US, Iran agree to ceasefire, sending stock futures higher and oil lower

💽 AMD Stock Jumps as Citi Sees Bigger AI GPU Upside From Meta Deal

Advanced Micro Devices shares moved back into focus after Citi analyst Atif Malik upgraded the stock to Buy from Neutral and raised the firm’s price target to $575 from $460, with the latest available quote showing AMD at $511.57, up $22.91, or about 4.7%, from the previous close.

A price target is an analyst’s estimate of where a stock could trade over a set period, and Citi’s new target implies about 12% upside from the latest quoted price.

The upgrade matters because it challenges a key market debate around AMD: whether investors should still value the company mainly as a central processing unit, or CPU, supplier, or increasingly as a serious AI accelerator competitor.

A GPU, or graphics processing unit, is a chip used heavily in artificial intelligence workloads because it can process many calculations at once.

Investor’s Business Daily and MarketWatch both reported that Citi’s thesis centers on AMD’s GPU opportunity and its potential role as a major supplier to Meta Platforms. TechStock² reports.


💻 Intel stock gains after BofA upgrade, foundry business in focus

Intel shares climbed at the start of the week, building on recent gains fueled by AI hopes and some shifts in market sentiment about the company’s comeback.

Intel was last at $124.57, adding $7.58 or around 6.5%.

U.S. stock-index futures were also higher Monday.

Traders pointed to a U.S.-Iran agreement as pushing up risk appetite, with Nasdaq 100 futures rising 2.1% before the bell. TechStock² reports.


🔬 Tower Semiconductor Climbs on Silicon Photonics Expansion Deal

Tower Semiconductor Ltd shares are up during Monday’s premarket session.

The company announced a multi-year agreement for the supply of Indium Phosphide (InP) epiwafers with IQE plc.

This partnership aims to enhance Tower’s capabilities in next-generation optical technologies, which are critical for AI-driven data center infrastructure.

The agreement with IQE includes a minimum purchase commitment from Tower in the first year and reciprocal supply commitments.

This will reinforce Tower’s position in the silicon photonics market.

This collaboration is expected to support the production of advanced optical connectivity solutions, crucial for scaling AI infrastructure. Benzinga reports.


🖥️ Hyperscale Data Announces Advanced Negotiations Toward $1 billion Contract for Data Centres; Surges in Pre-Market

Hyperscale Data, Inc., an artificial intelligence data center company anchored by Bitcoin, today announced that it sees increasingly strong interest in its Michigan data center campus from prospective customers seeking scalable AI infrastructure and high-density GPU-based compute environments and IT infrastructure.

The Company stated that negotiations with a prospective customer have advanced to a stage where management believes that Alliance Cloud Services, LLC, an indirect wholly owned subsidiary of Hyperscale Data, will enter into a master services agreement to provide colocation and related data center services for AI compute deployments in the coming weeks. PR Newswire reports.


🛡️ Castellum Joint Venture Wins Position on $250 Million U.S. Navy Contract; Soars in Pre-Market

Castellum, Inc., a cybersecurity, electronic warfare, and software services company focused on the federal government, announced today that its joint venture CTM JV, LLC has been awarded a contract to the Logistics IT Integration and Support Capability Modernization, Deployment, and Support Multiple Award Contract.

The MAC is structured as an indefinite delivery/indefinite quantity contract vehicle, under which the United States Navy will competitively award individual task orders for specific projects, with a total maximum value of approximately $250 million. Globe Newswire reports.

Time (ET) / Report / Period

8:30 AM - Empire State manufacturing survey - June
9:15 AM - Industrial production - May
9:15 AM - Capacity utilization - May

“The first principle is that you must not fool yourself—and you are the easiest person to fool.”

– Richard Feynman

Sourced in: 1974 Caltech Commencement Address — GoodReads.

TradeZero America, Inc., a United States broker dealer, registered with the Securities and Exchange Commission (SEC) and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC); TradeZero, Inc., a Bahamian broker dealer, registered with the Securities Commission of the Bahamas ; TradeZero Canada Securities ULC, a Canadian broker dealer, member firm of Canadian Investment Regulatory Organization (CIRO) and member of the Canadian Investor Protection Fund (CIPF); and TradeZero Europe B.V., a Dutch broker dealer, authorized and regulated by the Dutch Authority for the Financial Markets (AFM) (collectively, the “TradeZero Broker Dealers”).

TradeZero Broker Dealers offer self-directed electronic securities trading to their customers. TradeZero Broker Dealers do not provide financial or trading advice and do not make investment recommendations to their customers. This communication does not constitute an offer to sell or a solicitation to buy any security or instrument which it may reference. There is a risk of loss in online trading of securities including equities and options. Trading on margin is for experienced investors whereby the loss can be greater than your initial investment. Likewise, short selling as a securities trading strategy is extremely risky and can lead to potentially unlimited losses. Options trading is not suitable for all investors as it can involve risk that may expose investors to significant losses. Please read the Characteristics and Risks of Standardized Options, also known as the Options Disclosure Document (ODD) at OCC.

If you have any specific questions about TradeZero's brokerage services, please reach out to the TradeZero Broker Dealer servicing your jurisdiction.