Market Snapshot
Ahead of Monday's market open, U.S. equity index futures all rose, boosted by news of a peace agreement between the United States and Iran. As of this report, Dow Jones Industrial Average futures were up 0.98%, Nasdaq 100 futures rose 2.13%, and S&P 500 futures gained 1.3%.
After nearly four months of conflict with Iran, U.S.-Iranian negotiations have finally achieved a breakthrough. The United States, Iran, and key mediator Pakistan all confirmed that an agreement has been reached and will be formally signed in Switzerland this Friday. U.S. President Trump and Pakistani Prime Minister Shehbaz Sharif jointly announced that the United States and Iran have reached an agreement. Iran has also officially confirmed the conclusion of a memorandum of understanding on a ceasefire with the United States.
According to reports from China Central Television (CCTV) and other media outlets, on the 14th local time, U.S. President Trump stated that the agreement with Iran has now been finalized, fully reopening the Strait of Hormuz and authorizing the immediate lifting of the U.S. Navy’s blockade.
$Star Tech Stocks (LIST2518.US)$ Pre-market trading was broadly stronger across the board, Micron Technology (MU.US) surging nearly 8%, Advanced Micro Devices (AMD.US) rising more than 4%,$Intel (INTC.US)$ 、 $Broadcom (AVGO.US)$ Increasing over 3%, $NVIDIA(NVDA.US)$ 、 $Tesla (TSLA.US)$ and others followed the upward trend.
$Optical Communications (LIST23979.US)$ related concept stocks collectively surged, $AXT Inc(AXTI.US)$ jumping over 13%, $Marvell Technology (MRVL.US)$ 、 $Applied Optoelectronics (AAOI.US)$ Up over 5%, $Lumentum (LITE.US)$ 、 $Credo Technology (CRDO.US)$ increased by over 4%.
$Storage Concept (LIST23925.US)$ maintaining strong momentum, Micron Technology (MU.US) Surging over 8%, SanDisk (SNDK.US) 、 $Seagate Technology (STX.US)$ 、 $Western Digital (WDC.US)$ All rose by approximately 7%.
Bitcoin rebounded above $66,000,$Cryptocurrency concept stocks (LIST20010.US)$a broad-based rise,$Strategy(MSTR.US)$ 、 $IREN Ltd(IREN.US)$ with gains exceeding 6%. $Robinhood(HOOD.US)$ 、 $Circle(CRCL.US)$ 、 Coinbase All rose by approximately 5%.
Individual Stock News
Up more than 5% in pre-market trading! Wall Street debates whether SpaceX is a blessing or a curse for investors.
Last Friday, $SpaceX (SPCX.US)$ it made a strong debut on the U.S. stock market, closing up 19.22%, with its market capitalization surging to $2.1 trillion—surpassing Broadcom, Saudi Aramco, and Tesla to become the world’s seventh-largest publicly traded company. Elon Musk, the man behind SpaceX, saw his personal net worth rise accordingly to $1.1 trillion. But is this development ultimately a blessing or a curse for retail investors? In a recent interview, former Tesla board member Steve Westly noted that SpaceX has attracted a large number of retail investors, but he also added that SpaceX must deliver strong financial performance as soon as possible.
However, this week the Federal Reserve may bring some rationality back to Wall Street’s high-flying stocks. SpaceX’s listing comes at a delicate moment: equity valuations are stretched, inflation remains persistently above the Fed’s 2% target, and the AI-driven rally that has powered much of the market’s gains is becoming increasingly capital-intensive. Analysts say that any move by newly appointed Fed Chair Kevin Warsh at his first meeting this week could quickly test the risk appetite that SpaceX has helped exemplify. As of now, SpaceX is up more than 5% in pre-market trading, $Rocket Lab (RKLB.US)$ 、 $AST SpaceMobile (ASTS.US)$ with other space-related stocks rising in tandem.
Micron Technology surged more than 7% in pre-market trading after two investment banks significantly raised their price targets.
Micron Technology jumped 7.85% in pre-market trading. On the news front, at least two investment banks substantially raised their price targets for the company. TD Cowen increased its price target for Micron Technology from $660 to $1,500, while Royal Bank of Canada raised its target from $525 to $1,200.
Advanced Micro Devices (AMD) rises more than 4% in pre-market trading as Citi significantly revises upward its financial forecasts for AMD’s AI business and upgrades its rating to 'Buy.'
Advanced Micro Devices (AMD.US) Shares rose 4.25% in pre-market trading to $533.30. News emerged that Citi recently upgraded AMD's stock rating from 'Neutral' to 'Buy,' raising its price target sharply from $460 to $575. Citi analyst Atif Malik’s bullish outlook is largely based on AMD’s GPU sales prospects. 'The market is currently mispricing AMD. Most investors still view AMD primarily as a CPU play, and the current share price implies only about a 60% probability that AMD will achieve over $50 billion in GPU revenue by 2028,' he noted, arguing this significantly undervalues the wave AMD is poised to generate in the GPU market.
Wolfspeed surges nearly 13% in pre-market trading as its fifth-generation SiC MOSFET technology sparks strong market interest.
Silicon carbide-related stocks rise in pre-market trading $Wolfspeed (WOLF.US)$ Shares jumped 13% in pre-market trading to $48.98. Wolfspeed recently announced the launch of its fifth-generation (Gen 5) silicon carbide (SiC) MOSFET technology, targeting next-generation 1200V and 750V automotive and industrial applications. Specific on-resistance (RSP) is a key figure of merit for evaluating active die area efficiency in MOSFETs. Wolfspeed’s Gen 5 technology delivers the industry’s highest current-carrying capability per unit area within a 5×5mm package, enabling system efficiency gains of up to 27% compared to competing solutions.
