Trump predicts US-Iran deal within a week; Google raises $80 billion for AI; Anthropic files for IPO; Intel CEO to speak at ComputeX.

Trump: Agreement with Iran Expected Within a Week

On June 1, U.S. President Donald Trump announced that he anticipates reaching an agreement with Iran within the next week to extend the current ceasefire and reopen the Strait of Hormuz. He expressed optimism about the progress of negotiations.

Morgan Stanley: Super Cycle in Storage Market

Morgan Stanley has significantly raised its global storage market expectations, predicting a market size of $1.7 trillion by 2028. The demand for AI is shifting from GPUs to CPUs, leading to unexpected growth in server memory demand. The supply-demand gap for HBM is expected to persist until 2028.

Copper Prices Rise Ahead of U.S. Tariff Review

On the first trading day of June, copper futures in New York and London rose amid anticipation of a new round of U.S. copper tariffs. The U.S. Department of Commerce is required to submit a market assessment report by June 30. Analysts from Goldman Sachs and Citigroup have noted a weakening supply outlook, while demand from AI and energy transition continues to support copper prices.

Major Indices Reach New Highs Led by Nvidia

On Monday, U.S. stock indices closed slightly higher, with all three reaching new closing highs. The Dow Jones rose 0.09% to 51,078.88 points, the Nasdaq increased by 0.42% to 27,086.81 points, and the S&P 500 gained 0.26% to 7,599.97 points. Nvidia led tech stocks with a 6.26% increase.

HPE Reports Strong Q2 Earnings

Hewlett Packard Enterprise (HPE) reported Q2 revenue of $10.7 billion, a 40% year-over-year increase, exceeding analyst expectations. The company's stock surged over 36% in after-hours trading following the announcement.

Alphabet Announces $80 Billion Financing Plan

On June 1, Alphabet announced plans to raise $80 billion, which includes a $30 billion public offering and a $40 billion market offering. Berkshire Hathaway will invest $10 billion through a private placement. The funds will be used to expand AI infrastructure.

Credo Technology Exceeds Earnings Expectations

Credo Technology reported Q4 revenue of $437 million, a 157% increase year-over-year, surpassing expectations. Despite this, the stock fell nearly 19% in after-hours trading.

SoftBank Bets Big on European AI

SoftBank announced plans to invest $87 billion in building Europe's largest AI infrastructure, with a projected 5GW data center capacity. CEO Masayoshi Son believes this revolution could be 10 to 50 times larger than the internet era.

Strategy Sells Bitcoin for $2.5 Million

Strategy sold 32 bitcoins at an average price of $77,135 each, totaling approximately $2.5 million, marking its first official Bitcoin sale.

Anthropic Files for IPO

Anthropic has confidentially filed for an IPO, potentially becoming the largest public offering in the AI sector. This move positions them ahead of competitors like OpenAI.

Jamie Dimon Criticizes Coinbase CEO

JPMorgan CEO Jamie Dimon criticized Coinbase CEO Brian Armstrong regarding the Clarity Act, emphasizing that crypto platforms should adhere to the same regulations as banks.

Hong Kong Stock Market Activity

On June 1, southbound funds net bought HK stocks worth HKD 4.657 billion, with notable purchases in 康方生物 and 腾讯控股.

Meituan Reports Q1 Earnings

Meituan's Q1 revenue reached 91 billion yuan, a 5.6% year-over-year increase, exceeding expectations. However, the company reported a significant loss, prompting a strategic focus on AI investments.

SK Hynix Fire Update

SK Hynix reported that production at its factory was not interrupted by a recent fire, and an investigation into the cause is ongoing.

Economic Data Releases

Upcoming economic data includes Eurozone May CPI, South Korea May CPI, and U.S. April JOLTs job openings.