News

BlockBeats News, June 9th. Goldman Sachs released a report stating that they expect continued market tightness to drive Micron's performance significantly above market consensus and company guidance. The firm had previously raised the overall industry outlook and anticipates the tightness to persist throughout the 2027 fiscal year, bringing higher pricing and profit margins to the industry. Considering the significant stock price increase and the market's optimistic view on long-term customer agreements, investors remain very bullish on the stock. Goldman Sachs expects Micron's third-quarter revenue at the end of May to be about 9% higher than market consensus, and driven by pricing tailwinds, they anticipate significant sequential revenue growth for the quarter ending in late August. The firm forecasts last quarter's revenue, gross margin, and earnings per share to be $37.6 billion, 83.4%, and $22.07, respectively, compared to market consensus of $34.4 billion, 81.9%, and $19.74. For the 2026 fiscal year, the firm's revenue and EPS estimates for Micron are 30% and 36% higher than the market consensus. Goldman Sachs has raised Micron's price target from $400 to $900 and maintains a "Neutral" rating.

BlockBeats News, June 9th, according to an official announcement from Pendle, Europe's largest fintech company Revolut has officially launched Pendle. Currently, around 20 million crypto users in the UK, EU, Norway, Iceland, and Liechtenstein can directly access Pendle through their everyday banking app to trade within regulated channels without the need for a DeFi front end.

On June 9, at 16:30, the onshore Renminbi against the US dollar closed at 6.7702, an increase of 142 points compared to the previous trading day.