Morgan Stanley: Raises AMD's Price Target from $360 to $410

**May 6** Multicoin Capital co-founder and managing partner Tushar Jain shared on social media Wednesday that the firm has been building a large position in privacy coin Zcash (ZEC) since February 2024, with a long-term bullish outlook on privacy-focused cryptocurrency assets. Multicoin argues ZEC embodies crypto’s original “cypherpunk” ethos. Individual and institutional demand for asset privacy, censorship resistance, and confiscation resistance is rising steadily. While Bitcoin offers censorship resistance, it doesn’t fully mitigate tax or confiscation risks for identifiable holdings. The firm notes assets combining these three traits are seeing clear demand—and ZEC is the top public-market pick to express this investment thesis right now.

On May 6, Bernstein upgraded AMD (AMD.O) from Market Perform to Outperform, raising its price target from $265 to $525.

May 6 (Monday) — Per Bitget market data, European stocks opened higher: the UK’s FTSE 100 Index and Germany’s DAX 30 Index rose more than 1%, France’s CAC 40 Index gained 0.8%, and the Euro Stoxx 50 Index was up 0.8%.

May 6 – Per Bitget market data, South Korea’s KOSPI index closed 447.57 points higher on Wednesday, May 6, posting a 6.45% gain to hit 7,384.56 points. The index notched a new all-time closing high.

On May 6, per Onchainlens monitoring, a crypto whale withdrew another 9,288 ETH from a centralized exchange (CEX)—valued at roughly $21.94 million. The whale now holds a total of 27,098 ETH, worth approximately $64 million.

May 6 — Multiple sources report that China’s largest state-owned semiconductor investment vehicle, the National Integrated Circuit Industry Investment Fund (known as the “Big Fund”), is in negotiations to lead DeepSeek’s first external financing round. If the round closes, the cutting-edge AI lab’s valuation will hit roughly $45 billion.