On June 11, data from Bitget showed that the U.S. semiconductor sector saw an expanded increase, with the Philadelphia Semiconductor Index rising over 4%. Intel surged more than 10%, AMD increased nearly 5%, Marvell Technology rose over 4%, and Micron Technology and TSMC both gained over 2%.
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U.S. Semiconductor Sector Gains Momentum, Intel Surges Over 10%
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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
On June 12, AMD surged 5.5%, closing at $515.72. In news, Goldman Sachs upgraded AMD's rating to 'Buy' and significantly raised its target price from $240 to $450. Goldman Sachs analyst Schneider expressed optimism about the positive impact of agent-based AI on its server CPU business, as well as the upside potential for data center GPUs in 2027 and beyond. -
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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Trump: Iran's Leaked Terms to 'Fake News' Unrelated to Written Agreement
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SpaceX's Opening Price on First Trading Day Rises 29% from IPO Price
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