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A-share memory and storage chip sector continued to rally. Youyan Silicon hit a 20% limit-up, Tianshan Electronics re-sealed its limit-up; Shenkeda and Aisen earlier hit limit-up. Shanghai Xinyang, Changchuan Technology, Hengkun New Materials and Mon

2026-07-09

A-share memory and storage chip sector continued to rally. Youyan Silicon hit a 20% limit-up, Tianshan Electronics re-sealed its limit-up; Shenkeda and Aisen earlier hit limit-up. Shanghai Xinyang, Changchuan Technology, Hengkun New Materials and Montage Technology each gained over 10%.

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2026-07-09

After being added to the Nasdaq-100 on July 7, SpaceX shares plunged about 35% from their recent peak to below $147 the following day, nearly wiping out IPO gains. The company’s market cap is about $1.9 trillion while 2025 revenue is roughly $18.7 bi

After being added to the Nasdaq-100 on July 7, SpaceX shares plunged about 35% from their recent peak to below $147 the following day, nearly wiping out IPO gains. The company’s market cap is about $1.9 trillion while 2025 revenue is roughly $18.7 billion, implying a valuation near 100x 2025 sales. Starlink accounts for more than $11 billion of 2025 revenue, roughly 60% of the total, but SpaceX remains loss-making: a $4.9 billion loss in 2025 and a $4.3 billion loss in Q1 2026, alongside continued heavy capex for Starship and investments in xAI. Current prices already price in sustained Starlink growth, Starship progress and AI returns; any setback in those drivers would pose downside risk. Despite the pullback, the stock is still expensive and lacks a margin of safety given multibillion-dollar losses; the recommended approach is to wait for Starlink to demonstrate profits that exceed ongoing spending.
2026-07-08

Turkey's President Erdogan said Turkey seeks to open channels of communication with Russia to achieve peace.

Turkey's President Erdogan said Turkey seeks to open channels of communication with Russia to achieve peace.
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