply collapsed. The incremental dollars from rising occupancy are \"crazy high margin significant.\" On the shopping list: REITs and operators like Welltower <a href=\"https://laohu8.com/S/WELL\">$(WELL)$</a>, <a href=\"https://laohu8.com/S/BKDT\">Brookdale Senior Living</a>  <a href=\"https://laohu8.com/S/BKD\">$(BKD)$</a> and <a href=\"https://laohu8.com/S/JAN\">Janus Living</a> (JAN). While those have performed well recently, they're still playing catch-up from years of underperformance. \n</p>\n<p>\n     Live events is also on the radar for Citrini as \"physical presence became a luxury good,\" over the past few years. \"Sports franchises, and to a greater extent - all IRL [in real life] events - are benefiting from a desire to be present. With that comes an increased opportunity to monetize through attendance, premiumization, and promotion,\" said the researchers. \n</p>\n<p>\n     Live Nation <a href=\"https://laohu8.com/S/LYV\">$(LYV)$</a>, TKO Group <a href=\"https://laohu8.com/S/TKO\">$(TKO)$</a>, Atlanta Braves <a href=\"https://laohu8.com/S/BATRK\">$(BATRK)$</a>, Madison <a href=\"https://laohu8.com/S/XYZ\">Square</a> Garden <a href=\"https://laohu8.com/S/MSGS\">$(MSGS)$</a> and Formula One <a href=\"https://laohu8.com/S/FWONK\">$(FWONK)$</a> and even Imax <a href=\"https://laohu8.com/S/IMAX\">$(IMAX)$</a>- \"the future of moviegoing\" - are among their top picks. \n</p>\n<p>\n     Financial exchanges are another overlooked theme, as Citrini sees \"CME's monopoly coming to an end\" due to a landmark shift in March 2026 when S&amp;P Dow Jones Indices licensed the a 24/7 equity-index perpetual. They suggest investors short incumbent players like CME <a href=\"https://laohu8.com/S/CME\">$(CME)$</a>, CBOE <a href=\"https://laohu8.com/S/CBOE\">$(CBOE)$</a> and ICE <a href=\"https://laohu8.com/S/ICE\">$(ICE)$</a>, and buy adopters chipping directly at that monopoly - <a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> (HOOD) and <a href=\"https://laohu8.com/S/COIN\">Coinbase</a> (COIN), along with index-license toll takers such as S&amp;P Global <a href=\"https://laohu8.com/S/SPGI\">$(SPGI)$</a>. \n</p>\n<p>\n     The final theme is buy-now-pay-later companies, unloved and branded by some as \"the next domino to fall,\" alongside private credit. Citrini pushed back, flagging a \"fundamental misunderstanding of the business model.\" Under U.S. GAAP accounting, these lenders must make upfront provisions for credit losses and revenue recognition happens over the life of the loan.  Citrini suggests looking at Klarna <a href=\"https://laohu8.com/S/KLAR\">$(KLAR)$</a>, <a href=\"https://laohu8.com/S/SZL.AU\">Sezzle</a> <a href=\"https://laohu8.com/S/SEZL\">$(SEZL)$</a>and <a href=\"https://laohu8.com/S/AFRM\">Affirm</a> (AFRM). \n</p>\n<p>\n     The markets \n</p>\n<p>\n     U.S. stock futures (ES00) (YM00) (NQ00) are higher, led by tech, and oil prices (CL.1) (BRN00) are dropping. Stocks in Japan JP:NIK and Korea KR:180721 surged. \n</p>\n<pre style=\"white-space: pre\">\n \nKey asset performance                                                Last       5d      1m       YTD     1y \nS&amp;P 500                                                              7358.22    -0.83%  -2.16%   7.49%   20.78% \nNasdaq Composite                                                     25,476.64  -2.09%  -4.49%   9.61%   27.55% \n10-year Treasury                                                     4.413      -4.70   -3.50    24.10   17.40 \nGold                                                                 4004.9     -5.27%  -11.54%  -7.56%  19.85% \nOil                                                                  69.49      -7.98%  -21.51%  21.04%  6.55% \nData: MarketWatch. Treasury yields change expressed in basis points \n</pre>\n<p>\n     The buzz \n</p>\n<p>\n     Driving those tech gains is Micron stock <a href=\"https://laohu8.com/S/MU\">$(MU)$</a>, poised for its best post-earnings performance ever after the memory-chip maker reported blowout profit and revenue growth. \n</p>\n<p>\n     Qualcomm <a href=\"https://laohu8.com/S/QCOM\">$(QCOM)$</a> at its investor day quantified its planned diversification from its handset business. \n</p>\n<p>\n     Personal consumption expenditure price index data for May, weekly jobless claims, durable-goods orders and a first-quarter gross domestic product revision are due at 8:30 a.m. The Treasury will announce results of a $44 billion 7-year note auction at 1 p.m. \n</p>\n<p>\n     IBM <a href=\"https://laohu8.com/S/IBM\">$(IBM)$</a> announced the first sub-nanometer microchip. \n</p>\n<p>\n     Germany's <a href=\"https://laohu8.com/S/MKGAF\">Merck KGaA</a> said it's buying  life-science tool maker Bio-Techne <a href=\"https://laohu8.com/S/TECH\">$(TECH)$</a> for $11.3 billion, or $73 per share, in cash. \n</p>\n<p>\n     Passive income is the new American dream. \n</p>\n<p>\n     The chart \n</p>\n<p>\n     The chart shared by tech newsletter author and AI critic Ed Zitron is from SoftBank's recent annual shareholder meeting. The company portrays itself as the goose and its portfolio companies as eggs with a message that seems to be saying SoftBank is worth more than investors believe. Each egg is worth 1 trillion Japanese yen. \"So the things that you have to count is not only the number of golden eggs that you see now, but you have to look at potential eggs that the goose can lay in the future, that are data centers and everything.\" SoftBank CEO Masayoshi Son said, according to a FactSet transcript. \"You have to find the value of the goose because the goose has the capacity to keep laying eggs for 40 years.\" The Japanese investment group (JP:9984), which invests in OpenAI and controls U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. microprocessor designer Arm <a href=\"https://laohu8.com/S/ARM\">$(ARM)$</a>, is one of the country's biggest companies by market cap, with shares up 189% in one year. \n</p>\n<p>\n     Top tickers \n</p>\n<p>\n     These were the top-searched tickers on MarketWatch as of 6 a.m.: \n</p>\n<pre style=\"white-space: pre\">\n \nTicker  Security name \nMU      Micron \nSPCX    SpaceX \nNVDA    <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> \nTSLA    <a href=\"https://laohu8.com/S/TSLA\">Tesla</a> \nTSM     <a href=\"https://laohu8.com/S/TSMWF\">Taiwan Semiconductor Manufacturing</a> \n<a href=\"https://laohu8.com/S/AMD\">AMD</a>     Advanced Micro Devices \nMSFT    Microsoft \nINTC    Intel \n<a href=\"https://laohu8.com/S/GME\">GME</a>     GameStop \nSNDK    Sandisk \n</pre>\n<p>\n     Never mind the World Cup, when the World Stinging Nettles Eating Championship is on. \n</p>\n<p>\n     -Barbara Kollmeyer \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 25, 2026 07:10 ET (11:10 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QCML":"2倍做多QCOM ETF-GraniteShares","FIAT":"做空COIN期权收益策略ETF-YieldMax","ICE":"洲际交易所","MSGS":"麦迪逊运动","COIO":"2倍上限加速COIN ETF-Leverage Shares","ARM":"ARM Holdings","QCMU":"2倍做多QCOM ETF-Direxion","HOOD":"Robinhood","MUU":"2倍做多MU ETF-Direxion","CME":"芝加哥商品交易所","LYV":"Live Nation Entertainment","KLAR":"Klarna Group plc","AFRM":"Affirm Holdings, Inc.","HOOG":"2倍做多HOOD ETF- Leverage Shares","SPGI":"标普全球","CONI":"2倍做空COIN ETF-GraniteShares","TECH":"Bio-Techne","IMAX":"Imax Corp","COYY":"GRANITESHARES YIELDBOOST COIN ETF","HOOI":"Defiance Leveraged Long + Income HOOD ETF","AFRU":"T-Rex 2X Long AFRM Daily Target ETF","CONL":"2倍做多COIN ETF-GraniteShares","BKD":"布鲁克代尔高级护理","HOOW":"Roundhill HOOD WeeklyPay™ ETF","CONX":"Direxion Daily COIN Bull 2X ETF","COIN":"Coinbase Global, Inc.","HOOX":"2倍做多HOOD ETF-Defiance","COIG":"2倍做多COIN ETF- Leverage Shares","ROBN":"2倍做多HOOD ETF-T-REX","CONY":"COIN期权收益策略ETF-YieldMax","ICOI":"Bitwise COIN Option Income Strategy ETF","MU":"美光科技","HOOY":"HOOD期权收益策略ETF-YieldMax","MULL":"2倍做多MU ETF-GraniteShares","WELL":"WELLTOWER OP LLC","ARMG":"2倍做多ARM ETF- Leverage Shares","QCOM":"高通","JAN":"Janus Living","IBM":"IBM","HODU":"Direxion Daily HOOD Bull 2X ETF","FWONK":"Liberty Media Corporation Series C","HOYY":"GraniteShares YieldBOOST HOOD ETF","HOII":"REX HOOD Growth & Income ETF","ARMU":"2倍做多ARM ETF-T-REX","BATRK":"Atlanta Braves-C","TKO":"TKO Group Holdings","SEZL":"Sezzle Inc","QCMD":"1倍做空QCOM ETF-Direxion","CBOE":"芝加哥期权交易所","HOOZ":"2倍做空HOOD ETF-Defiance"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2646887267","content_text":"Research firm Citrini sees airlines, assisted living and other sectors as overlooked \n\n\n     International World Cup fans have been falling in love with America. Citrini says that's a boost for beleaguered airlines. \n\n\n     If the recent tech selloff dented some confidence around the artificial intelligence trade, Micron Technology may have just restored it, with futures pointing to a powerful tech rally after blowout results from the memory maker. \n\n\n     However, our call of the day from Citrini Research, says with nearly all investor attention focused on the AI trade for the past few years, it's looking crowded to say the least. \n\n\n     \"We think the risk of 'AI exhaustion' is high and it's probable that we will see some degree of rotation into things that people have seemingly stopped caring about,\" said Citrini, the author of a viral AI Doomsday report earlier this year. \n\n\n     In a report that published Wednesday, Citrini revisits a few \"small themes\" that aren't big or market-disrupting, but \"below-the-radar narratives in less popular sectors that can surprise.\" \n\n\n     First up is airlines, which the firm expects to benefit from capacity constraints as well as renewed travel interest in the wake of World Cup fans posting love stories about America on social media.  Citrini  says as oil prices normalize \"we think tourism to the U.S. will see a sustained uplift,\" and spark airlines to start cycling higher. \n\n\n     The second theme is senior living as the oldest baby boomers hit 80 this year. Occupancy in senior housing hit 89.5% in the first quarter, the 19th consecutive quarterly increase, while supply collapsed. The incremental dollars from rising occupancy are \"crazy high margin significant.\" On the shopping list: REITs and operators like Welltower $(WELL)$, Brookdale Senior Living $(BKD)$ and Janus Living (JAN). While those have performed well recently, they're still playing catch-up from years of underperformance. \n\n\n     Live events is also on the radar for Citrini as \"physical presence became a luxury good,\" over the past few years. \"Sports franchises, and to a greater extent - all IRL [in real life] events - are benefiting from a desire to be present. With that comes an increased opportunity to monetize through attendance, premiumization, and promotion,\" said the researchers. \n\n\n     Live Nation $(LYV)$, TKO Group $(TKO)$, Atlanta Braves $(BATRK)$, Madison Square Garden $(MSGS)$ and Formula One $(FWONK)$ and even Imax $(IMAX)$- \"the future of moviegoing\" - are among their top picks. \n\n\n     Financial exchanges are another overlooked theme, as Citrini sees \"CME's monopoly coming to an end\" due to a landmark shift in March 2026 when S&P Dow Jones Indices licensed the a 24/7 equity-index perpetual. They suggest investors short incumbent players like CME $(CME)$, CBOE $(CBOE)$ and ICE $(ICE)$, and buy adopters chipping directly at that monopoly - Robinhood (HOOD) and Coinbase (COIN), along with index-license toll takers such as S&P Global $(SPGI)$. \n\n\n     The final theme is buy-now-pay-later companies, unloved and branded by some as \"the next domino to fall,\" alongside private credit. Citrini pushed back, flagging a \"fundamental misunderstanding of the business model.\" Under U.S. GAAP accounting, these lenders must make upfront provisions for credit losses and revenue recognition happens over the life of the loan.  Citrini suggests looking at Klarna $(KLAR)$, Sezzle $(SEZL)$and Affirm (AFRM). \n\n\n     The markets \n\n\n     U.S. stock futures (ES00) (YM00) (NQ00) are higher, led by tech, and oil prices (CL.1) (BRN00) are dropping. Stocks in Japan JP:NIK and Korea KR:180721 surged. \n\n\n \nKey asset performance                                                Last       5d      1m       YTD     1y \nS&P 500                                                              7358.22    -0.83%  -2.16%   7.49%   20.78% \nNasdaq Composite                                                     25,476.64  -2.09%  -4.49%   9.61%   27.55% \n10-year Treasury                                                     4.413      -4.70   -3.50    24.10   17.40 \nGold                                                                 4004.9     -5.27%  -11.54%  -7.56%  19.85% \nOil                                                                  69.49      -7.98%  -21.51%  21.04%  6.55% \nData: MarketWatch. Treasury yields change expressed in basis points \n\n\n     The buzz \n\n\n     Driving those tech gains is Micron stock $(MU)$, poised for its best post-earnings performance ever after the memory-chip maker reported blowout profit and revenue growth. \n\n\n     Qualcomm $(QCOM)$ at its investor day quantified its planned diversification from its handset business. \n\n\n     Personal consumption expenditure price index data for May, weekly jobless claims, durable-goods orders and a first-quarter gross domestic product revision are due at 8:30 a.m. The Treasury will announce results of a $44 billion 7-year note auction at 1 p.m. \n\n\n     IBM $(IBM)$ announced the first sub-nanometer microchip. \n\n\n     Germany's Merck KGaA said it's buying  life-science tool maker Bio-Techne $(TECH)$ for $11.3 billion, or $73 per share, in cash. \n\n\n     Passive income is the new American dream. \n\n\n     The chart \n\n\n     The chart shared by tech newsletter author and AI critic Ed Zitron is from SoftBank's recent annual shareholder meeting. The company portrays itself as the goose and its portfolio companies as eggs with a message that seems to be saying SoftBank is worth more than investors believe. Each egg is worth 1 trillion Japanese yen. \"So the things that you have to count is not only the number of golden eggs that you see now, but you have to look at potential eggs that the goose can lay in the future, that are data centers and everything.\" SoftBank CEO Masayoshi Son said, according to a FactSet transcript. \"You have to find the value of the goose because the goose has the capacity to keep laying eggs for 40 years.\" The Japanese investment group (JP:9984), which invests in OpenAI and controls U.K. microprocessor designer Arm $(ARM)$, is one of the country's biggest companies by market cap, with shares up 189% in one year. \n\n\n     Top tickers \n\n\n     These were the top-searched tickers on MarketWatch as of 6 a.m.: \n\n\n \nTicker  Security name \nMU      Micron \nSPCX    SpaceX \nNVDA    Nvidia \nTSLA    Tesla \nTSM     Taiwan Semiconductor Manufacturing \nAMD     Advanced Micro Devices \nMSFT    Microsoft \nINTC    Intel \nGME     GameStop \nSNDK    Sandisk \n\n\n     Never mind the World Cup, when the World Stinging Nettles Eating Championship is on. \n\n\n     -Barbara Kollmeyer \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 25, 2026 07:10 ET (11:10 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"QCMU":0.6,"MU":1,"AFRM":1,"ICOI":0.6,"QCMD":0.6,"SPGI":1,"TKO":1,"CBOE":1,"ARMG":0.6,"HOOW":0.6,"ARMU":0.6,"ROBN":0.6,"IMAX":1,"COYY":0.6,"TECH":1,"HOOI":0.6,"CONX":0.6,"WELL":1,"KLAR":1,"COIN":1,"HOOG":0.6,"HOYY":0.6,"HOOZ":0.6,"QCML":0.6,"QCOM":1,"HOII":0.6,"HOOD":1,"FIAT":0.6,"HOOX":0.6,"COIO":0.6,"CONL":0.6,"JAN":1,"IBM":1,"MUU":0.6,"AFRU":0.6,"SEZL":1,"ARM":1,"ICE":1,"HODU":0.6,"FWONK":1,"CONI":0.6,"CONY":0.6,"BKD":1,"HOOY":0.6,"MULL":0.6,"LYV":1,"MSGS":1,"BATRK":1,"COIG":0.6,"CME":1}},"isVote":1,"tweetType":1,"viewCount":532,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":579385400975448,"gmtCreate":1782481603407,"gmtModify":1782481604818,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4170531311945842","authorIdStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/579385400975448","repostId":"1148154928","repostType":2,"repost":{"id":"1148154928","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1782462700,"share":"https://ttm.financial/m/news/1148154928?lang=en_US&edition=fundamental","pubTime":"2026-06-26 16:31","market":"us","language":"en","title":"Apple's Price Hike: The Trigger for an AI Storage Bubble Burst?","url":"https://stock-news.laohu8.com/highlight/detail?id=1148154928","media":"Deep News","summary":"On June 26th, South Korea's KOSPI index plunged over 8%, triggering a 20-minute trading halt—its fifth suspension this year and third this week.The catalyst was not a new regulatory crackdown or a...","content":"<html><head></head><body><p>On June 26th, South Korea&#39;s KOSPI index plunged over 8%, triggering a 20-minute trading halt—its fifth suspension this year and third this week.