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Trump Calls for Single Stock IBM to Extend Strong Performance, Overnight Session Continues Surge of Over 11%

57 minutes ago

June 1 update: Bitget market data shows IBM Corp (IBM.US) extended its rally in U.S. after-hours trading, jumping more than 11% following a nearly 13% gain in the prior regular session. The stock’s strong performance is driven by two key catalysts: a resurfaced endorsement from former President Donald Trump, often referred to as a "stock guru," and a major U.S. government subsidy. A circulated video from a December White House meeting captures Trump praising IBM CEO Arvind Krishna, noting IBM’s stock had risen from low levels to a "decent point" and predicting further upside for the shares. Separately, IBM secured a $1 billion CHIPS Act subsidy from the U.S. Department of Commerce on May 21 to build a quantum chip manufacturing facility—news that has pushed IBM’s stock higher for a week, bringing it close to its all-time high. Notably, Trump took action beyond verbal praise: his trust quietly purchased a small stake in IBM. A recently disclosed U.S. Office of Government Ethics (OGE) Form 278-T, the first-quarter 2026 quarterly transaction report, reveals the Trump Trust bought IBM shares on March 21, with the transaction amount falling between $15,001 and $50,000, a modest position.
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Micron Technology's after-hours stock price breaks $1000, reaching a total market capitalization of over $1.13 trillion

On June 1, per data from Bitget Markets, Micron Technology (ticker: MU) saw its after-hours trading price cross the $1,000 threshold, lifting its total market capitalization to over $1.13 trillion with a 3.1% gain in the after-hours session.

7 minutes ago

Bithumb will list HNT-KRW trading pair

On June 1, Bithumb, South Korea’s second-largest cryptocurrency exchange platform, will list the HNT/KRW trading pair.

7 minutes ago

A certain whale liquidated a long position on ETH, with a position size of $39.5 million

June 1 — According to OnchainLens monitoring, whale address '0xce8' has closed its Ethereum (ETH) short position once more and shifted to a long position totaling 19,752 ETH, worth $39.5 million. This position is currently at a loss of more than $205,000.

7 minutes ago

Goldman Sachs Raises Price Targets for Micron, Samsung Electronics, and NVIDIA: Valuation Framework Shifts from P/B to P/E

June 1 – Goldman Sachs released a comprehensive global semiconductor storage industry report, significantly lifting target prices for three key players: SK Hynix, Samsung Electronics, and Kioxia. Specifically, SK Hynix’s target price was hiked to 3.3–3.5 million South Korean won (implying ~53% upside), Samsung Electronics’ target jumped to 480,000 South Korean won (~60% upside), and Kioxia was upgraded to a "Buy" rating with a 12-month target price of 93,000 Japanese yen. Goldman’s revisions hinge on a historic shift in the storage sector’s valuation framework: The firm cites AI-driven sustained demand, supply constraints, and widespread long-term agreements (LTAs) as core drivers moving the industry from a highly cyclical commodity track to an AI infrastructure segment with predictable profitability. The sector’s benchmark valuation has officially switched from Price-to-Book (P/B) to Price-to-Earnings (P/E), currently anchored at roughly 9x P/E. The report also drastically re

7 minutes ago

Solana Proposal: Introduce Base Fee on Transaction Resource Consumption, Fully Burned, Projected Daily SOL Supply Burn of Over a Thousand Coins

June 1: Solana developer cavemanloverboy has proposed SIP-547, a plan to refine SOL tokenomics via a resource consumption-based fee burning mechanism. The proposal calls for a base fee of 0.1 lamports per cost unit, charged per transaction, with all collected fees burned entirely. Right now, the network’s daily base fee burn clocks in at just around 648 SOL—an amount that’s negligible compared to the roughly 60,000 SOL in daily inflation. Per community testing data, implementing this mechanism would add an estimated 1,500 to 1,800 SOL in daily burns. It would hit liquidity provider fees by 3 to 5 percent and drive a sharp surge in transaction costs for regular users; some scenarios see costs jump by over 600 percent. The proposal explicitly notes the system can only activate after the Alpenglow consensus upgrade rolls out, and it’s currently in the community discussion phase.

7 minutes ago

MiniMax officially launches the MiniMax M3 model, pushing the boundaries of programming and AI capabilities

According to Dynamis Beating’s monitoring, MINIMAX-W (00100.HK) has officially launched the MiniMaxM3 model, which delivers state-of-the-art performance on tasks including programming and intelligent agents. Leveraging the new MSA (MiniMaxSparseAttention) attention architecture, it supports long-range context windows of up to 1 million tokens. Additionally, the MiniMaxM3 is a native multimodal model that accepts image and video inputs, and is capable of running on desktop devices. To access 24/7 continuous monitoring of global AI trends and news, click the original article link below to join Dynamis Beating’s Feishu AI News Channel.

7 minutes ago

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