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Intel rises 9% after Trump says company will partner with Apple on U.S. chip design

• iEdge Singapore Next 50 Index Inclusion:  SGX announced on June 8, 2026, that AEM will join the index on June 22 following its 2026 AI rally.  This inclusion drives institutional buying as investors use AEM as a proxy for global AI infrastructure spending.
• Bullish Analyst Coverage:  A June 2, 2026, DBS Research report maintained a BUY rating on AEM while evaluating Nvidia' S new RTX Spark PC architecture. The bank highlighted that expanding consumer AI architectures ensures robust, structural demand for AEM' s high-volume testing machinery

• The Updates:  Citigroup upgraded AMD to BUY with a $575 price target, noting that Wall Street underestimates Meta' s massive purchasing commitments for AMD' s AI accelerators. Concurrently, AMD committed to investing £ 2.1 billion ($2.7 billion) at London Tech Week to expand advanced computing infrastructure using its Instinct GPUs and EPYC processors.https://www.startuphub.ai/ai-news/ai-stocks-daily/2026/ai-stocks-2026-06-16            https://www.tradingkey.com/news/market-movers/261967965-market-movers-amd-20260615  https://sg.finance.yahoo.com/news/amd-ceo-makes-bold-move-194700618.html
• Beneficial Effect for AEM:  Analysts widely identify AMD as AEM' s undisclosed major fabless customer.  AMD' s booming AI chip sales and Meta' s massive orders translate into an immediate volume surge for AEM' s customized System Level Testing (SLT) platforms.

• The Updates:  Bank of America identified " Agentic AI" (autonomous AI agents) as a new $170 billion market catalyst, triggering rallies for Nvidia and AMD. To secure cash for next-generation R& D, Nvidia initiated plans to raise $25 billion in its first corporate bond sale in five years.https://www.tradingview.com/news/invezz:ad5d3f711094b:0-nvidia-amd-arm-stocks-rally-as-bofa-sees-170b-agentic-ai-opportunity/https://www.thestar.com.my/tech/tech-news/2026/06/16/nvidia-to-raise-25-billion-sources-say-in-first-corporate-bond-sale-in-five-years
• Beneficial Effect for AEM:  Nvidia' s aggressive R& D funding and push into complex architectures ~ like the consumer RTX Spark PC chips ~ preserve long-term demand for high-volume testing.  Increasingly complex AI architectures require longer, more rigorous testing routines, directly boosting utilization rates for AEM' s advanced machinery.

• The Updates:  The four largest US hyperscalers are guiding to more than $380 billion in combined 2026 capital expenditure. Amazon is leading the industry with infrastructure outlays approaching $118 billion, while Microsoft is pacing close behind near $100 billion to aggressively expand its global data center footprints.  https://valueaddvc.com/blog/ai-hyperscaler-capex-compared-why-microsoft-google-meta-and-amazon-are-all-spending-at-once
• Beneficial Effect for AEM:  To prevent compute shortages, these cloud giants are buying unprecedented amounts of silicon from Intel and AMD.  This massive wave of capital flows straight down the semiconductor supply chain, routing high production volumes directly to advanced packaging and testing providers like AEM.

• The Updates:  Driven by robust AI infrastructure demand, Singapore' d Non-Oil Domestic Exports (NODX) surged 38.4% year-on-year in May, hitting a 22-year high. Electronics shipments jumped 95%, prompting economists at Maybank to lift Singapore' s overall 2026 export growth forecast to a strong 15%.https://www.businesstimes.com.sg/singapore/singapores-key-exports-growth-hits-22-year-high-38-4-may-robust-ai-demand        https://www.businesstimes.com.sg/singapore/ai-demand-keep-singapores-export-growth-robust-despite-middle-east-uncertainty-economists
• Beneficial Effect for AEM:  This macroeconomic surge confirms a powerful cyclical recovery in the regional electronics manufacturing sector.  As a leading Singapore-based testing specialist, AEM is perfectly positioned to capture this momentum, translating the industry expansion into higher sales volumes and thicker order books.

• The Updates:  HSBC announced a landmark, multi-year partnership with Google AI designed to unlock over $100 million in efficiency gains. The banking giant plans to deploy Google' s advanced machine learning models to enable more than 200 new artificial intelligence use cases across its global banking network over the next two years.https://www.businesstimes.com.sg/companies-markets/banking-finance/hsbc-google-ai-partnership-set-add-over-us100-million-gains
• Beneficial Effect for AEM:  This partnership proves that the AI trend is shifting from speculative infrastructure building to real-world enterprise software deployment.  As software adoption accelerates, the underlying cloud infrastructure must process more data, guaranteeing a long-term, secular demand cycle for the high-performance chips that AEM tests.