<br/><br/>The catalyst was not a new regulatory crackdown or a leverage blow-up, but a seemingly unrelated piece of news: <b>Apple</b> has raised prices across its product line.<br/><br/>On June 25th, <b>Apple</b> announced price increases for MacBook, iPad, HomePod, Apple TV, and Vision Pro products, with hikes ranging from $50 to $300. The official statement was a single sentence that spoke volumes: &#34;We have never seen component prices rise this fast, this aggressively.&#34;<br/><br/>When <b>Apple</b>, the world&#39;s largest consumer electronics buyer with the most powerful supply chain bargaining power, can no longer shoulder rising storage costs, the market finally realized: the AI-driven storage chip inflation has shifted from a &#34;supply-side party&#34; to a &#34;demand-side poison.&#34;<br/><br/>\n<b>What Apple&#39;s Struggle Signifies</b><br/><br/>This price increase from <b>Apple</b> is a signal of a quantitative change turning qualitative.<br/><br/>Specifically: the MacBook Air 512GB rose from $1,099 to $1,299; the MacBook Pro 1TB rose from $1,699 to $1,999; the iPad Air 128GB rose from $599 to $749. Even the MacBook Neo, which debuted earlier this year at a low $599 to compete with Windows and Chromebooks, was pulled back to $699—erasing its price advantage over the Dell XPS 13.<br/><br/>CEO Tim Cook had already telegraphed this in the late April earnings call: &#34;We expect storage costs to increase significantly... As we move into the June quarter, storage costs will have an increasingly larger impact on our business.&#34; He was more blunt in an interview last week, calling the price hikes &#34;inevitable.&#34;<br/><br/>But the market clearly didn&#39;t fully digest this warning. It wasn&#39;t until the announcement landed that <b>Apple</b>&#39;s stock plummeted 6.1% that day, its biggest single-day drop in over a year. <b>Dell</b>&#39;s stock also plunged over 8% in sync.<br/><br/>A comment from IDC&#39;s senior research director, Nabila Popal, hit the nail on the head: &#34;The iPhone is not immune; a price increase is only a matter of time. <b>Apple</b>&#39;s strategy of announcing price hikes for other products before the fall iPhone launch event is brilliant—it shifts the launch focus from &#39;price increase&#39; to &#39;new device value.&#39;&#34;<br/><br/>In other words, an iPhone price hike is a foregone conclusion. With over 200 million iPhones sold annually, it is the world&#39;s single largest consumer electronics storage consumer. Once iPhones get more expensive, the ripple effect will far exceed that of Macs and iPads.<br/><br/><b>Apple</b> is not the first to raise prices, nor will it be the last. The question is: if <b>Apple</b> is raising prices, who can avoid it? And what comes after the hikes?<br/><br/>\n<b>RAMageddon: A Storage Inflation Fed by AI</b><br/><br/>Why is <b>Apple</b> being forced to raise prices? The data itself tells the story.<br/><br/>According to TrendForce, DRAM prices surged 98% in Q1 2026 and are projected to rise another 58% to 63% in Q2. Over the past six months, the DRAM price index has skyrocketed 72%. This wave of price increases has been dubbed &#34;RAMageddon&#34; in the industry—a storage chip inflation triggered by a frenzy of AI data center construction.<br/><br/>The underlying logic is straightforward: <b>NVIDIA</b>&#39;s GPUs require massive amounts of HBM (High Bandwidth Memory), with each H100 chip consuming 5 to 8 times the HBM capacity of a standard server. As AI data centers sprout up globally, memory manufacturers are prioritizing capacity allocation for their most lucrative AI chip customers—<b>NVIDIA</b>, <b>Google</b>, <b>Microsoft</b>—while consumer electronics manufacturers wait in line for their quota.<br/><br/><b>Micron Technology</b> is a prime example. The U.S. memory giant announced this past Wednesday that it has secured $22 billion in long-term supply agreements—from customers &#34;looking to secure their memory supply.&#34; In the same period, <b>Micron</b> reported record profits.<br/><br/>Memory manufacturers are raking in more profits, but downstream electronics makers are being squeezed.<br/><br/>PC makers like <b>Dell</b>, <b>HP</b>, and <b>Lenovo</b> face the same cost pressure. While <b>Apple</b> has some buffer due to its supply relationships—Cook explained in April that &#34;existing inventory helped us absorb gross margin pressure last quarter&#34;—even that inventory buffer is now insufficient.<br/><br/>More critically, this is not a simple short-term supply-demand mismatch. Based on the scale of AI data centers currently under construction and planned, the structural shift of memory capacity towards AI is unlikely to reverse before 2028. The &#34;chip scramble&#34; for consumer electronics will persist.<br/><br/>\n<b>The Trillion-Dollar Gamble: A Supply Tsunami is Coming</b><br/><br/>Facing unprecedented demand, memory giants are launching astronomical capacity expansions. But the problem lies precisely here—these investments are not easing anxiety; they are intensifying it.<br/><br/>First, consider <b>Samsung</b>. According to South Korean media reports, <b>Samsung</b> Electronics is preparing to announce a 10-year investment plan exceeding 1,000 trillion won (approximately $646 billion) to expand semiconductor manufacturing capacity and advanced technology infrastructure. The number is so large it takes a few seconds to comprehend—it&#39;s equivalent to one-third of South Korea&#39;s projected 2025 GDP.<br/><br/>Next, consider <b>SK Hynix</b>. On June 24, this memory giant, which recently surpassed <b>Samsung</b> to become South Korea&#39;s most valuable company, announced it will list via a Nasdaq ADR, aiming to raise 45.45 trillion won (about $29.4 billion). If priced as planned, this would be the second-largest equity offering in history—second only to <b>SpaceX</b>&#39;s $85.7 billion IPO this month, surpassing <b>Saudi Aramco</b> and <b>Alibaba</b>.<br/><br/><b>SK Hynix</b> disclosed that the proceeds would fund chip factory construction in South Korea and the procurement of ASML&#39;s extreme ultraviolet lithography machines. The ADR book-building is set to start on July 6, with trading commencing on Nasdaq on July 10.<br/><br/>These two investments are staggering in any context—they not only demonstrate how robust AI storage demand is, but also expose a market-ignored issue: supply is chasing demand at an unprecedented pace.<br/><br/>A hard rule of the semiconductor industry is the 2 to 3-year lag from groundbreaking to production. The trillion-won investments announced today mean a massive wave of memory capacity will hit the market in 2028-2029. If AI demand growth falls short of expectations, or if storage efficiency leaps due to technological breakthroughs, today&#39;s supply confidence could sow the seeds for tomorrow&#39;s oversupply.<br/><br/>The memory industry has historically been cyclical: boom, investment, glut, bust. <b>Samsung</b> has experienced at least five complete memory cycles since the 1980s. The hallmark event of each cycle&#39;s peak has been &#34;unprecedented investment scale.&#34;<br/><br/>\n<b>Cracks in Demand: Who&#39;s Paying for Expensive Chips?</b><br/><br/>On the other side of the supply frenzy, cracks are appearing in demand.<br/><br/>IDC&#39;s latest forecast is unsettling: the global smartphone market will see its largest-ever annual decline in 2026—close to 14%; the PC market will decline 11.3%. &#34;Rising memory costs are expected to put heavy pressure on device sales this year,&#34; IDC wrote in its report.<br/><br/>This isn&#39;t a supply shortage issue; it&#39;s consumers not buying because prices are too high. When a laptop costs $200 to $300 more due to storage costs, and a phone costs $100 to $150 more for the same reason—not all consumers will accept it.<br/><br/>Developments at <b>OpenAI</b> provide another warning signal. According to reports, <b>OpenAI</b> is considering delaying its planned IPO to 2027. While <b>OpenAI</b> cited reasons involving regulation and pricing environment, the market interprets this as another sign of an &#34;AI valuation bubble.&#34; If even <b>OpenAI</b> lacks confidence in the current market window, how can memory stocks, whose valuations have multiplied several times over, continue to enjoy their premium?<br/><br/>Then there&#39;s <b>Microsoft</b>. The Xbox has already seen its third price hike in 2026. When the world&#39;s largest software company starts passing storage costs onto its gamers, it shows every link in this supply chain is feeling the pain.<br/><br/>The key point is this: storage price hike → end-product price hike → consumers don&#39;t buy → sales decline → storage demand falls—this negative feedback loop is forming. Memory manufacturers are enjoying unprecedented pricing power today, but the flip side of pricing power is demand elasticity. Once a certain price threshold is crossed, demand can drop non-linearly.<br/><br/>The market currently only sees the first stage: &#34;short supply → price hike → record profits.&#34; The second stage—&#34;price hike → demand destruction → cycle reversal&#34;—may have just begun.<br/><br/>\n<b>Conclusion: From &#39;Is There Enough?&#39; to &#39;Is It Too Expensive?&#39;</b><br/><br/><b>Apple</b>&#39;s price hike announcement contains a telling phrase: &#34;We are working tirelessly to find solutions.&#34;<br/><br/>This &#34;solution&#34; could involve redesigning products to lower storage specifications, encouraging a shift of non-AI memory capacity back, or adopting more efficient memory architectures in next-generation devices. Regardless of the direction, they all point to the same conclusion: device manufacturers will not sit idle waiting for memory prices to fall on their own. They will actively seek alternatives, and these alternatives will ultimately reduce demand for memory chips.<br/><br/>For memory giants, <b>Apple</b>&#39;s price hike is a double-edged signal. In the short term, it validates the scarcity value of memory chips—even <b>Apple</b> has yielded. In the long term, it signifies the world&#39;s largest buyer has begun seeking &#34;decoupling.&#34; History has repeatedly shown that when customers start looking for alternatives, the supply chain&#39;s pricing power has already begun to weaken.<br/><br/>On July 10, <b>SK Hynix</b> will ring the bell on Nasdaq. If all goes well, it will be a pinnacle moment for South Korean memory chips—simultaneously holding the titles of the world&#39;s largest market cap, highest profits, and the largest overseas fundraising in history.<br/><br/>But peak moments can also be inflection points.<br/><br/>When <b>Samsung</b>&#39;s trillion-won investment, <b>SK Hynix</b>&#39;s $29.4 billion fundraising, and <b>Apple</b>&#39;s across-the-board price hikes appear together, this picture is not telling a fairy tale of &#34;AI that never sleeps.&#34; It is reminding everyone: in the semiconductor industry, the peak of prosperity is often closest to the turning point.<br/><br/>From &#34;Is there enough storage?&#34; to &#34;Is storage too expensive?&#34;—the market&#39;s narrative shift only required the distance of an <b>Apple</b> price hike.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple's Price Hike: The Trigger for an AI Storage Bubble Burst?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple's Price Hike: The Trigger for an AI Storage Bubble Burst?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-06-26 16:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>On June 26th, South Korea&#39;s KOSPI index plunged over 8%, triggering a 20-minute trading halt—its fifth suspension this year and third this week.<br/><br/>The catalyst was not a new regulatory crackdown or a leverage blow-up, but a seemingly unrelated piece of news: <b>Apple</b> has raised prices across its product line.<br/><br/>On June 25th, <b>Apple</b> announced price increases for MacBook, iPad, HomePod, Apple TV, and Vision Pro products, with hikes ranging from $50 to $300. The official statement was a single sentence that spoke volumes: &#34;We have never seen component prices rise this fast, this aggressively.&#34;<br/><br/>When <b>Apple</b>, the world&#39;s largest consumer electronics buyer with the most powerful supply chain bargaining power, can no longer shoulder rising storage costs, the market finally realized: the AI-driven storage chip inflation has shifted from a &#34;supply-side party&#34; to a &#34;demand-side poison.&#34;<br/><br/>\n<b>What Apple&#39;s Struggle Signifies</b><br/><br/>This price increase from <b>Apple</b> is a signal of a quantitative change turning qualitative.<br/><br/>Specifically: the MacBook Air 512GB rose from $1,099 to $1,299; the MacBook Pro 1TB rose from $1,699 to $1,999; the iPad Air 128GB rose from $599 to $749. Even the MacBook Neo, which debuted earlier this year at a low $599 to compete with Windows and Chromebooks, was pulled back to $699—erasing its price advantage over the Dell XPS 13.<br/><br/>CEO Tim Cook had already telegraphed this in the late April earnings call: &#34;We expect storage costs to increase significantly... As we move into the June quarter, storage costs will have an increasingly larger impact on our business.&#34; He was more blunt in an interview last week, calling the price hikes &#34;inevitable.&#34;<br/><br/>But the market clearly didn&#39;t fully digest this warning. It wasn&#39;t until the announcement landed that <b>Apple</b>&#39;s stock plummeted 6.1% that day, its biggest single-day drop in over a year. <b>Dell</b>&#39;s stock also plunged over 8% in sync.<br/><br/>A comment from IDC&#39;s senior research director, Nabila Popal, hit the nail on the head: &#34;The iPhone is not immune; a price increase is only a matter of time. <b>Apple</b>&#39;s strategy of announcing price hikes for other products before the fall iPhone launch event is brilliant—it shifts the launch focus from &#39;price increase&#39; to &#39;new device value.&#39;&#34;<br/><br/>In other words, an iPhone price hike is a foregone conclusion. With over 200 million iPhones sold annually, it is the world&#39;s single largest consumer electronics storage consumer. Once iPhones get more expensive, the ripple effect will far exceed that of Macs and iPads.<br/><br/><b>Apple</b> is not the first to raise prices, nor will it be the last. The question is: if <b>Apple</b> is raising prices, who can avoid it? And what comes after the hikes?<br/><br/>\n<b>RAMageddon: A Storage Inflation Fed by AI</b><br/><br/>Why is <b>Apple</b> being forced to raise prices? The data itself tells the story.<br/><br/>According to TrendForce, DRAM prices surged 98% in Q1 2026 and are projected to rise another 58% to 63% in Q2. Over the past six months, the DRAM price index has skyrocketed 72%. This wave of price increases has been dubbed &#34;RAMageddon&#34; in the industry—a storage chip inflation triggered by a frenzy of AI data center construction.<br/><br/>The underlying logic is straightforward: <b>NVIDIA</b>&#39;s GPUs require massive amounts of HBM (High Bandwidth Memory), with each H100 chip consuming 5 to 8 times the HBM capacity of a standard server. As AI data centers sprout up globally, memory manufacturers are prioritizing capacity allocation for their most lucrative AI chip customers—<b>NVIDIA</b>, <b>Google</b>, <b>Microsoft</b>—while consumer electronics manufacturers wait in line for their quota.<br/><br/><b>Micron Technology</b> is a prime example. The U.S. memory giant announced this past Wednesday that it has secured $22 billion in long-term supply agreements—from customers &#34;looking to secure their memory supply.&#34; In the same period, <b>Micron</b> reported record profits.<br/><br/>Memory manufacturers are raking in more profits, but downstream electronics makers are being squeezed.