US inflation hits 3-year high, likely reinforcing expectations of Federal Reserve interest rate hikes this year.
U.S. inflation rose to 4.1% in May, hitting its highest level in over three years, while consumer spending grew by 0.3%, signaling resilient demand. Meanwhile, first-quarter GDP was revised up to 2.1%. Analysts noted that these stronger figures are likely to reinforce market expectations that the Federal Reserve will raise interest rates later this year.
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Buffett's disciple who sold Micron too early: The semiconductor stock rally is just getting started, most people should buy index funds.
"Buffett protégé and globally renowned value investor Mohnish Pabrai initiated a position in Micron Technology in 2017, liquidated his entire stake in September 2023, earning only roughly double his initial investment. In the two years following his exit, Micron’s stock price surged over 15-fold, leading to an estimated $2 billion in forgone gains. He also sold SK Hynix too early. On June 22, Pabrai reviewed his most painful trading mistakes on South Korean talk show *Inside Information*, stating: “I deeply regret this. I violated my own principles by selling a company I should have held onto forever.” During the show, he advised retail investors: “Over 99% of people should simply buy index funds; if you cannot reliably determine a stock’s cash flow over 10 to 20 years, you should not purchase individual stocks.” Separately, public filings show that as of Q1 2026, his portfolio is heavily weighted toward cyclical stocks, including coking coal producer Warrior Met Coal and Transocean (RIG), among others. When the host asked for his advice for investors currently holding South Korean semiconductor stocks, Pabrai responded without hesitation: “If you already own them, don’t sell. The party has only just begun.”"
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Predict.fun’s World Cup group stage match between Germany and Ecuador: Germany has a 65% win probability.
Prediction market platform Predict.fun data indicates that the key final round match of Group E at the 2026 US-Mexico-Canada FIFA World Cup will take place at 4 AM Beijing time on the 26th, featuring Germany vs. Ecuador. The latest market odds show Germany’s win probability at 65% and Ecuador’s at 18%. Notably, Germany has already qualified for the next stage and holds a +7 goal difference—meaning it will almost certainly finish as Group E winner even if it loses this match—so the team may adopt a relatively conservative approach and rotate several key starters.
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US initial jobless claims for the week ended June 20 came in lower than expected, while May’s core PCE price index was in line with expectations.
U.S. initial jobless claims for the week ended June 20 totaled 215,000, against expectations of 225,000, with the prior figure revised from 226,000 to 227,000. The final reading of U.S. real GDP annualized quarterly rate for the first quarter was 2.1%, beating market expectations of 1.60%, while the prior value stood at 1.60%. U.S. core PCE price index year-on-year rate for May came in at 3.4%, in line with market expectations, hitting its highest level since October 2023.
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Analysts disclose that SpaceX and CoreWeave may directly cooperate with ODM manufacturers, prompting a downgrade of Dell’s investment rating.
Hong Kong GF Securities’ Head of Overseas Tech Research Jeff Pu has released a research note downgrading Dell’s stock rating from “Buy” to “Hold”. The key driver: Dell’s share price has rallied 200% since its last earnings report, and 200% since Pu upgraded the rating in October. Its current valuation exceeds 20 times its 2028 fiscal year expected earnings per share (EPS), leaving limited upside potential. Pu pointed out that SMCI holds stronger competitiveness in the AI server segment, and is expected to secure more NVL72 rack orders for SpaceX’s 2027 gigawatt (GW)-scale AI data center construction. Furthermore, the analyst flagged rising risks associated with direct ODM partnerships. Large AI infrastructure clients including SpaceX and CoreWeave are evaluating the option of collaborating directly with ODMs such as Quanta, Hon Hai, and Pegatron, which could bypass branded server integrators like Dell, further compressing the market share and profit margins of traditional vendors. Separately, Dell’s traditional PC business is also facing headwinds: ODM foundry shipments are weak, with next quarter’s volumes projected to decline sequentially, and overall growth momentum has slowed.
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