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Guosheng: Is the technology stock really down or just pretending?

Guosheng Securities believes that after the adjustment of technology stocks, it should be an opportunity to lay out again, focusing on four major points: progress in US-Iranian relations and oil price trends, May US CPI data (June 10), major central bank interest rate meetings in mid-June, and the debut statement of the Washington vice chairman (June 18).

In May, OPEC's oil production fell to the lowest level in 37 years. It is expected that the meeting on Sunday will discuss the possibility of increasing production.

Three OPEC+ representatives said they expect major member countries to again slightly increase the July quota target in a video conference on Sunday, with an increase of 188,000 barrels per day.

Why has everyone set their sights on optical chips?

The booming development of artificial intelligence infrastructure in Silicon Valley has brought about a surprising physical problem: the amount of data transmitted through copper wires is limited, and beyond a certain limit, heat, distance, and power consumption become unbearable.

A total of $70 billion! SpaceX has successively signed a large contract for "computing power rental" with Anthropic and Alphabet Inc. Class C (GOOGL.US), with an ARR as high as $26 billion.

Elon Musk's SpaceX, has successively signed huge computing power leasing agreements with Anthropic and Google, totaling more than $70 billion. The annual revenue scale is expected to reach $26 billion, injecting strong fuel into its IPO narrative.

New stock news | Wus Printed Circuit (002463.SZ) submits again to the Hong Kong Stock Exchange, providing PCB solutions for the data communication field.

According to the disclosure by the Hong Kong Stock Exchange on June 5, Hushi Electronics Co., Ltd. has submitted an application to the main board of the Hong Kong Stock Exchange, with China International Capital Corporation and HSBC as joint sponsors. The company had previously submitted its listing application to the Hong Kong Stock Exchange on November 28, 2025.

New stock news | Wus Printed Circuit (002463.SZ) once again submits listing application to Hong Kong Stock Exchange

According to the Hong Kong Stock Exchange disclosure on June 5th, Hisun Electronics Limited has submitted an application for listing on the Main Board of the Hong Kong Stock Exchange, with China International Capital Corporation and HSBC acting as joint sponsors. The company had previously submitted an application for listing on November 28, 2025.

Nine big tech stocks evaporated one trillion dollars in a day! An overview of Wall Street interpretation of Friday's sell-off.

According to statistics, on Friday, nine companies in the US stock market with a market value exceeding one trillion US dollars collectively evaporated 1.1 trillion US dollars in market value. The average stock price dropped by 5.3%, with artificial intelligence giants such as Nvidia, Micron Technology, and AMD experiencing particularly severe declines.

New stock analysis | After two rounds of submission, will the listing of SG Micro Corp on the Hong Kong stock market alleviate supply chain concerns?

As a leading enterprise in the domestic field of simulated chips, Sanbang Corporation, after being listed on the ChiNext board of the Shenzhen Stock Exchange in 2017, is now shifting its focus to the international capital stage.

New Stock News | Xi Hua Technology Once Again Submits Documents to Hong Kong Stock Exchange AI Scaler's Revenue has Ranked First in China for Four Consecutive Years Since 2022

According to the disclosure by the Hong Kong Stock Exchange on June 5, ShenZhen Xihua Technology Co., Ltd. has submitted an application to the Hong Kong Stock Exchange for listing on the main board, with Agricultural Bank International as the sole sponsor.

New stock previewAnnual income of 1 billion but trapped in growth bottleneck: The joy and worry of Fubei Pet's sprinting to the Hong Kong stock market.

Can FuBei Pets truly make the leap from being a "manufacturing giant" to a "strong brand enterprise" through this Hong Kong stock listing, it not only depends on the recognition of the capital market, but also on whether it can regain a steady growth pace in the fierce market competition.

New stock news | XiHua Technology files again with Hong Kong Stock Exchange

According to an announcement by the Hong Kong Stock Exchange on June 5th, Shenzhen A-Huat Technology Co., Ltd. (referred to as A-Huat Technology) has submitted an application to the Hong Kong Stock Exchange main board, with Agricultural Bank International as the sole sponsor.

New stock news | Basic Semiconductor submits to the Hong Kong Stock Exchange for the third time, ranking sixth in the Chinese Silicon Carbide Power Module market by 2024 revenue.

