Key Events This Week: All Eyes On The First CPI Print Over 4% In 3 Years Before we look at the Fed, let's take another quick look at the rollercoaster of the past trading session: a hawkish Fed repricing after the payrolls report triggered a sharp US equity sell-off on Friday with the S&P 500 falling -2.64% (2.59% on the week), its worst day of the year so far, snapping a run of nine consecutive weekly gains. Tech led the declines, not helped by Broadcom’s softer earnings earlier in the week. The NASDAQ dropped -4.18% on Friday (4.68% on the week), while the Philadelphia semiconductor index plunged -10.26% - its worst day since March 2020, and dubbed the " Red Sox." All of this comes as tensions in the Middle East are building again with renewed strikes between Iran and Israel, despite what should be the 61st day of a truce or ceasefire. Iran targeted Israel with a missile attack yesterday after an Israeli strike in Beirut, while Israel’s military has responded with strikes against targets in Iran overnight. The IRGC warned yesterday evening that its actions would mark "a full week of continuous strikes", but there are also signs that the sides are looking to avoid a full escalation, with Axios reporting Israel strikes were “relatively limited” in scope and Iranian state media denying that it launched a strike towards a US airbase in Saudi Arabia after a missile alert there. The de-escalatory tone appears particularly evident from the US side, with Trump reportedly urging Israel not to strike back earlier last night, telling Axios that "The Iranian strikes didn't hurt anybody. Hopefully Israel is not going to retaliate.” This and the wider quotes from Mr Trump sound like a President who really doesn't want this war to escalate any further and is trying to find all ways to avoid it. Still, the events have further complicated the chances of an imminent deal. The key sticking points to a deal remain the release of Iran’s frozen assets, its stock of highly enriched uran...

Key PointsAcquisitions can help a business grow quickly, but there are challenges that come with them.

Key PointsBlue Origin's latest test launch failure illustrates the gap between SpaceX and the competition.

JHVEPhoto/iStock Editorial via Getty Images Marvell: AI growth prospects are going on a blistering run Marvell Technology, Inc. ( MRVL ) has really earned my respect as the market sends the stock on a rampaging run that has outperformed chip designer peers in the past few months. And I think the upside is truly driven markedly by its extensive networking specialization, even though it also has a very attractive and fast-growing XPU compute opportunity as well. Back in my previous update on MRVL, I urged investors not to rush in because I noticed that the stock had already gone on a surging run that could falter dramatically. The entry point didn't seem opportune for investors who missed earlier buying openings. Despite that, the stock has gone on another advancing phase, breaking through new highs and now touching the $324 level recently before pulling back to close the week at $263. Some profit-taking appears to have embroiled investors who rushed into MRVL last week, but it has yet to show a distinct bearish reversal demonstrating that we could be at the highest peak for MRVL. Yet with its earnings multiple now almost hitting 60x, I believe it is not the time for us to be heroic here or be bogged down by the fear of missing out again if you didn't manage to add MRVL before it went on this blistering run. So Marvell has indeed proved itself to be a highly capable differentiator based on its aggressive maneuvers to do M&As in the past few years, integrating Inphi and also Celestial AI recently. Nvidia CEO Jensen Huang ups the ante on Marvell Nvidia CEO Jensen Huang praises Marvell's prospects. (MarketWatch) It is ramping up its optical portfolio, especially into co-packaged optics, or CPOs, that have now finally entered prime time. We already know that Nvidia ( NVDA ) CEO Jensen Huang has now lauded Marvell to be the next $1 trillion company, upping the ante against Broadcom ( AVGO ), given its confidence in hitting $100 billion in revenue for 2027 and even more for...

