7*24

Hot topic

Market

Activities

On June 21, The Information reported that Singapore's national investment agency Temasek is continuing to increase its investments in artificial intelligence, with a scale of approximately $75 billion, drawing attention to the role of 'quiet sovereign capital as a key driver of the AI cycle.' Unlike venture capitalists and tech investors who are making high-profile bets on AI, Temasek has long adopted a more prudent, diversified, and cycle-oriented investment strategy, making it less of a market focal point. However, in this AI cycle, it has been steadily expanding its allocations in infrastructure, computing power, and the AI application ecosystem. Analysts believe that compared to high-risk, high-exposure investment institutions, sovereign funds like Temasek are more likely to serve as a 'stabilizer' for the long-term funding supply in the AI industry, continuously providing incremental capital amid cyclical fluctuations.

[Temasek's $75 Billion AI Investment Strategy Unveiled: Sovereign Capital Quietly Boosts AI Sector]On June 21, The Information reported that Singapore's national investment agency Temasek is continuing to increase its investments in artificial intelligence, with a scale of approximately $75 billion, drawing attention to the role of 'quiet sovereign capital as a key driver of the AI cycle.' Unlike venture capitalists and tech investors who are making high-profile bets on AI, Temasek has long adopted a more prudent, diversified, and cycle-oriented investment strategy, making it less of a market focal point. However, in this AI cycle, it has been steadily expanding its allocations in infrastructure, computing power, and the AI application ecosystem. Analysts believe that compared to high-risk, high-exposure investment institutions, sovereign funds like Temasek are more likely to serve as a 'stabilizer' for the long-term funding supply in the AI industry, continuously providing incremental capital amid cyclical fluctuations.

Temasek's $75 Billion AI Investment Strategy Unveiled: Sovereign Capital Quietly Boosts AI Sector

On June 22, Rogelio Quevedo, a commissioner of the Philippine Securities and Exchange Commission, stated that the country is ready for RWA tokenization.

[Philippine Securities and Exchange Commission: Ready for RWA Tokenization]On June 22, Rogelio Quevedo, a commissioner of the Philippine Securities and Exchange Commission, stated that the country is ready for RWA tokenization.

Philippine Securities and Exchange Commission: Ready for RWA Tokenization

On June 21, PRNewswire reported that Canton Strategic, a Nasdaq-listed company, announced that its board of directors has approved a $50 million stock buyback program. The buyback will be executed in accordance with U.S. securities laws through open market or other compliant methods. However, the timing, scale, and execution of the buyback will be adjusted or terminated based on market conditions, stock performance, trading volume, and regulatory environment, and there is no commitment to a minimum or fixed number of shares to be repurchased.

[Canton Strategic Launches $50 Million Stock Buyback Program]On June 21, PRNewswire reported that Canton Strategic, a Nasdaq-listed company, announced that its board of directors has approved a $50 million stock buyback program. The buyback will be executed in accordance with U.S. securities laws through open market or other compliant methods. However, the timing, scale, and execution of the buyback will be adjusted or terminated based on market conditions, stock performance, trading volume, and regulatory environment, and there is no commitment to a minimum or fixed number of shares to be repurchased.

Canton Strategic Launches $50 Million Stock Buyback Program

On June 21, sources reported that the second round of negotiations between the United States and Iran in Switzerland is set to begin.

[Second Round of US-Iran Talks in Switzerland Set to Begin]On June 21, sources reported that the second round of negotiations between the United States and Iran in Switzerland is set to begin.

Second Round of US-Iran Talks in Switzerland Set to Begin

On June 21, technology companies are reshaping the global investment landscape, with the Information Technology (IT) sector currently accounting for approximately 38% of the MSCI US Index. This index tracks large and mid-cap stocks in the U.S. stock market, covering about 85% of the total market capitalization. This share has significantly increased by 15 percentage points over the past four years. The IT sector also represents about 44% of the MSCI Emerging Markets (EM) Index, which covers large and mid-cap stocks from 24 emerging market countries, representing about 85% of each country's market capitalization. Since 2022, the contribution of technology to this index has more than doubled. During the same period, the IT sector's share in U.S. investment-grade bond issuance has increased more than threefold, reaching a record approximately 20%. The current market situation indicates that technology is everything.