<br/><br/>PC makers like <b>Dell</b>, <b>HP</b>, and <b>Lenovo</b> face the same cost pressure. While <b>Apple</b> has some buffer due to its supply relationships—Cook explained in April that &#34;existing inventory helped us absorb gross margin pressure last quarter&#34;—even that inventory buffer is now insufficient.<br/><br/>More critically, this is not a simple short-term supply-demand mismatch. Based on the scale of AI data centers currently under construction and planned, the structural shift of memory capacity towards AI is unlikely to reverse before 2028. The &#34;chip scramble&#34; for consumer electronics will persist.<br/><br/>\n<b>The Trillion-Dollar Gamble: A Supply Tsunami is Coming</b><br/><br/>Facing unprecedented demand, memory giants are launching astronomical capacity expansions. But the problem lies precisely here—these investments are not easing anxiety; they are intensifying it.<br/><br/>First, consider <b>Samsung</b>. According to South Korean media reports, <b>Samsung</b> Electronics is preparing to announce a 10-year investment plan exceeding 1,000 trillion won (approximately $646 billion) to expand semiconductor manufacturing capacity and advanced technology infrastructure. The number is so large it takes a few seconds to comprehend—it&#39;s equivalent to one-third of South Korea&#39;s projected 2025 GDP.<br/><br/>Next, consider <b>SK Hynix</b>. On June 24, this memory giant, which recently surpassed <b>Samsung</b> to become South Korea&#39;s most valuable company, announced it will list via a Nasdaq ADR, aiming to raise 45.45 trillion won (about $29.4 billion). If priced as planned, this would be the second-largest equity offering in history—second only to <b>SpaceX</b>&#39;s $85.7 billion IPO this month, surpassing <b>Saudi Aramco</b> and <b>Alibaba</b>.<br/><br/><b>SK Hynix</b> disclosed that the proceeds would fund chip factory construction in South Korea and the procurement of ASML&#39;s extreme ultraviolet lithography machines. The ADR book-building is set to start on July 6, with trading commencing on Nasdaq on July 10.<br/><br/>These two investments are staggering in any context—they not only demonstrate how robust AI storage demand is, but also expose a market-ignored issue: supply is chasing demand at an unprecedented pace.<br/><br/>A hard rule of the semiconductor industry is the 2 to 3-year lag from groundbreaking to production. The trillion-won investments announced today mean a massive wave of memory capacity will hit the market in 2028-2029. If AI demand growth falls short of expectations, or if storage efficiency leaps due to technological breakthroughs, today&#39;s supply confidence could sow the seeds for tomorrow&#39;s oversupply.<br/><br/>The memory industry has historically been cyclical: boom, investment, glut, bust. <b>Samsung</b> has experienced at least five complete memory cycles since the 1980s. The hallmark event of each cycle&#39;s peak has been &#34;unprecedented investment scale.&#34;<br/><br/>\n<b>Cracks in Demand: Who&#39;s Paying for Expensive Chips?</b><br/><br/>On the other side of the supply frenzy, cracks are appearing in demand.<br/><br/>IDC&#39;s latest forecast is unsettling: the global smartphone market will see its largest-ever annual decline in 2026—close to 14%; the PC market will decline 11.3%. &#34;Rising memory costs are expected to put heavy pressure on device sales this year,&#34; IDC wrote in its report.<br/><br/>This isn&#39;t a supply shortage issue; it&#39;s consumers not buying because prices are too high. When a laptop costs $200 to $300 more due to storage costs, and a phone costs $100 to $150 more for the same reason—not all consumers will accept it.<br/><br/>Developments at <b>OpenAI</b> provide another warning signal. According to reports, <b>OpenAI</b> is considering delaying its planned IPO to 2027. While <b>OpenAI</b> cited reasons involving regulation and pricing environment, the market interprets this as another sign of an &#34;AI valuation bubble.&#34; If even <b>OpenAI</b> lacks confidence in the current market window, how can memory stocks, whose valuations have multiplied several times over, continue to enjoy their premium?<br/><br/>Then there&#39;s <b>Microsoft</b>. The Xbox has already seen its third price hike in 2026. When the world&#39;s largest software company starts passing storage costs onto its gamers, it shows every link in this supply chain is feeling the pain.<br/><br/>The key point is this: storage price hike → end-product price hike → consumers don&#39;t buy → sales decline → storage demand falls—this negative feedback loop is forming. Memory manufacturers are enjoying unprecedented pricing power today, but the flip side of pricing power is demand elasticity. Once a certain price threshold is crossed, demand can drop non-linearly.<br/><br/>The market currently only sees the first stage: &#34;short supply → price hike → record profits.&#34; The second stage—&#34;price hike → demand destruction → cycle reversal&#34;—may have just begun.<br/><br/>\n<b>Conclusion: From &#39;Is There Enough?&#39; to &#39;Is It Too Expensive?&#39;</b><br/><br/><b>Apple</b>&#39;s price hike announcement contains a telling phrase: &#34;We are working tirelessly to find solutions.&#34;<br/><br/>This &#34;solution&#34; could involve redesigning products to lower storage specifications, encouraging a shift of non-AI memory capacity back, or adopting more efficient memory architectures in next-generation devices. Regardless of the direction, they all point to the same conclusion: device manufacturers will not sit idle waiting for memory prices to fall on their own. They will actively seek alternatives, and these alternatives will ultimately reduce demand for memory chips.<br/><br/>For memory giants, <b>Apple</b>&#39;s price hike is a double-edged signal. In the short term, it validates the scarcity value of memory chips—even <b>Apple</b> has yielded. In the long term, it signifies the world&#39;s largest buyer has begun seeking &#34;decoupling.&#34; History has repeatedly shown that when customers start looking for alternatives, the supply chain&#39;s pricing power has already begun to weaken.<br/><br/>On July 10, <b>SK Hynix</b> will ring the bell on Nasdaq. If all goes well, it will be a pinnacle moment for South Korean memory chips—simultaneously holding the titles of the world&#39;s largest market cap, highest profits, and the largest overseas fundraising in history.<br/><br/>But peak moments can also be inflection points.<br/><br/>When <b>Samsung</b>&#39;s trillion-won investment, <b>SK Hynix</b>&#39;s $29.4 billion fundraising, and <b>Apple</b>&#39;s across-the-board price hikes appear together, this picture is not telling a fairy tale of &#34;AI that never sleeps.&#34; It is reminding everyone: in the semiconductor industry, the peak of prosperity is often closest to the turning point.<br/><br/>From &#34;Is there enough storage?&#34; to &#34;Is storage too expensive?&#34;—the market&#39;s narrative shift only required the distance of an <b>Apple</b> price hike.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU0949170426.SGD":"Blackrock Global Multi-Asset Income A6 SGD-H","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","BK4529":"IDC概念","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0784384876.USD":"Blackrock Global Multi-Asset Income A6 USD","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","LU0289960550.SGD":"AB FCP I - 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The official statement was a single sentence that spoke volumes: \"We have never seen component prices rise this fast, this aggressively.\"When Apple, the world's largest consumer electronics buyer with the most powerful supply chain bargaining power, can no longer shoulder rising storage costs, the market finally realized: the AI-driven storage chip inflation has shifted from a \"supply-side party\" to a \"demand-side poison.\"\nWhat Apple's Struggle SignifiesThis price increase from Apple is a signal of a quantitative change turning qualitative.Specifically: the MacBook Air 512GB rose from $1,099 to $1,299; the MacBook Pro 1TB rose from $1,699 to $1,999; the iPad Air 128GB rose from $599 to $749. Even the MacBook Neo, which debuted earlier this year at a low $599 to compete with Windows and Chromebooks, was pulled back to $699—erasing its price advantage over the Dell XPS 13.CEO Tim Cook had already telegraphed this in the late April earnings call: \"We expect storage costs to increase significantly... As we move into the June quarter, storage costs will have an increasingly larger impact on our business.\" He was more blunt in an interview last week, calling the price hikes \"inevitable.\"But the market clearly didn't fully digest this warning. It wasn't until the announcement landed that Apple's stock plummeted 6.1% that day, its biggest single-day drop in over a year. Dell's stock also plunged over 8% in sync.A comment from IDC's senior research director, Nabila Popal, hit the nail on the head: \"The iPhone is not immune; a price increase is only a matter of time. Apple's strategy of announcing price hikes for other products before the fall iPhone launch event is brilliant—it shifts the launch focus from 'price increase' to 'new device value.'\"In other words, an iPhone price hike is a foregone conclusion. With over 200 million iPhones sold annually, it is the world's single largest consumer electronics storage consumer. Once iPhones get more expensive, the ripple effect will far exceed that of Macs and iPads.Apple is not the first to raise prices, nor will it be the last. The question is: if Apple is raising prices, who can avoid it? And what comes after the hikes?\nRAMageddon: A Storage Inflation Fed by AIWhy is Apple being forced to raise prices? The data itself tells the story.According to TrendForce, DRAM prices surged 98% in Q1 2026 and are projected to rise another 58% to 63% in Q2. Over the past six months, the DRAM price index has skyrocketed 72%. This wave of price increases has been dubbed \"RAMageddon\" in the industry—a storage chip inflation triggered by a frenzy of AI data center construction.The underlying logic is straightforward: NVIDIA's GPUs require massive amounts of HBM (High Bandwidth Memory), with each H100 chip consuming 5 to 8 times the HBM capacity of a standard server. As AI data centers sprout up globally, memory manufacturers are prioritizing capacity allocation for their most lucrative AI chip customers—NVIDIA, Google, Microsoft—while consumer electronics manufacturers wait in line for their quota.Micron Technology is a prime example. The U.S. memory giant announced this past Wednesday that it has secured $22 billion in long-term supply agreements—from customers \"looking to secure their memory supply.\" In the same period, Micron reported record profits.Memory manufacturers are raking in more profits, but downstream electronics makers are being squeezed.PC makers like Dell, HP, and Lenovo face the same cost pressure. While Apple has some buffer due to its supply relationships—Cook explained in April that \"existing inventory helped us absorb gross margin pressure last quarter\"—even that inventory buffer is now insufficient.More critically, this is not a simple short-term supply-demand mismatch. Based on the scale of AI data centers currently under construction and planned, the structural shift of memory capacity towards AI is unlikely to reverse before 2028. The \"chip scramble\" for consumer electronics will persist.\nThe Trillion-Dollar Gamble: A Supply Tsunami is ComingFacing unprecedented demand, memory giants are launching astronomical capacity expansions. But the problem lies precisely here—these investments are not easing anxiety; they are intensifying it.First, consider Samsung. According to South Korean media reports, Samsung Electronics is preparing to announce a 10-year investment plan exceeding 1,000 trillion won (approximately $646 billion) to expand semiconductor manufacturing capacity and advanced technology infrastructure. The number is so large it takes a few seconds to comprehend—it's equivalent to one-third of South Korea's projected 2025 GDP.Next, consider SK Hynix. On June 24, this memory giant, which recently surpassed Samsung to become South Korea's most valuable company, announced it will list via a Nasdaq ADR, aiming to raise 45.45 trillion won (about $29.4 billion). If priced as planned, this would be the second-largest equity offering in history—second only to SpaceX's $85.7 billion IPO this month, surpassing Saudi Aramco and Alibaba.SK Hynix disclosed that the proceeds would fund chip factory construction in South Korea and the procurement of ASML's extreme ultraviolet lithography machines. The ADR book-building is set to start on July 6, with trading commencing on Nasdaq on July 10.These two investments are staggering in any context—they not only demonstrate how robust AI storage demand is, but also expose a market-ignored issue: supply is chasing demand at an unprecedented pace.A hard rule of the semiconductor industry is the 2 to 3-year lag from groundbreaking to production. The trillion-won investments announced today mean a massive wave of memory capacity will hit the market in 2028-2029. If AI demand growth falls short of expectations, or if storage efficiency leaps due to technological breakthroughs, today's supply confidence could sow the seeds for tomorrow's oversupply.The memory industry has historically been cyclical: boom, investment, glut, bust. Samsung has experienced at least five complete memory cycles since the 1980s. The hallmark event of each cycle's peak has been \"unprecedented investment scale.\"\nCracks in Demand: Who's Paying for Expensive Chips?On the other side of the supply frenzy, cracks are appearing in demand.IDC's latest forecast is unsettling: the global smartphone market will see its largest-ever annual decline in 2026—close to 14%; the PC market will decline 11.3%. \"Rising memory costs are expected to put heavy pressure on device sales this year,\" IDC wrote in its report.This isn't a supply shortage issue; it's consumers not buying because prices are too high. When a laptop costs $200 to $300 more due to storage costs, and a phone costs $100 to $150 more for the same reason—not all consumers will accept it.Developments at OpenAI provide another warning signal. According to reports, OpenAI is considering delaying its planned IPO to 2027. While OpenAI cited reasons involving regulation and pricing environment, the market interprets this as another sign of an \"AI valuation bubble.\" If even OpenAI lacks confidence in the current market window, how can memory stocks, whose valuations have multiplied several times over, continue to enjoy their premium?Then there's Microsoft. The Xbox has already seen its third price hike in 2026. When the world's largest software company starts passing storage costs onto its gamers, it shows every link in this supply chain is feeling the pain.The key point is this: storage price hike → end-product price hike → consumers don't buy → sales decline → storage demand falls—this negative feedback loop is forming. Memory manufacturers are enjoying unprecedented pricing power today, but the flip side of pricing power is demand elasticity. Once a certain price threshold is crossed, demand can drop non-linearly.The market currently only sees the first stage: \"short supply → price hike → record profits.\" The second stage—\"price hike → demand destruction → cycle reversal\"—may have just begun.\nConclusion: From 'Is There Enough?' to 'Is It Too Expensive?'Apple's price hike announcement contains a telling phrase: \"We are working tirelessly to find solutions.\"This \"solution\" could involve redesigning products to lower storage specifications, encouraging a shift of non-AI memory capacity back, or adopting more efficient memory architectures in next-generation devices. Regardless of the direction, they all point to the same conclusion: device manufacturers will not sit idle waiting for memory prices to fall on their own. They will actively seek alternatives, and these alternatives will ultimately reduce demand for memory chips.For memory giants, Apple's price hike is a double-edged signal. In the short term, it validates the scarcity value of memory chips—even Apple has yielded. In the long term, it signifies the world's largest buyer has begun seeking \"decoupling.