Applied Digital (NASDAQ: APLD) roared higher in May's trading, bounding 38% higher across the stretch. Meanwhile, the S&P 500 rose 5.2% in the month, and the Nasdaq Composite jumped 8.4%. Investors were strongly bullish on the artificial intelligence (AI) trade last month, and many big names in the category saw massive valuation gains. Despite a pullback in June's trading, Applied Digital stock is up roughly 66% in 2026. Image source: Getty Images. Continue reading

Ceased Ceasefire? By Bas van Geffen, Senior Market Strategist at Rabobank There has been little progress in the US-Iran peace negotiations over the past weekend. In fact, it feels like the two sides have been walking backwards as the ceasefire is faltering. The US and Iran are still at odds over the frozen Iranian assets, which Iran wants released as part of any deal. But, yesterday, President Trump said that he will not unfreeze any amount of Iranian assets, nor lift sanctions, immediately after a deal is closed: “If they behave, if they do a good job, we start talking” about unfreezing these assets, he said. And, if it is up to the US Treasury, there may be few assets left by the time Trump is willing to talk. The Financial Times reports that Treasury Secretary Bessent is considering using the Iranian assets to pay for the rebuilding of Gulf countries that were hit by Iranian attacks. So, we’ve now moved from “the US and Gulf countries help with the reconstruction of Iran” to “Iran pays to rebuild the Gulf countries.” On top of that, new attacks put further pressure on the negotiations, and on the fragile ceasefire that was tacitly extended while negotiations are ongoing. US Central Command reported it took down two Iranian drones that threatened marine traffic near Hormuz, after Iran also fired missiles at Kuwait on Wednesday and at Bahrain on Friday. The US, meanwhile, has struck Iranian radar and surveillance sites. Fighting between Israel and Hezbollah is also still ongoing. Defence Minister Katz said the country’s air force had launched a strike on a command center in one of Beirut’s suburbs, in response to Hezbollah’s continuing attacks on Israel. That’s another red line for Iran, which has already retaliated overnight. This remained limited to a tokenistic firing of five missiles. Nonetheless, it’s the first time since the ceasefire that Iran directly targeted Israel. President Trump called on Netanyahu to refrain from further retaliation. However, this mor...

(RTTNews) - Apartment REITs, Equity Residential (EQR) and AvalonBay Communities, Inc. (AVB) on Monday announced that they have named the executive team that will lead their $69 billion merger of equals, with AvalonBay CEO Benjamin Schall to serve as president and CEO of the combi

Latam Airlines CEO Roberto Alvo says that high fuel prices could lead to capacity cuts and South American taxes are keeping some travelers out of the skies. Alvo spoke with Bloomberg's Guy Johnson on the sidelines of the IATA 2026 Conference. (Source: Bloomberg)

Alibaba Group Holding on Monday established a new unit called Token Foundry, consolidating key model-development teams as the Chinese technology giant steps up efforts to commercialise artificial intelligence and align its businesses around a unified AI strategy. The new division brings together Alibaba’s Tongyi Lab and Future Life Lab and will be led directly by CEO Eddie Wu Yongming, according to people familiar with the matter. Future Life Lab, previously housed within Taobao and Tmall Group,...

Stock Market Today: The Dow Jones index rose Monday on Trump's latest Iran comments. Marvell stock surged on news that it'll join the S&P 500.

格隆汇6月8日｜惠誉将全球油气行业展望上调至“改善”，因油价走高。惠誉预计，在霍尔木兹海峡关闭期间，6月至7月布伦特原油价格将维持在每桶100-110美元，随后到9月将回落至每桶约70美元。惠誉称，鉴于石油基础设施未受实质性破坏，预计海峡重开后产量将迅速恢复。惠誉对全球油气行业的展望是，预计到2026年第四季度市场将重回供过于求的情况，从而导致油价下跌。预计石油产量将在数周内回升至基本正常的水平。

Earnings Call Insights: AstroNova (ALOT) Q1 fiscal 2027 Management view CEO Jorik Ittmann said the quarter extended “momentum from the second half of last year” with “greater sales, marketing and operating discipline,” highlighting that “first quarter revenue grew over 4%” and “our bookings grew 32.6%,” while “margins also expanded nicely resulting in an adjusted EBITDA margin of 10.5%.” Ittmann positioned Aerospace as the key driver, stating, “The predominance of ToughWriter shipments and strong industry tailwinds are delivering growth and profitability,” and added, “we have captured a significant share of that opportunity with our ToughWriter printers,” alongside work “to improve our aftermarket service processes to increase throughput and capture more of that attractive business.” On Product ID, Ittmann said “revenue was slightly down from the prior year period” but emphasized “Operating income doubled,” attributing support to “Higher and sustained sales of certain legacy products” as the company manages “the ongoing transition to our newer Direct-to-Packaging Printer platform,” plus “improving productivity and better cost control.” Ittmann also cited a legal milestone: “The comprehensive settlement agreement announced in May resolved the arbitration and related proceedings tied to the MTEX acquisition,” which he said “removes a source of uncertainty and distraction.” Ittmann described leadership additions aimed at execution and channel alignment: “We have recently added a global sales director who is reshaping our channels to market,” and “We also have added a global operations director,” while reiterating, “the Board is evaluating a range of potential strategic alternatives to maximize shareholder value.” CFO Thomas DeByle said, “consolidated revenue increased to $39.4 million,” and detailed drivers including “Tariff mitigation actions contributed approximately $0.7 million to revenue in the quarter and foreign currency translation provided a $0.6 million benef...

