Microsoft: Costs for host storage and memory have surged more than 2.5-fold, with related expenses projected to double again next autumn.

Last July, the U.S. government unveiled a copper tariff plan. Previously, it imposed a 50% tariff on semi-finished copper products, while refined copper was temporarily exempted, but the plan aims to phase in additional tariffs on refined copper starting in 2027. Whether the plan will take effect will be decided by the end of June. The U.S. Department of Commerce is required to submit its investigation report on Section 232 tariffs before June 30, and will make a final decision based on the findings. As the deadline for the U.S. Section 232 tariff report approaches on June 30, the global market for metals linked to AI computing power will face a new round of volatility. International investment banks including Goldman Sachs analyze that if the U.S. implements the new copper tariff policy, U.S. buyers may launch large-scale stockpiling. Currently, U.S. COMEX copper inventories have exceeded 650,000 tons, hitting a record high. Meanwhile, in the international market, supply tensions for small metals closely tied to the AI computing power industry chain—such as tungsten, tin, tantalum, and indium—are likely to further intensify. (Jinshi)

With crypto-related stocks declining broadly on Thursday, Cathie Wood’s investment firm ARK Invest once again added to its positions at discounted levels, boosting its holdings in stocks of Coinbase, Circle, Bullish, and Robinhood.

Crypto KOL Ansem has published a bullish view on the SOL/ETH trading pair. Earlier today, Ansem stated: "Solana has hit its bottom — I was the first to call it! Right now, everyone is extremely bearish on SOL, just like when it fell to $8 in 2023. I believe buying SOL at current prices with a holding period of over six months is a solid trade."

Crypto asset custody firm BitGo CEO Mike Belshe announced in a post today that the company will lay off approximately 15% of its staff. He characterized the layoffs as a one-time adjustment, emphasizing that no further cuts are expected. Belshe stated that the decision stems from profound evolutions in the crypto ecosystem and fundamental shifts in how financial services are structured. To remain competitive, BitGo needs to focus its resources on the most critical areas, including security, trading, stablecoins, settlement, and AI-powered infrastructure. BitGo is one of the world’s largest institutional digital asset custody providers, offering custody, trading, and wallet infrastructure services primarily to institutional clients. Affected employees have been notified directly by their direct managers and human resources departments.

According to monitoring by Beating, OpenAI CEO Sam Altman has confirmed delaying the full rollout of GPT-5.6 due to federal security review requirements, opting instead to offer limited preview access to a small number of partners. During the preview phase, the U.S. government will individually vet all accessing clients. U.S. Secretary of Commerce Howard Lutnick also called to warn OpenAI not to fully launch GPT-5.6 until obtaining joint approval from cross-agency bodies. Altman has told the government that the phased preview is not the preferred long-term model, and OpenAI will seek a more sustainable future release mechanism. The U.S. government’s intervention in frontier large language models has sparked industry concerns about a de facto access licensing system. Earlier this month, Amazon CEO Andy Jassy reported a security vulnerability to the White House, leading the White House to restrict cross-border access to Anthropic’s flagship models, forcing Anthropic to fully take down Fable and Mythos.

In 2026, nearly all major Chinese power semiconductor manufacturers have announced price hikes. Yangjie Technology announced it will raise prices across its entire product line by 10% to 15% starting July 1, marking its second price increase this year; Chongqing CR Microelectronics, Shilan Microelectronics, and NCE Power have also followed suit with price adjustments. Serenity notes that the driving force behind this round of price hikes has shifted from the cost side to the demand side: AI data center construction, energy storage system expansion, and the popularization of new energy vehicles are collectively driving sustained strong demand for power semiconductors. Serenity believes this trend sends a positive signal to the U.S. power semiconductor sector: tight Chinese production capacity will reduce price pressure on similar U.S. products, coupled with sustained demand validation and improved pricing power, U.S. power semiconductor stocks such as Alpha & Omega Semiconductor (AOSL) and Power Integrations (POWI) are expected to benefit, with these advantages emerging ahead of the full adoption of 800V DC architectures. Additionally, upstream material suppliers for power semiconductors are also poised to benefit, with demand for related materials including non-ferrous metals like copper and tin, as well as molding compounds, chemicals, and packaging consumables, likely rising in tandem.