\" History has repeatedly shown that when customers start looking for alternatives, the supply chain's pricing power has already begun to weaken.On July 10, SK Hynix will ring the bell on Nasdaq. If all goes well, it will be a pinnacle moment for South Korean memory chips—simultaneously holding the titles of the world's largest market cap, highest profits, and the largest overseas fundraising in history.But peak moments can also be inflection points.When Samsung's trillion-won investment, SK Hynix's $29.4 billion fundraising, and Apple's across-the-board price hikes appear together, this picture is not telling a fairy tale of \"AI that never sleeps.\" It is reminding everyone: in the semiconductor industry, the peak of prosperity is often closest to the turning point.From \"Is there enough storage?\" to \"Is storage too expensive?\"—the market's narrative shift only required the distance of an Apple price hike.","news_type":1,"symbols_score_info":{"NVDU":0.6,"SNDU":0.6,"07388":0.6,"NVDW":0.6,"NVDY":0.6,"APLY":0.6,"AAPB":0.6,"07788":0.6,"MU":2,"NVDL":0.6,"NVDB":0.6,"MULL":0.6,"NVD":0.6,"NVDA":2,"NVDG":0.6,"MUU":0.6,"NVDO":0.6,"NVDD":0.6,"NVYY":0.6,"AAPW":0.6,"NVII":0.6,"AAPU":0.6,"AAPD":0.6,"NVDQ":0.6,"DIPS":0.6,"MUD":0.6,"NVDX":0.6,"AAPY":0.6,"NVDS":0.6,"SNDK":2,"AAPL":2,"SNXX":0.6,"ANV":0.6,"AAPX":0.6}},"isVote":1,"tweetType":1,"viewCount":491,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":579384959246632,"gmtCreate":1782481591281,"gmtModify":1782481594089,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4170531311945842","authorIdStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/579384959246632","repostId":"1148154928","repostType":2,"repost":{"id":"1148154928","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1782462700,"share":"https://ttm.financial/m/news/1148154928?lang=en_US&edition=fundamental","pubTime":"2026-06-26 16:31","market":"us","language":"en","title":"Apple's Price Hike: The Trigger for an AI Storage Bubble Burst?","url":"https://stock-news.laohu8.com/highlight/detail?id=1148154928","media":"Deep News","summary":"On June 26th, South Korea's KOSPI index plunged over 8%, triggering a 20-minute trading halt—its fifth suspension this year and third this week.The catalyst was not a new regulatory crackdown or a...","content":"<html><head></head><body><p>On June 26th, South Korea&#39;s KOSPI index plunged over 8%, triggering a 20-minute trading halt—its fifth suspension this year and third this week.<br/><br/>The catalyst was not a new regulatory crackdown or a leverage blow-up, but a seemingly unrelated piece of news: <b>Apple</b> has raised prices across its product line.<br/><br/>On June 25th, <b>Apple</b> announced price increases for MacBook, iPad, HomePod, Apple TV, and Vision Pro products, with hikes ranging from $50 to $300. The official statement was a single sentence that spoke volumes: &#34;We have never seen component prices rise this fast, this aggressively.&#34;<br/><br/>When <b>Apple</b>, the world&#39;s largest consumer electronics buyer with the most powerful supply chain bargaining power, can no longer shoulder rising storage costs, the market finally realized: the AI-driven storage chip inflation has shifted from a &#34;supply-side party&#34; to a &#34;demand-side poison.&#34;<br/><br/>\n<b>What Apple&#39;s Struggle Signifies</b><br/><br/>This price increase from <b>Apple</b> is a signal of a quantitative change turning qualitative.<br/><br/>Specifically: the MacBook Air 512GB rose from $1,099 to $1,299; the MacBook Pro 1TB rose from $1,699 to $1,999; the iPad Air 128GB rose from $599 to $749. Even the MacBook Neo, which debuted earlier this year at a low $599 to compete with Windows and Chromebooks, was pulled back to $699—erasing its price advantage over the Dell XPS 13.<br/><br/>CEO Tim Cook had already telegraphed this in the late April earnings call: &#34;We expect storage costs to increase significantly... As we move into the June quarter, storage costs will have an increasingly larger impact on our business.&#34; He was more blunt in an interview last week, calling the price hikes &#34;inevitable.&#34;<br/><br/>But the market clearly didn&#39;t fully digest this warning. It wasn&#39;t until the announcement landed that <b>Apple</b>&#39;s stock plummeted 6.1% that day, its biggest single-day drop in over a year. <b>Dell</b>&#39;s stock also plunged over 8% in sync.<br/><br/>A comment from IDC&#39;s senior research director, Nabila Popal, hit the nail on the head: &#34;The iPhone is not immune; a price increase is only a matter of time. <b>Apple</b>&#39;s strategy of announcing price hikes for other products before the fall iPhone launch event is brilliant—it shifts the launch focus from &#39;price increase&#39; to &#39;new device value.&#39;&#34;<br/><br/>In other words, an iPhone price hike is a foregone conclusion. With over 200 million iPhones sold annually, it is the world&#39;s single largest consumer electronics storage consumer. Once iPhones get more expensive, the ripple effect will far exceed that of Macs and iPads.<br/><br/><b>Apple</b> is not the first to raise prices, nor will it be the last. The question is: if <b>Apple</b> is raising prices, who can avoid it? And what comes after the hikes?<br/><br/>\n<b>RAMageddon: A Storage Inflation Fed by AI</b><br/><br/>Why is <b>Apple</b> being forced to raise prices? The data itself tells the story.<br/><br/>According to TrendForce, DRAM prices surged 98% in Q1 2026 and are projected to rise another 58% to 63% in Q2. Over the past six months, the DRAM price index has skyrocketed 72%. This wave of price increases has been dubbed &#34;RAMageddon&#34; in the industry—a storage chip inflation triggered by a frenzy of AI data center construction.<br/><br/>The underlying logic is straightforward: <b>NVIDIA</b>&#39;s GPUs require massive amounts of HBM (High Bandwidth Memory), with each H100 chip consuming 5 to 8 times the HBM capacity of a standard server. As AI data centers sprout up globally, memory manufacturers are prioritizing capacity allocation for their most lucrative AI chip customers—<b>NVIDIA</b>, <b>Google</b>, <b>Microsoft</b>—while consumer electronics manufacturers wait in line for their quota.<br/><br/><b>Micron Technology</b> is a prime example. The U.S. memory giant announced this past Wednesday that it has secured $22 billion in long-term supply agreements—from customers &#34;looking to secure their memory supply.&#34; In the same period, <b>Micron</b> reported record profits.<br/><br/>Memory manufacturers are raking in more profits, but downstream electronics makers are being squeezed.<br/><br/>PC makers like <b>Dell</b>, <b>HP</b>, and <b>Lenovo</b> face the same cost pressure. While <b>Apple</b> has some buffer due to its supply relationships—Cook explained in April that &#34;existing inventory helped us absorb gross margin pressure last quarter&#34;—even that inventory buffer is now insufficient.<br/><br/>More critically, this is not a simple short-term supply-demand mismatch. Based on the scale of AI data centers currently under construction and planned, the structural shift of memory capacity towards AI is unlikely to reverse before 2028. The &#34;chip scramble&#34; for consumer electronics will persist.<br/><br/>\n<b>The Trillion-Dollar Gamble: A Supply Tsunami is Coming</b><br/><br/>Facing unprecedented demand, memory giants are launching astronomical capacity expansions. But the problem lies precisely here—these investments are not easing anxiety; they are intensifying it.<br/><br/>First, consider <b>Samsung</b>. According to South Korean media reports, <b>Samsung</b> Electronics is preparing to announce a 10-year investment plan exceeding 1,000 trillion won (approximately $646 billion) to expand semiconductor manufacturing capacity and advanced technology infrastructure. The number is so large it takes a few seconds to comprehend—it&#39;s equivalent to one-third of South Korea&#39;s projected 2025 GDP.<br/><br/>Next, consider <b>SK Hynix</b>. On June 24, this memory giant, which recently surpassed <b>Samsung</b> to become South Korea&#39;s most valuable company, announced it will list via a Nasdaq ADR, aiming to raise 45.45 trillion won (about $29.4 billion). If priced as planned, this would be the second-largest equity offering in history—second only to <b>SpaceX</b>&#39;s $85.7 billion IPO this month, surpassing <b>Saudi Aramco</b> and <b>Alibaba</b>.<br/><br/><b>SK Hynix</b> disclosed that the proceeds would fund chip factory construction in South Korea and the procurement of ASML&#39;s extreme ultraviolet lithography machines. The ADR book-building is set to start on July 6, with trading commencing on Nasdaq on July 10.<br/><br/>These two investments are staggering in any context—they not only demonstrate how robust AI storage demand is, but also expose a market-ignored issue: supply is chasing demand at an unprecedented pace.<br/><br/>A hard rule of the semiconductor industry is the 2 to 3-year lag from groundbreaking to production. The trillion-won investments announced today mean a massive wave of memory capacity will hit the market in 2028-2029. If AI demand growth falls short of expectations, or if storage efficiency leaps due to technological breakthroughs, today&#39;s supply confidence could sow the seeds for tomorrow&#39;s oversupply.<br/><br/>The memory industry has historically been cyclical: boom, investment, glut, bust. <b>Samsung</b> has experienced at least five complete memory cycles since the 1980s. The hallmark event of each cycle&#39;s peak has been &#34;unprecedented investment scale.&#34;<br/><br/>\n<b>Cracks in Demand: Who&#39;s Paying for Expensive Chips?</b><br/><br/>On the other side of the supply frenzy, cracks are appearing in demand.<br/><br/>IDC&#39;s latest forecast is unsettling: the global smartphone market will see its largest-ever annual decline in 2026—close to 14%; the PC market will decline 11.3%. &#34;Rising memory costs are expected to put heavy pressure on device sales this year,&#34; IDC wrote in its report.<br/><br/>This isn&#39;t a supply shortage issue; it&#39;s consumers not buying because prices are too high. When a laptop costs $200 to $300 more due to storage costs, and a phone costs $100 to $150 more for the same reason—not all consumers will accept it.<br/><br/>Developments at <b>OpenAI</b> provide another warning signal. According to reports, <b>OpenAI</b> is considering delaying its planned IPO to 2027. While <b>OpenAI</b> cited reasons involving regulation and pricing environment, the market interprets this as another sign of an &#34;AI valuation bubble.&#34; If even <b>OpenAI</b> lacks confidence in the current market window, how can memory stocks, whose valuations have multiplied several times over, continue to enjoy their premium?<br/><br/>Then there&#39;s <b>Microsoft</b>. The Xbox has already seen its third price hike in 2026. When the world&#39;s largest software company starts passing storage costs onto its gamers, it shows every link in this supply chain is feeling the pain.<br/><br/>The key point is this: storage price hike → end-product price hike → consumers don&#39;t buy → sales decline → storage demand falls—this negative feedback loop is forming. Memory manufacturers are enjoying unprecedented pricing power today, but the flip side of pricing power is demand elasticity. Once a certain price threshold is crossed, demand can drop non-linearly.<br/><br/>The market currently only sees the first stage: &#34;short supply → price hike → record profits.&#34; The second stage—&#34;price hike → demand destruction → cycle reversal&#34;—may have just begun.<br/><br/>\n<b>Conclusion: From &#39;Is There Enough?&#39; to &#39;Is It Too Expensive?&#39;</b><br/><br/><b>Apple</b>&#39;s price hike announcement contains a telling phrase: &#34;We are working tirelessly to find solutions.&#34;<br/><br/>This &#34;solution&#34; could involve redesigning products to lower storage specifications, encouraging a shift of non-AI memory capacity back, or adopting more efficient memory architectures in next-generation devices. Regardless of the direction, they all point to the same conclusion: device manufacturers will not sit idle waiting for memory prices to fall on their own. They will actively seek alternatives, and these alternatives will ultimately reduce demand for memory chips.<br/><br/>For memory giants, <b>Apple</b>&#39;s price hike is a double-edged signal. In the short term, it validates the scarcity value of memory chips—even <b>Apple</b> has yielded. In the long term, it signifies the world&#39;s largest buyer has begun seeking &#34;decoupling.&#34; History has repeatedly shown that when customers start looking for alternatives, the supply chain&#39;s pricing power has already begun to weaken.<br/><br/>On July 10, <b>SK Hynix</b> will ring the bell on Nasdaq. If all goes well, it will be a pinnacle moment for South Korean memory chips—simultaneously holding the titles of the world&#39;s largest market cap, highest profits, and the largest overseas fundraising in history.<br/><br/>But peak moments can also be inflection points.<br/><br/>When <b>Samsung</b>&#39;s trillion-won investment, <b>SK Hynix</b>&#39;s $29.4 billion fundraising, and <b>Apple</b>&#39;s across-the-board price hikes appear together, this picture is not telling a fairy tale of &#34;AI that never sleeps.&#34; It is reminding everyone: in the semiconductor industry, the peak of prosperity is often closest to the turning point.<br/><br/>From &#34;Is there enough storage?&#34; to &#34;Is storage too expensive?&#34;—the market&#39;s narrative shift only required the distance of an <b>Apple</b> price hike.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple's Price Hike: The Trigger for an AI Storage Bubble Burst?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple's Price Hike: The Trigger for an AI Storage Bubble Burst?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-06-26 16:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>On June 26th, South Korea&#39;s KOSPI index plunged over 8%, triggering a 20-minute trading halt—its fifth suspension this year and third this week.<br/><br/>The catalyst was not a new regulatory crackdown or a leverage blow-up, but a seemingly unrelated piece of news: <b>Apple</b> has raised prices across its product line.<br/><br/>On June 25th, <b>Apple</b> announced price increases for MacBook, iPad, HomePod, Apple TV, and Vision Pro products, with hikes ranging from $50 to $300. The official statement was a single sentence that spoke volumes: &#34;We have never seen component prices rise this fast, this aggressively.&#34;<br/><br/>When <b>Apple</b>, the world&#39;s largest consumer electronics buyer with the most powerful supply chain bargaining power, can no longer shoulder rising storage costs, the market finally realized: the AI-driven storage chip inflation has shifted from a &#34;supply-side party&#34; to a &#34;demand-side poison.&#34;<br/><br/>\n<b>What Apple&#39;s Struggle Signifies</b><br/><br/>This price increase from <b>Apple</b> is a signal of a quantitative change turning qualitative.<br/><br/>Specifically: the MacBook Air 512GB rose from $1,099 to $1,299; the MacBook Pro 1TB rose from $1,699 to $1,999; the iPad Air 128GB rose from $599 to $749. Even the MacBook Neo, which debuted earlier this year at a low $599 to compete with Windows and Chromebooks, was pulled back to $699—erasing its price advantage over the Dell XPS 13.<br/><br/>CEO Tim Cook had already telegraphed this in the late April earnings call: &#34;We expect storage costs to increase significantly... As we move into the June quarter, storage costs will have an increasingly larger impact on our business.&#34; He was more blunt in an interview last week, calling the price hikes &#34;inevitable.&#34;<br/><br/>But the market clearly didn&#39;t fully digest this warning. It wasn&#39;t until the announcement landed that <b>Apple</b>&#39;s stock plummeted 6.1% that day, its biggest single-day drop in over a year. <b>Dell</b>&#39;s stock also plunged over 8% in sync.<br/><br/>A comment from IDC&#39;s senior research director, Nabila Popal, hit the nail on the head: &#34;The iPhone is not immune; a price increase is only a matter of time. <b>Apple</b>&#39;s strategy of announcing price hikes for other products before the fall iPhone launch event is brilliant—it shifts the launch focus from &#39;price increase&#39; to &#39;new device value.&#39;&#34;<br/><br/>In other words, an iPhone price hike is a foregone conclusion. With over 200 million iPhones sold annually, it is the world&#39;s single largest consumer electronics storage consumer. Once iPhones get more expensive, the ripple effect will far exceed that of Macs and iPads.