This Week in Review: US-Iran Agreement Still Faces Differences, Semiconductor Storage "Big Three" All Join Trillion-Dollar Club

BlockBeats News, May 30. This week, the global market continued to trade around the U.S.-Iran negotiations, U.S. inflation, Federal Reserve policy, and the AI industry chain. Although the U.S. and Iran are close to reaching an interim agreement, significant differences still exist between the two sides on key issues such as the nuclear issue, control of the Strait of Hormuz, and sanction relief. After President Trump and the White House team held a situation room meeting this week, no final decision has been made.

On the macroeconomic front, U.S. April PCE inflation rose to 3.8% year-on-year, hitting a nearly three-year high, with core PCE rising to 3.3%. As inflation rears its head again, several Federal Reserve officials have begun discussing the possibility of rate hikes, causing market expectations for a rate cut later this year to cool further.

In the capital markets, U.S. stocks continued to hit record highs, with the Dow, S&P 500, and Nasdaq rising by 0.9%, 1.43%, and 2.39% respectively this week. The AI-related sector remains the market focus, with Dell seeing a nearly 40% surge in its stock price after its earnings report due to AI server demand.

The AI-driven storage chip market continues to heat up. Following Samsung Electronics, Micron Technology and SK Hynix both broke through the $1 trillion market capitalization threshold this week, making the three global memory chip manufacturers fully enter the "trillion-dollar market cap club." The market believes that the demand for AI training and inference is reshaping the memory industry cycle, with High Bandwidth Memory (HBM) in short supply becoming a core driving force.

The embodied intelligence track also received attention. Yushu Technology's ChiNext IPO is scheduled to be reviewed on June 1, with the company planning to raise $4.2 billion, aiming to become the "A-share first stock of humanoid robots." Meanwhile, Yushu has released the new generation embodied intelligence model WVLA2.0 and demonstrated the G1 robot's autonomous item organizing capability.

In the commodity market, influenced by expectations of a U.S.-Iran ceasefire and the resumption of shipping in the Strait of Hormuz, international oil prices fell sharply this week, with WTI crude oil briefly falling below $90 per barrel. Gold, on the other hand, fluctuated between reduced safe-haven demand and high-interest rate expectations, ending the week with a slight 0.73% increase.

Overall, the market is currently trading around three main themes: the "AI supercycle," "Federal Reserve policy shift," and "geostrategic risk mitigation." Storage chips, humanoid robots, and domestic semiconductors have become the most prominent structural hotspots of the week.