Fox Corporation falls 15% in pre-market trading after reports surface that Fox will acquire Roku in an all-cash and stock transaction valued at $160 per share.
On June 15, 2026, $Fox Corporation-A(FOXA.US)$and$Roku Inc (ROKU.US)$ The company announced today that both parties have entered into a definitive agreement under which FOX will acquire Roku for $160.00 per share in a combination of cash and stock. The acquisition of FOX Class A common stock values Roku’s enterprise at approximately $22 billion. As of now, $Fox Corporation-A(FOXA.US)$ shares plunged nearly 15% in pre-market trading.
The transaction will combine FOX’s leading sports, news, and entertainment content along with its Tubi service with Roku’s leading connected TV platform—the Roku Channel—its first-party data, and its direct relationships with over 100 million streaming households globally.
Meta shifts from 'pushing AI adoption' to 'managing AI use,' with Zuckerberg acknowledging a misstep.
$Meta Platforms(META.US)$ It is now hitting the brakes on its AI ambitions. After months of aggressively encouraging employees to use AI tools, the social media giant has shifted focus to curbing internal AI token consumption and addressing an internal crisis triggered by aggressive restructuring—soaring costs and collapsing employee morale are simultaneously pressuring management.
According to an internal memo reviewed by The Information, Meta informed approximately 6,000 employees this week that its internal AI usage alone is projected to cost several billion dollars in 2026, and the company plans to formally implement a token management system centered on budgets and quotas starting in 2027. Meanwhile, CEO Mark Zuckerberg acknowledged in another internal memo that the company had 'made mistakes' during its AI-driven team reorganization and pledged to offer 'meaningful roles' to affected employees.
Global Macro
Waller’s debut arrives this week—economists spotlight 'three key points'!
This week, newly appointed Federal Reserve Chair Kevin Warsh is set to preside over his firstFederal Open Market CommitteeFederal Open Market Committee (FOMC) meeting, facing not only a more 'hawkish' Federal Reserve but also mounting pressure from various quarters for further interest rate hikes.
However, economists still seem uncertain about what to expect from Warsh’s ‘debut.’ Rate cuts—long advocated by Warsh during his campaign and consistently championed by U.S. President Trump as a key criticism of former Chair Powell—have become less likely following the outbreak of the U.S.-Iran war.
Moreover, Warsh has previously pledged to implement ‘institutional reforms’ at the Fed, including changes to its communication approach and the size of its balance sheet. Economists will now closely monitor whether there are any signs that these promised reforms will be implemented, starting with the press conference itself.
In addition to the Federal Reserve, the Bank of England and the Bank of Japan will also announce interest rate decisions. Furthermore, the central banks of Brazil, Sweden, Norway, and Switzerland will release their monetary policy decisions.
Iranian authorities stated that the entry and exit channels of the Strait of Hormuz remain closed.
On the 15th local time, Iranian sources informed reporters that, for over 96 hours, the Islamic Revolutionary Guard Corps Navy had not issued any transit permits. Until further notice, the Strait of Hormuz is closed to all vessels. Earlier, vessel-tracking data from the international maritime information platform MarineTraffic showed that the liquefied natural gas carrier 'Disha' passed through the Strait of Hormuz into the Gulf of Oman on the 15th. As of now, the 'Disha' remains the only large energy transport vessel to have transited the Strait of Hormuz on the 15th. (CCTV News)
U.S.-Iran deal drives sharp drop in oil prices, but Wall Street warns that eased pressure does not signal the end of high prices
U.S. President Trump announced Sunday evening on Truth Social that a deal with Iran has been finalized. Pakistani Prime Minister Shehbaz Sharif also stated that the formal signing ceremony is expected to take place in Switzerland on Friday. This news significantly boosted global market sentiment, with major Asian equity indices closing higher across the board and prices of gold and base metals rebounding sharply. Meanwhile, Brent crude oil prices plunged, falling nearly 5% to around $83 per barrel as of the time of writing.
However, oil analysts noted that markets may not continue to see steep declines in oil prices, as it will take longer to rebuild confidence among shipowners, insurers, and refiners. Many buyers have already secured alternative supplies and shipping routes to manage disruptions, meaning Middle Eastern oil trade is unlikely to return immediately to pre-conflict levels.
Tech stocks no longer stand alone! Morgan Stanley’s Wilson turns bullish on cyclical sectors: regional banks and transportation stocks poised for catch-up gains
The imminent U.S.-Iran peace agreement is boosting market risk appetite. Wall Street strategists believe the momentum behind U.S. equity gains is broadening from tech stocks to cyclical sectors. In a Monday report, Morgan Stanley strategist Wilson noted that gradual resumption of transit through the Strait of Hormuz, coupled with diminishing headwinds from interest rates, oil prices, and the U.S. dollar, is creating favorable conditions for cyclical sectors to catch up. He maintains a bullish stance on undervalued cyclical segments such as consumer discretionary, transportation, and regional banks, adding that despite recent outperformance relative to the S&P 500, market sentiment and positioning remain 'pessimistic and subdued.'
Regarding the recent market correction led by memory chip stocks, Wilson attributes it primarily to slowing earnings momentum rather than deteriorating fundamentals, characterizing it as a normal correction within an earnings-driven bull market.
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Editor /rice