According to the disclosure by the Hong Kong Stock Exchange on June 5, Shenzhen Goodix Technology Co., Ltd. has submitted an initial public offering application to the main board of the Hong Kong Stock Exchange, with Guotai Junan Securities (Hong Kong) Limited and BOC International serving as joint sponsors.

The United States plans to file a lawsuit to block Paramount (PSKY.US) from acquiring Warner (WBD.US).

According to informed sources, California, New York, and several other U.S. states are preparing to file lawsuits to block Paramount's $11 billion acquisition of Warner Bros. Discovery.

Wu Qing: Enhance the ability to accompany the innovation "blank areas", better invest early, invest in small, invest long-term, invest in hard technology.

The China Securities Regulatory Commission issued a speech by Wu Qing at the fourth session of the China Securities Investment Fund Industry Association. Wu Qing pointed out that adhering to functionality is essential to better play the role of nurturing new quality productivity. Promoting the integrated development of technological innovation and industrial innovation requires continuous investment of long-term capital and patient capital. Industry institutions, especially private equity venture capital funds, should adhere to long-termism and professionalism, and better play a strategic and fundamental role in supporting innovation. It is necessary to improve the professional investment research system, focus on national strategies and key areas of the national economy, greatly enhance insight into industrial and technological development trends, strengthen the ability to run alongside in the innovation "no man's land," and better invest in early-stage, small-scale, long-term, and hard technology. It is important to strengthen post-investment empowerment, provide more effective governance optimization, resource integration, and long-term companionship and services for invested enterprises, help them cross cycles and enhance their value. Regulatory authorities and self-regulatory organizations should work together with relevant parties to further improve supporting policies, actively support state-owned funds in building fault-tolerance mechanisms, optimizing assessment standards, complementing social capital advantages, promoting pension funds, insurance funds, AIC institutions, and other entities to increase equity investment efforts, and multiple channels to improve fund exit arrangements, and make greater efforts to promote the smooth circulation of fund-raising, management, and withdrawal.

U.S. consumer borrowing grew significantly for the second consecutive month, marking the largest consecutive increase since 2022.

In April, American consumer borrowing saw strong growth once again, marking the largest consecutive increase since the end of 2022.

Musk signs another mega deal! Alphabet Inc. Class C (GOOGL.US) spends 30 billion dollars to buy SpaceX's computing power.

SpaceX announced a cloud service agreement with Google for access to computing capabilities, including approximately 110,000 Nvidia GPUs, CPUs, memory, and other related components.

Profit threshold not loosened! Super IPOs like SpaceX may take several years to be included in the S&P 500 index.

Standard & Poor's Dow Jones Indices announced on Thursday that its index committee has decided to maintain the current rule that companies must have positive net earnings in the past year (including the most recent quarter).

The Islamic Revolutionary Guard Corps of Iran issued a statement stating that if the United States continues its "mischievous" behavior, the United States will be held responsible for the consequences of the complete closure of the Strait of Hormuz and the disruption of oil and gas exports.

After a strong non-farm payroll report, Goldman Sachs "surrenders": no longer expects the Fed to cut interest rates this year.

Faced with a labor market that far exceeds expectations and resilient economic data, Goldman Sachs has officially "surrendered" to the reality of "Higher for Longer".

American Employment: A Tale of Two Worlds - Carbon-Based and Silicon-Based

Since the beginning of the year, the overall employment situation in the United States has shown signs of stabilization. However, if we look closely at the structure, the internal employment landscape is much more complex.

US stocks face "Black Friday"! Goldman Sachs, on the contrary, speaks out: Pullback provides a buying opportunity S&P 500 aims at 8000 points

Vlad believes that the pullback in the US stock market on Friday provides investors with an opportunity to increase their positions, rather than a reason to retreat. He believes that there is a clear upward path for the S&P 500 index to reach 8000 points this year.

Exploding Non-Farm Payrolls "Ignite" Fed Rate Hike Expectations! US Treasury Bonds Face a New Wave of Selling Pressure, with Two-Year Yield Seeing Largest Increase in 14 Months

Due to the US non-farm employment growth in May exceeding all forecasts, US Treasury traders have fully priced in expectations for the Federal Reserve to raise interest rates before the end of this year, driving yields in the US Treasury market, which has reached a scale of $31 trillion, to rise across the board.

SpaceX IPO has received twice the subscription funds.