[Tech Companies Reshape Global Investment Landscape, IT Sector Accounts for 38% of MSCI US Index]On June 21, technology companies are reshaping the global investment landscape, with the Information Technology (IT) sector currently accounting for approximately 38% of the MSCI US Index. This index tracks large and mid-cap stocks in the U.S. stock market, covering about 85% of the total market capitalization. This share has significantly increased by 15 percentage points over the past four years. The IT sector also represents about 44% of the MSCI Emerging Markets (EM) Index, which covers large and mid-cap stocks from 24 emerging market countries, representing about 85% of each country's market capitalization. Since 2022, the contribution of technology to this index has more than doubled. During the same period, the IT sector's share in U.S. investment-grade bond issuance has increased more than threefold, reaching a record approximately 20%. The current market situation indicates that technology is everything.

Tech Companies Reshape Global Investment Landscape, IT Sector Accounts for 38% of MSCI US Index

On June 21, Bernstein's star chip analyst Stacy Rasgon stated that this is the first time in his 18-year career that he has truly witnessed a semiconductor supercycle. With a PhD from MIT and an engineering background, Rasgon provided shocking data: the semiconductor industry surpassed $800 billion in total revenue last year and is racing towards $1.3 trillion this year, with all segments from accelerators to memory, semiconductor equipment, optical networking, power chips, and CPUs experiencing overwhelming demand. 'The only consensus we hear now is that no one's computing power is sufficient. For example, in memory, HBM in AI chips may occupy over 85% of the silicon area, and the silicon area required to manufacture 1GB of HBM is about four times that of standard DRAM, meaning that even if fabs ramp up production crazily, the actual increase in storage capacity remains very limited. This supply-demand mismatch has even benefited Intel—its inventory, which had been written down to zero, has been completely sold out, with customers saying they don't care and asking us to sell to them,' Rasgon pointed out. He noted that the industry's core focus is shifting from model training to AI inference, which is key to commercial monetization—training models themselves do not generate revenue; using the models does. Data from Anthropic shows that annualized revenue skyrocketed from about $9 billion in December last year to $30 billion in April this year, nearly a vertical increase. In the chip competition landscape, custom ASICs represented by Broadcom and NVIDIA GPUs are not a zero-sum game; 'the right pain point is whether the opportunity is still growing—if it is large enough, both will thrive.' Currently, Broadcom expects AI revenue to reach $100 billion next year, with ASICs accounting for about a dozen percentage points of the AI chip market revenue, which is expected to rise to 25%-30% in the future, but will not completely replace GPUs. Regarding inference chip startups like Groq, recently acquired by NVIDIA, Rasgon quoted Jensen Huang's judgment: not all tokens are the same, low-latency tokens are more valuable, and GPUs are not the optimal choice for all tasks. When asked about the most overlooked risk in the industry, Rasgon shifted the focus from silicon to the physical world—electricity. It is estimated that if NVIDIA's projected annual infrastructure investment of $3 to $4 trillion comes true, the U.S. power grid would need to expand by about 5% each year, a task that analysts in the power industry see as nearly impossible. This means the next wave of bottlenecks will fall on energy generation, cooling, and nuclear power sectors, 'but never underestimate human creativity; engineers always find a way when there is profit to be made.' Regarding Intel, the pragmatic strategy of new CEO Pat Gelsinger with low expectations and the better-than-expected yield of the new 18A process, along with significant investments from the government and NVIDIA, have greatly alleviated previous market concerns about the balance sheet. Rasgon concluded that as long as AI demand does not collapse, the supercycle across the entire industry chain will continue, and the capital market's focus must closely follow the capacity bottlenecks that traverse various segments.

