--- title: "☕️ [Task Coins Giveaway] Daily Market Talk — SPCX Debuts, Semis Surge 8%" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000732825.md" description: "SpaceX starts trading today as semiconductors surge 8% on Iran-deal relief, TSMC mulls a 15% price hike, and Adobe drops after its CFO resigns to join Marvell." datetime: "2026-06-12T02:54:57.000Z" locales: - [en](https://longbridge.com/en/topics/100000000732825.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000732825.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000732825.md) author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)" generator: "portal-rs" --- # ☕️ [Task Coins Giveaway] Daily Market Talk — SPCX Debuts, Semis Surge 8% Midday update: The worst week for markets flipped into one of the best days. Trump called off planned Iran strikes and declared the deal "basically done", sending the semis index up about 8%, with SanDisk up roughly 14% and Applied Materials, Micron, Marvell and Intel all up 9 to 11%. TSMC is reportedly eyeing a 15% price hike on advanced chips. SpaceX (SPCX) begins trading today as the largest IPO in history, while Adobe fell after hours despite a revenue beat. ## 💬 Today's 3 Big Questions 1. TSMC is reportedly weighing a price hike of up to **15%** on advanced nodes, its most aggressive in years, as demand structurally overwhelms supply. Paired with today's semis index **+8%** (SanDisk +14%, Applied Materials +11%, Micron +11%, Marvell +11%, ASML +10%), is this confirmation the AI chip trade is fully back on after last week's capex-driven selloff? 2. SpaceX (SPCX) opens today as the biggest IPO ever, raising about **$75 billion** at a roughly **$1.75 trillion** valuation, already bigger than Tesla, but with only a ~4% float. With Iran de-escalating and risk appetite snapping back, what is your opening-day plan: buy the open, wait for the first pullback, or skip entirely? 3. Adobe beat Q2 revenue at **$6.62 billion** but its CFO resigned and the stock fell after hours. In recent sessions Oracle slid on capex and SMCI on dilution, and now Adobe on a leadership exit. Has the market shifted to punishing any capital or leadership uncertainty for AI names, and how does that change how you screen them? 👇 Like, drop your take (20+ words), click "Repost" & earn 288 Task Coins ✨ 🚫 NO duplicates or similar content ⏰ Deadline: June 12, 2026, 11:59 PM (SGT) ## 📊 Quick Market Recap ### 🌍 Global Macro & Markets - **Oil plunged and gold reclaimed the 4,200 level** after Trump called off planned Iran strikes and said the deal is "basically done", with a weekend signing expected. The Strait of Hormuz closure risk receded fast. - **TSMC** is reportedly weighing a price hike of **up to 15%** on advanced nodes in 2H 2026, its most significant pricing move in years, a direct read on how strong and supply-constrained AI demand is. ### 🇺🇸 US Markets: Semis Explode 8%, SpaceX Goes Public - 📈 **Nasdaq +2.54% to 25,809, S&P 500 +1.75% to 7,394, Dow +1.86% to 50,849, with the semis index up about 8%**, its biggest single-day move in months and ending a two-day selloff. - **SanDisk (SNDK) +14%, Micron (MU) +11%, Marvell (MRVL) +11%, Applied Materials (AMAT) +11%, ASML +10%**, and **Intel (INTC) +10%** on a Bank of America upgrade. SanDisk led the pack as memory and equipment names recaptured the week's losses in a single session. - **SpaceX (SPCX)** begins trading today on Nasdaq at **$135 a share**, raising about **$75 billion** at a roughly **$1.75 trillion** valuation, the largest IPO ever. With a thin ~4% float, price discovery means trading likely opens late morning US time (Singapore evening). - **Adobe (ADBE)** beat with record Q2 revenue of **$6.62 billion (+13%)** and raised guidance, but fell about **5% after-hours** after CFO Dan Durn announced he is leaving on June 15 to become CFO of Marvell. ### 🇸🇬 Singapore Markets - 📈 **SGX May securities daily turnover hit S$2.4 billion, the strongest since October 2007.** Derivatives volume rose 20% YoY, STI ETFs logged a 15th straight month of net inflows, and retail participation hit a 13-year high. The STI set a record high of 5,072 in May, and the Iran-relief rally may push it back toward that level. - **OCBC (O39)** became the first bank to use Singpass beyond Singapore, letting Singaporeans and PRs remotely open OCBC Malaysia business accounts, cutting a two-to-three-week process as SMEs ride the Johor-Singapore SEZ. - **DBS (D05)** will offer tokenised physical gold to retail via digibank in H2 2026, a Singapore first, each token backed by one gram of vaulted gold worth about S$200. - Backdrop: Singapore's millionaire count rose to **141,000** on 2025 GDP growth of **5%**, and the city captured **96%** of Southeast Asia's disclosed M&A value in Q1. ### 🇭🇰 Hong Kong & China Markets - 📈 **HSI -0.65% to 24,249, Hang Seng TECH -1.46%, HSCEI -1.22%**, lagging the US rebound as China's May CPI held at just **+1.2%**. - **Alibaba (9988)** is reportedly bidding about **$1.5 billion** for Chinese fresh-grocery platform Pupu, pushing deeper into instant retail. - Decliners included **SMIC -3.7%, Xiaomi -3.2% and Lenovo -9.5%**. ## 📅 Key Events Tonight / This Week - 🇺🇸 SpaceX (SPCX) first day of trading on Nasdaq, indicative quotes from around 10:15am ET (tonight SGT) - 🇺🇸 University of Michigan consumer sentiment, June preliminary, Friday evening SGT - 🌍 US-Iran deal signing watch, reportedly this weekend - 🇺🇸 MSCI early inclusion of SPCX, from June 13 Disclaimer: For reference only, not investment advice. ### Related Stocks - [DXYZ.US](https://longbridge.com/en/quote/DXYZ.