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16:05 ETFlex to Join S&P 500 Index

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Flex (NASDAQ: FLEX) announced it has been selected to join the S&P 500 Index, effective before market open on Monday, June 22, 2026. CEO Revathi Advaithi described this inclusion as a landmark milestone validating the company's transformation and growth strategy. The S&P 500 tracks 500 large U.S. publicly traded companies, with inclusion reflecting factors like market capitalization, liquidity, and sustained financial performance.

- Flex has been selected to join the S&P 500 Index, effective June 22, 2026.  
- CEO Revathi Advaithi stated that this milestone validates the company's transformation and growth strategy.  
- The inclusion in the S&P 500 reflects Flex's strong financial performance and market relevance, highlighting its commitment to innovation and value for investors.

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South Korean stocks rebounded after a circuit breaker triggered by rate hike fears, driven by NVIDIA and SK Group's AI collaboration. NVIDIA partnered with SK Hynix for next-gen AI memory and with SK Telecom to build 'AI Factory' data centers. These announcements boosted sentiment, narrowing KOSPI losses to 4.16% and SK Hynix declines to 1.59%. Additionally, Samsung and Micron qualified for HBM4 supply, though industry-wide chip shortages persist.

- On June 8, the South Korean stock market fell sharply, with the KOSPI index dropping over 8% due to U.S. interest rate concerns and global tech sell-offs.  
- NVIDIA and SK Hynix announced a multi-year partnership to develop advanced memory for AI applications, with SK Hynix set to supply specialized memory for NVIDIA's products, enhancing collaboration amidst industry supply challenges.  
- Additionally, NVIDIA and SK Telecom agreed to build AI Factory data centers in South Korea by 2027, aiming to establish substantial AI cloud infrastructure for future expansions.

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Nvidia and SK Group AI Collaboration Boosts Market, Korean Stocks Rebound Strongly After Circuit Breaker, SK Hynix Narrowing Losses to 1.5%

At WWDC 2026, Apple unveiled a major Siri AI upgrade but revealed its most advanced model runs on NVIDIA chips via Google Cloud, marking a shift from its proprietary silicon strategy. Investors reacted cautiously as the update lacked fully autonomous features and clear monetization paths. While NVIDIA shares rose slightly, Apple's stock remained flat amid questions about capital spending and services integration.

- Apple Inc. announced a major Siri AI upgrade at the Worldwide Developers Conference, but its advanced AI model will run on NVIDIA chips via Google Cloud rather than Apple's own silicon.  
- The new Siri offers improved functionality but lacks fully autonomous capabilities, impacting investor sentiment amid concerns over Apple's reliance on external AI infrastructure.  
- The shift to using NVIDIA and Google marks a significant change in Apple's strategy and raises questions about future capital spending and monetization opportunities in AI services.

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Apple's Biggest AI Bet Yet Runs On NVIDIA, Not Its Own Chips

Gigabyte Technology expects strong AI server order visibility extending into next year, with revenue growth potentially outpacing last year. Chairman Dandy Yeh noted positive business trends and approved a NT$12 per share cash dividend. The company plans to ship Nvidia B300/GB300-based servers in H2 and begin small-volume Vera Rubin shipments. While PC shipments face slower growth due to component shortages, Gigabyte anticipates hybrid cloud-edge AI architectures will drive future industry opportunities.

- Gigabyte Technology Co expects strong demand for its AI servers to continue into next year, with revenue growth anticipated to surpass last year's.  
- Shareholders approved cash dividends of NT$12 per share, reflecting a 65.93 percent payout ratio based on earnings per share of NT$18.2.  
- Despite growth in AI server shipments, PC shipments may slow due to memory shortages, while the trend of rising AI computing suggests a shift toward hybrid architectures combining cloud and edge AI.

Taipei Times

Gigabyte Co sees orders coming

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Micron Technology shares rebounded over 7% in pre-market trading, driven by Tesla CEO Elon Musk's bullish endorsement and Wells Fargo raising its price target to $1,220. Micron CEO Sanjay Mehrotra highlighted that AI growth is fueling unprecedented demand for high-performance storage, citing structural supply constraints that will likely persist beyond 2026. The company has secured long-term partnerships with major hyperscalers like NVIDIA, Google, and Amazon to solidify its position in the AI memory supply chain.

- Following a sell-off, Micron Technology rebounded significantly, assisted by optimistic comments from CEO Elon Musk regarding chip manufacturing capacity.  
- Micron's CEO, Sanjay Mehrotra, emphasized the growing storage demand driven by advancements in AI, predicting that supply constraints will persist beyond 2026.  
- Micron has forged partnerships with major companies like NVIDIA and Amazon to bolster its position in the AI memory supply chain.

