On June 10, spot gold continued to decline, falling below $4200 per ounce for the first time since March 23, with a daily drop of 1.4%. (Jin Shi)
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Spot Gold Falls Below $4200/Ounce, Hits Nearly 3-Month Low
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Iranian Foreign Minister: Iran-U.S. Memorandum of Understanding May Be Signed in Days
On June 13, Iranian media reported that Iranian Foreign Minister Amir-Abdollahian stated that once the final stage of negotiations between Iran and the U.S. is completed, the memorandum of understanding will be signed and announced immediately. The first phase will be signed electronically from a distance, "which may happen in the coming days." (Xinhua News Agency) -
U.S. Officials: U.S. and Iran Close to Agreement, Signing Expected in Coming Days
On June 13, Reuters reported that a senior U.S. official stated on Friday local time that the U.S. and Iran have not yet truly reached the finish line, but are very close to finalizing an agreement to resolve their conflicts. Washington expects to sign the agreement in the coming days. 'The negotiating team has put us in a very favorable position, but we still need to see, we haven't really reached the finish line, but we are very close,' the U.S. official said. The official noted that the agreed terms achieve a core goal of Trump. The memorandum of understanding includes the reopening of the Strait of Hormuz and the lifting of U.S. blockades on Iranian ports. Iran's highly enriched uranium will also be destroyed on-site and subsequently removed from the country. 'Iran will not gain anything from signing the memorandum or from the negotiations themselves,' the official said. 'They will receive economic rewards for fulfilling the obligations set forth in the agreement. Therefore, if they commit to handing over nuclear materials, they will gain something. If they dismantle their nuclear program or facilities, they will receive additional benefits.' -
Iran's Foreign Ministry: Iran is Reviewing Draft Memorandum of Understanding
On June 13, local time on the 12th, Iranian Foreign Ministry spokesperson Baghaei stated that Iran and the United States have reached an understanding on most issues, and Iran is currently in the final stages of compiling the text of the memorandum of understanding. Therefore, the previous statement by Iranian Foreign Minister Amir-Abdollahian that 'the two sides are very close to reaching an understanding' is accurate and noteworthy. Meetings of relevant decision-making bodies are ongoing, and this is a process that is being continuously advanced. To achieve a final and decisive outcome, consensus must be formed among decision-making bodies and relevant departments. Baghaei also mentioned that various speculations regarding the content of the agreement text have not been confirmed. Although specific details of the diplomatic process cannot be publicly discussed at this time, this does not mean that the public does not have the right to be informed. (CCTV News) -
SpaceX Opens at $150 on First Day of Trading, IPO Price Set at $135
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Iranian Foreign Minister Claims Iran and US 'Have Never Been Closer' to Memorandum of Understanding
On June 12, Iranian Foreign Minister Amir-Abdollahian stated on social media that Iran and the US 'have never been closer' to reaching a memorandum of understanding. He urged the media to refrain from speculating on its contents before finalization. The Iranian side will disclose all details in due course. (CCTV News) -
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ARM Soars Nearly 10%, Bank of America Predicts Server CPU Market to Quadruple by 2030
On June 12, ARM surged nearly 10%, reaching $376.18. According to a recent forecast by Vivek Arya, an analyst at Bank of America Global Research, the total addressable market (TAM) for server CPUs is expected to skyrocket from $35 billion in 2025 to over $170 billion by 2030. This significantly exceeds the bank's previous prediction of a $125 billion market size for server CPUs by 2030. Arya stated in the report, 'We believe the rise of agent-based AI is a powerful demand accelerator that not only expands the market opportunities for CPUs but also benefits Intel, AMD, and challengers based on Arm architecture.' -
Intel Shares Rise Over 5%, Bank of America Predicts Server CPU Market to Quadruple by 2030
On June 12, Intel shares rose over 5%, reaching $123. According to a recent forecast by Vivek Arya, an analyst at Bank of America Global Research, the total addressable market (TAM) for server CPUs is expected to surge fourfold from $35 billion in 2025 to over $170 billion by 2030. This significantly exceeds the bank's previous prediction of a $125 billion server CPU market by 2030. In the report, Arya stated, 'We believe the rise of generative AI is a powerful demand accelerator that not only expands market opportunities for CPUs but also benefits Intel, AMD, and challengers based on Arm architecture.' -
AMD Soars 5.5%, Goldman Sachs Raises Target Price to $450
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Musk at Bell-Ringing Ceremony: SpaceX Aims to Send Humans to the Moon and Mars, Ultimately to Interstellar Space
On June 12, Musk spoke at the bell-ringing ceremony at Starbase on Friday morning. Reflecting on early investors who believed in SpaceX, he recalled, "At that time, I thought, you must have taken some good stuff because I felt this company was destined to fail." Dressed in his iconic leather jacket and a black SpaceX-themed T-shirt, Musk stood in front of a large Mars graphic with a group of employees between them. Musk stated, "SpaceX's goal is to send humans to the Moon, Mars, and ultimately to more distant interstellar destinations." After the bell-ringing ceremony, the Nasdaq live channel played Elton John's song 'Rocketman.'
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