Breakfast | June 25, 2026High Oil Prices Erode US Consumer Purchasing Power; Amazon Prime Day Starts Softly with 16% Drop in Household SpendingThe National Transportation Safety Board is investigating a fatal Tesla crashFed Stress Test: 32 Banks Can Withstand $708 Billion in Losses, but Results No Longer Affect Capital RequirementsStandard Chartered: US economic "exceptionalism" may support a stronger dollarJune 25th External Market Headlines: Micron Technology's stock price surged, revenue quadrupled, two AI experts from Google joined Anthropic, and major U.S. banks passed stress testsMicron: Expects Memory Chip Supply Shortages to Persist Beyond Fiscal 2027, With Gradual Improvement in 2028. Still "Cannot See" When Supply Will Catch Up with DemandTop 20 U.S. stock trading volumes on June 25: Micron Technology surged after hours with revenue quadrupling and gross margin jumping to nearly 85%On June 25th, most popular Chinese concept stocks fell, with Alibaba, Baidu, and JD.com dropping over 2%, and NetEase and Youdao falling over 8%Micron Tech forecasts Q4 adjusted revenue of $49 billion to $51 billion, beating analyst estimates of $43.24 billion; Q3 adjusted gross margin hits 84.9%, above the expected 81.9%Qualcomm secures Meta data center processor order, achieving breakthrough in AI hardware businessQualcomm: To Launch Data Center CPU in Mid-2028Two More Key Google AI Employees May Depart for AnthropicJP Morgan lowers Tesla's second-quarter vehicle delivery forecastBitcoin Falls About 5% to $59,023.10, Hitting Lowest Level Since October 2024; Retail Investor Exodus Exposes New Market VulnerabilitiesAmerican Express Keeps Saying the Affluent Consumer Is Fine. Should Investors Trust It?After Google entered the Dow Jones, the style of the Dow Jones is increasingly approaching that of the NASDAQAdobe: Amazon Prime Day helps create the largest online shopping day of the year so farApple's collaboration with Intel on chips is strategically logical, but mass production is still years awayShould You Forget Tesla and Buy SpaceX Instead?OpenAI and Broadcom Release AI Chips Aimed at Running Models Faster and More Cost-EffectivelyOn June 24th, Li Auto-W spent HKD 220 million to repurchase 4.4685 million sharesMeta and Microsoft lead the way, driving data center leasing commitments to exceed $850 billionAmazon Fell Behind on AI. Can It Stage a Comeback?Tech Stock Direction May Be Decided Here! Nomura: Micron Earnings Are Replacing the Fed as the Biggest Short-Term Market VariableBessent Criticizes Fed Dot Plot, Says He Used to Trade Against ItCopper Bull Stays! CPO: real opportunity or mirage?U.S. Treasury Secretary Bessent: The U.S. dollar can remain strong during the interest rate cut phaseU.S. Stock Outlook | Futures for the three major indices rise together, Micron Technology's earnings report and NVIDIA's shareholder meeting are coming tonightMeta is developing a prediction market applicationDWS: Expects the Federal Reserve to cut interest rates twice next year and continues to be optimistic about Korean and Taiwanese technology stocksOn June 23rd, Alibaba-W spent USD 12.4982 million to repurchase 974,500 sharesOn June 24th, Tencent Holdings Limited spent HKD 501 million to repurchase 1.183 million sharesWill Amazon's AI Chip Business Be a Threat to Nvidia?On June 23rd, YUM China spent approximately HKD 7.743 million to repurchase 24,000 sharesGreat News for Nvidia Investors: Wall Street Says the Stock Could Soar to $295Vedanta's copper mining company CopperTech Metals sets its US IPO price at $16-18 per share, aiming to raise $400 millionKuaishou E-com 'Instant Delivery' Goes Live; TSMC Advanced Foundry Price Hike Rumors Mount | Daily News RecapAI ignites a wave of Asian storage giants going public in the U.S.: It is reported that SK Hynix will apply to Korean regulators to issue ADRs to raise up to $26 billionUnderstanding the Market | CIG rises over 8% as NVIDIA details Rubin's full liquid cooling solution; the company has begun mass supply of 800G OSFP DR8 optical modulesA chip manufacturing startup, led by a former Intel CEO as chairman and supported by U.S. funding, plans to raise $350 millionShould You Buy Nvidia Stock Right Now? A Compelling Answer Is Hiding in Plain Sight.SK Hynix to Submit ADR Listing Application Soon, Potentially Debuting Next MonthETF Movement | EFUND A SEMICON ETF rises over 4% as Taiwan Semiconductor's advanced manufacturing services will increase pricesBOCOM INTL: Suggests overweighting Hong Kong stocks in the second half of the year, pointing out that the Hang Seng Index and Hang Seng TECH Index have upward potentialUnderstanding the Market | Tencent soared over 5% in the afternoon as WeChat Work Agent "Dayuan" began internal testing. Goldman Sachs stated that valuation recovery depends on the progress of AI narrativesReminder: Key Intraday Focus (All Times in Beijing Time)ETF Volatility | Southern Double Long Gold fell nearly 2%, with continuous capital outflow in the gold ETF market. UBS indicates that the downside risk for gold prices has significantly increasedUnderstanding the Market | Gold Stocks Continue to Decline as Rising Interest Rates Increase the Cost of Holding Gold; Wall Street Investment Banks collectively Lower Gold Price Expectations