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Micron Rebounds 7% Pre-Market, Musk Personally Endorses. Wells Fargo Gives $1,220 Price Target

The S&P 500 Technology sector (XLK) recently outperformed the broader S&P 500 by 29.3 percentage points over 50 trading days, a move described as statistically bizarre and roughly 6 standard deviations above normal. Ryan Detrick of Carson Group likened this extreme relative strength to a 'once in 4 million years' event under normal distribution, highlighting the extraordinary concentration of market gains driven by AI-linked mega-cap tech stocks.

- The S&P 500 Technology sector has significantly outperformed the broader S&P 500 by 29.3 percentage points in the past 50 trading days.  
- This performance is noted to be approximately 6 standard deviations above what is considered normal.  
- Such a deviation raises questions regarding the sustainability of this trend in large-cap tech stocks.

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Tech just pulled a 'once in 4 million years' move

OneAdvanced, in partnership with NVIDIA, launched the UK’s first private sovereign healthcare LLM trained on NHS primary care data. The pilot demonstrated significantly higher triage accuracy than GP control groups and leading frontier models like Claude, while reducing inference costs by up to 150x. Designed for NHS-wide deployment, the model ensures data residency under UK law, aiming to improve patient experience, reduce resource wastage, and increase clinical capacity through accurate, context-aware AI assistance.

Unusual Whales

OneAdvanced Launches the UK’s First Private Sovereign Healthcare LLM Trained on NHS Primary Care Data with NVIDIA

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Wall Street futures indicate a moderate opening gain, driven by geopolitical de-escalation between Israel and Iran and potential US-Iran deal talks. Oil prices dropped sharply to $92.33/barrel, while the dollar weakened. Previous session saw Nasdaq and S&P 500 rise, with Dow slightly down. Asian markets mixed; Japan surged. Upcoming US data includes CPI, trade balance, and home sales.

- President Trump suggested a potential deal with Iran could be reached soon, resulting in a slight weakening of the dollar and a drop in oil prices, with Brent crude at $92.33 per barrel.  
- U.S. Futures Index indicates Wall Street might open positively, with significant gains in the Nasdaq, while the Dow experienced a minor decline.  
- Key economic data is expected today, including the International Trade deficit and Existing Home Sales figures, as Asian markets showed mixed performance.

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Wall Street Might Open Moderately Up

Wall Street major indices retreated on Tuesday, with the Dow down 0.4%, S&P 500 down 0.9%, and Nasdaq down 1.6% as tech stocks slid. The midday update highlights four key morning stories, including China's AI expansion.

- Wall Street's major market averages have turned lower as the tech sector declines.  
- The Dow is down 0.4%, the S&P 500 is down 0.9%, and the Nasdaq Composite is down 1.6%.  
- Morning news stories highlight significant developments, including China's AI expansion.

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Midday need to know: Silver price slumps, housing data boosts & more

KGI Securities raised its S&P 500 year-end target to 8,000 from 7,650. Chairman Chu Yen-min remains optimistic about AI investment themes despite recent volatility in chip stocks following strong U.S. jobs data and fears of interest rate hikes. He advised investors not to exit positions too early.

CoinLive

AI TRENDS | KGI Raises S&P 500 Year-End Target to 8,000 After Chip Stocks Slide

NVIDIA CEO Jensen Huang announced a collaboration with LG Group to advance humanoid robotics, data centers, and automotive sectors. LG will utilize NVIDIA's Isaac GR00T and Jetson Thor platforms for robots and plans to purchase 10,000 Blackwell GPUs. The partnership news helped stem LG Electronics' stock decline, which had dropped over 14% due to broader market sell-offs, narrowing the loss to approximately 8%. This follows Huang's intensive meetings with major South Korean tech executives.

- NVIDIA CEO Jensen Huang announced a collaboration with LG Group to advance humanoid robotics, data centers, and automotive sectors during his visit to Seoul on June 8.  
- LG Electronics is leveraging NVIDIA's technology for its AI model and plans to mass-produce actuators for robots, while also procuring 10,000 NVIDIA GPUs to boost its AI transformation.  
- Despite a significant drop in its shares and the KOSPI index, the positive news regarding the partnership helped stabilize LG Electronics stock during the trading session.

Nvidia Partners With LG in Humanoid Robots, Data Centers and Automotive; LG Electronics Slump Narrows Significantly After Over 14% Drop

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