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14:09
Trump: Deal Reached to Boost US Stocks and Lower Oil Prices, Press Conference to Be Held Shortly
BlockBeats News, June 17th, U.S. President Trump announced on social media, "I will hold a press conference in France in 45 minutes. Afterwards, I will head to the Palace of Versailles to have dinner with the leaders of France and other European countries, and then return to the U.S. tonight. This visit has been a great success, but the main topics everyone wants to talk about are that Iran will not have nuclear weapons and the immediate opening of the Strait of Hormuz! The U.S. economy is performing excellently, with the current employment rate reaching a historic high. The U.S. has attracted over $19.1 trillion in investment, with thriving factories and industries. Importantly, due to the agreement reached, the stock market has been soaring recently, and at the same time, oil prices are plummeting!"
14:04
Trump: Oil Prices Plunging, Hormuz Will Open Immediately After Signing Agreement
BlockBeats News, June 17th, President Trump of the United States stated that oil prices are plummeting and reiterated that the Strait of Hormuz will open immediately after the signing of the agreement. (FX168)
13:57
Optical communication concept stocks rose across the board, Credo Technology surged nearly 8%
Jinse Finance reported that on June 17, optical communication concept stocks rose across the board. According to the news, on June 16 local time, optical communication leader Coherent held a groundbreaking ceremony for its factory expansion in Sherman, Texas, USA. The expansion aims to increase 6-inch indium phosphide (InP) wafer production capacity, providing crucial manufacturing support for high-speed optical communication devices. Currently, over 80% of indium phosphide demand comes from AI data centers. The indium phosphide laser market is expected to continue growing, including CW lasers for pluggable optical modules and CPO/NPO, as well as tunable lasers and indium phosphide PICs for coherent optical modules. According to LightCounting data, indium phosphide is the largest segment in the optical chip market, accounting for 58% of the total market in 2025 and projected to occupy 46% by 2031, approximately $690 million.
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