Foresight Autonomous ( FRSX ) announced on Monday that it has entered into a definitive agreement with VisionWave ( VWAV ) for a strategic equity investment of up to $17.5M. Shares of FRSX and VWAV gained more than 31% and 4%, respectively, during early trading hours on Monday. Under the terms of the strategic investment, VisionWave will acquire a controlling 52% stake in Foresight through a two-stage transaction. In the first stage, VisionWave will receive 46% of Foresight’s issued and outstanding ordinary shares in exchange for VisionWave common stock with an aggregate value of approximately $15.5M. Upon achievement of a defined commercial milestone, VisionWave will receive an additional 6% stake in exchange for additional VisionWave shares valued at approximately $2M. VisionWave will also have the right to appoint two directors to Foresight’s board of directors upon stage 1 closing and one additional director upon stage 2 closing. Both companies will continue to operate as independent, publicly traded entities. The company highlighted that the investment is payable in shares of VisionWave’s common stock, reflecting a post-investment valuation of approximately $34M for Foresight. The investment is intended to enhance the firm's perception technologies with advanced artificial intelligence, or AI, capabilities, further strengthening its position in defense and security as part of the collaboration. Through this collaboration, Foresight’s high-resolution visible light, infrared, and neuromorphic sensor technologies will be integrated with VisionWave’s AI and radio frequency-based perception systems. Source: press release More on VisionWave Holdings, Inc., Foresight Autonomous Financial information for VisionWave Holdings, Inc. Seeking Alpha’s Quant Rating on Foresight Autonomous Historical earnings data for Foresight Autonomous Financial information for Foresight Autonomous

Micron stock rebounds along with chip sector following broader market rout Yahoo Finance

Nvidia stock was gaining early Monday as CEO Jensen Huang encouraged investors to look past the tumble in semiconductor stocks.

"We are at the outset of the AI revolution," Huang said, framing last week's $1 trillion-plus wipeout in chip stocks as a near-term positioning event rather than a signal of structural weakness in AI demand.

$NVIDIA (NVDA.US)$ Should I 210 take profit first? Moomoo

Source: Bloomberg, 0:00

John M. Chase/iStock Unreleased via Getty Images Today, I want to ask readers a question: how likely do you think Bitcoin USD ( BTC-USD ) is to eventually recover, at least partially, from current price levels? Even if you are a Bitcoin bear, do you think we are going to see Bitcoin go exactly to 0 in a straight line from here? If your answer is “likely not” rather than yes, I think Strategy Inc ( MSTR ) represents one of the most obvious buys in today’s market. Let me play devil’s advocate: Bitcoin will never become a reserve asset Bitcoin’s market cap at the time of writing is ~$1.22 trillion (with BTC trading at ~$61,000). For a supposed reserve asset, this is a small-ish asset class, in fact, smaller than even a company like Samsung Electronics Co., Ltd. ( SSNLF ). Bitcoin is only 14th among the largest assets on Earth (see below). As far as reserve assets go, gold is 25 times larger, while US treasuries held by central banks are worth at least 3 times more than Bitcoin’s total market cap. Companies Market Cap Let’s assume that bears are right, and Bitcoin never stood a chance at becoming a new, global reserve asset. Nor will it ever mature to become a top 5 asset by market cap, which would imply at least a ~3x return from current prices, and Bitcoin trading close to the $200,000 range. Even in that scenario, all that is needed for Bitcoin to go back to trading at ~$100,000 (its most obvious “psychological” threshold) is for an additional ~ $800 billion of capital to pour into it. Is Bitcoin at ~$100,000 compatible with a bearish scenario? This $800 billion figure is purely a market cap calculation that does not account for Bitcoin that is actually circulating and readily available to trade, from which its overall market cap is inferred. Bitcoin’s circulating supply is currently only about ~60% of the ~19.9 million that have been mined to date. Of these 12 million Bitcoins, only about ~2.7 million are on exchanges, meaning that they can be easily traded (see cha...