<br/><br/><b>Apple</b> is not the first to raise prices, nor will it be the last. The question is: if <b>Apple</b> is raising prices, who can avoid it? And what comes after the hikes?<br/><br/>\n<b>RAMageddon: A Storage Inflation Fed by AI</b><br/><br/>Why is <b>Apple</b> being forced to raise prices? The data itself tells the story.<br/><br/>According to TrendForce, DRAM prices surged 98% in Q1 2026 and are projected to rise another 58% to 63% in Q2. Over the past six months, the DRAM price index has skyrocketed 72%. This wave of price increases has been dubbed &#34;RAMageddon&#34; in the industry—a storage chip inflation triggered by a frenzy of AI data center construction.<br/><br/>The underlying logic is straightforward: <b>NVIDIA</b>&#39;s GPUs require massive amounts of HBM (High Bandwidth Memory), with each H100 chip consuming 5 to 8 times the HBM capacity of a standard server. As AI data centers sprout up globally, memory manufacturers are prioritizing capacity allocation for their most lucrative AI chip customers—<b>NVIDIA</b>, <b>Google</b>, <b>Microsoft</b>—while consumer electronics manufacturers wait in line for their quota.<br/><br/><b>Micron Technology</b> is a prime example. The U.S. memory giant announced this past Wednesday that it has secured $22 billion in long-term supply agreements—from customers &#34;looking to secure their memory supply.&#34; In the same period, <b>Micron</b> reported record profits.<br/><br/>Memory manufacturers are raking in more profits, but downstream electronics makers are being squeezed.<br/><br/>PC makers like <b>Dell</b>, <b>HP</b>, and <b>Lenovo</b> face the same cost pressure. While <b>Apple</b> has some buffer due to its supply relationships—Cook explained in April that &#34;existing inventory helped us absorb gross margin pressure last quarter&#34;—even that inventory buffer is now insufficient.<br/><br/>More critically, this is not a simple short-term supply-demand mismatch. Based on the scale of AI data centers currently under construction and planned, the structural shift of memory capacity towards AI is unlikely to reverse before 2028. The &#34;chip scramble&#34; for consumer electronics will persist.<br/><br/>\n<b>The Trillion-Dollar Gamble: A Supply Tsunami is Coming</b><br/><br/>Facing unprecedented demand, memory giants are launching astronomical capacity expansions. But the problem lies precisely here—these investments are not easing anxiety; they are intensifying it.<br/><br/>First, consider <b>Samsung</b>. According to South Korean media reports, <b>Samsung</b> Electronics is preparing to announce a 10-year investment plan exceeding 1,000 trillion won (approximately $646 billion) to expand semiconductor manufacturing capacity and advanced technology infrastructure. The number is so large it takes a few seconds to comprehend—it&#39;s equivalent to one-third of South Korea&#39;s projected 2025 GDP.<br/><br/>Next, consider <b>SK Hynix</b>. On June 24, this memory giant, which recently surpassed <b>Samsung</b> to become South Korea&#39;s most valuable company, announced it will list via a Nasdaq ADR, aiming to raise 45.45 trillion won (about $29.4 billion). If priced as planned, this would be the second-largest equity offering in history—second only to <b>SpaceX</b>&#39;s $85.7 billion IPO this month, surpassing <b>Saudi Aramco</b> and <b>Alibaba</b>.<br/><br/><b>SK Hynix</b> disclosed that the proceeds would fund chip factory construction in South Korea and the procurement of ASML&#39;s extreme ultraviolet lithography machines. The ADR book-building is set to start on July 6, with trading commencing on Nasdaq on July 10.<br/><br/>These two investments are staggering in any context—they not only demonstrate how robust AI storage demand is, but also expose a market-ignored issue: supply is chasing demand at an unprecedented pace.<br/><br/>A hard rule of the semiconductor industry is the 2 to 3-year lag from groundbreaking to production. The trillion-won investments announced today mean a massive wave of memory capacity will hit the market in 2028-2029. If AI demand growth falls short of expectations, or if storage efficiency leaps due to technological breakthroughs, today&#39;s supply confidence could sow the seeds for tomorrow&#39;s oversupply.<br/><br/>The memory industry has historically been cyclical: boom, investment, glut, bust. <b>Samsung</b> has experienced at least five complete memory cycles since the 1980s. The hallmark event of each cycle&#39;s peak has been &#34;unprecedented investment scale.&#34;<br/><br/>\n<b>Cracks in Demand: Who&#39;s Paying for Expensive Chips?</b><br/><br/>On the other side of the supply frenzy, cracks are appearing in demand.<br/><br/>IDC&#39;s latest forecast is unsettling: the global smartphone market will see its largest-ever annual decline in 2026—close to 14%; the PC market will decline 11.3%. &#34;Rising memory costs are expected to put heavy pressure on device sales this year,&#34; IDC wrote in its report.<br/><br/>This isn&#39;t a supply shortage issue; it&#39;s consumers not buying because prices are too high. When a laptop costs $200 to $300 more due to storage costs, and a phone costs $100 to $150 more for the same reason—not all consumers will accept it.<br/><br/>Developments at <b>OpenAI</b> provide another warning signal. According to reports, <b>OpenAI</b> is considering delaying its planned IPO to 2027. While <b>OpenAI</b> cited reasons involving regulation and pricing environment, the market interprets this as another sign of an &#34;AI valuation bubble.&#34; If even <b>OpenAI</b> lacks confidence in the current market window, how can memory stocks, whose valuations have multiplied several times over, continue to enjoy their premium?<br/><br/>Then there&#39;s <b>Microsoft</b>. The Xbox has already seen its third price hike in 2026. When the world&#39;s largest software company starts passing storage costs onto its gamers, it shows every link in this supply chain is feeling the pain.<br/><br/>The key point is this: storage price hike → end-product price hike → consumers don&#39;t buy → sales decline → storage demand falls—this negative feedback loop is forming. Memory manufacturers are enjoying unprecedented pricing power today, but the flip side of pricing power is demand elasticity. Once a certain price threshold is crossed, demand can drop non-linearly.<br/><br/>The market currently only sees the first stage: &#34;short supply → price hike → record profits.&#34; The second stage—&#34;price hike → demand destruction → cycle reversal&#34;—may have just begun.<br/><br/>\n<b>Conclusion: From &#39;Is There Enough?&#39; to &#39;Is It Too Expensive?&#39;</b><br/><br/><b>Apple</b>&#39;s price hike announcement contains a telling phrase: &#34;We are working tirelessly to find solutions.&#34;<br/><br/>This &#34;solution&#34; could involve redesigning products to lower storage specifications, encouraging a shift of non-AI memory capacity back, or adopting more efficient memory architectures in next-generation devices. Regardless of the direction, they all point to the same conclusion: device manufacturers will not sit idle waiting for memory prices to fall on their own. They will actively seek alternatives, and these alternatives will ultimately reduce demand for memory chips.<br/><br/>For memory giants, <b>Apple</b>&#39;s price hike is a double-edged signal. In the short term, it validates the scarcity value of memory chips—even <b>Apple</b> has yielded. In the long term, it signifies the world&#39;s largest buyer has begun seeking &#34;decoupling.&#34; History has repeatedly shown that when customers start looking for alternatives, the supply chain&#39;s pricing power has already begun to weaken.<br/><br/>On July 10, <b>SK Hynix</b> will ring the bell on Nasdaq. If all goes well, it will be a pinnacle moment for South Korean memory chips—simultaneously holding the titles of the world&#39;s largest market cap, highest profits, and the largest overseas fundraising in history.<br/><br/>But peak moments can also be inflection points.<br/><br/>When <b>Samsung</b>&#39;s trillion-won investment, <b>SK Hynix</b>&#39;s $29.4 billion fundraising, and <b>Apple</b>&#39;s across-the-board price hikes appear together, this picture is not telling a fairy tale of &#34;AI that never sleeps.&#34; It is reminding everyone: in the semiconductor industry, the peak of prosperity is often closest to the turning point.<br/><br/>From &#34;Is there enough storage?&#34; to &#34;Is storage too expensive?&#34;—the market&#39;s narrative shift only required the distance of an <b>Apple</b> price hike.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU0949170426.SGD":"Blackrock Global Multi-Asset Income A6 SGD-H","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","BK4529":"IDC概念","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0784384876.USD":"Blackrock Global Multi-Asset Income A6 USD","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","LU0289960550.SGD":"AB FCP I - 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The official statement was a single sentence that spoke volumes: \"We have never seen component prices rise this fast, this aggressively.\"When Apple, the world's largest consumer electronics buyer with the most powerful supply chain bargaining power, can no longer shoulder rising storage costs, the market finally realized: the AI-driven storage chip inflation has shifted from a \"supply-side party\" to a \"demand-side poison.\"\nWhat Apple's Struggle SignifiesThis price increase from Apple is a signal of a quantitative change turning qualitative.Specifically: the MacBook Air 512GB rose from $1,099 to $1,299; the MacBook Pro 1TB rose from $1,699 to $1,999; the iPad Air 128GB rose from $599 to $749. Even the MacBook Neo, which debuted earlier this year at a low $599 to compete with Windows and Chromebooks, was pulled back to $699—erasing its price advantage over the Dell XPS 13.CEO Tim Cook had already telegraphed this in the late April earnings call: \"We expect storage costs to increase significantly... As we move into the June quarter, storage costs will have an increasingly larger impact on our business.\" He was more blunt in an interview last week, calling the price hikes \"inevitable.\"But the market clearly didn't fully digest this warning. It wasn't until the announcement landed that Apple's stock plummeted 6.1% that day, its biggest single-day drop in over a year. Dell's stock also plunged over 8% in sync.A comment from IDC's senior research director, Nabila Popal, hit the nail on the head: \"The iPhone is not immune; a price increase is only a matter of time. Apple's strategy of announcing price hikes for other products before the fall iPhone launch event is brilliant—it shifts the launch focus from 'price increase' to 'new device value.'\"In other words, an iPhone price hike is a foregone conclusion. With over 200 million iPhones sold annually, it is the world's single largest consumer electronics storage consumer. Once iPhones get more expensive, the ripple effect will far exceed that of Macs and iPads.Apple is not the first to raise prices, nor will it be the last. The question is: if Apple is raising prices, who can avoid it? And what comes after the hikes?\nRAMageddon: A Storage Inflation Fed by AIWhy is Apple being forced to raise prices? The data itself tells the story.According to TrendForce, DRAM prices surged 98% in Q1 2026 and are projected to rise another 58% to 63% in Q2. Over the past six months, the DRAM price index has skyrocketed 72%. This wave of price increases has been dubbed \"RAMageddon\" in the industry—a storage chip inflation triggered by a frenzy of AI data center construction.The underlying logic is straightforward: NVIDIA's GPUs require massive amounts of HBM (High Bandwidth Memory), with each H100 chip consuming 5 to 8 times the HBM capacity of a standard server. As AI data centers sprout up globally, memory manufacturers are prioritizing capacity allocation for their most lucrative AI chip customers—NVIDIA, Google, Microsoft—while consumer electronics manufacturers wait in line for their quota.Micron Technology is a prime example. The U.S. memory giant announced this past Wednesday that it has secured $22 billion in long-term supply agreements—from customers \"looking to secure their memory supply.\" In the same period, Micron reported record profits.Memory manufacturers are raking in more profits, but downstream electronics makers are being squeezed.PC makers like Dell, HP, and Lenovo face the same cost pressure. While Apple has some buffer due to its supply relationships—Cook explained in April that \"existing inventory helped us absorb gross margin pressure last quarter\"—even that inventory buffer is now insufficient.More critically, this is not a simple short-term supply-demand mismatch. Based on the scale of AI data centers currently under construction and planned, the structural shift of memory capacity towards AI is unlikely to reverse before 2028. The \"chip scramble\" for consumer electronics will persist.\nThe Trillion-Dollar Gamble: A Supply Tsunami is ComingFacing unprecedented demand, memory giants are launching astronomical capacity expansions. But the problem lies precisely here—these investments are not easing anxiety; they are intensifying it.First, consider Samsung. According to South Korean media reports, Samsung Electronics is preparing to announce a 10-year investment plan exceeding 1,000 trillion won (approximately $646 billion) to expand semiconductor manufacturing capacity and advanced technology infrastructure. The number is so large it takes a few seconds to comprehend—it's equivalent to one-third of South Korea's projected 2025 GDP.Next, consider SK Hynix. On June 24, this memory giant, which recently surpassed Samsung to become South Korea's most valuable company, announced it will list via a Nasdaq ADR, aiming to raise 45.45 trillion won (about $29.4 billion). If priced as planned, this would be the second-largest equity offering in history—second only to SpaceX's $85.7 billion IPO this month, surpassing Saudi Aramco and Alibaba.SK Hynix disclosed that the proceeds would fund chip factory construction in South Korea and the procurement of ASML's extreme ultraviolet lithography machines. The ADR book-building is set to start on July 6, with trading commencing on Nasdaq on July 10.These two investments are staggering in any context—they not only demonstrate how robust AI storage demand is, but also expose a market-ignored issue: supply is chasing demand at an unprecedented pace.A hard rule of the semiconductor industry is the 2 to 3-year lag from groundbreaking to production. The trillion-won investments announced today mean a massive wave of memory capacity will hit the market in 2028-2029. If AI demand growth falls short of expectations, or if storage efficiency leaps due to technological breakthroughs, today's supply confidence could sow the seeds for tomorrow's oversupply.The memory industry has historically been cyclical: boom, investment, glut, bust. Samsung has experienced at least five complete memory cycles since the 1980s. The hallmark event of each cycle's peak has been \"unprecedented investment scale.\"\nCracks in Demand: Who's Paying for Expensive Chips?On the other side of the supply frenzy, cracks are appearing in demand.IDC's latest forecast is unsettling: the global smartphone market will see its largest-ever annual decline in 2026—close to 14%; the PC market will decline 11.3%. \"Rising memory costs are expected to put heavy pressure on device sales this year,\" IDC wrote in its report.This isn't a supply shortage issue; it's consumers not buying because prices are too high. When a laptop costs $200 to $300 more due to storage costs, and a phone costs $100 to $150 more for the same reason—not all consumers will accept it.Developments at OpenAI provide another warning signal. According to reports, OpenAI is considering delaying its planned IPO to 2027. While OpenAI cited reasons involving regulation and pricing environment, the market interprets this as another sign of an \"AI valuation bubble.