Morgan Stanley分析师转向看空存储，Citrini分析师称或为KOSPI回调因素之一
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Morgan Stanley reiterated its "overweight" rating on RKLB and raised its bullish price target to $293.
Odaily Odaily that Morgan Stanley reiterated its "Overweight" rating on Rocket Lab (RKLB) and maintained its target price of $105, but raised its most bullish target price from $185 to $293. Morgan Stanley analysts believe that the acquisition of Iridium will expand Rocket Lab's potential market space and reposition the company as a vertically integrated space platform. While SpaceX has significant scale and cost advantages over Rocket Lab, the latter is moving closer to the former's model.
Citrini analyst Jukan: Samsung Foundry achieved monthly profitability in June, its first since 2023.
According to a post on the X platform by Citrini analyst Jukan, as reported by Odaily Korean media, Samsung Foundry achieved monthly profitability in June, its first such month since 2023. With this positive profit in June, Samsung internally believes the likelihood of a profit turnaround starting in the third quarter has increased. The use of Samsung's 4nm process for HBM4 base dies is considered a key factor driving this turnaround, while improved yield rates are also seen as a major factor supporting the positive monthly profit. Industry sources estimate that Samsung's 4nm process yield has improved to approximately 80%.
Citrini analyst Jukan: MediaTek reportedly has secured Meta as an ASIC customer, following its TPU offerings.
According to a post on the X platform by Citrini analyst Jukan, Odaily Odaily, supply chain sources indicate that MediaTek has essentially secured a second ASIC customer besides Google. If all goes as planned, this customer will be Meta, previously rumored. MediaTek, as is customary, does not publicly comment on individual products, customer situations, or market rumors. While Qualcomm currently appears to have key customers such as Meta, Microsoft, and ByteDance, industry insiders believe that MediaTek's continued deepening of its cooperation with Google and its potential to secure a second customer puts it at a disadvantage. Semiconductor supply chain sources state that, considering the order prospects and generational transition pace of major cloud service providers for AI data centers and ASIC products, Google remains the most aggressive and proactive major customer. MediaTek not only has two products codenamed Zebrafish and Humufish, but according to market information and confirmation from industry insiders familiar with ASICs, its participation in the v9 generation Triggerfish is almost certain. This means that from the end of 2026 to 2028, and even into 2029, MediaTek can reliably receive revenue contributions from TPU mass production. Compared to Qualcomm's $15 billion cloud AI revenue target for 2029, it's only a matter of time before MediaTek, holding multiple TPU ASIC orders, reaches the $10 billion level. The industry is also focused on whether MediaTek can successfully secure its second major cloud service provider client. Based on earlier market information and recent supply chain confirmations, MediaTek is still actively collaborating with Meta on ASIC products, likely focusing on AI acceleration chips. Meta recently partnered with Arm and Qualcomm, but the products are all CPU-oriented, with no further concrete news regarding its self-developed AI acceleration chips. IC design industry insiders say that Meta's recent cloud AI development strategy has indeed been rather chaotic and unclear, with multiple adjustments to its internal chip development plans, seeking multiple partners and adopting different solutions in the CPU field alone. Regarding AI acceleration chips, although Meta has officially announced its collaboration with Broadcom, supply chain sources indicate that this has not interrupted the ongoing collaboration between MediaTek and Meta. IC design industry professionals also emphasized that MediaTek and Qualcomm's cloud AI development blueprints are still significantly different. MediaTek is concentrating all its resources on ASIC business, while Qualcomm plans to simultaneously promote customization and standardization, while also covering AI acceleration chips and CPU products.
Morgan Stanley increased its holdings by 166.24 BTC, bringing its total holdings to $288.4 million. A wallet that had been inactive for a year received 500 BTC.
According to Onchain Odaily, a wallet received 500 BTC from BitGo after a year of inactivity, worth $32.31 million. Morgan Stanley also bought 166.24 BTC from Coinbase, worth $10.74 million, and currently holds 4,515 BTC, worth $288.4 million.
Morgan Stanley: ETF demand is a key variable driving gold to $5,200.
Morgan Odaily stated that without a significant rebound in ETF inflows, its bullish target of $5,200 for gold in the second half of the year will become more difficult to achieve. Morgan Stanley analysts stated, "While central bank gold purchases may continue, ETF inflows are more sensitive to changes in interest rate expectations. The missing link is ETF demand, which will likely remain sensitive to the Fed's policy path, real yields, and the US dollar." Morgan Stanley remains bullish on gold's long-term outlook, as easing tensions in the Middle East and falling oil prices help alleviate inflation concerns. However, the Federal Reserve's hawkish rhetoric at its most recent meeting reinforced expectations that interest rates will remain high for an extended period, increasing the opportunity cost of holding non-interest-bearing assets like gold. (Golden10)
Citrini researcher Jukan: Citibank report makes conservative assumptions; Micron Technology (MU)'s performance this quarter may exceed expectations.
According to Odaily Odaily, Jukan, a researcher at the well-known investment research firm Citrini, published an article on the X platform stating that after reading Citibank's earnings preview report, he believes that the institution's assumptions regarding Micron Technology's product pricing are too conservative. If the market consensus is at that level, Micron Technology may have exceeded expectations this quarter. Data shows that Micron Technology (MU) stock is currently trading at $1133.99. Previously, several institutions raised their target price for Micron Technology (MU) to between $1200 and $1500, among which: Citigroup raised its price target for Micron Technology to $1,200; Wedbush raised its price target for Micron Technology to $1,300. Deutsche Bank and investment bank Stifel have raised their target price for Micron to $1,500.