CITIGROUP strategists led by David Chew say US tech stocks face further downside as positioning remains elevated: the Nasdaq-100's pullback this month was not matched by a reduction in exposure, leaving long positions still materially larger than shorts and roughly 80% of longs currently underwater. The team warns risk is skewed toward losing long positions, which could amplify downward pressure. AI valuation doubts have triggered tech selling, with large-cap US techs leading and the Nasdaq-100

美國總統特朗普：我正在將藥價降低200%、300%，甚至400%，但幾乎沒人談論這件事。民主黨反對這一舉措，如果他們上臺執政，藥價將上漲300%、400%，甚至500%。

At the 2026 Global Digital Economy Conference Space Compute Forum on June 29, Beijing unveiled the Beijing Space Compute Innovation Center, positioned as China’s first center to integrate the space-compute industry chain and coordinate upstream-downstream development. Operating under a company-plus-alliance model, the center will pursue full-stack collaboration across chips, hardware, platforms, AI, networks and applications to establish a space-compute production ecosystem. It will focus on six areas: space-native compute chip design and manufacture; high-performance, ultra-bandwidth space compute payloads; satellite platforms and ground verification infrastructure; large-model deployment with software-hardware co‑optimization; key technologies for space‑ground integrated cloud platforms; and satellite application technology innovation and scenario validation.