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Citigroup raises Micron Technology's target price from $1,200 to $1,400

2 hours ago

Citi raised the price target for Micron Technology (MU.O) from $1,200 to $1,400, and lifted SanDisk (SNDK.O)'s price target from $2,025 to $2,500.

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Societe Generale raises S&P 500 target to 8,000 points.

Société Générale has raised its year-end 2026 target for the S&P 500 index from 7,300 points to 8,000 points.

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Bank of America analysts: Defensive sectors could shine if the AI boom fades.

U.S. bank strategist Sebastian Raedler warns investors to consider defensive sectors such as consumer staples and pharmaceuticals if AI spending proves unsustainable. He argues that AI profitability could decline as cheaper models emerge and clients resist higher prices. While upbeat forecasts from Micron and Qualcomm have lifted market sentiment, Raedler says bonds and defensive stocks may perform better if AI trading activity cools.

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US Secretary of State: Israel and Lebanon are close to reaching a preliminary agreement

US Secretary of State Marco Rubio said in a speech that the United States is closely monitoring developments between Israel and Lebanon, noting that the two sides are nearing a preliminary agreement. Additionally, he stated, "it is unclear whether Iranian funds held by Qatar have been transferred." Gulf countries are firmly opposed to imposing tolls on the Strait of Hormuz.

7 minutes ago

Allianz’s CIO warns that SpaceX’s massive bond issuance indicates the market is in “bubble territory.”

Allianz CIO Ludovic Subran pointed out that SpaceX quickly issued a large-scale bond offering after its IPO, despite holding ample cash reserves. This strong demand in the debt market reflects investors’ excessive enthusiasm for high-valued tech and AI-related assets, which has entered bubble territory. Subran views such moves as signals of an overheated market and excessive risk appetite, potentially indicating unsustainable valuations or a potential correction. SpaceX recently completed its IPO and issued roughly $250 billion in investment-grade bonds, mainly to repay bridge loans and support AI infrastructure, despite holding over $1 trillion in cash.

7 minutes ago

Canaan Inc.’s CEO and CFO acquired more than one million additional shares of the company’s stock on the open market.

Canaan Inc. disclosed that its Chairman and Chief Executive Officer Nangeng Zhang and Chief Financial Officer Jin "James" Cheng recently purchased additional shares of the company in the open market, totaling 1,065,000 American Depositary Shares (ADS) at an average purchase price of $0.35 per ADS.

7 minutes ago

Marvell's New CFO Reduces His Stakes in the Company

According to public filings, Daniel Durn, Marvell’s new CFO, sold 2,250 Marvell shares worth $632,000. This month, Willem Meintjes, Marvell’s former CFO, recently filed Form 144 with the U.S. Securities and Exchange Commission (SEC) to sell 207,329 common shares, with estimated proceeds of around $60.13 million at an average price of $290.03 per share. Meintjes notified the company of his CFO resignation on June 10, officially stepping down on June 15, and was succeeded by Dan Durn, former CFO of Adobe.

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