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Odaily reported that Apollo and Blackstone Group have raised $35 billion in funding for Anthropic's chip project. (FT)

Glonghui, June 9th｜Cantor Fitzgerald analyst CJ Muse pointed out that the memory market is at a significant turning point, and investors must reassess whether this traditionally cyclical industry has undergone a permanent structural change. Muse predicts that the DRAM and NAND markets will remain in short supply through the end of 2028. The firm estimates that global memory industry revenue will reach 1.21 trillion USD in 2027, with the DRAM market scale at about 850 billion USD and the NAND market at about 360 billion USD. By 2028, the overall market size is expected to approach 1.4 trillion USD. Based on an optimistic outlook for the industry, the firm raised the target price for Micron to 1,500 USD and for SanDisk to 2,900 USD.

(1) Japanese Finance Minister Katayama Satsuki stated that the country is currently undergoing the largest budget reform since the end of World War II, and referred to it as the government's commitment. (2) A few days ago, Japan passed a supplementary budget bill of 3.1 trillion yen (approximately 19.4 billion US dollars), which includes a reserve fund of 2.5 trillion yen aimed at addressing inflation driven by the Middle East conflict. (3) Although Prime Minister Sanae Takaichi previously indicated an intention to avoid relying on supplementary budgets as much as possible, Katayama stated that, if necessary, the government would prepare a supplementary budget to respond to unexpected situations.