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2026-06-17Today
03:01

AI “Bottleneck Trade” Nearing End, Early SpaceX Investor Says Market Focus Will Shift to Long-Term Value

BlockBeats News, June 17th, the hot trade surrounding the artificial intelligence supply chain shortage may be coming to an end, as some investors are starting to shift from seeking the next bottleneck to filtering out companies that still have long-term competitiveness after the AI infrastructure cycle.


Altreides Management Managing Partner and early SpaceX investor Gavin Baker said in an interview with TBPN that over the past year, the market has been enthusiastic about chasing bottleneck assets in AI development, including DRAM, storage chips, and key material suppliers. However, he believes that such "AI bottleneck trades" are nearing an end.


Baker pointed out that Japan's Ajinomoto has refused to raise the price of a key chip packaging insulating material, indicating that the pricing power of some supply chain bottlenecks may have begun to ease. This material is used to connect the processor and chip in the packaging layer, which had previously attracted investor attention due to the surge in demand for AI chips.


He said that the previous market game was to find the "next bottleneck," but the more important question in the next stage is which companies can still maintain enduring franchise value after these bottlenecks dissipate.


This view has cooled the recent surge in storage and AI material stocks. Storage stocks such as Micron and SanDisk have risen sharply this year, driven by AI data center capital expenditures, HBM demand, and a reevaluation of supply and demand brought about by long-term procurement agreements. However, as stock prices have risen rapidly, the market has begun to discuss whether the trades are becoming overcrowded.


Baker also mentioned that the next focus of AI infrastructure may shift to the practical implementation of computing power and electricity. He referred to SpaceX's potential in ground and orbital AI data centers, stating that the market will focus on its speed in increasing "gigawatts" of computing power supply.


This means that AI trades may shift from simply betting on shortages to a broader infrastructure competition: whoever can quickly acquire land, power, GPUs, and data center capacity may be in a more favorable position in the next stage of the AI investment cycle.

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02:58

Jefferies raises Southwest Airlines target price to $44

Gelonghui June 17|Jefferies has raised the target price of Southwest Airlines from $37 to $44, maintaining a "Hold" rating. (Gelonghui)
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02:58

Federation of Thai Industries: Thailand's Industrial Sentiment Index was 84.7 in May, compared to 85.3 in April

The Federation of Thai Industries: Thailand's industrial sentiment index was 84.7 in May, compared to 85.3 in April
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02:57

Mizuho Securities: Delays in Middle Eastern infrastructure maintenance may increase Japan's energy import bill, but progress is being made in U.S. supply

(1) Mizuho Securities economist Yasuhisa Irie stated that as infrastructure maintenance delays in the Middle East keep energy prices elevated, Japan’s import bill could see a temporary surge in the second half of 2026. (2) However, government trade data released on Wednesday offered Japanese households some relief by showing progress in securing crude oil supplies outside of the Strait of Hormuz. (3) The data indicated that while Japan’s overall oil imports fell by 28.5%, crude oil shipments from the United States surged by 663.4%, highlighting the initial success of Japan’s efforts to diversify its energy import sources.
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02:57

Base will activate the Beryl hard fork upgrade on the mainnet on June 26, introducing the B20 native token standard.

Odaily reported that, according to official sources, Base is about to launch the Beryl hard fork upgrade, introducing the B20 native token standard, shortening the withdrawal final confirmation period for single proofs from 7 days to 5 days, and upgrading Reth V2, which will reduce disk usage by 50% and increase throughput by 33%.

Beryl will be activated on the Sepolia testnet at 2:00 AM UTC+8 on June 19 and on the mainnet at 2:00 AM UTC+8 on June 26.

B20 is Base's native token standard—an ERC-20 compatible token implemented in Rust for stablecoins, RWA, and long-tail token issuers. It has a built-in compliance toolkit that includes transfer policies, freezing and seizure functions, role-based access control, memos, and supply caps.

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02:57

Oil Price Plunges Over 10% on the 5th Day, Historical Data Suggests Strong Potential for US Stocks

BlockBeats News, June 17th, according to SentimenTrader data, the price of crude oil has cumulatively dropped by 10.31% in the past 5 trading days, while at the same time, the long-term US Treasury bond ETF TLT has risen by 1.30%.


Historical data shows that since 2008, when the market has seen a similar combination of "sharp decline in oil prices and rising US bonds," the S&P 500 index has had an 85% probability of rising in the next year, with a median gain of about 17.04% after one year. This market combination usually signifies that inflation pressure is rapidly easing, and financial conditions are becoming more accommodative.

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02:53

UOB Kay Hian: Indonesia OJK's role shift alleviates export concerns, upgrades First Resources to Buy

(1) UOB Kay Hian analyst Amerul Iqmal stated that the shift in the role of Indonesia’s Financial Supervisory Authority is expected to ease concerns about export bottlenecks and disruptions in palm oil supply. According to official sources, this state-owned company will no longer be the sole exporter, but will act as a pricing regulator. (2) The brokerage believes that the latest developments are slightly positive for Indonesian plantation operators, thus maintaining an overweight rating on the plantation sector. (3) After a correction in First Resources’ share price, UOB Kay Hian upgraded its rating from hold to buy, maintaining the target price at SGD 3.65. The stock rose 5.9% to close at SGD 3.05.
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02:52

Bitget adds 10 new stock contracts including Cognex, Rockwell, and SMH, supporting up to 20x leverage.

Foresight News reported that Bitget stock contracts have now launched 10 new targets including FLNC (Fluence Energy), CGNX (Cognex), SMH (VanEck Semiconductor ETF), ROK (Rockwell Automation), and ISRG (Intuitive Surgical), covering sectors such as energy storage, industrial automation, semiconductors, and medical technology. The above contracts support up to 20x leverage.

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02:52

Easing geopolitical tensions boost risk appetite, USD/CAD remains in high-level consolidation

Geopolitical situation easing boosts risk appetite, USD/CAD remains volatile at high levels
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02:48

A whale used 10x leverage to go long on SPCX, earning $1.63 million in unrealized profit in 14 hours.

According to monitoring by on-chain analyst ai_9684xtpa, address 0x3e7…f1589 went long with a 10x leverage on 90,296 SPCX last night. The current position is worth approximately 18.43 million USD, with an opening average price of 186.06 USD. This position has generated about 1.63 million USD in unrealized profit within about 14 hours.
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