According to two informed sources, SpaceX's IPO has attracted approximately $150 billion in investor subscription funds, which is double the fundraising target. As the largest IPO in history, the subscription heat is very impressive. The sources pointed out that the project is still in the early promotion stage, and large institutional funds often submit orders at the end of the IPO application period. The current statistics are only for intention to subscribe, not the final allocation amount, and the actual allocation quantity will be determined during the pricing process.

After Alphabet Inc. Class C (GOOGL.US), Meta (META.US) is considering a stock financing of several hundred billion US dollars to meet AI capital expenditure needs.

Meta executives are discussing the possibility of issuing several billion dollars of new shares to provide funding for capital expenditures on AI-related projects that are expected to reach as high as $145 billion this year and even higher in 2027.

Report: The SpaceX IPO received oversubscription, expected to start trading on June 12th.

The subscription orders for SpaceX's IPO have exceeded the available number of shares. The company plans to issue approximately 5.556 billion shares at a price of $135 per share, with a trading volume of approximately $750 billion, corresponding to a valuation of approximately $1.8 trillion.

HK Bull/Bear Outstanding Qty Ratio(60:40) | June 6th

As of June 6, the latest bull-bear street sentiment ratio for the Hang Seng Index is 60:40.

Overnight US stocks | The possibility of the Federal Reserve raising interest rates in December has greatly increased. Risk assets have collectively plummeted, with the semiconductor sector taking a heavy hit. Bitcoin briefly fell below $60,000, and spot gold has wiped out all gains for the year.

As of the close, the Dow fell 695.15 points, a decrease of 1.35%, to 50866.78 points; the Nasdaq fell 1121.53 points, a decrease of 4.18%, to 25709.43 points; the S&P 500 index fell 200.57 points, a decrease of 2.639%, to 7383.74 points.

Broadcom Inc. (AVGO.US) performance triggers sell-off wave, chip stocks evaporate 1.3 trillion dollars in two days, Philadelphia Semiconductor Index records largest single-day drop since the outbreak of COVID-19 pandemic.

U.S. Chip stocks faced a large-scale sell-off on Friday.

Citibank has become Wall Street's most staunch "dovish" and still expects the Federal Reserve to cut interest rates three times this year.

Citigroup still insists that the Federal Reserve will cut interest rates three times this year.

AI concept stocks welcome heavy positive news! Marvell Technology, Inc. (MRVL.US) and Lantronix, Inc. (FLEX.US) have been included in the S&P 500 index, with their stock prices rising after hours.

S&P Dow Jones Indices announced on Friday the latest quarterly index adjustments, and Meiwuer Technology and Weichuangli will officially be included in the S&P 500 Index.

Standard & Poor's Dow Jones Indices announced that it will adjust the index compilation rules for US related indices, and Magna Electronics and WeichuangLi are about to be included in the S&P 500 index components.

U.S. Stock Market Close: Three major indices all close lower.

The Dow fell 1.35%, the S&P 500 fell 2.64%, and the Nasdaq fell 4.10%. Meituan Technology fell 15.89%, Arm Holdings fell 12.75%, Micron fell 12.46%, Terada fell 12.16%, and Intel fell 11.51%. As for the "Big Tech" companies: Google fell 0.86%, Apple fell 1.09%, Microsoft fell 2.57%, Amazon fell 2.98%, Meta Platforms fell 5.53%, Nvidia fell 5.93%, and Tesla fell 6.59%.

The New York period silver broke below $68 per ounce, falling 8.08% intraday.

US Stock Market Move | Lilly (LLY.US) rises against the trend by more than 3%, hitting a new all-time high.

On Friday, Eli Lilly's (LLY.US) stock price rose against the trend, increasing by more than 3% intraday, setting another historical record high, with a total market value of $1.09 trillion.

DA Davidson: NVIDIA Corporation (NVDA.US) "King" position is difficult to shake. Gross margin is expected to remain high before 2030.

Although large cloud computing companies are actively seeking diversification in AI chip supply, Wall Street analysts believe that NVIDIA's dominant position in the artificial intelligence data center market is difficult to shake in the short term, and its high profit margin level is expected to continue until the end of this decade.

Cleveland Fed President Hamek made two statements in favor of raising interest rates within a week, once again taking a "hawkish" stance.

Hamak said that in the context of the labor market continuing to show strong performance and employment conditions approaching full employment, the Fed may soon need to consider further raising interest rates.

US Stock Market Move | Popular Chinese concept stocks collectively decline, UP Fintech Holding Ltd. Sponsored ADR Class A (TIGR.US) drops more than 4%.