\" If even OpenAI lacks confidence in the current market window, how can memory stocks, whose valuations have multiplied several times over, continue to enjoy their premium?Then there's Microsoft. The Xbox has already seen its third price hike in 2026. When the world's largest software company starts passing storage costs onto its gamers, it shows every link in this supply chain is feeling the pain.The key point is this: storage price hike → end-product price hike → consumers don't buy → sales decline → storage demand falls—this negative feedback loop is forming. Memory manufacturers are enjoying unprecedented pricing power today, but the flip side of pricing power is demand elasticity. Once a certain price threshold is crossed, demand can drop non-linearly.The market currently only sees the first stage: \"short supply → price hike → record profits.\" The second stage—\"price hike → demand destruction → cycle reversal\"—may have just begun.\nConclusion: From 'Is There Enough?' to 'Is It Too Expensive?'Apple's price hike announcement contains a telling phrase: \"We are working tirelessly to find solutions.\"This \"solution\" could involve redesigning products to lower storage specifications, encouraging a shift of non-AI memory capacity back, or adopting more efficient memory architectures in next-generation devices. Regardless of the direction, they all point to the same conclusion: device manufacturers will not sit idle waiting for memory prices to fall on their own. They will actively seek alternatives, and these alternatives will ultimately reduce demand for memory chips.For memory giants, Apple's price hike is a double-edged signal. In the short term, it validates the scarcity value of memory chips—even Apple has yielded. In the long term, it signifies the world's largest buyer has begun seeking \"decoupling.\" History has repeatedly shown that when customers start looking for alternatives, the supply chain's pricing power has already begun to weaken.On July 10, SK Hynix will ring the bell on Nasdaq. If all goes well, it will be a pinnacle moment for South Korean memory chips—simultaneously holding the titles of the world's largest market cap, highest profits, and the largest overseas fundraising in history.But peak moments can also be inflection points.When Samsung's trillion-won investment, SK Hynix's $29.4 billion fundraising, and Apple's across-the-board price hikes appear together, this picture is not telling a fairy tale of \"AI that never sleeps.\" It is reminding everyone: in the semiconductor industry, the peak of prosperity is often closest to the turning point.From \"Is there enough storage?\" to \"Is storage too expensive?\"—the market's narrative shift only required the distance of an Apple price hike.","news_type":1,"symbols_score_info":{"NVDU":0.6,"SNDU":0.6,"07388":0.6,"NVDW":0.6,"NVDY":0.6,"APLY":0.6,"AAPB":0.6,"07788":0.6,"MU":2,"NVDL":0.6,"NVDB":0.6,"MULL":0.6,"NVD":0.6,"NVDA":2,"NVDG":0.6,"MUU":0.6,"NVDO":0.6,"NVDD":0.6,"NVYY":0.6,"AAPW":0.6,"NVII":0.6,"AAPU":0.6,"AAPD":0.6,"NVDQ":0.6,"DIPS":0.6,"MUD":0.6,"NVDX":0.6,"AAPY":0.6,"NVDS":0.6,"SNDK":2,"AAPL":2,"SNXX":0.6,"ANV":0.6,"AAPX":0.6}},"isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":577870757225280,"gmtCreate":1782106651018,"gmtModify":1782106654120,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4170531311945842","authorIdStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/577870757225280","repostId":"2645011257","repostType":2,"repost":{"id":"2645011257","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1782099957,"share":"https://ttm.financial/m/news/2645011257?lang=en_US&edition=fundamental","pubTime":"2026-06-22 11:45","market":"sg","language":"en","title":"The Biggest Risks Threatening This Highflying Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2645011257","media":"Dow Jones","summary":"Corporate earnings are surging. Economic data are solid. And oil prices are tumbling in the wake of the interim U.S.-Iran peace agreement. U.S. stocks have the wind at their back and new records within reach.Yet lurching drops in some recent sessions betray investors' underlying jitters. Many note that big rallies tend to precede a slide. Once stocks have logged huge gains, the question becomes: How much further can they go?At a time of unusual optimism -- with SpaceX shares soaring into orbit and big tech companies plowing hundreds of billions of dollars into the artificial-intelligence build-out -- here are some of the biggest risks that investors are monitoring:. The S&P 500 has already delivered double-digit returns in each of the past three years and is up 9.6% this year, leaving many investors skeptical that the current pace of gains is sustainable.Optimists note the S&P 500's forward-looking price/earnings ratio has actually declined this year. That is because, as much as prices","content":"<html><head></head><body><p style=\"text-align: left;\">Corporate earnings are surging. Economic data are solid. And oil prices are tumbling in the wake of the interim U.S.-Iran peace agreement. U.S. stocks have the wind at their back and new records within reach.</p><p style=\"text-align: left;\">Yet lurching drops in some recent sessions betray investors&#39; underlying jitters. Many note that big rallies tend to precede a slide. Once stocks have logged huge gains, the question becomes: How much further can they go?</p><p style=\"text-align: left;\">At a time of unusual optimism -- with SpaceX shares soaring into orbit and big tech companies plowing hundreds of billions of dollars into the artificial-intelligence build-out -- here are some of the biggest risks that investors are monitoring:</p><p style=\"text-align: left;\"><strong>Stretched valuations</strong></p><p style=\"text-align: left;\">The S&amp;P 500 has already delivered double-digit returns in each of the past three years and is up 9.6% this year, leaving many investors skeptical that the current pace of gains is sustainable.</p><p style=\"text-align: left;\">Optimists note the S&amp;P 500&#39;s forward-looking price/earnings ratio has actually declined this year. That is because, as much as prices have climbed, expectations for corporate profits have risen even more.</p><p style=\"text-align: left;\">But stock valuations still look very stretched when measured against the effectively risk-free return that investors can get by holding U.S. Treasurys to maturity.</p><p style=\"text-align: left;\">This can be seen in the narrow gap between the S&amp;P 500&#39;s earnings yield -- the inverse of its P/E ratio, expressed as a percentage -- and the yield on 10-year U.S. Treasurys. The so-called excess CAPE yield -- a measure of that gap that accounts for inflation -- is sitting around 1.3%, near its lowest level of the past decade. Unless bond yields fall, many believe that could prove to be a headwind for stocks.</p><p style=\"text-align: left;\"><strong>Higher rates</strong></p><p style=\"text-align: left;\">One key reason bond yields climbed this spring was the war-fueled surge in energy prices, which caused investors to increase bets that the Federal Reserve would raise interest rates this year. Now that energy prices are falling again, some expect yields to follow suit.</p><p style=\"text-align: left;\">Yields, though, have retreated only marginally since the interim peace agreement was reached. With inflation comfortably above the Fed&#39;s 2% target and moving higher in recent months, many investors are hesitant to get too excited about what a drop in oil prices could mean.</p><p style=\"text-align: left;\">Investors also intensified bets on rate increases after last week&#39;s Fed meeting led by new Chairman Kevin Warsh, who expressed more concern about inflation than many had anticipated.</p><p style=\"text-align: left;\">Though appointed by President Trump, who has pressured the Fed to lower rates, Warsh talked repeatedly at a postmeeting press conference about the committee&#39;s &#34;unanimous and unambiguous&#34; commitment to price stability.</p><p style=\"text-align: left;\"><strong>AI jitters</strong></p><p style=\"text-align: left;\">Even if the Fed does raise rates, some investors believe that it would hardly slow a market propelled by the historic AI build-out.</p><p style=\"text-align: left;\">Spending on data centers and other AI infrastructure this year by just four big tech companies is expected to total more than $670 billion -- a larger investment as a share of the economy than the railroad expansion of the 1850s.</p><p style=\"text-align: left;\">Still, questions linger about the foundations of that investment boom. In recent months, many investors were excited by the news that the AI startup Anthropic was poised to turn a quarterly profit ahead of expectations -- a sign that the financial rewards of running AI models outweighed their hefty costs.</p><p style=\"text-align: left;\">However, that news was followed quickly by a Wall Street Journal report that Anthropic&#39;s competitor OpenAI is considering drastic price cuts, ahead of similar reductions that the company expects at Anthropic, as businesses balk at the expense of AI usage.</p><p style=\"text-align: left;\">Whatever the potential cause, many investors see a pullback in AI-infrastructure investment as the biggest threat to stocks, given its importance to both corporate profits and economic growth.</p><p style=\"text-align: left;\">&#34;Once you spend one to two percent of GDP on something like AI, if it ever declines, that&#39;s just going to ripple through the economy,&#34; said Michael Antonelli, managing director at Baird.</p><p style=\"text-align: left;\"><strong>Stock supply</strong></p><p style=\"text-align: left;\">One result of the AI-driven stock rally has been a big uptick in equity issuance, with companies that need cash to fund AI investments taking advantage of the opportunity to sell shares at high prices.</p><p style=\"text-align: left;\">Accounting for both stock sales and retirements, net equity issuance by nonfinancial companies turned positive in the first quarter of this year for the first time since 2021, according to Fed data. That was even before SpaceX raised $86 billion in its initial public offering this month and Alphabet announced plans to raise $85 billion with its own equity offering.</p><p style=\"text-align: left;\">So far, investors have managed to absorb this influx of stock supply. But the trend has still raised concerns, given that net equity supply also turned positive not long before previous stock selloffs in 2000 and 2022.</p><p style=\"text-align: left;\">Surging equity sales could both be a symptom of a rally in its final stages and a cause of its undoing, with the supply of shares eventually testing investors&#39; demand, said Joe Maher, markets economist at Capital Economics.</p><p style=\"text-align: left;\">Positive net equity issuance was likely not a major factor in previous stock bubbles bursting, but &#34;I think you can argue that it was possibly a contributing factor,&#34; he said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Biggest Risks Threatening This Highflying Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Biggest Risks Threatening This Highflying Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-22 11:45</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Corporate earnings are surging. Economic data are solid. And oil prices are tumbling in the wake of the interim U.S.-Iran peace agreement. U.S. stocks have the wind at their back and new records within reach.</p><p style=\"text-align: left;\">Yet lurching drops in some recent sessions betray investors&#39; underlying jitters. Many note that big rallies tend to precede a slide. Once stocks have logged huge gains, the question becomes: How much further can they go?</p><p style=\"text-align: left;\">At a time of unusual optimism -- with SpaceX shares soaring into orbit and big tech companies plowing hundreds of billions of dollars into the artificial-intelligence build-out -- here are some of the biggest risks that investors are monitoring:</p><p style=\"text-align: left;\"><strong>Stretched valuations</strong></p><p style=\"text-align: left;\">The S&amp;P 500 has already delivered double-digit returns in each of the past three years and is up 9.6% this year, leaving many investors skeptical that the current pace of gains is sustainable.</p><p style=\"text-align: left;\">Optimists note the S&amp;P 500&#39;s forward-looking price/earnings ratio has actually declined this year. That is because, as much as prices have climbed, expectations for corporate profits have risen even more.</p><p style=\"text-align: left;\">But stock valuations still look very stretched when measured against the effectively risk-free return that investors can get by holding U.S. Treasurys to maturity.</p><p style=\"text-align: left;\">This can be seen in the narrow gap between the S&amp;P 500&#39;s earnings yield -- the inverse of its P/E ratio, expressed as a percentage -- and the yield on 10-year U.S. Treasurys. The so-called excess CAPE yield -- a measure of that gap that accounts for inflation -- is sitting around 1.3%, near its lowest level of the past decade. Unless bond yields fall, many believe that could prove to be a headwind for stocks.</p><p style=\"text-align: left;\"><strong>Higher rates</strong></p><p style=\"text-align: left;\">One key reason bond yields climbed this spring was the war-fueled surge in energy prices, which caused investors to increase bets that the Federal Reserve would raise interest rates this year. Now that energy prices are falling again, some expect yields to follow suit.</p><p style=\"text-align: left;\">Yields, though, have retreated only marginally since the interim peace agreement was reached. With inflation comfortably above the Fed&#39;s 2% target and moving higher in recent months, many investors are hesitant to get too excited about what a drop in oil prices could mean.</p><p style=\"text-align: left;\">Investors also intensified bets on rate increases after last week&#39;s Fed meeting led by new Chairman Kevin Warsh, who expressed more concern about inflation than many had anticipated.</p><p style=\"text-align: left;\">Though appointed by President Trump, who has pressured the Fed to lower rates, Warsh talked repeatedly at a postmeeting press conference about the committee&#39;s &#34;unanimous and unambiguous&#34; commitment to price stability.</p><p style=\"text-align: left;\"><strong>AI jitters</strong></p><p style=\"text-align: left;\">Even if the Fed does raise rates, some investors believe that it would hardly slow a market propelled by the historic AI build-out.</p><p style=\"text-align: left;\">Spending on data centers and other AI infrastructure this year by just four big tech companies is expected to total more than $670 billion -- a larger investment as a share of the economy than the railroad expansion of the 1850s.</p><p style=\"text-align: left;\">Still, questions linger about the foundations of that investment boom. In recent months, many investors were excited by the news that the AI startup Anthropic was poised to turn a quarterly profit ahead of expectations -- a sign that the financial rewards of running AI models outweighed their hefty costs.</p><p style=\"text-align: left;\">However, that news was followed quickly by a Wall Street Journal report that Anthropic&#39;s competitor OpenAI is considering drastic price cuts, ahead of similar reductions that the company expects at Anthropic, as businesses balk at the expense of AI usage.</p><p style=\"text-align: left;\">Whatever the potential cause, many investors see a pullback in AI-infrastructure investment as the biggest threat to stocks, given its importance to both corporate profits and economic growth.</p><p style=\"text-align: left;\">&#34;Once you spend one to two percent of GDP on something like AI, if it ever declines, that&#39;s just going to ripple through the economy,&#34; said Michael Antonelli, managing director at Baird.</p><p style=\"text-align: left;\"><strong>Stock supply</strong></p><p style=\"text-align: left;\">One result of the AI-driven stock rally has been a big uptick in equity issuance, with companies that need cash to fund AI investments taking advantage of the opportunity to sell shares at high prices.</p><p style=\"text-align: left;\">Accounting for both stock sales and retirements, net equity issuance by nonfinancial companies turned positive in the first quarter of this year for the first time since 2021, according to Fed data. That was even before SpaceX raised $86 billion in its initial public offering this month and Alphabet announced plans to raise $85 billion with its own equity offering.