News

1. The three major US stock index futures all rose: Nasdaq futures increased by 2.34%, S&P 500 futures rose 0.92%, and Dow Jones futures went up 0.32%.2. All major European stock indices rose collectively: Germany's DAX index increased by 1.01%, UK's FTSE 100 rose by 0.86%, France's CAC index grew by 0.66%, and the Euro Stoxx 50 index was up 0.9%.3. The US May core PCE price index year-on-year recorded 3.4%, in line with market expectations and reaching a new high since October 2023.4. The final value of the US Q1 annualized real GDP growth rate was 2.1%, expected at 1.6%, previous value was 1.6%.5. US initial jobless claims for the week ending June 20 were 215,000, expected 225,000, previous value revised from 226,000 to 227,000.6. Micron delivered an epic financial report: the third quarter gross margin soared to 84.9%. Both revenue (41.46 billion USD) and net profit (28.24 billion USD) hit all-time highs.7. Jensen Huang stated at the Nvidia shareholders’ meeting: Useful AI has already arrived and is able to make money; this round of AI infrastructure cycle will last for decades.8. Qualcomm fully entered the AI data center business, significantly raising its non-mobile business revenue guidance for fiscal year 2029 to 40 billion USD.9. Elon Musk's wealth has dropped below the 1 trillion USD mark, and the proportion of short positions in SpaceX rose to 13%.10. IBM launched the world's first sub-1 nanometer chip technology, with the new chip design offering up to 50% performance improvement.11. Microsoft’s quantum computing research faces further academic challenges; an article in Nature stated that the so-called major breakthrough may lack sufficient evidence.12. Apple reportedly cooperated with Intel to make chips, with analysis suggesting mass production will still require another 2 to 3 years at the earliest.13. All 32 major Wall Street banks passed the Federal Reserve's stress test; JPMorgan, Goldman Sachs, and others announced plans to increase dividends and buybacks.14. Lockheed Martin won a 35 billion USD contract from the US Department of Defense, quadrupling the production of air-defense and anti-missile interceptors.15. Chevron: After Trump pressured large oil companies, natural gas prices will return to normal.Events to watch during US stock trading hours:22:00 US May new home sales annualized total

Odaily reports that as OpenAI prepares for its IPO, its unique financial structure may be subject to further scrutiny by investors and the market. Based on publicly disclosed financial data, OpenAI exhibits the characteristics of a low-debt software company. As of March 31, 2026, the company’s balance sheet shows zero debt and lease liabilities of less than $750 million. Meanwhile, despite OpenAI being one of the most hardware-dependent technology companies today, its cash flow statement reveals that capital expenditures for the quarter were only around $46 million. This “asset-light” financial performance contrasts with OpenAI's actual business model. Analysts believe that if OpenAI continues to pursue an IPO, investors may focus on evaluating the asset structure behind its financial statements, as well as how the company maintains capital efficiency while rapidly expanding AI infrastructure. (The Information)

The US personal spending month-on-month rate for May recorded 0.7%, with an expected value of 0.6%. The previous value was revised from 0.50% to 0.4%.