☕️ [Task Coins Giveaway] Daily Market Talk — Micron's Monster Quarter

It's still all about AI memory. Micron just dropped a monster quarter after the close, with revenue more than 4x'd to $41.46B and guidance for a stunning $50B next quarter. Korea staged a V-shaped rebound from Monday's circuit-breaker crash, and Qualcomm went all-in on AI data centers. Let's dig in 👇

📊 Quick Recap — What Moved & Why

🇺🇸 US — Micron Blew the Doors Off

🔑 Key Event:Micron (MU) reported after the close and it was a blowout. Revenue $41.46B, more than 4x the $9.30B a year ago and nearly double last quarter's $23.86B, crushing the ~$35.84B estimate. GAAP net income hit $28.24B ($24.67/share) at an 84.6% gross margin, and management guided next quarter to a jaw-dropping ~$50B revenue at ~86% margins as AI memory demand stays sold out. During the regular session ahead of the print, the tape was soft and cautious. S&P 500 -0.10% to 7,358.22, Nasdaq -0.43% to 25,476.44, Dow +0.35% to 51,848.90.

👀 Other to Watch

Qualcomm (QCOM) → went full AI data centre at its investor day, unveiling the Dragonfly C1000 server CPU with Meta as first hyperscaler customer, and buying AI-software startup Modular for ~$4B to take on Nvidia's CUDA. Stock jumped after-hours.
Nvidia (NVDA) → at its annual meeting, Huang laid out the Hopper to Blackwell to Vera Rubin roadmap and pledged to return 50%+ of free cash flow to shareholders.
SpaceX (SPCX) → priced a $25B debut investment-grade bond (upsized from $20B on ~$89B of orders), one of the largest debut corporate bond sales ever; it sits on ~$100.8B cash.
Airlines → a bright spot, with the sector index up ~4% even as energy and parts of tech lagged.

🇸🇬 Singapore — STI at Records, Telcos Tap Debt

🔑 Key Event:STI is sitting in record territory (~5,242 ATH hit on June 23), with the three local banks (about half the index) doing the heavy lifting. Quiet but constructive local tape while the global chip drama plays out overseas.

👀 Other to Watch

Singtel (Z74.SG) → its Australian unit Optus Finance priced S$200M 10-year notes at 2.84% (issued June 30) to fund Optus operations.
SIA (C6L.SG) → priced US$286.7M (CNY1.5b) 2.38% notes due 2031 for aircraft purchases and refinancing.
StarHub (CC3.SG) → named Matthew Williams as next CEO from Jan 1, 2027 (CEO-designate from June 24), succeeding Nikhil Eapen.
OUE (LJ3.SG) → formed a JV with Japan's Tokyo Century to acquire airport-related property.

🇭🇰 HK/China — Calmer

🔑 Key Event:Hang Seng edged up ~0.33% as Asia's chip panic faded. No major single-stock catalyst, just broad stabilisation after Monday's regional selloff.

👀 Other to Watch

No standout HK name; sentiment tracked the regional chip rebound.

🌍 Other

🇰🇷 Korea V-shaped rebound: KOSPI +3.26% to 8,471 after Monday's record -9.99% circuit-breaker crash, led by Samsung +9.11% (reported 90 trillion won buyback) and SK Hynix +2.74% (filing for a ~$26B US ADR sale).
Gold cratered ~3% to around $4,000, its lowest since November 2025, as rate bets shifted.
WTI crude slid below ~$70 (a multi-month low); bitcoin eased to ~$62.6k.
Record US investment-grade bond issuance week, led by SpaceX's $25B debut sale.

📅 Key Events Tonight / This Week

🇺🇸 US May PCE (the Fed's preferred inflation gauge) + final Q1 GDP + weekly jobless claims · Thu 6/25 night SGT
🇺🇸 Apple iPhone Fold mass production reportedly begins · Thu 6/25 (unconfirmed)
🇺🇸 Final June Univ. of Michigan sentiment · Fri 6/26

💬 Micron just guided to $50B next quarter at 86% margins. Is the AI memory boom still early innings, or is a print this perfect the classic top?

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🚫 No duplicates · ⏰ Deadline: June 25, 11:59 PM SGT

Not investment advice, just market talk 🙏