Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

June 8 – Per data from Bitget Markets, the Philadelphia Semiconductor Index opened more than 5% higher. Major chip stocks posted strong gains: Intel (INTC.O) rose 9.73%, Micron Technology (MU.O) climbed 9.6%, ASML (ASML.O) advanced 5.1%, and Applied Materials (AMAT.O) gained 5%.

June 8 — Citigroup said AI-led profit growth is projected to push the S&P 500 above the 8,000-point threshold in 2026, as it lifted its year-end target for the benchmark index to 8,100 points. That’s a more than 9.5% jump from last Friday’s closing level, up from the bank’s prior target of 7,700 points. Citigroup strategist Kronat projected the S&P 500’s earnings per share (EPS) will reach $350 in 2026 and rise to $400 in 2027. “AI is meaningfully boosting the fundamentals of related industries, and we’re confident in the continuation of upside earnings surprises through year-end,” he noted. First-quarter earnings beats were unusually widespread, he added, and while sustaining that pace may prove challenging, the surprise rate will stay above historical norms in coming quarters. Kronat emphasized that earnings growth will replace valuation expansion as the index’s primary driver. Despite lingering uncertainties that could spark market volatility — including potential U.S.-Iran tensio

On June 8, Messari released the "TON Q1 2026 Report," noting that despite a 26.4% quarter-over-quarter price decline, the overall TON ecosystem remains resilient thanks to Telegram’s massive user base. Specifically, revenue from Telegram products settled through Fragment slid 20.3% to $88.5 million, while recurring revenue from Premium subscriptions and ad sales only dipped 10.5%—outperforming non-recurring revenue lines like Stars. Fueled by demand for Telegram usernames, numeric handles, and Gifts, TON’s cross-chain NFT market share surged 130.4% quarter-over-quarter to hit 35.5%. On the DeFi front, total value locked (TVL) in USD terms fell 34.9% from the prior quarter, but when calculated in TON, it shrank just 11.6%. The daily average USDT transfer volume dipped 32.5% to $77 million, yet the number of daily transfers held steady at roughly 73,600—indicating peer-to-peer Telegram transfers and Mini App payments are replacing large-scale DeFi transactions. In terms of user activi

June 8 – Sam Bankman-Fried (SBF), the disgraced FTX founder currently serving a prison sentence, revealed in a recent interview from a federal correctional facility that he’s hoping to receive a pardon from the U.S. President. When asked directly if he’s holding out for a White House pardon, SBF responded simply: “Absolutely, though the final decision rests with the President.” Pressed on whether his parents or other relatives are lobbying the government on his behalf, SBF said he “can’t speak for them.” For context: In March 2024, SBF was sentenced to 25 years in prison for fraud tied to FTX’s 2022 collapse. Court records showed the scandal cost FTX users roughly $8 billion, equity investors $1.7 billion, and creditors of his related firm Alameda Research around $1.3 billion in total losses. During the interview, SBF once again denied embezzling user funds. He also claimed that thanks to the cryptocurrency market’s recovery, FTX customers have now received about 170% of their origi

June 8: Per Bitget market data, at the open of U.S. stock trading, the Dow Jones gained 0.26%, the S&P 500 rose 0.79%, and the Nasdaq advanced 1.39%. Intel (INTC.O) rallied 11.5% following news that Google placed an order for more than 3 million TPU chips. American Battery Technology Company (ABAT.O) surged 25.5% after winning an appeal, prompting the U.S. Department of Energy to resume funding for its project. Marvell Technology (MRVL.O) was up 9.6%.

June 8th — NVIDIA CEO Jensen Huang said the company is teaming up with Samsung Electronics to develop custom Application-Specific Integrated Circuit (ASIC) chips, a move that will further expand its AI infrastructure product lineup. ASIC chips, which are optimized for specific workloads, are widely viewed as a critical complement to GPUs. Last May, Goldman Sachs projected that demand for ASIC chips would match the size of the GPU market by 2027. As demand for AI computing power keeps surging, tech giants and cloud providers are ramping up investments in custom chips. This partnership with Samsung marks NVIDIA’s continued expansion in the AI chip ecosystem. As of press time, NVIDIA’s pre-market shares were trading 2.75% higher at $210.65.