[Bernstein Senior Analyst: The First True Chip Supercycle is Here, with 'Bottlenecks' as Wealth Creators]On June 21, Bernstein's star chip analyst Stacy Rasgon stated that this is the first time in his 18-year career that he has truly witnessed a semiconductor supercycle. With a PhD from MIT and an engineering background, Rasgon provided shocking data: the semiconductor industry surpassed $800 billion in total revenue last year and is racing towards $1.3 trillion this year, with all segments from accelerators to memory, semiconductor equipment, optical networking, power chips, and CPUs experiencing overwhelming demand. 'The only consensus we hear now is that no one's computing power is sufficient. For example, in memory, HBM in AI chips may occupy over 85% of the silicon area, and the silicon area required to manufacture 1GB of HBM is about four times that of standard DRAM, meaning that even if fabs ramp up production crazily, the actual increase in storage capacity remains very limited. This supply-demand mismatch has even benefited Intel—its inventory, which had been written down to zero, has been completely sold out, with customers saying they don't care and asking us to sell to them,' Rasgon pointed out. He noted that the industry's core focus is shifting from model training to AI inference, which is key to commercial monetization—training models themselves do not generate revenue; using the models does. Data from Anthropic shows that annualized revenue skyrocketed from about $9 billion in December last year to $30 billion in April this year, nearly a vertical increase. In the chip competition landscape, custom ASICs represented by Broadcom and NVIDIA GPUs are not a zero-sum game; 'the right pain point is whether the opportunity is still growing—if it is large enough, both will thrive.' Currently, Broadcom expects AI revenue to reach $100 billion next year, with ASICs accounting for about a dozen percentage points of the AI chip market revenue, which is expected to rise to 25%-30% in the future, but will not completely replace GPUs. Regarding inference chip startups like Groq, recently acquired by NVIDIA, Rasgon quoted Jensen Huang's judgment: not all tokens are the same, low-latency tokens are more valuable, and GPUs are not the optimal choice for all tasks. When asked about the most overlooked risk in the industry, Rasgon shifted the focus from silicon to the physical world—electricity. It is estimated that if NVIDIA's projected annual infrastructure investment of $3 to $4 trillion comes true, the U.S. power grid would need to expand by about 5% each year, a task that analysts in the power industry see as nearly impossible. This means the next wave of bottlenecks will fall on energy generation, cooling, and nuclear power sectors, 'but never underestimate human creativity; engineers always find a way when there is profit to be made.' Regarding Intel, the pragmatic strategy of new CEO Pat Gelsinger with low expectations and the better-than-expected yield of the new 18A process, along with significant investments from the government and NVIDIA, have greatly alleviated previous market concerns about the balance sheet. Rasgon concluded that as long as AI demand does not collapse, the supercycle across the entire industry chain will continue, and the capital market's focus must closely follow the capacity bottlenecks that traverse various segments.

Bernstein Senior Analyst: The First True Chip Supercycle is Here, with 'Bottlenecks' as Wealth Creators

On June 21, Iranian President Ebrahim Raisi stated: We will not give up our right to enrich uranium, and the other party must accept this.

[Iran Reiterates Its Right to Enrich Uranium]On June 21, Iranian President Ebrahim Raisi stated: We will not give up our right to enrich uranium, and the other party must accept this.

Iran Reiterates Its Right to Enrich Uranium

On June 21, sources reported that the United States hopes to conclude the first round of negotiations with Iran inviting UN nuclear inspectors to visit its nuclear facilities, which have previously been bombed by the US and Israel. The last such visit occurred in June 2025.

[US Seeks First Round of Talks to End with Iran Inviting UN to Visit Nuclear Facilities]On June 21, sources reported that the United States hopes to conclude the first round of negotiations with Iran inviting UN nuclear inspectors to visit its nuclear facilities, which have previously been bombed by the US and Israel. The last such visit occurred in June 2025.

