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HSBC upgrades Apple Inc. to Buy rating, sharply raises its target price to $366.

1 hours ago

HSBC has upgraded Apple Inc.’s stock to a Buy rating, stating the tech giant is at an “operational inflection point.” The bank also raised Apple’s price target from $260 to $366. HSBC notes Apple can avoid high capital expenditure controversies: its capital investment equals just 2.5% of its 2026 projected sales, compared to 39% for hyperscale cloud service providers. Additionally, Apple is well-positioned to leverage its 2.5 billion installed device base to launch its upcoming updated Apple Intelligence system. The bank views Apple’s hardware product line as strong, including the iPhone 18 Pro and Pro Max launching this fall, the iPhone Air scheduled for April 2027, and “most importantly,” a book-style foldable phone.

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U.S. stocks opened broadly lower, with Apple’s market capitalization surpassing NVIDIA’s, and the semiconductor index is on the verge of entering a technical bear market.

US stock market opened, with the Dow Jones Industrial Average down 0.24%, S&P 500 down 1.15%, and Nasdaq down 1.8%. The Philadelphia Semiconductor Index fell more than 3%, on the verge of entering a technical bear market. According to market data from BIT (bit.com), among individual stocks, heavyweight Nvidia dropped 2.2%, Qualcomm fell 3%, Intel declined 3.5%, Microsoft edged down 1%, and SpaceX fell 3%. As a result, Apple inched up 0.05%, surpassing Nvidia to become the world’s most valuable company by market capitalization. CPO concept stocks and AI infrastructure-related stocks fell broadly, with AAOI and AMAT leading the sector decline, each dropping more than 6%.

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SpaceX has lost nearly $1 trillion in market value from its peak.

According to market data from BIT (bit.com), SpaceX’s stock price has continued to decline steadily since opening today, with a current drop of 5%. The stock is now down 38% from its peak, and its market capitalization will shed approximately $1 trillion from its all-time high.

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Optimism will partner with Dunamu, the operator of Upbit, to expand into the South Korean market.

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A whale deposited $17 million to open 10x long positions in Bitcoin and Samsung stock contracts.

According to monitoring by Onchain Lens, a crypto whale has just deposited $17 million into Hyperliquid to go long on Bitcoin and Samsung with 10x leverage. Its current positions are: 20 BTC (valued at approximately $1.26 million) and 7,600 SMSN shares (valued at roughly $1.2 million).

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Bitget Launches VIP-Exclusive ETH Wealth Management Product, Offering Up to 4% APR

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NeoCloud’s Nebius secures approximately $775 million in senior secured debt financing.

Cloud company Nebius has secured its first senior secured debt financing of approximately $775 million to expand its AI cloud platform. The financing is backed by deployed GPU infrastructure and investment-grade client contract cash flows. Deal terms include a 2030 maturity and an interest rate of SOFR plus 2.50%. The financing, paired with client cash flows, covers over 100% of the company’s relevant capital expenditure needs. Nebius currently boasts over $40 billion in contract revenue from clients such as Microsoft and Meta.

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