JPMorgan: Inflation alone is not enough to end the long-term uptrend of U.S. stocks.
A top strategist at JPMorgan says that despite the U.S. experiencing an "inflation rollercoaster," this won’t prevent the stock market from surging to record highs—the S&P 500 is still set to rise roughly 10% over the next 12 months. Kriti Gupta, Executive Director and Global Investment Strategist at JPMorgan Private Bank, projects the benchmark index will reach around 8,200 by mid-next year. JPMorgan argues inflation alone is insufficient to derail the stock market’s long-term upward momentum. Gupta notes the core foundations supporting the bull market remain solid: one key reason is robust economic growth. The ongoing expansion of the U.S. economy has fostered confidence among businesses and investors even as inflation concerns persist. Another major driver is the massive market demand for artificial intelligence (AI). Gupta forecasts U.S. stocks will continue delivering double-digit returns this year.
6 minutes ago
UBS cuts SK Hynix's target price to 3 million won, reaffirms "Buy" rating.
UBS has released a research report stating that it has lowered SK Hynix’s target price from 3.2 million Korean won to 3 million Korean won, while maintaining its "Buy" rating. The valuation is based on a forecasted price-to-book ratio of 3.65x (previously 3.67x), corresponding to a projected long-term return on equity (ROE) of 40.2% (previously 42.3%) and a cost of equity of 11.5%.
6 minutes ago
Micron and SK Hynix recorded $103 million in holdings outflow, while SanDisk’s positions rose 36% sequentially amid capital inflows.
According to Hyperinsight’s monitoring data, over the past 24 hours, the open interest (OI) value of Micron (MU) on Hyperliquid decreased by approximately $39.372 million to $173 million; SK Hynix (SKHX) OI fell by about $64.124 million to $352 million. The two combined saw an OI outflow of roughly $103 million, with declines of 18.5% and 15.4% respectively. Over the same period, SanDisk (SNDK) OI rose from around $88.122 million to $120 million, an increase of $32.114 million or 36.4%, making it the only stock among the Big Three memory chip makers to record OI expansion.
SNDK gained approximately 0.6% in the past 24 hours, MU rose around 0.3%, while SKHX dropped about 1.1%; SNDK outperformed MU by roughly 0.3 percentage points and SKHX by around 1.7 percentage points respectively.
Position changes of large-balance addresses show:
- SNDK: New positions currently lean long. Over the past 24 hours, one address added ~$2.515 million worth of SNDK longs, with no single address reducing longs by over $1 million or adding new shorts.
- MU: Two addresses added a total of $3.428 million in longs, while two others cut longs by $2.587 million, resulting in a net long addition of ~$841,000; over the same period, two addresses added ~$2.858 million in new shorts, with incremental volume leaning bearish.
- SKHX: No new addresses added, existing whales continue deleveraging. Million-dollar-level addresses net reduced longs by $6.811 million; shorts net decreased by $9.208 million. Top funds are leaning defensive:
- MU has 14 long addresses and 18 short addresses, with long positions worth ~$46.108 million and short positions ~$66.543 million;
- SKHX has 37 long addresses and 42 short addresses, with long positions worth ~$104 million and short positions ~$136 million;
- SNDK has 12 long addresses and 10 short addresses, with long positions worth ~$37.441 million, still lower than short positions of $46.782 million.
6 minutes ago
An independent miner successfully mined block 960804, earning a reward of 3.157 BTC.
According to mempool data, at 10:11:00 today, an independent Bitcoin miner successfully mined block 960804, earning a block reward of 3.157 BTC, worth approximately $199,300.
6 minutes ago
VIC responds to Binance delisting: Project fundamentals remain unchanged, mainnet has been operating stably for 8 years.
The Viction Foundation announced on social media that, as part of Binance’s regular review cycle, its native token VIC will be delisted in line with the exchange’s internal standards. This decision does not reflect any changes to the project’s fundamentals or operations. Viction’s mainnet has operated stably for 8 years, the network remains fully functional, the team continues to advance development work, and upcoming network upgrades will not be impacted by the exchange’s move. The team is maintaining close communication with existing exchange partners to ensure smooth trading experiences, while actively expanding partnerships with more exchanges to strengthen multi-channel liquidity and reduce overreliance on a single platform. The development roadmap is proceeding as planned and is unaffected. Exchanges are merely distribution channels that do not define the protocol itself, with more updates set to be released soon.
6 minutes ago