SpaceX Record-Breaking IPO · Semis Surge in Tandem

SpaceX mega-IPO, semi surge drive S&P 500 and Nasdaq higher on the 12th

• SpaceX mega-IPO listing · U.S.-Iran peace-deal draft both land

• Micron (MU) +10.9% · Marvell (MRVL) +10.3% · AMD +6.5% lead sector +5.2% surge

• Crude -3.2% · VIX -9.1% plunge

• June 15 industrial production · June 17 retail sales — key near-term catalysts

SpaceX: Biggest IPO Ever A handful of analysts issue rare 'sell' calls, citing execution risk.

• Trillion-dollar valuation on debut — sets new Wall Street mega-IPO benchmark

• Space-sector stocks pull back slightly on profit-taking

• Growing warnings that speculative frenzy and IPO boom signal a market top

AMD: Rerated as GPU No. 2 Citi officially recognizes AMD as the 'de facto second-largest GPU supplier.'

• AMD +6.5% — leads semis sector higher, chip stocks +5%+

• Risk appetite broadens: Marvell +10.3%, Uber +5.7%, Boeing +5.2%

• Post-Vera Rubin order momentum holds; June 17 retail sales data key next catalyst