JPMorgan Chase: Raises Tesla Price Target from $350 to $375

On June 22, Samsung Electro-Mechanics kicked off mass production of packaging substrates for Qualcomm’s first data-center AI accelerator at its Busan factory. This marks an expansion of the two companies’ partnership, moving beyond their traditional collaboration in mobile and PC markets to now cover the data center sector. Samsung Electro-Mechanics recently began mass production of Flip Chip Ball Grid Array (FC-BGA) packaging substrates tailored for Qualcomm’s latest AI accelerator, the AI200. The AI200 is Qualcomm’s first AI accelerator built for data centers, unveiled last October, and it’s primarily designed for AI inference scenarios. The chip features Qualcomm’s self-developed Oryon CPU and Hexagon NPU, paired with low-power LPDDR5 memory to enhance energy efficiency. Qualcomm plans to launch the AI200 in the second half of this year, so Samsung Electro-Mechanics started mass production of the FC-BGA substrates early to align with the product’s rollout timeline. This developmen

June 22nd – Analysts at Bernstein stated in a recent report that commodity DRAM, which saw a roughly 4.5x price surge from the third quarter of 2025 to the second quarter of 2026, may continue its upward price trajectory in 2027. As a result, current commodity DRAM already boasts an average selling price per bit that matches, or even exceeds, that of High Bandwidth Memory (HBM), per the firm’s analysis. Bernstein noted that thanks to higher bit density and yield, this year’s revenue per wafer for commodity DRAM could double that of HBM, translating to a significantly higher profit margin. The institution estimated HBM prices would need to rise roughly threefold to match commodity DRAM’s revenue per wafer. However, memory chip manufacturers are unlikely to pursue aggressive price hikes for HBM, as they recognize the technology’s high costs could hinder the broader artificial intelligence ecosystem’s development and ultimately dampen overall memory demand.

June 22: Japan’s National Commercial Business Pension Fund, which is supported by about 1,200 small and medium-sized enterprises based in Okayama City, plans to start investing in cryptocurrencies in fiscal year 2026. While some Japanese companies have previously dabbled in crypto assets, it remains relatively unusual for a domestic pension fund to directly participate in crypto investments. The fund intends to allocate roughly 1% of its total assets to cryptocurrency, via indirect investments in passive funds managed by large hedge funds that hold a range of crypto assets. Regarding asset allocation, its 2025 fiscal year breakdown is 80% in Japanese yen, 15% in U.S. dollars, and 5% in other currencies. For fiscal 2026, the planned adjustments are: lower yen holdings to 70%, add a 10% allocation to developed-market currencies, and assign the remaining 5% to emerging-market currencies, gold, and crypto assets. The core goal of this shift is to diversify exchange rate risk. Ai T

On June 22, the prominent Ethereum MEV bot address ae13 posted an on-chain white hat bounty message to the hacker behind its breach, stating that if the stolen 2150 ETH is returned within 48 hours, the entity will pay a 50% white hat bounty to the attacker. Otherwise, it will pursue all possible legal and enforcement actions to hold the hacker accountable. Prior reports confirm that Jaredfromsubway.eth — the ae13 MEV bot, a long-standing active player on the Ethereum network — was hacked by exploiting a vulnerability in its automated execution system, resulting in losses exceeding $7.5 million.

June 22 — According to a report from The Information, Morgan Stanley is prioritizing leveraged loan financing for data center developers instead of traditional bond financing, with such issuances projected to reach roughly $15 billion this year. Definition: Leveraged loans refer to floating-rate loans extended to companies with lower credit ratings or high leverage levels. Click the link to the original article below to join BlockBeats’ Feishu AI News Channel, which monitors global AI trends and news 24/7.

Bitget market data shows that on June 22, the Seoul Composite Index reversed its intraday course after gaining more than 2% earlier.