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According to Jinshi reports, the Philadelphia Semiconductor Index fell nearly 9% during the afternoon trading session of the U.S. stock market.

According to Gate market data, the Philadelphia Semiconductor Index fell by 4.6%.

According to PR Newswire, the enterprise-level AI payment and financial management platform Ramp announced the completion of a new round of financing totaling $750 million, with a post-money valuation of $44 billion.This round of financing was led by ICONIQ, GIC, and the Ontario Teachers' Pension Plan, with participation from institutions such as Goldman Sachs Alternatives, D.E. Shaw, Morgan Stanley Investment Management, Generation Investment Management, and Insight Partners.Ramp stated that the company is expanding its business into the AI cost management field, launching the AI Token spending management tool to help businesses monitor and control expenses related to large models and AI services. In recent months, Ramp has completed acquisitions of the UK and European payment platform Billhop and the business travel platform Juno, and has also deepened its long-term collaboration with Visa to promote AI agents to autonomously execute corporate payments within a real-time risk control framework.Ramp revealed that its internal AI tools have achieved a 99.5% employee adoption rate, with the internally developed platform Inspect currently generating over two-thirds of the company's code. The company plans to use this round of financing to further expand its product layout and accelerate its expansion into the UK and European markets.

According to Jinshi, the US stock semiconductor sector continued to decline before the market opened, with Broadcom down over 13%, Micron Technology down 6%, and both AMD and Intel down 4%.

According to Jinshi reports, the Philadelphia Semiconductor Index rose by 4.2%, with Marvell Technology (MRVL.O) increasing by 24%, becoming the leading stock in the index.

Recently, the semiconductor and memory chip sectors of the US stock market have continued to strengthen, with significant increases in trading activity for related assets. According to Gate market data, Micron Technology (MU) reached a 24-hour high of $951.26, currently reported at $936.77, with a 24-hour increase of 2.76%; SanDisk (SNDK) reached a 24-hour high of $1693.83, currently reported at $1654.41, with a 24-hour increase of 5.94%.According to CoinGlass data, the 24-hour contract trading volume for MU (Micron Technology) on the Gate platform reached $15.1529 million, while SNDK (SanDisk) reached $11.2302 million, both ranking among the top in the industry, with related trading activity continuing to rise.As global demand for traditional asset allocations like US stocks continues to grow, Gate is continuously bridging cryptocurrency and traditional financial trading scenarios through a unified account system. Users can conveniently participate in trading global mainstream assets such as stocks, metals, foreign exchange, indices, and commodities through a single USDT account, further enhancing cross-market trading efficiency and capital utilization flexibility.Gate has launched over 130 US stock-related perpetual contract targets, as well as over 430 CFD contract targets, and is continuously expanding its diverse product lines including spot tokens, perpetual contracts, and on-chain assets, supporting 24/7 trading to provide users with a more flexible and efficient one-stop global asset trading experience.

According to The Block, the publicly listed company Sequans Communications in Paris, France, announced the completion of all convertible debt redemptions related to Bitcoin reserves, selling approximately 80% of its Bitcoin holdings to repay the debt, and currently only 658 BTC remain, which are fully unrestricted.The company's CEO Georges Karam stated that this move marks a strengthening of the company's balance sheet and a simplification of its capital structure, and in the future, the company will fully focus on the scaled expansion of its 4G/5G IoT semiconductor, RF transceiver, and defense wireless application businesses.

According to The Block, Bitcoin mining company Bitdeer announced that Chief Financial Officer Jianchun Liu will resign at the end of June for personal reasons and will transition to Chief Advisor, with former Corsair Gaming CFO Michael Potter taking over.Michael Potter served as CFO of Corsair Gaming from 2019 to 2025 and was involved in the company's 2020 IPO; he previously held senior positions at technology and semiconductor companies such as Lattice Semiconductor, Honeywell, NeoPhotonics, and STATS ChipPAC. Bitdeer is currently expanding from Bitcoin mining into AI and cloud computing infrastructure, with its annualized AI cloud revenue recently approaching $70 million.

According to official news, the ICON Network will officially cease operations and permanently shut down on December 31, 2026, fully transitioning to SODAX.After the shutdown, a read-only archive will be provided for historical transaction inquiries. The final deadline for migrating ICX to SODA tokens is December 31, 2026; after this date, migration will not be possible. Starting from September 30, 2026, token migration will become one-way, only supporting ICX to be exchanged for SODA.Currently, the liquidity of the ICON network has been migrated to the SODAX protocol, and the centralized exchange Kraken has listed SODA on its online roadmap.