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [SMCI.US](https://longbridge.com/en/quote/SMCI.US.md) - [ASML.US](https://longbridge.com/en/quote/ASML.US.md) - [AMAT.US](https://longbridge.com/en/quote/AMAT.US.md) - [ADBE.US](https://longbridge.com/en/quote/ADBE.US.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [04335.HK](https://longbridge.com/en/quote/04335.HK.md) - [TSM.US](https://longbridge.com/en/quote/TSM.US.md) ## Comments (30) - **jackson beat it · 2026-06-12T11:51:53.000Z**: Semis up 8% in one day, last week selloff already forgotten liao. SPCX opening tonight SG time, gonna watch first then decide 👀 - **Fantastic · 2026-06-12T10:55:25.000Z**: the real tell, Adobe's CFO is jumping to Marvell. talent following the money straight into the AI silicon trade. bullish signal for MRVL imo 🧠 - **rocket Shadow · 2026-06-12T10:51:22.000Z**: Adobe beats, raises guidance, and still drops 5% because the CFO is leaving. market clearly more worried about the AI software story than the print 😮‍💨 - **TXY · 2026-06-12T10:46:50.000Z**: gold reclaiming 4200 even as the war premium fades is interesting. tells me the bid is structural, not just fear. holding my gold 💛 - **Louis_t · 2026-06-12T10:43:36.000Z**: every Hormuz scare this year reopened within weeks. oil giving it back fast says the market believes the deal. not chasing oil up here 🛢️ - **Bluegate1104 · 2026-06-12T10:38:35.000Z**: Trump says Iran deal in days, gold back above 4200 and oil dumps. whole market is trading one man's headlines now 🎢 - **Tiffany lover · 2026-06-12T09:11:39.000Z**: After Trump canceled the planned strike against Iran and called the deal "basically done," with an expectation to sign it over the weekend, oil prices plummeted, and gold reclaimed the $4,200 level. The risk of the Strait of Hormuz closing rapidly faded.Looking forward to the Space X deal gr - **Dacai · 2026-06-12T07:17:19.000Z**: It is good to hear that supply is still limited for chips which means the price can only go up. I’m still holding onto my related stocks. - **dingdongbell · 2026-06-12T06:56:30.000Z**: The market keeps doing the same thing. Peace deal and it powers up. But we are still waiting and keep waiting for the actual deal. - **TC89 · 2026-06-12T06:02:24.000Z**: TSMC hike confirms AI chip trade back. SpaceX IPO too big, skip. Adobe fall shows market punishing leadership risk; screen for stability. - **Fattycat · 2026-06-12T04:54:31.000Z · 👍 1**: I do not trust Trump’s words. Iran has just mentioned that there is no final decision made on deal that Trump hopes could be signed soon. 😂 Who would you trust 🤭Anyway, many traders might not aware that European Central Bank has started a new rate‑hiking cycle yesterday. Its first increase since 202 - **LazyCat** (2026-06-12T04:58:04.000Z): you are spot on regarding the worries - **NewUser_oPJWOU · 2026-06-12T04:28:43.000Z · 👍 1**: Volatile periods over the past weeks as macroeconomic factors affect the stock market, more negatively than positively. Momentum stocks like Micron & SanDisk continue to bounce up and down by 5 to 10 percent every few days, signalling that trading volume remains relatively high. With SpaceX offi - **Ragul97 · 2026-06-12T04:23:30.000Z**: Geopolitical risks from war, oil shocks, and inflation are easing, shifting attention back to AI as demand continues to surge.Market is now more selective AI winners will be those that combine growth with strong execution, profitability and clear earnings visibility. - **LazyCat · 2026-06-12T03:54:21.000Z · 👍 1**: we have heard from Trump but not from Iran. The signing of the deal is expected this weekend but this is not the first time we are hearing such. Is this finally for real? If yes, animal spirits will be back fuelled by SpaceX IPO until the next FOMC gate. - **Victor y · 2026-06-12T03:32:02.000Z · 👍 1**: SpaceX is a high quality company, its lofty valuation and limited public float could drive sharp volatility, making patience and price discovery more attractive than chasing IPO enthusiasmTSMC’s planned price hike signals that AI chip demand still exceeds supply, reinforcing the long term AI growth - **Eunice · 2026-06-12T03:31:48.000Z**: STI at all time highs feels great but also feels late. taking some bank profits here, not chasing records into the weekend 😬 - **Kellyk310 · 2026-06-12T03:28:43.000Z**: DBS doing tokenised physical gold on digibank, one gram per token. finally a clean way to hold gold without a safe at home, kinda into this 🪙 - **Crazy rich · 2026-06-12T03:24:25.000Z**: SGX turnover highest since 2007 and STI at records while US tech is a rollercoaster. our boring market is quietly the smart place to be lah 🏦 - **Bond · 2026-06-12T03:20:47.000Z**: one green day after a brutal week. I want to believe but this smells like a relief bounce more than the all clear. trimming into strength 🤷 --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**