Chip technology company Marvell Technology, Inc. (MRVL.US) last leaped 7% in pre-market trading on Monday (8th), last reported at USD281.88.

Index operator S&P Dow Jones Indices announced that Marvell Technology, Inc. and electronics manufacturer Flex Ltd. (FLEX.US) will be added to the S&P 500 Index, with the changes taking effect at the open of US trading on Monday, June 22.

Flex Ltd. gained 3.3% in pre-market trading, last at USD156.98. The Campbell's Company (CPB.US) and Pool Corporation (POOL.US) will be removed from the index at the same time.
~

AASTOCKS Financial News
Website: www.aastocks.com

NVIDIA Corporation (NVDA.US) is collaborating with LG Group to develop humanoid robots and data centers, said CEO Jensen Huang.

Both parties are working together to research motor technologies and mechanical systems, aiming to integrate the future of humanoid robots with robotics technologies, he said. The two companies will also jointly build next-generation data centers.
~

AASTOCKS Financial News
Website: www.aastocks.com

US semiconductor stocks plunged last Friday (5th). This morning (8th), Samsung Electronics shares once sank below KRW300,000 and last dived more than 7% at KRW305,000, while SK Hynix shares dropped below KRW2 million and were last down 3.86%.

Jensen Huang, CEO of NVIDIA Corporation (NVDA.US), who is visiting Seoul, said that AI-related stocks are now very cheap and shareholders should be pleased as there could be even greater upside in the future.

Huang stated that demand for AI will continue to mushroom and that the future is very bright. It has become an established fact that AI will serve as core global infrastructure.

Earlier, NVIDIA reached a cooperation agreement of more than two years with SK Hynix, which can be extended. Under the agreement, NVIDIA chips will be produced at SK Hynix’s wafer fabrication plants and used by SK Telecom to support AI development.
~

AASTOCKS Financial News
Website: www.aastocks.com

NVIDIA Corporation (NVDA.US) and SK Hynix announced a multi-year technology partnership agreement, building on years of close joint R&D to advance next-generation memory technologies, accelerate the construction of global AI factories, and speed up semiconductor design and manufacturing.

The agreement provides supply support for advanced memory to address extended R&D cycles, advanced manufacturing processes and capital investments, thereby sustaining the build-out of global AI factories. SK Hynix will collaborate with NVIDIA to develop memory for the Vera Rubin AI supercomputer, Vera CPU, RTX Spark-powered personal computers, and the Jetson Thor robotics computing platform.

The two companies will apply AI technologies to semiconductor chip design and manufacturing, leveraging NVIDIA CUDA-X libraries and NVIDIA PhysicsNeMo to accelerate semiconductor simulation, TCAD processes and internal engineering codes.

SK Hynix will integrate NVIDIA Omniverse, OpenUSD scene optimization and NVIDIA cuOpt to advance digital twin technology for factories, enabling fully autonomous wafer fabrication plant operations.
~

AASTOCKS Financial News
Website: www.aastocks.com

NVIDIA Corporation (NVDA.US) Founder and CEO Jensen Huang will visit South Korea today (5th) and meet with the heads of several major South Korean enterprises, Yonhap News Agency reported, citing NVIDIA and industry sources. This marks his first trip to South Korea in seven months since his last visit in late October last year.

Huang is purportedly expected to enter the country via Gimpo Airport at around 1 p.m. local time and attend a dinner this evening with leaders of major South Korean conglomerates.

Attendees are set to include SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman Euisun Chung, LG Group Chairman Koo Kwang-mo, and NAVER Board Chairman Lee Hae-jin.
~

AASTOCKS Financial News
Website: www.aastocks.com

The Chinese Embassy in the United States announced that Chinese Ambassador to the US Xie Feng held a group discussion with senior executives of leading multinational corporations (MNCs) on Tuesday (2nd).

Senior representatives from Blackstone Inc. (BX.US), Google, Microsoft Corporation (MSFT.US), International Business Machines Corporation (IBM.US), Texas Instruments Incorporated (TXN.US), Honeywell International Inc. (HON.US), Bayer, Johnson & Johnson (JNJ.US), ConocoPhillips (COP.US), Chevron Corporation (CVX.US), Walt Disney Company (DIS.US) and Procter & Gamble Company (PG.US) attended the meeting.

