---
title: "U.S. Stock Market Review for June 29"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42304067.md"
description: "【South Korea announces DRAM capacity expansion, semiconductor sector reversal, opportunities emerge in space stocks, TSLA goes crazy, AMZN cloud business raises prices, GOOGL officially joins the Dow】The market opened lower this morning, then directly reversed in a V-shape. Both the S&P and Nasdaq rose significantly, with the S&P ending its five-day losing streak. Memory performed well and remains the focus today. Two pieces of news: 1. South Korea launched a $584 billion chip manufacturing plan, announcing a doubling of DRAM production capacity within five years. Both Samsung and SK Hynix will build two new chip manufacturing plants each. Good news: The future shortage of memory should gradually improve. Bad news: A distant source of water cannot quench a present thirst..."
datetime: "2026-06-30T03:18:42.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42304067.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42304067.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42304067.md)
author: "[南瓜美股](https://longbridge.com/en/profiles/11897288.md)"
---

# U.S. Stock Market Review for June 29

\[South Korea announces DRAM capacity expansion, semiconductor reversal, opportunities in space stocks, TSLA goes crazy, AMZN cloud business raises prices, GOOGL officially joins the Dow\]

Today's early session opened lower, then directly reversed in a V-shape, with the S&P and Nasdaq both rising significantly. The S&P ended its 5-day losing streak, performing well.

Memory  
Still the focus today, two pieces of news:  
1\. South Korea launched a $584 billion chip manufacturing plan, announcing a doubling of DRAM capacity within five years. Samsung and SK Hynix will each build two new chip manufacturing plants.  
Good news: Future memory shortages should gradually improve.  
Bad news: Distant water can't quench immediate thirst. The soaring prices of memory chips by 2027 will be difficult to resolve.  
2\. Samsung, SK Hynix, and Micron face a class-action lawsuit for allegedly manipulating DRAM prices and supply.  
Short-term sentiment is negative, but such lawsuits are usually protracted battles. They have happened in history, and the final result is fines, with little impact on performance.

SOX Semiconductors  
Reversed in a V-shape after opening lower, but retail enthusiasm for chasing has weakened somewhat.  
No signs of a trend change are seen for now, continue to observe.

Space Sector  
Collective rebound, especially the small concept stocks drained by SPCX.  
A decent swing trading opportunity, for example:  
RKLB swing, open position at market price, stop loss at 80.  
SPCX swing, open position at market price, stop loss at 150.

TSLA  
A big rebound today, standing back above 400, ending the short-term weakening trend. Let's see if it can break through 450 this time. If not, it will continue to fluctuate between 360-450.

AMZN  
AWS announced a 20% price increase for GPU usage.  
Next, watch whether Google and Microsoft's cloud services will follow with price increases. If they do, it's a major positive for all three.

GOOGL  
Officially joined the Dow Jones today, also welcoming passive fund buying, performing well.  
However, the downtrend has not been broken, short-term momentum is not strong.

MSFT  
After a heavy-volume rebound last week, today saw a low-volume pullback, which is consolidation.

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