ORANGE JUICE完成4000万美元融资，Grupo Salinas创始人Ricardo Salinas担任基石投资人
Related
With another 40% increase expected this year, investment bank Jefferies predicts that the global memory price surge may continue until 2028.
According to a recent report by investment Odaily Jefferies, global memory price increases may exceed market expectations, with improvement not expected until 2028 at the earliest. The report predicts that memory prices will rise by 40% to 50% in the third quarter of this year compared to the previous quarter, and may further increase by 30% to 40% in the fourth quarter, exceeding market expectations of 15% to 20%. The price increase is mainly due to customers in the artificial intelligence industry being willing to sign long-term contracts and provide approximately 40% upfront payments.
Jefferies: The ECB may only raise interest rates once.
According to a Odaily by Jefferies global economist Mohit Kumar, the market has fully priced in the European Central Bank's (ECB) 25 basis point rate hike tonight, which will be the only rate hike by the ECB in this cycle. The next possible window for a rate hike is in September, when new ECB staff forecasts will be released. In an optimistic scenario, the war may have ended and oil prices may be close to $80, reducing the need for further rate hikes. Even in a pessimistic scenario, with the war continuing, oil prices nearing $100, and the European economy approaching or falling into recession, the ECB is unlikely to raise rates consecutively against a backdrop of recession. (Jinshi)
Short SpaceX? Investors flock to Jefferies, which did not participate in the IPO.
According to Odaily Odaily, when SpaceX announced its IPO underwriters, Jefferies was not among them. However, short-selling investors and some senior executives at Jefferies Group saw this as a rare opportunity. Sources familiar with the matter revealed that hedge funds that did not invest in SpaceX are contacting Jefferies to inquire about the possibility of short SpaceX after its IPO. As the largest U.S. investment bank that did not participate in SpaceX's IPO, Jefferies is now uniquely well-positioned to arrange these transactions. While Wall Street firms typically help clients manage multiple investments in a single company's stock, their lawyers may feel uneasy when one department announces a bullish view on a stock while another helps clients short it. Moreover, it's difficult to imagine how Musk, known for his volatile investment style, would react if any of the 23 banks underwriting SpaceX's IPO were to reverse course and short the stock. (Jinshi)
Jefferies warns investors against buy the dips Circle shares as they fall, citing new competitive pressure from Open USD.
PANews reported on July 2nd that, according to CoinDesk, the formation of the Open USD stablecoin alliance has sparked market concerns about competitive pressure on Circle. Circle's stock price plummeted 17% on Tuesday but rebounded 5% on Wednesday. Analysts at investment bank Jefferies believe Circle's approximately 25% stablecoin market share is under pressure and advise investors against buy the dips. They cite the new alliance's support from over 140 companies, its significant distribution network advantage, and the inclusion of Circle's largest distribution partner, Coinbase. Their business agreement is reportedly set to be renewed in August, potentially further impacting USDC's growth potential. Circle CEO Jeremy Allaire responded that stablecoins are a network business built over many years, and USDC's integration scale, liquidity, and regulatory approvals are difficult to replicate quickly.
Jefferies: The Clarity Act faces a critical test in the Senate, potentially exacerbating volatility in the crypto market.
According to Mars Finance, on June 30th, investment bank Jefferies stated in its latest report that the US CLARITY Act still faces significant legislative hurdles in the Senate, and the legislative progress in the coming weeks may exacerbate volatility in the crypto market. Jefferies pointed out that although the bill previously passed the Senate Banking Committee with a bipartisan vote of 15 to 9, with only about 20 legislative days remaining before the August congressional recess, the Senate still needs to complete bill integration, procedural voting, reconciliation with the House version, and submission to the President for signature, making time extremely tight. Polymarket data shows that the probability of the bill passing before the end of 2026 has dropped from 70% in mid-May to 48%. Jefferies believes that if the bill passes smoothly, it will establish a clear regulatory framework for digital assets, prompting banks, asset management institutions, and exchanges to accelerate the development of tokenized assets, custody, staking, lending, and other businesses, and promoting more crypto ETFs and crypto infrastructure company IPOs. If the legislation is delayed, it may prolong regulatory uncertainty, causing traditional financial institutions to slow down the development of their blockchain businesses. The report anticipates that the progress of the legislation will continue to impact the market performance of crypto-related stocks, including Circle (CRCL), Coinbase (COIN), and Bullish (BLSH), as well as some crypto assets. Jefferies also points out that, in the long run, stablecoin issuer Circle faces a greater challenge than regulatory changes, stemming from competition from banks, fintech companies, and payment companies.
Jefferies reiterated its buy rating on AVGO with a target price of $550.
According to Mars Finance, on June 30th, Jefferies analyst Blayne Curtis reiterated her buy rating on AVGO and set a target price of $550. She pointed out that the recent stock price pullback created a buying opportunity, and that fiscal year 2028 EPS could reach $30-40. The analyst emphasized that Broadcom's TPU roadmap is progressing as planned, and the long-term agreement with Google until 2031 guarantees minimum revenue. She also stressed that concerns about competition from MediaTek have been overemphasized.