News

Glonghui, June 24 – Capital.com analyst Daniela Hathorn stated in a report that upcoming US data will determine whether the current rally in the US dollar has further room to run. She noted that if inflation and labor market data continue to support the narrative of interest rates remaining elevated for a longer period, the US dollar should continue to find support. If price pressures begin to ease more rapidly, the market may start to question whether current interest rate expectations have become too aggressive. PCE data (the Federal Reserve’s preferred inflation gauge) and jobless claims data will be released on Thursday, and the nonfarm payrolls report will be released on July 2.

BlockBeats News, June 24th. On Wednesday, several Wall Street institutions issued important rating adjustments involving companies such as Nvidia, Tesla, AMD, Reddit, and Arm. Among them, Seaport reiterated a "sell" rating for Nvidia, stating that Nvidia's balance sheet burden both internally and externally continues to increase, and Broadcom has also joined the trend of revolving financing, indicating that the AI industry is facing a rising financing constraint. Stifel initiated coverage of BlackBerry for the first time and gave it a "buy" rating, stating that the market still incorrectly defines BlackBerry, as the company is no longer just an automotive supplier but a key software layer in the physical AI stack, collaborating with chip companies such as Nvidia, Qualcomm, and AMD. UBS reiterated a "buy" rating for AMD and raised the target price from $470 to $670, stating a more positive outlook for AMD as its standalone CPU architecture begins to gain market acceptance. TD Cowen reiterated a "buy" rating for Arm and raised the target price from $265 to $475, stating that Arm's $15 billion AGI CPU target for the 2031 fiscal year is reasonable, but GPU to CPU attachment rate and single-core pricing remain key variables. RBC reiterated a "outperform" rating for Tesla, expecting Tesla's second-quarter deliveries to be 405,000 vehicles, higher than Visible Alpha's consensus expectation of 401,000 vehicles. Needham reiterated a "buy" rating for Reddit, stating that Reddit has a rare competitive position and is basically unaffected by the agentive AI storm. In addition, Citizens initiated coverage of Bitdeer, CleanSpark, Keel Infrastructure, and MARA Holdings for the first time, all with an "outperform" rating, stating that these Bitcoin mining enterprises are converting their existing power capacity to provide high-performance computing to ultra-large-scale customers and large enterprises.

According to Golden Ten Data on June 24, MillTech analyst Nick Wood stated in a report that UK investors are eager to know who will be appointed as Chancellor of the Exchequer, as current Chancellor Reeves is likely to be replaced following Starmer's resignation as Prime Minister this week. For market confidence, the choice of Chancellor may be as important as the new Prime Minister. Investors are anxious to learn about the new leadership team's economic policies. As there have been no other contenders so far, leading candidate Andy Burnham seems increasingly likely to be appointed as the new Prime Minister without competition.