On Friday, the Nasdaq Golden Dragon Index opened down more than 2%, continuing the previous day's decline, with popular Chinese concept stocks collectively falling.

US Stock Market Move | The Nasdaq fell 1.6%, while popular tech stocks were under pressure. Intel Corporation (INTC.US) dropped over 5%.

On Friday, the three major US stock indexes continued their decline at the opening, with the Nasdaq plunging 1.6% and leading technology stocks generally under pressure.

New stock news | Fengjiang Intelligence plans to go public in Hong Kong: revenue has been increasing for three consecutive years, high gross profit drives profit to turn positive.

Global robot solution and related empowering technology supplier FJD Inc. filed with the Hong Kong Stock Exchange.

US Stock Market Move | Bitcoin falls below the $61,000 level, and concept stocks follow suit. Strategy (MSTR.US) drops over 8%.

Bitcoin has once again fallen below the $61,000 mark, reaching a low of $60,461.88.

New Stock News | Weizhao Semiconductor plans to list on the Hong Kong Stock Exchange. The China Securities Regulatory Commission has requested additional information on the reasons for the price difference and rationality of equity incentives between Weizhu Yexin and Zhoushan Integration.

The China Securities Regulatory Commission (CSRC) has requested Weizhao Semiconductor to provide additional explanations on the reasons and rationale for the significant differences in the grant prices of stock incentives for Weizhuyexin and Zhoushan Integrated.

Explosive non-farm payroll hits the "Fed's road to transformation" under Powell's leadership! Non-farm payroll surged by 172,000 in May, sparking a wave of interest rate hikes and igniting the "anchor of asset pricing".

In a swap contract display, traders expect the Fed to raise rates by 25 basis points at the December policy meeting, with about a 60% chance of a hike in October. The next Fed meeting led by new Chair Kevin Washington will be held on June 16-17.

US Stock Market Move | Storage sector under pressure, SanDisk (SNDK.US) drops more than 7%.

On Friday, the storage sector continued its previous day's decline, with all stocks under pressure and falling. SanDisk (SNDK.US) and Western Digital (WDC.US) dropped more than 7%, Micron Technology (MU.US) fell more than 6%, and Seagate Technology (STX.US) fell more than 5%.

New stock news | Hui Lun Medicine plans Hong Kong stock IPO. The China Securities Regulatory Commission requires additional clarification on whether full social security and provident fund payments have been made, as well as whether it constitutes a major violation of laws and regulations.

The China Securities Regulatory Commission requires Huilun Pharmaceuticals to provide supplementary explanations on the specific situation of its subsidiaries' insufficient payment of social insurance and housing provident fund, and whether this constitutes a major violation of laws and regulations.

Spot silver fell below $70 per ounce, dropping 5.24% in a single day.

New stock news | Xinde Technology plans to list in Hong Kong, and the China Securities Regulatory Commission requires additional information on the rectification situation after being punished for colluding in bidding and whether it constitutes a major violation of laws and regulations.

The China Securities Regulatory Commission requires XinDe Technology to provide additional explanations on the rectification situation after being punished for colluding in bidding and being prohibited from participating in military procurement activities, and whether it constitutes a major violation of laws and regulations.

Financial report and guidance significantly exceed expectations! Barclays substantially raises Ciena (CIEN.US) target price to $607.

Ciena (CIEN.US) revenue, gross margin, and EPS all exceeded expectations and future performance guidance was raised. Barclays has increased its target price from $372 to $607 and maintains a rating of buy.

New Stock News: Weiran Energy plans to conduct a Hong Kong IPO. The China Securities Regulatory Commission requires additional information on the compliance of employee stock ownership platform and external personnel stock ownership.

The China Securities Regulatory Commission requires Weiyuan Energy to provide additional explanations on the participation of non-employees in the employee shareholding platform and the compliance of external member shareholding.

New stock news | Venus Information plans Hong Kong IPO. China Securities Regulatory Commission requires supplementary explanation of stock split arrangement and use of funds.

The China Securities Regulatory Commission has requested Wenshi Information to provide additional explanations on the specific plan and arrangement for splitting shares, and whether it will affect the quantity of shares issued in this offering.

The S&P 500 index fell by 1.01%, now trading at 7507.820 points; the Dow fell by 0.33%, now trading at 51392.922 points; the Nasdaq fell by 1.64%, now trading at 26389.816 points.

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