</p><p style=\"text-align: left;\">So far, investors have managed to absorb this influx of stock supply. But the trend has still raised concerns, given that net equity supply also turned positive not long before previous stock selloffs in 2000 and 2022.</p><p style=\"text-align: left;\">Surging equity sales could both be a symptom of a rally in its final stages and a cause of its undoing, with the supply of shares eventually testing investors&#39; demand, said Joe Maher, markets economist at Capital Economics.</p><p style=\"text-align: left;\">Positive net equity issuance was likely not a major factor in previous stock bubbles bursting, but &#34;I think you can argue that it was possibly a contributing factor,&#34; he said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPXU":"三倍做空标普500ETF-ProShares","SPDN":"Direxion Daily S&P 500 Bear 1X Shares","AGIX":"通用人工智能 ETF-AGIX","SPYQ":"2倍做多SPY Quarterly ETF-Tradr","DDM":"2倍做多道指ETF-ProShares","DOG":"道指ETF-ProShares做空","UPRO":"三倍做多标普500ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","TLT":"20+年以上美国国债ETF-iShares","SPY":"标普500ETF","AIPO":"Defiance AI and Power Infrastructure ETF","MMAX":"iShares Large Cap Max Buffer Mar ETF","SPYU":"MAX S&P 500 4X Leveraged ETN","SDOW":"三倍做空道指30ETF-ProShares",".DJI":"道琼斯","SMAX":"ISHARES LARGE CAP MAX BUFFER SEP ETF","HIBL":"Direxion Daily S&P 500 High Beta Bull 3X Shares","SDS":"两倍做空标普500 ETF-ProShares",".IXIC":"NASDAQ Composite","DIA":"道琼斯ETF","CHAT":"ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF","IVV":"标普500ETF-iShares","SSO":"2倍做多标普500ETF-ProShares",".SPX":"S&P 500 Index","SH":"做空标普500-Proshares","YSPY":"GraniteShares YieldBOOST SPY ETF","SPXL":"三倍做多标普500ETF-Direxion","ARTY":"ISHARES FUTURE AI & TECH ETF","VOO":"Vanguard标普500ETF","SPYH":"Neos S&P 500 Hedged Equity Income ETF","SPXS":"三倍做空标普500ETF-Direxion","DMAX":"ISHARES LARGE CAP MAX BUFFER DEC ETF","SPUU":"Direxion Daily S&P 500 Bull 2x Shares","DXD":"两倍做空道琼30指数ETF-ProShares","SPYM":"投资组合标普500指数ETF-SPDR"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2645011257","content_text":"Corporate earnings are surging. Economic data are solid. And oil prices are tumbling in the wake of the interim U.S.-Iran peace agreement. U.S. stocks have the wind at their back and new records within reach.Yet lurching drops in some recent sessions betray investors' underlying jitters. Many note that big rallies tend to precede a slide. Once stocks have logged huge gains, the question becomes: How much further can they go?At a time of unusual optimism -- with SpaceX shares soaring into orbit and big tech companies plowing hundreds of billions of dollars into the artificial-intelligence build-out -- here are some of the biggest risks that investors are monitoring:Stretched valuationsThe S&P 500 has already delivered double-digit returns in each of the past three years and is up 9.6% this year, leaving many investors skeptical that the current pace of gains is sustainable.Optimists note the S&P 500's forward-looking price/earnings ratio has actually declined this year. That is because, as much as prices have climbed, expectations for corporate profits have risen even more.But stock valuations still look very stretched when measured against the effectively risk-free return that investors can get by holding U.S. Treasurys to maturity.This can be seen in the narrow gap between the S&P 500's earnings yield -- the inverse of its P/E ratio, expressed as a percentage -- and the yield on 10-year U.S. Treasurys. The so-called excess CAPE yield -- a measure of that gap that accounts for inflation -- is sitting around 1.3%, near its lowest level of the past decade. Unless bond yields fall, many believe that could prove to be a headwind for stocks.Higher ratesOne key reason bond yields climbed this spring was the war-fueled surge in energy prices, which caused investors to increase bets that the Federal Reserve would raise interest rates this year. Now that energy prices are falling again, some expect yields to follow suit.Yields, though, have retreated only marginally since the interim peace agreement was reached. With inflation comfortably above the Fed's 2% target and moving higher in recent months, many investors are hesitant to get too excited about what a drop in oil prices could mean.Investors also intensified bets on rate increases after last week's Fed meeting led by new Chairman Kevin Warsh, who expressed more concern about inflation than many had anticipated.Though appointed by President Trump, who has pressured the Fed to lower rates, Warsh talked repeatedly at a postmeeting press conference about the committee's \"unanimous and unambiguous\" commitment to price stability.AI jittersEven if the Fed does raise rates, some investors believe that it would hardly slow a market propelled by the historic AI build-out.Spending on data centers and other AI infrastructure this year by just four big tech companies is expected to total more than $670 billion -- a larger investment as a share of the economy than the railroad expansion of the 1850s.Still, questions linger about the foundations of that investment boom. In recent months, many investors were excited by the news that the AI startup Anthropic was poised to turn a quarterly profit ahead of expectations -- a sign that the financial rewards of running AI models outweighed their hefty costs.However, that news was followed quickly by a Wall Street Journal report that Anthropic's competitor OpenAI is considering drastic price cuts, ahead of similar reductions that the company expects at Anthropic, as businesses balk at the expense of AI usage.Whatever the potential cause, many investors see a pullback in AI-infrastructure investment as the biggest threat to stocks, given its importance to both corporate profits and economic growth.\"Once you spend one to two percent of GDP on something like AI, if it ever declines, that's just going to ripple through the economy,\" said Michael Antonelli, managing director at Baird.Stock supplyOne result of the AI-driven stock rally has been a big uptick in equity issuance, with companies that need cash to fund AI investments taking advantage of the opportunity to sell shares at high prices.Accounting for both stock sales and retirements, net equity issuance by nonfinancial companies turned positive in the first quarter of this year for the first time since 2021, according to Fed data. That was even before SpaceX raised $86 billion in its initial public offering this month and Alphabet announced plans to raise $85 billion with its own equity offering.So far, investors have managed to absorb this influx of stock supply. But the trend has still raised concerns, given that net equity supply also turned positive not long before previous stock selloffs in 2000 and 2022.Surging equity sales could both be a symptom of a rally in its final stages and a cause of its undoing, with the supply of shares eventually testing investors' demand, said Joe Maher, markets economist at Capital Economics.Positive net equity issuance was likely not a major factor in previous stock bubbles bursting, but \"I think you can argue that it was possibly a contributing factor,\" he said.","news_type":1,"symbols_score_info":{"SMAX":0.6,".SPX":2,"VOO":0.6,"ARTY":0.9,"DIA":0.6,"US3Y.BOND":0.88,"US7Y.BOND":0.88,"DDM":0.6,"DOG":0.6,"US5Y.BOND":0.88,"US10Y.BOND":0.88,"US2Y.BOND":0.88,"SPYQ":0.6,"US12M.BOND":0.88,"YSPY":0.6,"SPXL":0.6,"SPXU":0.6,"UPRO":0.6,"SPYM":0.6,"US6M.BOND":0.88,"AIPO":0.9,".IXIC":2,"MMAX":0.6,"SH":0.6,"TLT":0.6,"SDS":0.6,"US30Y.BOND":0.88,"SPDN":0.6,"HIBL":0.6,"DXD":0.6,"SPXS":0.6,".DJI":2,"SPUU":0.6,"UDOW":0.6,"IVV":0.6,"DMAX":0.6,"CHAT":0.9,"SDOW":0.6,"SPYU":0.6,"AGIX":0.9,"SSO":0.6,"SPY":0.6,"SPYH":0.6}},"isVote":1,"tweetType":1,"viewCount":485,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":577549541303360,"gmtCreate":1782028284581,"gmtModify":1782028287570,"author":{"id":"4170531311945842","authorId":"4170531311945842","name":"Tortor","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4170531311945842","authorIdStr":"4170531311945842"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/577549541303360","repostId":"2645209479","repostType":2,"repost":{"id":"2645209479","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1782021600,"share":"https://ttm.financial/m/news/2645209479?lang=en_US&edition=fundamental","pubTime":"2026-06-21 14:00","market":"us","language":"en","title":"The Next Hot Quantum Stock Is An AI Data-Center Play, Too","url":"https://stock-news.laohu8.com/highlight/detail?id=2645209479","media":"Dow Jones","summary":"IQM, already a European leader in quantum computing, is on the verge of its biggest milestone yet.But first the Finnish quantum firm must pass a crucial test at the end of the month, when Real Asset Acquisition Corp. shareholders decide whether to approve a merger with IQM. If it passes, the combined company will trade on the Nasdaq in New York and Helsinki under the ticker IQMX, marking the first time a European quantum firm has listed on a major U.S. exchange.\"The ultimate goal is to build a sustainable, healthy, growing business which stands on its own feet, but there's still some steps in between,\" IQM CEO Jan Goetz said in an interview with Barron's.Growth relies heavily on a company's ability to secure fresh funding. Building and scaling physical quantum computers is an extremely capital-intensive business, meaning a dominant market position doesn't automatically translate to profitability.\"It's an interesting development because in Europe, we've always had this,\" Goetz said. In ","content":"<html><head></head><body><p style=\"text-align: left;\">IQM, already a European leader in quantum computing, is on the verge of its biggest milestone yet.</p><p style=\"text-align: left;\">But first the Finnish quantum firm must pass a crucial test at the end of the month, when <a href=\"https://laohu8.com/S/RAAQU\">Real Asset Acquisition Corp.</a> shareholders decide whether to approve a merger with IQM. If it passes, the combined company will trade on the Nasdaq in New York and Helsinki under the ticker IQMX, marking the first time a European quantum firm has listed on a major U.S. exchange.</p><p style=\"text-align: left;\">&#34;The ultimate goal is to build a sustainable, healthy, growing business which stands on its own feet, but there&#39;s still some steps in between,&#34; IQM CEO Jan Goetz said in an interview with Barron&#39;s.</p><p style=\"text-align: left;\">Growth relies heavily on a company&#39;s ability to secure fresh funding. Building and scaling physical quantum computers is an extremely capital-intensive business, meaning a dominant market position doesn&#39;t automatically translate to profitability.</p><p style=\"text-align: left;\">IQM is an undisputed leader in on-premises system sales for gate-based machines, with 23 sold to date. That puts the firm ahead of <a href=\"https://laohu8.com/S/IBM\">IBM</a>, whose massive fleet of quantum computers is primarily accessible only over the cloud.</p><p style=\"text-align: left;\">The next frontier is the data-center market, where IQM has already started making sales. In April, Poland&#39;s Galaxy Systemy Informatyczne became the first private company to purchase an IQM computer.</p><p style=\"text-align: left;\">&#34;It&#39;s about the price of operation, which basically means the electricity bill in the end,&#34; Goetz explained. &#34;For a data center, you buy machines in the beginning -- this is where you invest -- but then most of the costs come from the electricity bill down the line.&#34;</p><p style=\"text-align: left;\">He believes pairing IQM&#39;s superconducting quantum technology with classical processors will not only speed up the time to solution, but cut power consumption through greater efficiency. In the long term, quantum systems are expected to live alongside classical processors in data centers to solve complex problems in tandem.</p><p style=\"text-align: left;\">While IQM has experienced early success, the ecosystem is still taking shape. Like other pure plays, or companies focusing their efforts solely on quantum, IQM has yet to turn a yearly profit and continues to burn through cash.</p><p style=\"text-align: left;\">To offset these losses, IQM is leaning on a familiar quantum-sector playbook: a blank-check merger, which usually guarantees a faster route to the public market and much-needed capital.</p><p style=\"text-align: left;\">Beyond raising capital, listing on the Nasdaq is IQM&#39;s play for a U.S. presence. It&#39;s a timely expansion, following a $2 billion federal injection into the domestic quantum sector -- a push so aggressive it even saw the U.S. government taking direct equity stakes in smaller developers.</p><p style=\"text-align: left;\">&#34;It&#39;s an interesting development because in Europe, we&#39;ve always had this,&#34; Goetz said. In IQM&#39;s case, &#34;we already have governments on the cap table. We have the European Commission, we have the Finnish government, we have the German government.&#34;</p><p style=\"text-align: left;\">Goetz ultimately welcomes the shift in policy.</p><p style=\"text-align: left;\">&#34;Overall, I think it shows the strategic importance of the technology,&#34; he said. &#34;Government engagement like this shows that even at the highest level, there&#39;s trust this technology will deliver.&#34;</p><p style=\"text-align: left;\">Finland is easily overshadowed by the U.S. and China in the global quantum race. Beijing even designated the technology as a national priority in its latest Five-Year Plan, aiming to make quantum computers widely available by 2030.</p><p style=\"text-align: left;\">But the Nordic country has taken significant steps to further the development of quantum systems. Goetz noted that when the Finnish president visited the White House in October, quantum technology was at the very top of the agenda.</p><p style=\"text-align: left;\">In a way, IQM -- which spun out of two federally backed institutions, Finland&#39;s Aalto University and VTT Technical Research Centre -- has become a flag-bearer for European deep-tech funding.</p><p style=\"text-align: left;\">That reputation is about to be tested in the U.S. market, where the company can already lean on a roster of supportive customers. Instead of just renting cloud access, IQM sells physical hardware directly to research institutions. One notable customer is Germany&#39;s Jülich Supercomputing Centre, which separately purchased a D-Wave Advantage System last year.</p><p style=\"text-align: left;\">The focus on rigorous, lab-validated hardware stems from the founders&#39; own backgrounds. Goetz, a physicist by trade, was working as a researcher at Aalto University when he and three colleagues ultimately decided to spin out a company, having realized that university labs lacked the infrastructure to scale their systems.</p><p style=\"text-align: left;\">&#34;This was really driven by scientists,&#34; Goetz explained. &#34;And we were just distributing roles based on what we thought everyone&#39;s strengths were. My role was supposed to be the CEO, since I did a lot of lab management.&#34;</p><p style=\"text-align: left;\">Eight years later, IQM is at an inflection point. The market debut will be daring: On the surface, IQM risks being drowned out by building the same superconducting quantum architecture championed by much larger, deeply entrenched rivals like IBM and Alphabet&#39;s Google.</p><p style=\"text-align: left;\">Goetz, however, views the competitive landscape through a much longer lens.</p><p style=\"text-align: left;\">&#34;It&#39;s a marathon, not a sprint, that will go on for decades,&#34; he said. &#34;The question is who has the firepower, but also the breadth to do it for the long fun. This means we need to advance the technology -- the whole community needs to advance the technology.&#34;</p><p style=\"text-align: left;\">The CEO likened the current competitive landscape to the market for high-performance computing, which is dominated by several names: Lenovo, <a href=\"https://laohu8.com/S/DELL\">Dell</a>, HP, and the like.</p><p style=\"text-align: left;\">&#34;It&#39;s not a winner-takes-all game, right? This is not how compute works, &#34; Goetz said. &#34;And this is the base assumption we also take for quantum, so there may be a handful of leading players. And our goal and the vision, obviously, is to be one of those globally leading players.