US Seeks First Round of Talks to End with Iran Inviting UN to Visit Nuclear Facilities

On June 21, Trump posted on Truth Social stating that Iran must immediately stop its proxy in Lebanon (Hezbollah) from continuing to create incidents. If they do not do so, we will strike Iran hard again, just like last week, and it will be even harsher!

[Trump Threatens Iran to Control Hezbollah or Face Strikes Again]On June 21, Trump posted on Truth Social stating that Iran must immediately stop its proxy in Lebanon (Hezbollah) from continuing to create incidents. If they do not do so, we will strike Iran hard again, just like last week, and it will be even harsher!

Trump Threatens Iran to Control Hezbollah or Face Strikes Again

CryptoQuant analyst Axel Adler released a weekly market analysis report indicating that Strategy has essentially shifted from a Bitcoin leverage tool to a complex capital structure risk asset. It currently faces four major pressures: Bitcoin falling below the average cost line, declining financing ability of preferred stock STRC, the sale of Bitcoin breaking the narrative of 'buy and hold', and dilution pressure from stock issuance. However, Axel Adler believes that the current impact of Strategy on the Bitcoin market is moderately negative and does not constitute systemic risk, with no immediate need for large-scale Bitcoin sell-offs. Strategy has previously clarified that holding stock does not equate to holding Bitcoin, as there is no BTC redemption right and no mechanism similar to a spot ETF for maintaining synchronization between stock price and net asset value. If Bitcoin rises above its average cost and the market allows for the issuance of stocks and preferred shares at lower costs, Strategy may restart the 'Bitcoin flywheel' and restore market confidence.

[Analyst: Strategy Faces Four Major Pressures, No Systemic Risk Yet]CryptoQuant analyst Axel Adler released a weekly market analysis report indicating that Strategy has essentially shifted from a Bitcoin leverage tool to a complex capital structure risk asset. It currently faces four major pressures: Bitcoin falling below the average cost line, declining financing ability of preferred stock STRC, the sale of Bitcoin breaking the narrative of 'buy and hold', and dilution pressure from stock issuance. However, Axel Adler believes that the current impact of Strategy on the Bitcoin market is moderately negative and does not constitute systemic risk, with no immediate need for large-scale Bitcoin sell-offs. Strategy has previously clarified that holding stock does not equate to holding Bitcoin, as there is no BTC redemption right and no mechanism similar to a spot ETF for maintaining synchronization between stock price and net asset value. If Bitcoin rises above its average cost and the market allows for the issuance of stocks and preferred shares at lower costs, Strategy may restart the 'Bitcoin flywheel' and restore market confidence.

Analyst: Strategy Faces Four Major Pressures, No Systemic Risk Yet

China's Export Controls to Japan Create Bottleneck; 'White-Haired Stock God' Serenity Claims South Korea's Foosung to Become a 'Big Winner'

Claude to Mandate "Face-Scan ID Verification", No ID No Service Starting July?

Backpack Surges Over 150% in Half a Month

A Clod of Chinese Soil Chokes Two Japanese Giants

The Calculation Behind Plasma's U Card with Free Claude Membership

U.S.-Iran Ceasefire: How Much of a Bitcoin Rally Can a Truce Agreement Support?

World Cup Upset! Polymarket User Loses Nearly $1 Million

Can SK Hynix's Stock Double Again in This Rally?

Standard Chartered Bank Places a 40x 'Bet', Calls for UNI to Rise to $100

Cursor's New 1.5T Model Abandons Kimi Foundation, $60 Billion Stock Swap for Cursor, Musk's First Move Targets Microsoft's GitHub

Analyst: Strategy Faces Four Major Pressures, No Systemic Risk Yet

Penafian：Konten diatas tidak merepresentasikan posisi HTX.，HTX tidak memberikan rekomendasi perdagangan apa pun.。

Semua Komentar0TerkiniHangat

Topik Trending