Bank of America raises CPU market size forecast due to AI demand, and increases price targets for AMD, ARM, and Intel

On June 11, Bitcoin treasury firm Nakamoto announced it has bolstered its capital structure and financial flexibility through debt reduction, refinancing, and a stock buyback authorization. Through liquidating a portion of its Bitcoin holdings and Bitcoin-related derivative positions, the company cut its outstanding debt by roughly $45 million. The repayment funds came from selling approximately 600 BTC and associated derivatives, which yielded a net gain of around $48 million. Post-transaction, Nakamoto still holds roughly 4,467 BTC on its balance sheet. Separately, Nakamoto has signed a new loan term sheet with Payward Interactive—a subsidiary of Kraken—extending roughly $105 million in USDT principal, with the loan now maturing on June 30, 2027. Its remaining outstanding USDT balance stands at $165 million, $60 million of which is scheduled to mature on December 4, 2026. Additionally, Nakamoto’s board of directors has greenlit a $25 million stock buyback program, valid through Dec

On June 11, U.S. President Trump stated, "A larger-scale bombing will be launched tonight. Iran is finished, and we do not plan to send ground troops," according to a report from Xinhua Finance.

June 11 — According to The Information, Google is weighing whether to tap Samsung Electronics as a key supplier for a component of its upcoming high-end AI chip. Amid persistent manufacturing capacity limits, chip firms are being pushed to find partners beyond TSMC. Sources close to the matter told the outlet that the U.S. tech giant is in discussions with Samsung, planning to have the South Korean firm use its 2-nanometer production technology to manufacture parts of Google’s next-generation Tensor Processing Unit (TPU). TPUs are Google’s custom AI chips built specifically for its cloud data centers.

June 11 Persistent inflation pressures tied to the ongoing Iran conflict pushed U.S. producer prices up at their fastest pace in more than three years in May, new data shows. Released Thursday, U.S. Bureau of Labor Statistics figures put May’s producer price index (PPI) at a 6.5% year-over-year jump—the largest increase since November 2022—with a 1.1% monthly rise. Core PPI, which strips out volatile food and energy costs, climbed 4.9% year-over-year. The data underscore mounting strain from the energy price shock triggered by the closure of the Strait of Hormuz on the U.S. economy. With the Iran conflict showing no sign of a near-term resolution, businesses are passing higher energy and transportation costs to consumers, driving up prices for other goods and services. Pairing this with May consumer price data released earlier this week— which showed the fastest rise in U.S. consumer prices in three years—Thursday’s PPI report could further cement market expectations that the F

June 11 — New reports show SpaceX’s initial public offering (IPO) has garnered over $70 billion in subscription orders from retail investors. The aerospace company will allocate at least 20% of the IPO shares to retail investors, while less than 10% of the offering will be reserved for international order subscribers.

As of June 11, the U.S. Bitcoin Spot ETF has registered a net outflow of $2.1 billion so far this June, nearly matching the full-month outflow of $2.4 billion seen in May. This past Wednesday alone brought a net withdrawal of $214 million, signaling the outflow trend remains persistent. Since May 10, total net assets of the U.S. Bitcoin Spot ETF have tumbled from $109 billion to $77 billion—a roughly $33 billion drop. Over that same window, Bitcoin’s (BTC) price slid from its May 10 peak of $81,443 to a low of $59,353, a roughly 27% decline. Adam Haeems, Head of Asset Management at Tesseract Group, noted that while the ETF still faces consistent outflows, the pace of withdrawals has “slowed markedly,” with selling pressure appearing exhausted rather than growing. He attributes the outflows to three core drivers: leveraged funds redeeming spot ETFs to unwind futures arbitrage positions, capital shifting away from the highest-fee funds in U.S. spot products, and money rotating into