US Stock Futures Dive Further

According to Hyperinsight monitoring, SK Hynix saw another slight decline after the close of South Korean stocks today. On Hyperliquid, SKHX is now trading at $1,389, down 3.38% in 24 hours, with trading volume of approximately $788 million and open interest of around $339 million over the same period. A single whale (address: 0x1cb) opened a long position on SKHX at a low point about two hours ago and is now in a passive position. It currently holds a 10x full-position long on SKHX, with 1,805 units valued at roughly $2.51 million, an average entry price of $1,410, a liquidation price of $1,331.11, and a current unrealized loss of about $37,200 (-14.61%). Based on the current price, the position is only $58 away from the liquidation price, a gap of roughly 4.2%. Additionally, this address has successively placed closing sell orders equal to its position size at $1,430 and $1,332 respectively: the former is a rebound take-profit order, and the latter is a near-price-line stop-loss order. The stop-loss is only $1 away from the liquidation price, enabling it to exit actively before forced liquidation.

JPMorgan Chase released a research report noting that competitive models in the current market can expand adoption via open-source weights and sustain monetization through official APIs, partnership channels, enterprise deployments, and workflow products, while weaker models face faster price competition and traffic diversion. The bank raised its revenue forecast for Zhipu AI for 2026 to 2030 by 3% to 9%, narrowed its adjusted loss forecasts for 2026 and 2027 to RMB 3.711 billion and RMB 3.141 billion respectively, and revised its 2028 forecast from an original loss of RMB 1.287 billion to a profit of RMB 2.367 billion. It also lifted Zhipu’s price target from HKD 1,800 to HKD 2,000, maintaining an "Overweight" rating, and stated that the performance of GLM-5.5/6, Kimi K3, and DeepSeek V4.1 will be key to determining whether Zhipu can retain its leading position. For MINIMAX-W (00100.HK), JPMorgan cut its 2027 to 2030 revenue forecast by 2% to 8%, lowered its price target from HKD 400 to HKD 300, and maintained a "Neutral" rating, pointing out that the M3 model’s permanent 50% discount reflects it has not yet formed a clear capability premium over leading domestic peers. The bank added that if MiniMax can narrow the capability gap, sustain API usage after discount normalization, and demonstrate stronger workflow stickiness via MiniMaxCode, its outlook could turn positive.

Sources: SK Hynix will close the bookbuilding for its $28 billion American Depositary Receipt (ADR) offering on Wednesday due to oversubscription.

According to Iran's state media, the Supreme Joint Military Command of Iran has stated that Tehran will regard any location supporting a U.S. attack on Iran as a legitimate strike target.

According to Bank of America (BofA) forecasts, Alphabet, Meta, and Amazon Web Services (AWS) have seen upward revisions to their overall capital expenditure (CAPEX) projections for 2026 and 2027. Specifically, Alphabet’s 2026 CAPEX forecast was raised from $187 billion to $195 billion, while its 2027 projection was lifted from $257 billion to $290 billion. For Meta, its 2026 CAPEX outlook was adjusted upward from $130 billion to $145 billion, and its 2027 figure was increased from $157 billion to $185 billion. AWS maintained its 2026 CAPEX forecast at $159 billion, with its 2027 projection revised up from $196 billion to $230 billion.

Michael Saylor said in a post today that if Bitcoin’s long-term growth exceeds 3.3%, capital gains from Bitcoin (BTC) can indefinitely fund STRC’s dividends. Even if BTC delivers 0% annual growth, Strategy still has sufficient capital to cover 31 years of dividend payments.