Broadcom (AVGO) Stock Falls 7% Despite $22.2 Billion Revenue and AI Growth FXLeaders

Wall Street analysts began coverage of recent initial public offering stock Cerebras Systems on Monday with buy ratings.

Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting with us, check out the Odd Lots Discord , where you can hang out and talk with us and with other listeners 24/7. Here’s what Tracy’s thinking about... Joe and I are in Hong Kong, which means I spent the weekend hitting up some of my favorite restaurants and shops in the city. One of those is (somewhat ironically, I guess) the Don Quijote on Queen’s Road Central. Don Quijote is actually a Japanese chain of discount stores, and was a pretty regular part of my life when I was in high school in Tokyo. If you haven’t been to a Don Quijote before, they have basically everything you can imagine — from basic groceries to luxury handbags. The store in Roppongi also had a defunct rollercoaster on its roof and a giant grouper in a fish tank in the lobby, just to add to the eccentricity. Anyway! I went there hoping to find some of the new bags of Calbee potato chips. Traditionally, these chips have been sold in colorful packages with a little potato mascot (“Potato Boy”) on them. But no longer. Now, the Calbee potato chips look like this: Calbee announced last month that it was switching from color packaging to black and white for its chip bags, citing a shortage shortage of naphtha, a key building block of commercial inks. In doing so, Calbee has become one of the most visible examples of companies adapting to the petrochemicals crunch created by the Iran War. But it’s definitely not the only one. More than 100 days into the conflict, we’re seeing both demand destruction due to high prices and substitution driven by shortages. In Asia, where the loss of Middle East supply is most acut...

There's a case for the Federal Reserve to "hike right now,'' and even if policymakers aren't ready yet, the bar to action is definitely getting lower, according to Collin Martin at the Schwab Center for Financial Research. He speaks with Jonathan Ferro and Annmarie Hordern on Bloomberg Television's "Surveillance.'' (Source: Bloomberg)

U.S. Stocks Move | Memory Chip Sector Rebounds Collectively; Micron Technology (MU.US) Rises Over 8% Moomoo

JHVEPhoto/iStock Editorial via Getty Images An information technology company called Flex Ltd. ( FLEX ) is set to join the S&P 500 Index this month, according to the fresh press release from S&P Global . The share price has rallied by around 150% year-to-date, and the S&P 500 inclusion is a robust bullish catalyst, as it will mean more funds and institutional investors buying the stock and drive demand for it. On top of that, the stock caught my attention as the Seeking Alpha Quant team upgraded it to 'Strong buy' in mid-May. Let's delve into fundamentals and valuation today in order to understand better the nature of increasing attention around FLEX. Fundamental analysis Flex Ltd. represents the industry of electronic manufacturing services ('EMS') with an extensive physical infrastructure of more than 100 facilities across 30 countries, staffed by approximately 150k employees . Three operating segments constitute the company's business with wide diversification across end markets. As the highlighted areas below suggest, Flex has exposure to some of the hottest secular trends of the modern era. Latest 10-K report, Flex Ltd. The ITS and RMS segments historically represented the lion's portion of the company's revenue. However, with rapidly growing demand from AI infrastructure buildout over the past few years, the CPI segment's share has increased significantly. Between FY2024 and FY2026, CPI's proportion in consolidated sales of Flex expanded from 12% to 24%. This segment recorded a 38% revenue growth in FY2026, fueled by strength in both sub-segments, with Cloud and Cooling growing by a 29% increase and Power growing by 61%. Latest 10-K report, Flex Ltd. All three segments are profitable, which is a positive sign as it indicates the strength of the business mix. Profitability of the ITS and RMS segments has been expanding over the past few years, which is another positive indicating operating leverage. The CPI segment had a solid profitability expansion in FY2025,...