AMD Pre-market Up Nearly 2%, Citigroup Upgrades Stock from Neutral to Buy

On June 12, the China Securities Regulatory Commission (CSRC) approved the initial public offering (IPO) registration application of Changxin Technology Group Co., Ltd. on the Shanghai Stock Exchange’s Science and Technology Innovation Board (STAR Market), and officially released its approval document with reference number [2026]1344. As a leading domestic integrated circuit firm specializing in mass production of general-purpose DRAM memory chips, Changxin Technology completed the registration process smoothly after clearing the Shanghai Stock Exchange’s STAR Market Listing Committee meeting on May 27. The company’s IPO is set to raise 29.5 billion yuan, making it the second-largest fundraising project in STAR Market history—surpassed only by Semiconductor Manufacturing International Corporation (SMIC). The raised funds will mainly be allocated to upgrading memory wafer manufacturing lines, enhancing DRAM technology, and supporting forward-looking technological R&D. Per its prospec

June 12 — HTX market data shows TRUMP has surged, now trading at $2.1254, up more than 18% in the last four hours.

**News Brief (June 12)** Hong Kong local media reported that on June 5, a man in Hong Kong filed a police report alleging he was scammed out of 1.6 million USDT—equivalent to roughly HKD 14 million—during a virtual currency trade with a fraudulent exchange. Following an initial investigation, police classified the case as "obtaining property by deception" and referred it to the Criminal Investigation Team of the Mong Kok Police District’s Tenth Team for follow-up. No arrests have been made in connection with the case to date. Hong Kong police issued a public reminder that obtaining property by deception is a serious crime. Convictions for such offenses carry a maximum penalty of 14 years in prison.

June 12, Nasdaq – SpaceX’s IPO will commence trading at 9:50 a.m. Eastern Time. Additionally, it will become eligible for official trading at 10:00 a.m. ET (10:00 p.m. Beijing Time).

On June 12, the China Securities Regulatory Commission (CSRC) announced that it has approved the initial public offering (IPO) application for shares of Changxin Technology Group Co., Ltd.

On June 12, JPMorgan Chase announced it hiked Qualcomm’s (QCOM.O) target price to $230 from $160, while cutting Adobe’s (ADBE.O) target to $250 from $330. (FXStreet)