SpaceX plans to submit its IPO prospectus to US regulators later this week or next week, The Information reported, citing sources.

It is understood that this IPO aims to raise over USD75 billion, and SpaceX may go public in June, with individual investor allocation possibly exceeding 20%, though the exact proportion has yet to be finalized.
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Crude oil prices re-escalated as the Iran war entered its fourth week, leading to a retreat in US bourse Tuesday. The Nasdaq charted the wildest downswing, ending down 184 points or 0.8% at 21,761. The S&P 500 closed down 24 points or 0.4% at 6,556. The DJIA settled down 84 points or 0.2% at 46,124.

Software stocks came under pressure, with Salesforce (CRM.US) sliding more than 6%. Most tech stocks slumped, as Microsoft (MSFT.US) rented Texas data center dropped by OpenAI and Oracle (ORCL.US), causing Microsoft to sag over 2%. Amazon (AMZN.US) saw its Bahrain services disrupted again by the Iran conflict, falling 1.4%.
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Li Lecheng, Minister of China's Ministry of Industry and Information Technology (MIIT), along with Vice Ministers Xin Guobin and Xiong Jijun, recently met in Beijing with Apple CEO Tim Cook, Qualcomm President and CEO Cristiano Amon, Broadcom President and CEO Hock Tan, and other top executives from multinational enterprises. All of them have attended the China Development Forum 2026.

The MIIT officials stated that China will further deepen comprehensive reforms, continuously expand high-level opening-up, and create a first-class business environment that is market-oriented, law-based, and internationalized. China hopes multinational enterprises will continue to deepen their presence in the Chinese market and collaborate with upstream and downstream companies in China's industrial chain for innovative growth, achieving mutually beneficial and win-win development.
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US President Donald Trump announced on Monday that negotiations between the US and Iran went swimmingly, and the US will suspend attacks on Iranian power plants and energy infrastructure.

US bourse bounced back drastically Monday, with the DJIA surging over 1,000 points at one point, closing up 631 points or 1.4% at 46,208. The S&P 500 finished up 74 points or 1.2% at 6,581. The Nasdaq settled 299 points or 1.4% higher at 21,946.

Cyclical stocks such as industrials and banks soared, with Morgan Stanley (MS.US) and JP Morgan (JPM.US) up 1-2%, and construction equipment stock Caterpillar (CAT.US) up 3%.

Techs also rebounded, with NVIDIA (NVDA.US) rising over 1%, and Apple (AAPL.US) growing over 1% after announcing that WWDC26 will be held on June 8.
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Apple (AAPL.US) announced on Monday that its annual WWDC26 will be held online from June 8 to 12. Following last year's series of visual adjustments to its systems, the market is eyeing Apple's advancements in AI technology, particularly the AI upgrade of Siri.

This year's conference will highlight the latest updates across Apple's platforms, including advancements in AI technology and new software and development tools. During the conference, more than 100 video sessions and interactive labs will be available, allowing developers to interact directly with engineers and designers.

The WWDC26 will be streamed live on the Apple Developer app, the official website, and YouTube channel, while in China, it will be broadcast via the Bilibili (BILI.US) platform.
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Sources said that Apple (AAPL.US) is set to introduce advertisements in its Maps app as early as this month to expand its service revenue, according to foreign media report on Monday.

The advertising model will be similar to that of Alphabet (GOOG.US)'s Google Maps, allowing merchants and brands to bid for ad slots against search queries, the report added.

For example, a restaurant could bid for a search term like 'sushi', and the highest bidder would appear at the top of the search results when users look for related catering options. Yelp (YELP.US) also uses a similar model.
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HORIZONROBOT-W (09660.HK) has high growth potential and a unique positioning, CMBI released a research report saying. Following the launch of the HSD solution, its management raised the guidance for the CAGR of revenue over the next few years from 50% to 60%.

The broker believed that HORIZONROBOT-W, with its increasing market share in the urban NOA solution, upcoming cabin-driving fusion solutions, pilot operation of robotaxis, and collaboration with global tier-1 suppliers to expand overseas markets, possesses unique value and should enjoy a valuation premium.

The Company planned to launch the Agentic CAR cabin-driving fusion system chip this year, with mass production expected by the end of 2026, coinciding with the launch of Qualcomm (QCOM.US)'s SA8797, indicating competitiveness.

HORIZONROBOT-W also planned to start pilot operations of robotaxis with ecosystem partners in 3Q26, showcasing comprehensive autonomous driving capabilities.

Therefore, CMBI dropped its target price from $12.3 to $10, based on a projected 13x PS ratio for 2027, similar to Nvidia (NVDA.US)'s valuation level, with rating kept at Buy.
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Starting from last Saturday (21st), the content of Nanjing's new car purchase subsidy policy has been tweaked according to the policy adjustment at the provincial level.

During the activity period, the subsequent new car purchase subsidy policies introduced by various regions will be implemented with reference to this adjustment. Vehicles purchased on or before last Friday (20th) that meet the application conditions of various regions will follow the original policy content.

Based on the price of each level of cars, the subsidy amount has been adjusted to RMB1,000-6,000 for fuel vehicles and to RMB2,000-7,000 for new energy vehicles.
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HORIZONROBOT-W (09660.HK) is preparing the next-generation intelligent driving chip series, J7, with the highest performance version J7P aiming to notably surpass NVIDIA's (NVDA.US) Thor-X in computing power, with plans for mass production next year, LatePost Auto reported.

Furthermore, the company's new chip product for cockpit-driving integration is named "Starry Sky" (literal translation of "星空"), supporting localization of large cabin models, and is planned to be released in April this year, with mass production within the year.
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Nvidia (NVDA.US) will sell 1 million GPU chips and other series products, including Spectrum network chips and Groq chips, to Amazon (AMZN.US)'s cloud computing division AWS from this year until the end of 2027.

Both companies stated earlier this week that AWS had reached an agreement to purchase 1 million GPUs, but the specific transaction timeline was not disclosed at that time.
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