Recently, the technology sector of the US stock market has continued to perform strongly, with AI and semiconductor-related assets consistently attracting market attention, driving the trading enthusiasm for mainstream US stocks to continue to rise. According to Gate's market data, NVIDIA (NVDA) is currently priced at $220.65, up 1.93% in 24 hours, with a 24-hour trading volume of $26.2318 million for related USDT perpetual contracts; Micron Technology (MU) is currently priced at $788.22, up 1.68% in 24 hours, with a 24-hour trading volume of $11.6861 million for related USDT perpetual contracts, and the trading activity is among the top in the industry.As global demand for traditional asset allocation such as US stocks continues to grow, Gate is continuously bridging the gap between cryptocurrency and traditional financial trading scenarios through a unified account system. Users can conveniently participate in trading global mainstream assets such as stocks, metals, foreign exchange, indices, and commodities through a single USDT account, further enhancing cross-market trading efficiency and flexibility in capital usage.Currently, Gate has launched over 130 US stock-related perpetual contract targets, as well as over 430 CFD contract targets, and continues to expand its diverse product lines including spot tokens, perpetual contracts, and on-chain assets, supporting 24/7 trading to provide users with a more flexible and efficient one-stop global asset trading experience.

Morgan Stanley pointed out that by 2030, the global semiconductor industry market size could reach $1.5 trillion, with AI-related semiconductor products contributing a significant share. The capital expenditure of major cloud service providers remains strong.Morgan Stanley's cloud capital expenditure tracker estimates that by 2026, cloud capital expenditure will approach $811 billion. Research suggests that agent-based artificial intelligence has generated a growing opportunity for CPU applications. As AI shifts from reasoning to execution, GPU computing intensity increases. The agency has raised the total addressable market (TAM) for orchestration CPU in the baseline scenario to $79 billion, with the market added value (TAM) forecast for CPU orchestration technology reaching $238 billion.

According to Jinshi News, as the yield on the 10-year U.S. Treasury bond rises above 4.6%, U.S. stock index futures have slightly declined. Major semiconductor stocks such as Micron Technology (MU.O) and Nvidia (NVDA.O) continue to fall in pre-market trading. If the S&P 500 index continues to decline today, it will mark the third consecutive trading day of losses for the index. Rising yields, high inflation, and elevated oil prices are weakening investors' willingness to invest. Ed Yardeni, president of Yardeni Research, stated that a stagflationary macroeconomic environment may not necessarily hinder stock market performance, provided that companies can still improve profit margins.

According to informed sources, Analog Devices is in deep negotiations to acquire AI chip startup Empower Semiconductor for approximately $1.5 billion.If the deal is reached, it will further expand Analog Devices' presence in high-performance computing infrastructure. The transaction reflects the strong demand in the market for AI chip power and energy management technologies, as the growing artificial intelligence workloads place higher demands on power management and energy efficiency.

According to Axios, Silicon Valley venture capital firm Playground Global has completed fundraising of $475 million for a new fund, which will focus on investing in startups in the fields of artificial intelligence, automation, advanced computing, and deep tech.Playground Global was founded by Android co-founder Andy Rubin and others, and has long focused on AI infrastructure, robotics, and hardware innovation. This new fund indicates that, driven by the surge in generative AI and automation, capital continues to pour into the frontier technology sector.Playground Global is headquartered in Palo Alto, California, and previously completed fundraising of $410 million for its third fund in 2022. Its investment portfolio includes companies such as Agility Robotics, PsiQuantum, Skydio, Ultima Genomics, Virta Health, and Unconventional AI.

According to official news, the Gate contract stock area has launched SOXL (3x long semiconductor ETF) and BRKB (Berkshire Hathaway) perpetual contract trading (settled in USDT), supporting 1-20x leverage.

According to Jinshi reports, the semiconductor sector of the US stock market generally rose, with Micron Technology up nearly 5%, ON Semiconductor rising close to 5%, and NXP Semiconductors up 4.6%.

According to Gate market data, U.S. stocks closed on Wednesday with the Dow Jones Industrial Average initially down 0.57%, the S&P 500 index down 0.04%, and the Nasdaq up 0.04%. NXP Semiconductors surged 25%, NVIDIA fell 1.8%, Qualcomm rose 4%, and Intel increased by 12%. The Nasdaq Golden Dragon China Index closed down 0.63%, with Baidu down 3.7% and iQIYI up 4.5%.

According to Gate market data, at the opening of the US stock market, the Dow Jones Industrial Average rose by 0.04%, the S&P 500 index fell by 0.07%, and the Nasdaq Composite Index fell by 0.28%. NXP Semiconductors (NXPI.O) rose by 21.7% due to its strong second-quarter earnings guidance. As a result, ON Semiconductor (ON.O) rose by 6.4%, and Microchip Technology (MCHP.O) rose by 4.8%. Silicon Motion (SIMO.O) rose by 35%, as its first-quarter performance and second-quarter guidance significantly exceeded expectations.