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On June 2, the U.S. stock market may continue to set new records, but Wall Street analysts tracking these markets are not in a hurry to keep pace with the rising trend. Researchers are downgrading ratings for companies within the S&P 500 index. According to Jefferies, the proportion of components rated 'buy' in the broader Russell 3000 index is nearly the same as it was four years ago, significantly lower than the peak levels during the dot-com bubble. Regardless of the exact reasons behind this new skepticism, it is seen as a positive development. From a contrarian perspective, this suggests that market sentiment has not yet reached the kind of extreme exuberance typically indicative of a market top. Andrew Greenbein, Senior Vice President of Equity Research Product Management at Jefferies, stated, 'I usually consider market sentiment from the perspective of whether there are more new buyers or sellers. Currently, the sell side has not shown any signs of buying.'

[Wall Street Analysts Begin to Express Skepticism After Two Months of Rising Stock Market]On June 2, the U.S. stock market may continue to set new records, but Wall Street analysts tracking these markets are not in a hurry to keep pace with the rising trend. Researchers are downgrading ratings for companies within the S&P 500 index. According to Jefferies, the proportion of components rated 'buy' in the broader Russell 3000 index is nearly the same as it was four years ago, significantly lower than the peak levels during the dot-com bubble. Regardless of the exact reasons behind this new skepticism, it is seen as a positive development. From a contrarian perspective, this suggests that market sentiment has not yet reached the kind of extreme exuberance typically indicative of a market top. Andrew Greenbein, Senior Vice President of Equity Research Product Management at Jefferies, stated, 'I usually consider market sentiment from the perspective of whether there are more new buyers or sellers. Currently, the sell side has not shown any signs of buying.'

Wall Street Analysts Begin to Express Skepticism After Two Months of Rising Stock Market

On June 2, IBM announced plans to invest over $10 billion in the field of quantum computing over the next five years. This investment will cover research and development, capital expenditures, manufacturing scalability, ecosystem collaboration, and acquisitions. These areas are designed to accelerate IBM's quantum roadmap, aiming to deliver the world's first large-scale fault-tolerant quantum computer by 2029.

[IBM Commits Over $10 Billion Investment in Quantum Computing]On June 2, IBM announced plans to invest over $10 billion in the field of quantum computing over the next five years. This investment will cover research and development, capital expenditures, manufacturing scalability, ecosystem collaboration, and acquisitions. These areas are designed to accelerate IBM's quantum roadmap, aiming to deliver the world's first large-scale fault-tolerant quantum computer by 2029.

IBM Commits Over $10 Billion Investment in Quantum Computing

On June 2, the U.S. stock market may continue to set new records, but Wall Street analysts responsible for tracking these markets are not in a hurry to keep pace with the upward trend. Researchers are downgrading ratings for companies in the S&P 500 index. According to Jefferies, the proportion of components rated 'buy' in the broader Russell 3000 index is nearly the same as it was four years ago, significantly lower than the peak levels during the dot-com bubble. Regardless of the exact reasons behind this new skepticism, it is seen as a positive development. From a contrarian perspective, this indicates that market sentiment has not yet reached the kind of extreme exuberance typically associated with market tops. Andrew Greenbaum, Senior Vice President of Equity Research Product Management at Jefferies, stated, 'I usually consider market sentiment from the perspective of whether there are more new buyers or sellers. Currently, the sell side has not shown any signs of buying.'

[Wall Street Analysts Begin to Express Doubt After Two Months of Stock Market Gains]On June 2, the U.S. stock market may continue to set new records, but Wall Street analysts responsible for tracking these markets are not in a hurry to keep pace with the upward trend. Researchers are downgrading ratings for companies in the S&P 500 index. According to Jefferies, the proportion of components rated 'buy' in the broader Russell 3000 index is nearly the same as it was four years ago, significantly lower than the peak levels during the dot-com bubble. Regardless of the exact reasons behind this new skepticism, it is seen as a positive development. From a contrarian perspective, this indicates that market sentiment has not yet reached the kind of extreme exuberance typically associated with market tops. Andrew Greenbaum, Senior Vice President of Equity Research Product Management at Jefferies, stated, 'I usually consider market sentiment from the perspective of whether there are more new buyers or sellers. Currently, the sell side has not shown any signs of buying.'

Wall Street Analysts Begin to Express Doubt After Two Months of Stock Market Gains

On June 2, the whale 'Set 10 Major Goals' shared on platform X that it has closed its Bitcoin short position, realizing a profit of $3.3 million. Screenshots show that the position was opened on May 28 with a 4x leverage of 2,739.071 Bitcoin at a price of $73,000, and it was closed yesterday at an average price of $71,834.9.