Xie introduced the outcomes of the Beijing meeting between the Chinese and US presidents, noting that President Xi Jinping and US President Donald Trump agreed to position a "constructive and strategically stable China-US relationship" as the new framework for bilateral ties, providing strategic guidance for relations over the next three years and beyond.

He expressed hope that the business community would take proactive steps to implement the important consensus reached by the two heads of state, expand the list of cooperation areas, and achieve more practical results that benefit both countries and the world.
~

AASTOCKS Financial News
Website: www.aastocks.com

Ray Dalio, founder of Bridgewater Associates, said the AI market is already showing signs of a bubble that will eventually burst.

All major technological revolutions create bubbles, as bubbles often burst when investments need to deliver returns, Dalio remarked.

He expressed concern about the profitability of AI companies, noting that when a bubble bursts, it is the moment when wealth is converted into cash.

Although AI is a very good technology, he said it is driving the market down a path toward a bubble collapse.
~

AASTOCKS Financial News
Website: www.aastocks.com

SpaceX plans to offer about 555.6 million shares at USD135 per share, raising USD75 billion, a filing with the US Securities and Exchange Commission showed.

Underwriters have the option to purchase an additional 83.33 million shares at the IPO price, with a total value of USD11.2 billion.

Pricing at USD135 per share implies a company valuation of USD1.77 trillion, making it the seventh-largest company by market cap in the US and toppling Tesla, Inc. (TSLA.US), which has a market value of USD1.6 trillion.

After the IPO, SpaceX founder Elon Musk will hold more than 82% of the voting rights, as revealed by the filing. The company plans to officially list on June 12.
~

AASTOCKS Financial News
Website: www.aastocks.com

Shares of Broadcom Inc. (AVGO.US) plunged nearly 14% in after-hours trading to USD413.45, as the market was disappointed by the company's AI chip revenue outlook. For its second fiscal quarter ended May 3, Broadcom reported revenue growing 48% YoY to USD22.187 billion, compared with analysts average estimate of USD22.1 billion. Non-GAAP diluted EPS increased to USD2.44, above the prior consensus of USD2.39.

In the previous quarter, Broadcom's AI semiconductor revenue ballooned 143% YoY to USD10.8 billion, ahead of the earlier average estimate of USD10.7 billion. The company said it expects AI semiconductor revenue of USD16 billion for the third fiscal quarter, below market expectations of USD17.2 billion. For the full year, AI semiconductor sales are projected to reach USD56 billion, lower than the previous average estimate of USD57.6 billion.

Broadcom has begun delivering chips to OpenAI and projected to commence production later this year. The company has signed a contract with OpenAI to deploy 1.3 gigawatts of capacity in 2027. In addition, it will deploy 3 gigawatts of computing capacity for Meta Platforms, Inc. (META.US) by the end of 2028, with the first 1 gigawatt scheduled for delivery starting in 2H27.
~

AASTOCKS Financial News
Website: www.aastocks.com

Thanks to iterative upgrades in electrification technology by leading carmakers and the concentrated launch of several blockbuster new models, NEV wholesale volumes of multiple major carmakers in Mainland China hit record highs for the same period in May, highlighting the tangible results of domestic automakers' electrification transformation, the China Passenger Car Association (CPCA) said.

Carmakers including BYD COMPANY (01211.HK), CHERY AUTO (09973.HK), Tesla China, LEAPMOTOR (09863.HK), SAIC-GM-Wuling, NIO-SW (09866.HK), Arcfox, SAIC-GM, Dongfeng Nissan, GAC Toyota, and GAC Trumpchi, all recorded their best-ever NEV wholesale results for the month of May.

Among the top 10 passenger vehicle manufacturers in terms of NEV wholesale volume in mainland China in May, eight were listed carmakers. BYD COMPANY, GEELY AUTO (00175.HK), CHERY AUTO, Tesla and LEAPMOTOR ranked in the top five, with BYD COMPANY leading by a wide margin at 376,990 units, data showed.

Cui Dongshu, Secretary General of the CPCA, estimated that national passenger vehicle manufacturers NEV wholesale volume reached 1.36 million units in May, up 12% YoY and 11% MoM.
~

AASTOCKS Financial News
Website: www.aastocks.com