News

On June 22, CMB International released a report stating that after reviewing the first-quarter performance of leading overseas TMT companies, it observed that the revenue and profit expectations for leading tech companies in the fiscal year 2026 have been further revised upwards, driven by strong demand for AI computing power and the continuous empowerment of AI in core businesses. However, several companies have also raised their capital expenditure guidance, leading to short-term pressure on free cash flow. From a medium to long-term perspective, the bank believes that the impact of AI investment on the profits of leading tech companies is manageable, with overall operating profit growth expected to maintain above 20% in the fiscal years 2027/2028. Although the free cash flow ratio is under short-term pressure due to capital expenditures, it is expected to reach an inflection point and trend upwards starting from the fiscal year 2028. The bank noted that the performance of the software sector has seen an overall valuation recovery, with profit expectations being robustly revised upwards; however, the overall performance within the sector remains relatively differentiated. The enterprise application software segment has shown stable performance, while the infrastructure software segment has benefited more positively from AI trends. Looking ahead, the bank believes that the key factors determining fundamentals and stock prices will be whether companies can achieve sufficiently high returns and ROIC in the wave of AI investment, thereby supporting stable short-term performance and sustainable growth in medium to long-term profits. Based on the current fundamentals and valuation levels, the bank recommends Microsoft, Google, Amazon, Palo Alto Networks, and Meta.

Odaily reported that according to Bitget's official announcement, the platform has officially launched the direct US stock trading product "Bitget US Stocks", allowing users to buy and sell over 10,000 real US stocks and ETFs directly using USDC. The service is executed and settled by a licensed US brokerage, granting users full shareholder rights such as cash dividends and voting rights. It covers pre-market, regular, and after-hours trading sessions, and allows for seamless transfer of existing stock holdings from brokerage platforms into Bitget. This launch marks another key initiative in Bitget's US Stocks 2.0 strategy, following the introduction of the Reality protocol and rToken US stock tokens in early June, aimed at providing a more intuitive trading interface for users accustomed to traditional brokerage experiences. To coincide with the new product launch, Bitget is also introducing an accelerated US stock transfer program. During the event period, users who transfer their US stock holdings from external brokerages such as another exchange to Bitget will have a chance to receive up to $10,000 in transfer fee reimbursement. Registration will be open from June 22, 19:00 to July 10, 23:59 (UTC+8). Eligible users will receive their subsidies every Monday, and transferred assets can be held or traded directly within their Bitget account. On June 5, Bitget announced the launch of US stock tokens backed by its compliant RWA protocol, currently supporting over 500 US stocks and ETFs including SpaceX, Tesla, and Nvidia, with assets under management (AUM) surpassing $50 million. The rollout of direct US stock trading further enhances Bitget’s US stock product suite, providing a more intuitive trading interface and experience for users accustomed to traditional brokerage platforms.

Spot gold may retest the support level at $4,140 per ounce. The previous rebound triggered by this level has shown signs of losing momentum around $4,229, indicating the trend is nearing completion.Structurally, gold prices are still moving within a descending channel, maintaining the overall bearish trend. The rebound from the recent low is viewed as a corrective move of the fourth wave (wave d). Based on the wave pattern, once this corrective wave finishes, the market may face downward reversal pressure from the fifth wave (wave e).The recent rebound has not changed the downward structure within the channel, meaning the medium-term bearish outlook continues. The resistance level is at $4,229. If gold can effectively break through this level, it may trigger a further rally, targeting the $4,268 to $4,311 range.From a trading perspective, $4,140 is a critical support level for the bulls. If this level is tested again, it will determine whether this five-wave correction is nearing its end. Until then, the market will mainly experience range-bound fluctuations and repeated support testing.