&#34;</p><p style=\"text-align: left;\">A rising tide may lift all boats, but Goetz expects the race to produce some surprising winners.</p><p style=\"text-align: left;\">&#34;It may not be the scientifically best technology, but it will be the technology that customers choose,&#34; he said.</p><p style=\"text-align: left;\">All signs point to Real Asset Acquisition shareholders approving the transaction next week. Institutional investors have shown confidence in the deal; in June, strong demand pushed the private investment in public equity commitment to $146 million from an original $134 million.</p><p style=\"text-align: left;\">To capitalize on this buzz, IQM hosted its inaugural Capital Markets Day in New York on June 15, showcasing its industry clout alongside partners <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> and <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> Web Services.</p><p style=\"text-align: left;\">In a market where anyone can be a winner, don&#39;t count IQM out. By running its own race, this Nordic flag-bearer might just provide the quantum computing sector with its next great surprise.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Next Hot Quantum Stock Is An AI Data-Center Play, Too</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Next Hot Quantum Stock Is An AI Data-Center Play, Too\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-21 14:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">IQM, already a European leader in quantum computing, is on the verge of its biggest milestone yet.</p><p style=\"text-align: left;\">But first the Finnish quantum firm must pass a crucial test at the end of the month, when <a href=\"https://laohu8.com/S/RAAQU\">Real Asset Acquisition Corp.</a> shareholders decide whether to approve a merger with IQM. If it passes, the combined company will trade on the Nasdaq in New York and Helsinki under the ticker IQMX, marking the first time a European quantum firm has listed on a major U.S. exchange.</p><p style=\"text-align: left;\">&#34;The ultimate goal is to build a sustainable, healthy, growing business which stands on its own feet, but there&#39;s still some steps in between,&#34; IQM CEO Jan Goetz said in an interview with Barron&#39;s.</p><p style=\"text-align: left;\">Growth relies heavily on a company&#39;s ability to secure fresh funding. Building and scaling physical quantum computers is an extremely capital-intensive business, meaning a dominant market position doesn&#39;t automatically translate to profitability.</p><p style=\"text-align: left;\">IQM is an undisputed leader in on-premises system sales for gate-based machines, with 23 sold to date. That puts the firm ahead of <a href=\"https://laohu8.com/S/IBM\">IBM</a>, whose massive fleet of quantum computers is primarily accessible only over the cloud.</p><p style=\"text-align: left;\">The next frontier is the data-center market, where IQM has already started making sales. In April, Poland&#39;s Galaxy Systemy Informatyczne became the first private company to purchase an IQM computer.</p><p style=\"text-align: left;\">&#34;It&#39;s about the price of operation, which basically means the electricity bill in the end,&#34; Goetz explained. &#34;For a data center, you buy machines in the beginning -- this is where you invest -- but then most of the costs come from the electricity bill down the line.&#34;</p><p style=\"text-align: left;\">He believes pairing IQM&#39;s superconducting quantum technology with classical processors will not only speed up the time to solution, but cut power consumption through greater efficiency. In the long term, quantum systems are expected to live alongside classical processors in data centers to solve complex problems in tandem.</p><p style=\"text-align: left;\">While IQM has experienced early success, the ecosystem is still taking shape. Like other pure plays, or companies focusing their efforts solely on quantum, IQM has yet to turn a yearly profit and continues to burn through cash.</p><p style=\"text-align: left;\">To offset these losses, IQM is leaning on a familiar quantum-sector playbook: a blank-check merger, which usually guarantees a faster route to the public market and much-needed capital.</p><p style=\"text-align: left;\">Beyond raising capital, listing on the Nasdaq is IQM&#39;s play for a U.S. presence. It&#39;s a timely expansion, following a $2 billion federal injection into the domestic quantum sector -- a push so aggressive it even saw the U.S. government taking direct equity stakes in smaller developers.</p><p style=\"text-align: left;\">&#34;It&#39;s an interesting development because in Europe, we&#39;ve always had this,&#34; Goetz said. In IQM&#39;s case, &#34;we already have governments on the cap table. We have the European Commission, we have the Finnish government, we have the German government.&#34;</p><p style=\"text-align: left;\">Goetz ultimately welcomes the shift in policy.</p><p style=\"text-align: left;\">&#34;Overall, I think it shows the strategic importance of the technology,&#34; he said. &#34;Government engagement like this shows that even at the highest level, there&#39;s trust this technology will deliver.&#34;</p><p style=\"text-align: left;\">Finland is easily overshadowed by the U.S. and China in the global quantum race. Beijing even designated the technology as a national priority in its latest Five-Year Plan, aiming to make quantum computers widely available by 2030.</p><p style=\"text-align: left;\">But the Nordic country has taken significant steps to further the development of quantum systems. Goetz noted that when the Finnish president visited the White House in October, quantum technology was at the very top of the agenda.</p><p style=\"text-align: left;\">In a way, IQM -- which spun out of two federally backed institutions, Finland&#39;s Aalto University and VTT Technical Research Centre -- has become a flag-bearer for European deep-tech funding.</p><p style=\"text-align: left;\">That reputation is about to be tested in the U.S. market, where the company can already lean on a roster of supportive customers. Instead of just renting cloud access, IQM sells physical hardware directly to research institutions. One notable customer is Germany&#39;s Jülich Supercomputing Centre, which separately purchased a D-Wave Advantage System last year.</p><p style=\"text-align: left;\">The focus on rigorous, lab-validated hardware stems from the founders&#39; own backgrounds. Goetz, a physicist by trade, was working as a researcher at Aalto University when he and three colleagues ultimately decided to spin out a company, having realized that university labs lacked the infrastructure to scale their systems.</p><p style=\"text-align: left;\">&#34;This was really driven by scientists,&#34; Goetz explained. &#34;And we were just distributing roles based on what we thought everyone&#39;s strengths were. My role was supposed to be the CEO, since I did a lot of lab management.&#34;</p><p style=\"text-align: left;\">Eight years later, IQM is at an inflection point. The market debut will be daring: On the surface, IQM risks being drowned out by building the same superconducting quantum architecture championed by much larger, deeply entrenched rivals like IBM and Alphabet&#39;s Google.</p><p style=\"text-align: left;\">Goetz, however, views the competitive landscape through a much longer lens.</p><p style=\"text-align: left;\">&#34;It&#39;s a marathon, not a sprint, that will go on for decades,&#34; he said. &#34;The question is who has the firepower, but also the breadth to do it for the long fun. This means we need to advance the technology -- the whole community needs to advance the technology.&#34;</p><p style=\"text-align: left;\">The CEO likened the current competitive landscape to the market for high-performance computing, which is dominated by several names: Lenovo, <a href=\"https://laohu8.com/S/DELL\">Dell</a>, HP, and the like.</p><p style=\"text-align: left;\">&#34;It&#39;s not a winner-takes-all game, right? This is not how compute works, &#34; Goetz said. &#34;And this is the base assumption we also take for quantum, so there may be a handful of leading players. And our goal and the vision, obviously, is to be one of those globally leading players.&#34;</p><p style=\"text-align: left;\">A rising tide may lift all boats, but Goetz expects the race to produce some surprising winners.</p><p style=\"text-align: left;\">&#34;It may not be the scientifically best technology, but it will be the technology that customers choose,&#34; he said.</p><p style=\"text-align: left;\">All signs point to Real Asset Acquisition shareholders approving the transaction next week. Institutional investors have shown confidence in the deal; in June, strong demand pushed the private investment in public equity commitment to $146 million from an original $134 million.</p><p style=\"text-align: left;\">To capitalize on this buzz, IQM hosted its inaugural Capital Markets Day in New York on June 15, showcasing its industry clout alongside partners <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> and <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> Web Services.</p><p style=\"text-align: left;\">In a market where anyone can be a winner, don&#39;t count IQM out. By running its own race, this Nordic flag-bearer might just provide the quantum computing sector with its next great surprise.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IQM":"Franklin Intelligent Machines ETF"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2645209479","content_text":"IQM, already a European leader in quantum computing, is on the verge of its biggest milestone yet.But first the Finnish quantum firm must pass a crucial test at the end of the month, when Real Asset Acquisition Corp. shareholders decide whether to approve a merger with IQM. If it passes, the combined company will trade on the Nasdaq in New York and Helsinki under the ticker IQMX, marking the first time a European quantum firm has listed on a major U.S. exchange.\"The ultimate goal is to build a sustainable, healthy, growing business which stands on its own feet, but there's still some steps in between,\" IQM CEO Jan Goetz said in an interview with Barron's.Growth relies heavily on a company's ability to secure fresh funding. Building and scaling physical quantum computers is an extremely capital-intensive business, meaning a dominant market position doesn't automatically translate to profitability.IQM is an undisputed leader in on-premises system sales for gate-based machines, with 23 sold to date. That puts the firm ahead of IBM, whose massive fleet of quantum computers is primarily accessible only over the cloud.The next frontier is the data-center market, where IQM has already started making sales. In April, Poland's Galaxy Systemy Informatyczne became the first private company to purchase an IQM computer.\"It's about the price of operation, which basically means the electricity bill in the end,\" Goetz explained. \"For a data center, you buy machines in the beginning -- this is where you invest -- but then most of the costs come from the electricity bill down the line.\"He believes pairing IQM's superconducting quantum technology with classical processors will not only speed up the time to solution, but cut power consumption through greater efficiency. In the long term, quantum systems are expected to live alongside classical processors in data centers to solve complex problems in tandem.While IQM has experienced early success, the ecosystem is still taking shape. Like other pure plays, or companies focusing their efforts solely on quantum, IQM has yet to turn a yearly profit and continues to burn through cash.To offset these losses, IQM is leaning on a familiar quantum-sector playbook: a blank-check merger, which usually guarantees a faster route to the public market and much-needed capital.Beyond raising capital, listing on the Nasdaq is IQM's play for a U.S. presence. It's a timely expansion, following a $2 billion federal injection into the domestic quantum sector -- a push so aggressive it even saw the U.S. government taking direct equity stakes in smaller developers.\"It's an interesting development because in Europe, we've always had this,\" Goetz said. In IQM's case, \"we already have governments on the cap table. We have the European Commission, we have the Finnish government, we have the German government.\"Goetz ultimately welcomes the shift in policy.\"Overall, I think it shows the strategic importance of the technology,\" he said. \"Government engagement like this shows that even at the highest level, there's trust this technology will deliver.\"Finland is easily overshadowed by the U.S. and China in the global quantum race. Beijing even designated the technology as a national priority in its latest Five-Year Plan, aiming to make quantum computers widely available by 2030.But the Nordic country has taken significant steps to further the development of quantum systems. Goetz noted that when the Finnish president visited the White House in October, quantum technology was at the very top of the agenda.In a way, IQM -- which spun out of two federally backed institutions, Finland's Aalto University and VTT Technical Research Centre -- has become a flag-bearer for European deep-tech funding.That reputation is about to be tested in the U.S. market, where the company can already lean on a roster of supportive customers. Instead of just renting cloud access, IQM sells physical hardware directly to research institutions. One notable customer is Germany's Jülich Supercomputing Centre, which separately purchased a D-Wave Advantage System last year.The focus on rigorous, lab-validated hardware stems from the founders' own backgrounds. Goetz, a physicist by trade, was working as a researcher at Aalto University when he and three colleagues ultimately decided to spin out a company, having realized that university labs lacked the infrastructure to scale their systems.\"This was really driven by scientists,\" Goetz explained. \"And we were just distributing roles based on what we thought everyone's strengths were. My role was supposed to be the CEO, since I did a lot of lab management.\"Eight years later, IQM is at an inflection point. The market debut will be daring: On the surface, IQM risks being drowned out by building the same superconducting quantum architecture championed by much larger, deeply entrenched rivals like IBM and Alphabet's Google.Goetz, however, views the competitive landscape through a much longer lens.\"It's a marathon, not a sprint, that will go on for decades,\" he said. \"The question is who has the firepower, but also the breadth to do it for the long fun. This means we need to advance the technology -- the whole community needs to advance the technology.\"The CEO likened the current competitive landscape to the market for high-performance computing, which is dominated by several names: Lenovo, Dell, HP, and the like.\"It's not a winner-takes-all game, right? This is not how compute works, \" Goetz said. \"And this is the base assumption we also take for quantum, so there may be a handful of leading players. And our goal and the vision, obviously, is to be one of those globally leading players.\"A rising tide may lift all boats, but Goetz expects the race to produce some surprising winners.\"It may not be the scientifically best technology, but it will be the technology that customers choose,\" he said.All signs point to Real Asset Acquisition shareholders approving the transaction next week. Institutional investors have shown confidence in the deal; in June, strong demand pushed the private investment in public equity commitment to $146 million from an original $134 million.To capitalize on this buzz, IQM hosted its inaugural Capital Markets Day in New York on June 15, showcasing its industry clout alongside partners Nvidia and Amazon Web Services.In a market where anyone can be a winner, don't count IQM out. By running its own race, this Nordic flag-bearer might just provide the quantum computing sector with its next great surprise.","news_type":1,"symbols_score_info":{"IQM":1.87}},"isVote":1,"tweetType":1,"viewCount":583,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}