[Whale 'Set 10 Major Goals' Closes Bitcoin Short Position, Profiting $3.3 Million]On June 2, the whale 'Set 10 Major Goals' shared on platform X that it has closed its Bitcoin short position, realizing a profit of $3.3 million. Screenshots show that the position was opened on May 28 with a 4x leverage of 2,739.071 Bitcoin at a price of $73,000, and it was closed yesterday at an average price of $71,834.9.

Whale 'Set 10 Major Goals' Closes Bitcoin Short Position, Profiting $3.3 Million

On June 2, U.S. cloud computing service providers saw a pre-market surge, with NEBIUS rising over 6% before the market opened. The stock had surged over 14% yesterday, reaching an all-time high. CoreWeave also saw a pre-market increase of over 4%, after closing nearly 14% higher yesterday.

[Cloud Computing Provider NEBIUS Rises Over 6% in Pre-Market]On June 2, U.S. cloud computing service providers saw a pre-market surge, with NEBIUS rising over 6% before the market opened. The stock had surged over 14% yesterday, reaching an all-time high. CoreWeave also saw a pre-market increase of over 4%, after closing nearly 14% higher yesterday.

Cloud Computing Provider NEBIUS Rises Over 6% in Pre-Market

On June 2, according to an official announcement, Strategy announced that it is proposing to adjust the dividend distribution frequency of its STRC preferred shares from the current once a month to twice a month (semi-monthly). The company stated that if the proposal is approved and officially implemented, it will help shorten the waiting time for dividend reinvestment, enhance market liquidity and trading efficiency, and strengthen stock price stability. Strategy mentioned that shareholders can vote on the relevant amendment through their brokerage accounts. During the voting process, the proxy solicitation agency Alliance Advisors may contact shareholders to assist with the voting procedure. This agency is an authorized partner of Strategy responsible for matters related to this shareholder vote. Additionally, Strategy reminds investors who hold both MSTR common shares and STRC preferred shares to vote separately in support of the proposal for both types of shares. According to the company's disclosure, the amendment can only officially take effect if both MSTR and STRC shareholders approve it. In a report yesterday, Strategy disclosed that it sold 32 bitcoins last week, breaking the myth of 'never selling coins'.

[Strategy Proposes Increasing STRC Dividend Frequency from Monthly to Bi-Monthly]On June 2, according to an official announcement, Strategy announced that it is proposing to adjust the dividend distribution frequency of its STRC preferred shares from the current once a month to twice a month (semi-monthly). The company stated that if the proposal is approved and officially implemented, it will help shorten the waiting time for dividend reinvestment, enhance market liquidity and trading efficiency, and strengthen stock price stability. Strategy mentioned that shareholders can vote on the relevant amendment through their brokerage accounts. During the voting process, the proxy solicitation agency Alliance Advisors may contact shareholders to assist with the voting procedure. This agency is an authorized partner of Strategy responsible for matters related to this shareholder vote. Additionally, Strategy reminds investors who hold both MSTR common shares and STRC preferred shares to vote separately in support of the proposal for both types of shares. According to the company's disclosure, the amendment can only officially take effect if both MSTR and STRC shareholders approve it. In a report yesterday, Strategy disclosed that it sold 32 bitcoins last week, breaking the myth of 'never selling coins'.

Strategy Proposes Increasing STRC Dividend Frequency from Monthly to Bi-Monthly

On June 2, it was reported that on June 1, Wang Lei, Deputy Secretary of the Working Committee and Director of the Management Committee of the Beijing Economic and Technological Development Zone, presided over a symposium for space computing enterprises. The meeting aimed to gather opinions and suggestions from relevant companies on creating a highland for the space computing industry in Beijing's Yizhuang area and to discuss the construction of the Space Computing Innovation Center. Attending entrepreneurs unanimously expressed that space computing represents a new track for the integration of commercial aerospace and the digital economy, becoming a new frontier in global technological competition with significant strategic value and commercial prospects. Recently, the Beijing Economic Development Zone initiated the establishment of the Beijing Space Intelligent Computing Research Institute, marking an important step in the high-level construction of the Space Computing Innovation Center. This initiative is a key move to transform the space computing industry from blueprint to reality. Companies will actively participate in the construction of the research institute, leveraging their respective advantages in satellite manufacturing, computing chips, communication payloads, energy materials, software scheduling, and precision devices. Together, they will tackle key common technical challenges such as radiation-resistant chips for satellites, inter-satellite laser communication, and efficient thermal control energy supply, accelerating the on-orbit verification and large-scale networking of computing satellites. The goal is to create a complete innovation chain and industrial chain of 'constellation + terminal + service,' promoting the establishment of an independent, controllable, secure, and trustworthy space computing technology and standards system, contributing wisdom and strength to China's goal of becoming a space power and a strong network nation. (Securities Times)

