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BlockBeats News, July 3 – Renowned analyst degentrading published an analysis on the recent market turbulence, stating that strong stocks have suffered a "massacre," potentially marking one of the most severe sell-offs in strong stocks since the internet bubble, with an overall decline of about 24%. The Nasdaq 100 closed down 1.6%, while the S&P 500 only dipped slightly. However, there has been extreme sector rotation beneath the surface, as evidenced by Apple rising 4.64% against the trend, indicating that the semiconductor sector was under pressure. Given that most hedge funds have been implicitly long on recent strong stocks, it is expected that the majority were either forcefully closed out or voluntarily reduced their positions during this round. This morning, the U.S. stock market closed its auction in a relatively orderly fashion, with closing strength exceeding expectations. Looking ahead, degentrading believes attention should be paid to the trading response of SK Hynix and Samsung Electronics during the Korean market session after a 14% plunge in SanDisk. degentrading stated that, despite personally carrying significant position risk, he will remain unwavering.

```htmlGolden Ten Data July 3rd｜Recently, Goldman Sachs released a research report, significantly raising the target price of Kioxia by 24.7%, from 93,000 yen to 116,000 yen, rating it as "Buy". Goldman Sachs stated that taking into account the recent supply and demand environment in the NAND flash memory market and the actual exchange rate for the first fiscal quarter, it has raised the operating profit forecasts for fiscal years 2027 to 2029 by 9%, 19%, and 29%, respectively. Additionally, considering Kioxia’s early repayment of priority loans to reduce interest burden, the earnings per share (EPS) forecasts for fiscal years 2027 to 2029 have been increased by 10%, 19%, and 29%. Goldman Sachs estimates that, on a calendar year basis, the average selling price (ASP) in 2026 will increase 4.5 times year-on-year, compared to the previous forecast of 4.3 times; ASP in 2027 will increase by 38% year-on-year, previously forecasted at 27%. Goldman Sachs believes that, against the backdrop of expanding AI demand, channel investigations show that major memory manufacturers maintain their preference for investing in DRAM; before 2028, the supply increase from new NAND wafer plants may be very limited.```

Spot platinum has just broken through the $1,650.00/ounce mark, now quoted at $1,649.57/ounce, up 1.86% on the day; Nymex platinum futures main contract is now quoted at $1,660.8/ounce, up 2.01% on the day;