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US stocks rallied as investors rotated back into tech, with AI optimism and easing oil prices helping lift the market.

Bitcoin’s sharp sell-off is driving heavy trading in related stocks, while one trader has placed a notably bullish wager.
KBW raised its view on Toll Brothers, saying the split housing market favors wealthier buyers more than everyone else.
Market watchers are identifying the stocks and themes most likely to move in the next trading session.
Bernstein argues quantum computing is the next major tech frontier and highlights two stocks with the strongest upside.
Some high-yield savings accounts have lowered rates, but a few options still offer around 4% interest.
Tom Lee says concerns that a SpaceX IPO would signal a market top are overblown and not supported by history.
Analysts and commentators are debating SpaceX’s valuation, with some warning about “Musk Mania” and others saying the IPO target is too high.
Social Security benefits are projected to get a smaller cost-of-living increase in 2027, according to new estimates.
Bitcoin traders are watching CPI closely, since the inflation data could trigger either a rally toward $70,000 or a drop toward $60,000.
Broader market stories point to major shifts in AI, tech, rates, and geopolitics, including China’s AI spending plan, OpenAI’s IPO path, Apple’s AI push, and easing tensions in the Middle East.

Hong Kong stocks ended a fifth straight decline, with the Hang Seng Index falling 91 points to 24,565 as Tencent’s gain narrowed and blue-chip trading remained active.

JD.com, Meituan, Ctrip, and other major firms are among the first batch invited to join WeChat’s AI internal testing group.
Reports say China plans to invest 2 trillion yuan over the next five years to build data centers nationwide.
Taiwan’s May exports surged 51.7% year on year, far exceeding market expectations.
KGI raised its S&P 500 target to 8,000 points while keeping its U.S. GDP growth forecast for this year at 2.2%.
Hong Kong stocks fell overall: the Hang Seng Index dropped 91 points to 24,565, while the Hang Seng Tech Index rose 13 points to 4,769.
Goldman Sachs lifted its target price for Micron to $900 and maintained a “Neutral” rating, also raising revenue and profit forecasts.
KGI said China’s economy is likely to stabilize in the second half and recommended names such as Ping An, Tencent, Alibaba, and UBTech.
Baidu rejected claims that it is a military-linked company and said it will use all means to be removed from the relevant list.
ASML warned the EU against excessive intervention in the semiconductor supply market, highlighting concerns over market distortion.
Several policy and market developments point to stronger support for AI, chips, urban renewal, and industrial upgrading, including new data-set policies and large-scale infrastructure plans.

Japan’s market was led by a sharp Nikkei rebound of 1,392 points, reclaiming the 65,000 level as strong U.S. tech gains boosted buying sentiment.

The yen is hovering around the 160-yen range, with trading subdued because investors expect possible government or BOJ intervention.
The Bank of Japan is preparing to raise rates to 1.0% on June 1, the highest in 31 years, due to inflation risks from Middle East tensions.
Tokyo stocks surged, with the Nikkei gaining 1,392 yen and recovering above 65,000, driven by strong U.S. tech shares.
Sumishin SBI is targeting 15 million accounts, as Sumitomo Mitsui Trust’s president says the company aims to become the clear market leader.
The Nikkei also briefly rose by more than 1,000 yen, showing strong buying momentum after gains in U.S. technology stocks.
The transport minister announced tougher crackdowns on special vehicles like trailers, with revised reporting/complaint rules planned for fiscal 2026.
Finance Minister Katayama warned against excessive yen depreciation and suggested that currency intervention could be used if needed.
U.S. markets were mixed: the Dow fell on worries about worsening Middle East conflict, while the Nasdaq bounced back.
The yen strengthened slightly in New York, as traders remained alert to the possibility of official intervention in the currency market.
Other notable stories include a major IP strategy organization marking its first anniversary, a large amusement-park dating event, and company and cultural news from Kyoto and elsewhere.

Bitcoin slid to around $62,600 as traders struggled to find a bullish catalyst, with Strategy’s latest buy failing to lift the market.

Bitcoin’s latest rebound is being viewed as a temporary bounce rather than a true bullish trend reversal, with the $68,000 to $80,000 range seen as an important reference zone.
Strategy’s recent bitcoin buying has not been enough to lift BTC’s price, suggesting market sentiment remains weak despite major institutional accumulation.
Circle has launched cirBTC on Ethereum to compete with Coinbase in the wrapped bitcoin market, intensifying rivalry in tokenized BTC products.
USDT’s potential golden cross is being interpreted as a possible negative signal for bitcoin, hinting that stablecoin market dynamics may weigh on BTC.
Coinbase and Cardless are introducing a credit card linked to stablecoins, expanding the use of crypto-backed payment products in everyday finance.
Critics dismissed Michael Saylor’s suggestion that AI caused bitcoin’s crash, with Arca calling that explanation “nonsense.”
Bitcoin fell to around $62,600 as traders began discussing SpaceX’s IPO as a possible next market catalyst.
A Chinese mining executive said Strategy could handle bitcoin dropping to $30,000 without being forced to sell, easing concerns about immediate liquidation risk.
Humanity Protocol’s token collapsed more than 80% after a private-key hack exposed major security vulnerabilities.
Crypto’s memecoin culture is showing a darker side, with reports highlighting extreme behavior, reckless dares, and heavy drinking tied to the craze.

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