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Golden Ten Data reported on June 25 that Micron stated that once all supply agreements are completed, contracts signed at fixed prices or with a cap close to current levels are expected to account for about 40% of its revenue. At the same time, these contracts also include price floors, with Micron saying this will result in gross margins “well above” the peak of any previous cycle. “This data is important evidence for the memory supercycle theory, but I would not permanently overvalue Micron simply because of an all-time high annualized gross margin,” said Futurum Chief Market Strategist Shay Bolor. “The right understanding is not that cyclicality has disappeared, but that its normalized profitability level may have risen significantly, and the next downturn cycle may be more protective than investors have previously come to expect.”

Bank of America has adjusted its forecast for the Bank of England’s rate cut path, now expecting a 0.25% rate cut in November 2027, compared to the previous prediction of three rate cuts.

Gelonghui June 25｜Auto parts e-commerce platform Zhongchi Chafu surged 72.8% in pre-market trading. According to reports, Zhongchi Chafu recently completed a round of financing by issuing a prepaid promissory note to an institutional investor, which will bring the company up to $5.25 million in total proceeds. Additionally, under the agreement, the investor has the right to request the company to issue an additional $2.5 million prepaid promissory note within 21 months after the transaction is completed. This financing announcement was interpreted by the market as a positive signal to ease the company's cash pressure, support its business transformation, and strategic expansion, directly boosting the stock price.