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Glonghui, June 25｜Nokia (NOK.US) rose nearly 3% in pre-market trading to $14.21. According to reports, on June 24, President Trump publicly endorsed Nokia’s $30 million semiconductor investment plan in Pennsylvania. This plan is part of Nokia’s $4 billion US strategy, aiming to expand its semiconductor testing and packaging business in Allentown and has received $14 million in state and federal incentives. The market sees this support as an official endorsement of Nokia's transformation from a traditional mobile phone manufacturer to an AI infrastructure supplier.

Glonhui, June 25｜Citi released a research report stating that Qualcomm held an Investor Day in New York, presenting to investors its diversified development in automotive, IoT, and data center sectors. Management raised the fiscal 2029 non-handset business revenue target from $22 billion to $40 billion, driven mainly by a data center revenue goal of over $15 billion. The company aims to achieve non-GAAP earnings per share of more than $18 in fiscal 2029.

Gelonghui June 25｜CLSA released a report stating that Broadcom has injected years of clarity into its customized Application-Specific Integrated Circuit (ASIC) product roadmap. Despite the stock appearing cheap due to the market’s overly optimistic upgrade expectations and ongoing speculation regarding MediaTek’s progress with Google, the report takes a step back for broader perspective. The firm sees longer-term contracts, secured ASIC financing, and—with the AI semiconductor revenue outlook set at $100 billion for fiscal year 2027—a possible 30% upside. This upside aligns with TSMC (TSM.US)’s capacity bottleneck, thereby lending credibility to the forecast.