[Beijing Economic Development Zone Holds Symposium on Space Computing Enterprises to Discuss Innovation Center Construction]On June 2, it was reported that on June 1, Wang Lei, Deputy Secretary of the Working Committee and Director of the Management Committee of the Beijing Economic and Technological Development Zone, presided over a symposium for space computing enterprises. The meeting aimed to gather opinions and suggestions from relevant companies on creating a highland for the space computing industry in Beijing's Yizhuang area and to discuss the construction of the Space Computing Innovation Center. Attending entrepreneurs unanimously expressed that space computing represents a new track for the integration of commercial aerospace and the digital economy, becoming a new frontier in global technological competition with significant strategic value and commercial prospects. Recently, the Beijing Economic Development Zone initiated the establishment of the Beijing Space Intelligent Computing Research Institute, marking an important step in the high-level construction of the Space Computing Innovation Center. This initiative is a key move to transform the space computing industry from blueprint to reality. Companies will actively participate in the construction of the research institute, leveraging their respective advantages in satellite manufacturing, computing chips, communication payloads, energy materials, software scheduling, and precision devices. Together, they will tackle key common technical challenges such as radiation-resistant chips for satellites, inter-satellite laser communication, and efficient thermal control energy supply, accelerating the on-orbit verification and large-scale networking of computing satellites. The goal is to create a complete innovation chain and industrial chain of 'constellation + terminal + service,' promoting the establishment of an independent, controllable, secure, and trustworthy space computing technology and standards system, contributing wisdom and strength to China's goal of becoming a space power and a strong network nation. (Securities Times)

Beijing Economic Development Zone Holds Symposium on Space Computing Enterprises to Discuss Innovation Center Construction

On June 2, according to The Paper, Intel CEO Pat Gelsinger stated in a media interview at the Taipei Computer Show that the demand for CPUs is increasing, but supply is constrained. Over the past four weeks, many company CEOs have called him requesting more CPUs, which presents an opportunity for Intel. Gelsinger noted that Intel has made significant progress in its foundry business and is in discussions with many potential customers. Click the link below to join the Beating · Feishu AI news channel, which monitors global AI hotspots and news 24/7.

[Intel CEO: Growing Demand for CPUs, Many Company CEOs Requesting More Supply]On June 2, according to The Paper, Intel CEO Pat Gelsinger stated in a media interview at the Taipei Computer Show that the demand for CPUs is increasing, but supply is constrained. Over the past four weeks, many company CEOs have called him requesting more CPUs, which presents an opportunity for Intel. Gelsinger noted that Intel has made significant progress in its foundry business and is in discussions with many potential customers. Click the link below to join the Beating · Feishu AI news channel, which monitors global AI hotspots and news 24/7.

Intel CEO: Growing Demand for CPUs, Many Company CEOs Requesting More Supply

On June 2, according to the Securities Times, Tiger International announced that in order to comply with industry regulatory requirements during a two-year concentrated rectification period and to promote the standardized development of cross-border securities business, it will make corresponding adjustments to the services for existing investor accounts in China. Starting from June 12, 2026, Beijing time, for trading services within the country, all new positions and increases in stocks and other varieties will be suspended, and only sell and close operations will be supported. For fund transfer services within the country, fund inflows will be suspended, while outflows will remain normal to ensure the safety of customer funds. Tiger stated that this adjustment will not affect the services provided to existing investors overseas, nor will it impact the safety of existing assets for all customers. Customers can still normally check their accounts, hold, and sell existing positions.

[Tiger International: Suspension of New Positions and Increases for Existing Investors in China Starting June 12]On June 2, according to the Securities Times, Tiger International announced that in order to comply with industry regulatory requirements during a two-year concentrated rectification period and to promote the standardized development of cross-border securities business, it will make corresponding adjustments to the services for existing investor accounts in China. Starting from June 12, 2026, Beijing time, for trading services within the country, all new positions and increases in stocks and other varieties will be suspended, and only sell and close operations will be supported. For fund transfer services within the country, fund inflows will be suspended, while outflows will remain normal to ensure the safety of customer funds. Tiger stated that this adjustment will not affect the services provided to existing investors overseas, nor will it impact the safety of existing assets for all customers. Customers can still normally check their accounts, hold, and sell existing positions.

Tiger International: Suspension of New Positions and Increases for Existing Investors in China Starting June 12

On June 1, the Listing Review Committee of the Shanghai Stock Exchange held its 31st meeting for 2026, and the review results indicated that Yushu Technology Co., Ltd. meets the conditions for issuance, listing, and information disclosure requirements.

[Yushu Technology's IPO Approved by Sci-Tech Innovation Board]On June 1, the Listing Review Committee of the Shanghai Stock Exchange held its 31st meeting for 2026, and the review results indicated that Yushu Technology Co., Ltd. meets the conditions for issuance, listing, and information disclosure requirements.

Yushu Technology's IPO Approved by Sci-Tech Innovation Board

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Article

BTC drops below 72000 USDT

BTC drops below 71000 USDT

Yushu Technology's IPO Approved by Sci-Tech Innovation Board

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